Comments Below: 4
[1]
The administration's energy bill has been passed by the house with a narrow majority, and it could change the way American industry does business.
Chattanooga congressman Zach Wamp opposed the bill.
He and other republicans have said that, in its present form it will do damage to many companies by forcing them to install expensive new equipment during a recession.
Wamp says it's not a done deal...but a final bill could affect every household.
Rep. Zach Wamp\(R) Tennessee:
"I don't think the senate will actually pass a bill until sometime in the fall, but if between now and the end of the year..we get a bill that's close to the house bill, then you better hold onto your wallet, because electric rates are going to skyrocket..and that word was used by President Obama. "
Congressman Wamp spoke to a Better Business Bureau awards luncheon on Monday.
[2]