Source:
Detroit NewsWashington -- The U.S. House overwhelmingly approved a bill Wednesday to boost government funding for green vehicle research -- the latest effort by Congress to aid the struggling auto industry.
The House voted 312-114 for the measure that authorizes $2.9 billion over five years, including $550 million in the budget year starting Oct. 1 for the Energy Department to research and develop advanced technology vehicle and components.
That's a more than $200 million more than the current yearly vehicle research budget.
After authorizing funding, Congress must still separately allocate the funds. The Senate must also approve the authorization bill.
Rep. Gary Peters, D-Bloomfield Township, the lead sponsor of the bill, said the measure would lead to "faster development" of advanced technologies.
"It is no secret that the global economic crisis has had an absolutely devastating effect on the automobile industry," Peters said.
But he said it is essential for government to give automaker more financial support.
Read more:
http://www.detnews.com/article/20090916/AUTO01/909160374/House-OKs-green-vehicle-research-bill
Way to go Rep Peters.