The bill has measures which set new requirements for energy efficiency for appliances and public buildings. To match this loans and grants will be given out to ensure upgrades, retrofitting, and replacing can be speed up.
The bill will require automobile manufactures to raise their standards from on average 22.7 miles per gallon today which was established in 1989 to 35 miles per gallon by 2020. The bill will also seek to boast production of biofuels to 36 billion gallons by 2022. This bill could save the United States 2.5 million barrels of oil a day once 2025 rolls around and these measures have been in affect long enough to start generating positive returns. The measure will mark a 40% increase in efficiency relative to today. Car manufactures will though have ways around this, by offsetting some of the costs of research and development into the technologies which will be required for making these new cars.
The bill is the first at the federal level in quiet some time, however considering that individual states were all ready moving ahead with bills of their own, it was only a matter of time until federal government would be outmaneuvered.
There were quiet a few compromises in the bill including the fact that the Democrats were forced to throw out a $32 billion USD package of tax incentives for renewable energy. The Republicans were against this because it would have meant approximately $29 million USD in taxes on big oil companies. The Democrats also wanted to increase the amount of renewable fuel used by utilities to generate electricity to 15%.