Representative Daniel Lungren (R-CA) has introduced HR 1451, the “New Options Petroleum Energy Conservation Act of 2007,” a bill that seeks to provide incentives to reduce dependence on foreign oil. It includes, among other things, a $1 billion prize the first U.S. car manufacturer to sell 60,000 midsized sedan automobiles that can travel 100 miles per gallon.
IN THE HOUSE OF REPRESENTATIVES
March 9, 2007
Mr. DANIEL E. LUNGREN of California (for himself and Mr. COSTA) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Science and Technology and Energy and Commerce . . .
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SEC. 5. PRIZE PROGRAM.
The Secretary of Energy shall establish a program to award a prize in the amount of $1,000,000,000 to the first automobile manufacturer incorporated in the United States to manufacture and sell in the United States 60,000 midsized sedan automobiles which operate on gasoline and can travel 100 miles per gallon.