The average price for gasoline has risen 14 cents in just the past month, and prices are expected to continue to climb. As the Wall Street Journal reports, experts predict the rising price of oil will threaten America's economic recovery. Faced with higher prices at the pump, American families will be forced to cut back on discretionary spending, delivering a major blow to other sectors of the economy like the travel and restaurant industries.
As Oil Prices Rise, House Considers Legislation to Increase North American Energy Supplies and Bring Down Prices at The PumpFebruary 16, 2012 | Press Release
Committee Strikes Accord With White House on Solyndra Interviews, White House Will Cooperate and Allow Key Solyndra Players to TalkFebruary 16, 2012 | Press Release
WASHINGTON, DC - The Subcommittee on Oversight and Investigations announced a key development this afternoon in its ongoing investigation of the $535 million loan guarantee to now-bankrupt Solyndra. Late this afternoon, the White House and OMB agreed to cooperate and allow the key staff to speak to committee investigators. The OMB personnel have already scheduled the meetings and the White House has pledged to make the relevant personnel available to committee investigators.
Upton Applauds House Passage of Legislation to Develop American Energy, Say Yes to Jobs with the Keystone XL PipelineFebruary 16, 2012 | Press Release
WASHINGTON, DC - House Energy and Commerce Committee Chairman Fred Upton (R-MI) today issued the following statement applauding the passage of H.R. 3408. Included in the legislation is a provision from the Energy and Commerce Committee requiring swift approval of the job-creating Keystone XL pipeline.
WASHINGTON, DC - U.S. House Energy and Commerce Committee Chairman Fred Upton (R-MI) this afternoon joined all of his colleagues in the House, and a majority of Senate conferees, to support of the agreement reached on temporary payroll tax relief, a patch to the broken Medicare physician payment system, extension and reform of unemployment benefits, and vital job creation measures achieved through spectrum reform. Upton is one of 20 bipartisan negotiators from the House and Senate who worked on the package. He issued the following statement:
WASHINGTON, DC - U.S. House Energy and Commerce Committee Chairman Fred Upton (R-MI) and Communications and Technology Subcommittee Chairman Greg Walden (R-OR) today praised the inclusion of key spectrum reforms in legislation to extend payroll tax relief and address other key issues. Upton and Walden were two of 20 negotiators working on the conference committee, where they made spectrum reform a top priority because of its potential to create jobs, spur innovation and economic investment, and support public safety, all while maintaining strong protections for taxpayers.
WASHINGTON, DC - The House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade, chaired by Rep. Mary Bono Mack (R-CA), today held a hearing entitled, "Where the Jobs Are: Employment Trends and Analysis." Today's hearing was the first in a series of hearings the subcommittee will hold this year to examine employment trends and explore ways to stimulate job creation and bring jobs back to America.