Bill introduced to change the RFS
Republican Representatives Bob Goodlatte of Virginia and Steve Womack of Arkansas and Democrats Jim Costa of California and Peter Welch of Vermont have introduced legislation to reform the Renewable Fuels Standard. The lawmakers say they want to ease concerns created by the ethanol mandate for consumers, livestock producers, food retailers and the U.S. economy. Basically the bill would eliminate the biofuels mandate beginning in 2014 and rescind the 15 percent ethanol blend requirement. The National Pork Producers Council, National Cattlemen’s Beef Association and National Chicken Council are urging Congress to reform the mandate.
The Renewable Fuels Association president and CEO Bob Dineen says the bill guts the only program that has successfully lowered our dependence on foreign oil and reduced the consumer price of gasoline. Dineen charges the bill does nothing to end the billions in subsidies to the oil industry and “restores Big Oil’s monopoly.”
In addition, Congressman Womack and Representative John Garamendi, Democrat of California introduced a separate bill which would solely take corn out of the RFS.
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