Sen. Jeff Bingaman (D-NM) has introduced legislation to phase out older-style light bulbs and replace them with newer ones that burn just as brightly but use much less energy. When fully implemented, the switch to more efficient light bulbs will save Americans up to $6 billion a year in electricity costs.
“The Energy Efficient Lighting for a Brighter Tomorrow Act (S. 2017)   provides a reasonable process for light bulb manufacturers to plan   for and implement major changes,” Sen. Bingaman said.  “For 125   years, the has used the same old lighting technologies.  When fully   implemented, the new standard will save nearly as much energy as all   of the Federal appliance standards from 1987-2000.”    
Added Sen. Ted Stevens (R-AK), an original co-sponsor:  “Americans   have improved upon nearly all of Thomas Edison’s inventions, and this   legislation will encourage a new generation of innovators to advance   his greatest accomplishment, the light bulb.  I look forward to   working with Sen. Bingaman on getting this bill signed into law —   energy efficient lighting will save consumers billions in energy   costs and help reduce greenhouse gas emissions.  The next step is   looking at how to ensure these innovative new technologies are   manufactured by Americans.”    
Under Bingaman’s bill, beginning in 2012 and continuing through 2014,   the current 40-, 60-, 75- and 100-watt incandescent bulbs will be   phased out and replaced by lower wattage bulbs that produce   equivalent amounts of light.  By 2014, the traditional incandescent light bulbs found in   approximately 4 billion U.S. light sockets will be virtually   obsolete, their century-old technology replaced by newer technologies   such as LEDS (light emitting diodes), halogen incandescent bulbs,   compact fluorescent lamps and higher efficiency incandescent bulbs.    
When fully implemented, the new efficiency standards for incandescent   lighting will save 88 billion kilowatt hours of electricity per   year.  And, because light bulbs are replaced more often than large   appliances, the full savings from light bulb standards will be   realized much sooner than savings from longer lifetime   appliances.  While the newer bulbs cost more than the incandescent   bulbs, they last years longer.  As a result, consumers will see   significant savings on the costs to light their homes and businesses.    
Many of the provisions in the bill were negotiated between major   lighting manufacturers and efficiency advocates.   Philips Lighting   initiated the negotiations on phasing out inefficient incandescent   lamps, and Osram Sylvania and General Electric were actively engaged   in the process.  Several energy efficiency advocates also participated in the   negotiations, including the Alliance to Save Energy, the American   Council for an Energy Efficient Economy and the Natural Resources   Defense Council.    
Sen. Bingaman personally was involved in advancing the negotiations   at critical junctures, including several meetings and conversations   with key participants.  The House-passed energy bill includes similar   language on lighting, authored by Representatives Harman and Upton.