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Grassley pushes for biofuels assistance in next coronavirus relief bill
Iowa Senator Chuck Grassley says he and his Iowa colleague Joni Ernst are pushing for assistance to ethanol producers as the Senate works on another coronavirus aid package this week.
“Senator Ernst and I are going to try to get something in there that would subsidize feedstock to the ethanol industry,” Grassley says. “I think what’s going to make our appeal credible, besides just the loss that ethanol has had and that it didn’t get any help last time, is if petroleum gets some help—or if we can show that petroleum has already gotten some help through what was put in the strategic petroleum reserve.”
Grassley’s plan would reimburse biofuels producers for their feedstock purchases from January 1st to March 31st through the Commodity Credit Corporation. That’s different from the biofuels assistance program in the House-passed bill, which is based on a per gallon payment to biofuels producers.
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