On the recordJune 20, 2012
Reclaiming my time, we know that a penny increase in a gallon of gasoline, the Federal Trade Commission has said, can be a significant burden, meaning as much as $4 million to individuals and businesses around the country for every single penny in the increase of the price of gasoline. Again, this does not prevent the EPA from developing rules on the current schedule. It says, Look before you leap. That's why I object to this amendment, and I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from California (Mr. Waxman). The question was taken; and the Acting Chair announced that the ayes appeared to have it.
