II 110th CONGRESS 2d Session S. 3403 IN THE SENATE OF THE UNITED STATES July 31, 2008 Ms. Cantwell introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation A BILL To amend title 49, United States Code, to require determination of the maximum feasible fuel economy level achievable for cars and light trucks for a year based on a projected fuel gasoline price that is not less than the applicable high gasoline price projection issued by the Energy Information Administration.

1.

Short title

This Act may be cited as the Accuracy in Fuel Economy Standards Act.

2.

Determination of maximum feasible fuel economy standards for passenger automobiles and non-passenger automobiles based on the most recent high gasoline price projection

Section 32902 of title 49, United States Code, is amended by adding at the end the following: (l)

Calculation of maximum feasible fuel economy standards

(1)

In general

The Secretary shall determine the maximum feasible fuel economy level achievable for passenger automobiles and non-passenger automobiles for each model year for purposes of this section based on a projected gasoline price that is not less than the applicable high gasoline price projection issued by the Energy Information Administration. (2)

Applicable high gasoline price projection defined

In this subsection the term applicable high gasoline price projection means the greatest of a range of estimated gasoline prices that the Energy Information Administration issues as part of its annual energy outlook, short-term energy outlook, or similar analyses, for the year or years corresponding to the model year or model years for which the Secretary is prescribing an average fuel economy standard under this section, and for the range of years considered by the Secretary in determining the costs and benefits associated with such standard. .