SB+47

SB 47- SMANDAVA, AGUASTELLA, CNOWAK =__**Preserve the Fuel Reserves!**__ =

**__Purpose:__** To set a minimum Miles Per Gallon level for cars produced by American automakers. Some of the effects of our bill include-

 * ======A tank of gas will give more mileage for less.======
 * ======U.S. Citizens will save money by using less gas.======
 * ======Preserve the World's oil reserves.======
 * ======Reduce dependence on foreign oil.======
 * ======Reduce carbon emissions.======
 * Give back business to U.S. automakers who have lost their business to the foreign automakers because of the appeal of improved MPG levels to the American public.

__**Eligibility:**__ In order to be eligible for this bill, The company must be-
 * An American Auto Maker.
 * The companies' finances will be reviewed by a economic specialist who must deem that the company has a projected profit in three years based on the bill's effect.

__**Terms and Benefits:**__
 * Their limit will last until 2015 when a new limit will be enforced based on the changing times.
 * The company must be deemed to be financially secure in three years by a federal finance inspector.
 * The limit will be 24 MPG for trucks, minivans, vans, and SUV's, and 33 MPG for smaller passenger cars like sedans.
 * They will be subjected to an annual inspection to make sure they are following MPG regulations.
 * If they continue to follow our regulations for two years, they will receive a .5% tax decrease.
 * For every two automobiles the company produces with 45 miles per gallon, the company receives a .5% tax decrease
 * For every automobile our inspector finds does not fit regulations, there is a .5% tax increase.
 * If after three years of this limit, the company takes a big loss, there will be an incentive in the form of a loan to be decided then.
 * If a person has a car that does not fit these regulations, they are allowed to keep it as long as they desire.

__**Fiscal Impact:**__
 * Labor- 3,094,000
 * Transportation- 200,000
 * Total- 3,294,000

`This financial statement lasts for the total duration of the bill as it is in effect.