U.S. House Votes To Fund Cash for Clunker Extension
July 31, 2009
The U.S. House of Representatives voted Friday afternoon for a Cash for Clunkers extension funded by an additional $2 billion through Sept. 30.
The measure, which passed on a 316-109 bipartisan vote, will be funded from a renewable energy loan guarantee included in the economic stimulus package.
The measure goes to the Senate next week where it faces more challenges than the fast-track bill did in the House. Some senators already have said they'll oppose it; others said they will insist it contain more stringent fuel-economy standards for the vehicles bought under the Cash for Clunker plan.
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