Independence from Oil with Agriculture Act of 2006

H.R. 5208, the Independence from Oil with Agriculture Act of 2006, seeks to reduce national reliance on petroleum by permanently extending tax credits for renewable energy sources, including wind power and biofuels like ethanol and biodiesel. The bill also proposes to increase the federal requirements for the amount of renewable fuel that must be blended into the nation’s gasoline supply over several years. For citizens, these changes would likely result in a wider availability of alternative fuels at gas stations and provide long-term financial incentives for the domestic production of clean energy.