I 
110TH CONGRESS 
2D SESSION 
H. R. 7239 
To reduce gasoline prices, to lessen the dependence of the United States 
on foreign oil, to strengthen the economy of the United States, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 29, 2008 
Mr. UDALL of Colorado introduced the following bill; which was referred to 
the Committee on Energy and Commerce, and in addition to the Commit-
tees on Agriculture, Ways and Means, Science and Technology, Oversight 
and Government Reform, Transportation and Infrastructure, and Natural 
Resources, for a period to be subsequently determined by the Speaker, 
in each case for consideration of such provisions as fall within the juris-
diction of the committee concerned 
A BILL 
To reduce gasoline prices, to lessen the dependence of the 
United States on foreign oil, to strengthen the economy 
of the United States, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘American Energy, American Innovation Act of 2008’’. 
(b) TABLE OF CONTENTS.— 
Sec. 1. Short title; table of contents. 
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TITLE I—SHORT-TERM RELIEF FOR AMERICAN ENERGY 
CONSUMERS 
Subtitle A—Consumer Energy Supply 
Sec. 101. Definitions. 
Sec. 102. Sale and replacement of oil from the strategic petroleum reserve. 
Subtitle B—Commodity Markets Transparency and Accountability 
Sec. 111. Definition of energy commodity. 
Sec. 112. Speculative limits and transparency of off-shore trading. 
Sec. 113. Disaggregation of index funds and other data in energy and agri-
culture markets. 
Sec. 114. Detailed reporting from index traders and swap dealers. 
Sec. 115. Transparency and recordkeeping authorities. 
Sec. 116. Trading limits to prevent excessive speculation. 
Sec. 117. Modifications to core principles applicable to position limits for con-
tracts in agricultural and energy commodities. 
Sec. 118. CFTC administration. 
Sec. 119. Review of prior actions. 
Sec. 120. Review of over-the-counter markets. 
Sec. 121. Studies; reports. 
Sec. 122. Over-the-counter authority. 
Sec. 123. Expedited process. 
TITLE II—NATIONAL COMMISSION ON ENERGY INDEPENDENCE 
Sec. 201. Establishment of Commission. 
Sec. 202. Purpose. 
Sec. 203. Composition of Commission. 
Sec. 204. Functions of Commission. 
Sec. 205. Powers of Commission. 
Sec. 206. Reports. 
Sec. 207. Staff of Commission. 
Sec. 208. Compensation and travel expenses. 
Sec. 209. Meetings. 
Sec. 210. Authorization of appropriations. 
TITLE III—ESTABLISH A NATIONAL RENEWABLE ELECTRICITY 
STANDARD 
Sec. 301. National renewable electricity standard. 
TITLE IV—APOLLO PROJECT FOR CONVERSION OF MOTOR 
VEHICLES TO ALTERNATIVE FUELS 
Sec. 401. Sense of Senate on conversion of motor vehicles to alternative fuels 
and energy independence. 
Sec. 402. Consumer tax credits for advanced vehicles. 
Sec. 403. Research and development program for alternative fuel vehicle tech-
nologies. 
Sec. 404. Federal fleet requirements. 
TITLE V—ENHANCED CONSERVATION AND EFFICIENCY 
Subtitle A—Enhancing Efficiency of Conventional Vehicles 
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PART I—FUEL ECONOMY STANDARDS 
Sec. 501. Increase corporate fuel economy standards. 
Sec. 502. More realistic determination of fuel efficiency standards. 
Sec. 503. Fuel efficiency standards revisions. 
Sec. 504. Automobile safety. 
PART II—OTHER PROVISIONS 
Sec. 511. Lightweight materials research and development. 
Sec. 512. Federal Government gasoline consumption. 
Sec. 513. Credit for fuel-efficient motor vehicles. 
Sec. 514. Exclusion from heavy truck tax for idling reduction units and ad-
vanced insulation. 
Sec. 515. Idling reduction tax credit. 
Sec. 516. Determination of certification standards by Secretary of Energy for 
certifying idling reduction devices. 
Sec. 517. Extension and modification of alternative motor vehicle credit. 
Subtitle B—Alternative Fuels and Biofuels 
PART I—GENERAL PROVISIONS 
Sec. 521. Bioenergy research and development. 
Sec. 522. Alternative fueled automobile production requirement. 
Sec. 523. Definition of renewable biomass. 
Sec. 524. Loan guarantees for renewable energy pipelines. 
PART II—TAX PROVISIONS 
Sec. 530. Reference. 
Sec. 531. Expansion of special allowance to cellulosic biomass alcohol fuel plant 
property. 
Sec. 532. Credit for producers of fossil free alcohol. 
Sec. 533. Extension and modification of credit for biodiesel used as fuel. 
Sec. 534. Extension and modification of alternative fuel credit. 
Sec. 535. Extension of suspension of taxable income limit on percentage deple-
tion for oil and natural gas produced from marginal properties. 
Sec. 536. Extension and modification of election to expense certain refineries. 
Sec. 537. Hydrogen installation, infrastructure, and fuel costs. 
Sec. 538. Alternative fuel vehicle refueling property credit. 
Sec. 539. Certain income and gains relating to alcohol fuels and mixtures, bio-
diesel fuels and mixtures, and alternative fuels and mixtures 
treated as qualifying income for publicly traded partnerships. 
Subtitle C—Other Provisions 
PART I—GENERAL PROVISIONS 
Sec. 541. Energy efficiency and conservation block grants. 
Sec. 542. Weatherization assistance program for low-income persons. 
Sec. 543. Renewable energy workforce. 
PART II—TAX PROVISIONS 
Sec. 550. Reference. 
SUBPART A—RENEWABLE ENERGY INCENTIVES 
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