Thursday, January 18, 2007
House Democrats finish '100 hours' agenda by passing oil revenue bill
WASHINGTON (CNN) -- House Democrats brought their "100-hour" legislative agenda to a successful close Thursday evening with passage of legislation designed to force oil and gas companies to pay more royalties on some offshore leases and end subsidies and tax deductions they have been receiving amid record prices for crude.
The final vote on the bill -- the sixth of six items Democrats had vowed to pass in 100 hours of legislative action -- was 264 to 163, with 36 Republicans crossing the aisle to support the Democrat-sponsored bill.
The House finished work on all six measures in about 42 hours of floor time, less than half the limit set on their self-imposed clock. However, the legislation must still navigate the Senate, which tends to operate at a more leisurely pace, and could also face President Bush's veto pen.
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