U.S. Hispanic Chamber of Commerce Applauds Signing of Nationwide Fuel Economy Program...

U.S. Hispanic Chamber of Commerce Applauds Signing of Nationwide Fuel Economy Program Bill



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Washington, DC–(HISPANIC PR WIRE)–December 19, 2007–The United States Hispanic Chamber of Commerce (USHCC), the largest national advocate for over 2.5 million Hispanic-owned businesses, is thrilled at today’s signing of the legislative agreement on a nationwide fuel economy program. President Bush signed the bill this morning after the legislation passed yesterday in the House of Representatives by a vote of 314 to 100.

“Many of the Hispanic small businesses that we represent, such as those in the construction and supply industries, depend greatly on the operation of light trucks for the effective functioning of their businesses,” said David C. Lizárraga, USHCC Board Chair. “We commend the members of the Congressional Hispanic Caucus for recognizing the importance of this issue and supporting the Hispanic business community in this endeavor.”

In the effort to deal with rising prices for oil and gasoline, lawmakers considered various proposals that would increase the mandatory minimum fuel economy standards, or CAFÉ, as abbreviated in legislation. This is measured by an average of how many miles a vehicle can travel per gallon of gasoline in highway and urban settings. Several proposals emerged with competing visions of the regulation, but Congressional leaders announced a compromise agreement on November 30th that reconciled those differing proposals.

The USHCC played a key role among business and Hispanic leaders to urge passage of this agreement. Earlier this month, USHCC President and CEO Michael L. Barrera sent a letter to Congress pushing for Congressional approval of CAFÉ. The letter was used by Representative Hilda L. Solis (D-CA), Chair of the Congressional Hispanic Caucus Task Force on Health and the Environment, and Representative Raul M. Grijalva (D-AZ) to promote the fuel economy agreement.

“The USHCC believes in the need to promote the long term sustainability of auto manufacturing in the United States and enthusiastically supports this agreement that balances energy security and the needs of our economy” said Michael L. Barrera, USHCC President and CEO. “We are thankful to both Representatives Solis and Grijalva for their leadership and support on this important effort.”

About the United States Chamber of Commerce

Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of more than 2.5 million Hispanic-owned businesses in the United States that generate more than $380 billion annually. It also serves as the umbrella organization for 200 local Hispanic chambers in the United States, Puerto Rico, Canada, Mexico, Bolivia and Uruguay.

Note to editors: If you are interested in viewing additional information about the U.S. Hispanic Chamber of Commerce, please visit the USHCC Web page at http://www.ushcc.com/about on USHCC’s information pages. Web links, telephone numbers and titles were correct at time of release, but may have since changed. For additional assistance, journalists and analysts may contact USHCC’s Communications Team or other appropriate contacts listed at http://www.ushcc.com/contact.html.

U.S. Hispanic Chamber of Commerce Applauds Signing of Nationwide Fuel Economy Program Bill