Biobased and Renewable Products News: Capitol Hill

July 14, 2017
Bipartisan Renewable Chemicals Bill Introduced In The House
On June 29, 2017, Representatives Bill Pascrell (D-NJ), Ryan Costello (R-PA), Brian Fitzpatrick (R-PA), and Linda Sánchez (D-CA) introduced the Renewable Chemicals Act of 2017 to the House.  If enacted, the legislation would create a targeted, short-term tax credit for the production of qualifying renewable chemicals from biomass and for investments in renewable chemical production facilities.  The tax credit would be provided based on job creation, innovation, environmental benefits, commercial viability, and contribution to U.S. energy independence.  Numerous industry ... read more >
June 30, 2017
NBB Meets With Congress On Biodiesel Tax Incentive
On June 20, 2017, the National Biodiesel Board (NBB) announced that nearly 100 biodiesel advocates from across the country visited Capitol Hill to urge Congress to bring back the biodiesel tax incentive as proposed in both chambers of Congress.  Industry participants consisted of biodiesel producers, distributors, and feedstock suppliers from over 24 states.  According to Anne Steckel, the Vice President of Federal Affairs at NBB, the bipartisan biodiesel tax incentive should be reinstated since it helps support tens of thousands of jobs nationwide and the proposed reforms address ... read more >
June 23, 2017
Biofuel Industry Sends Letter On RVP To Senate Environment And Public Works Committee
On June 12, 2017, 28 companies representing the advanced and cellulosic biofuel industry sent a letter to the members of the Senate Environment and Public Works Committee  requesting their support for the Consumer and Fuel Retailer Choice Act (S. 517), which is scheduled to be marked up in the Environment and Public Works Committee before the August recess.  The letter claims that the Act, which would extend the Reid Vapor Pressure (RVP) waiver to ethanol blends above 10 percent, is vital to the advanced biofuel industry since it would allow E15, a more environmentally-friendly and ... read more >
June 9, 2017
Neste Issues A Statement On The U.S. Withdrawal From The Paris Agreement
On June 2, 2017, Neste, a member of the Biobased and Renewable Products Advocacy Group (BRAG®), released a statement in response to the decision by President Trump to withdraw the U.S from the Paris Agreement.  According to Neste, the U.S. withdrawal is “unfortunate” and “a saddening turn for the international battle against climate change.”  The decision, however, will not signal the downfall of the Agreement, which has been ratified by 147 of the 197 countries that signed it.  The statement highlights the fact that no changes have been made to the ... read more >
June 2, 2017
Trump Releases Proposed Budget For FY 2018
On May 23, 2017, President Trump released the Administration’s proposed budget for fiscal year (FY) 2018, which includes significant cuts to the U.S. Department of Energy (DOE), U.S. Environmental Protection Agency (EPA), and U.S. Department of Agriculture (USDA) budgets.  According to the proposed budget, funding for DOE would be cut by 5.6 percent to $28 billion, with $636 million allotted for the Office of Energy Efficiency and Renewable Energy (EERE) and $56.6 million for the Bioenergy Technologies Office (BETO).  The proposed DOE budget aims to eliminate the Advanced ... read more >
June 2, 2017
DOC Announces Renewable Energy Advisory Committee Meeting
On May 30, 2017, the U.S. Department of Commerce’s (DOC) International Trade Association announced in the Federal Register a public meeting of the Renewable Energy and Energy Efficiency Advisory Committee (REEEAC).  The meeting will take place in Washington, D.C. on July 27, 2017.  REEEAC is focused on export promotion for the renewable energy and energy efficiency sectors.  During the meeting, REEEAC will discuss next steps for each sub-committee, consider recommendations for approval, and hear from officials from DOC and other agencies on major issues impacting the ... read more >
May 19, 2017
Senators Send SEC, EPA, Letter On Renewable Fuel Credit Market
On May 9, 2017, Senator Elizabeth Warren (D-MA), along with seven additional Democratic Senators, sent a letter to the Securities and Exchange Commission (SEC), the U.S. Environmental Protection Agency (EPA), and the Commodities Futures Trading Commission (CFTC) requesting an investigation into the activities of Carl Icahn for potential insider trading, market manipulation, and other securities and commodities law violations in the renewable fuel credit market.  The letter states that the actions of and the massive profit earned by Icahn raise questions related to conflict-of-interest ... read more >
May 12, 2017
Senate Finance Committee Introduces Clean Energy For America Act
On May 5, 2017, Senator Ron Wyden (D-OR) introduced to the Senate Finance Committee legislation focused on reducing carbon pollution over the next decade by incentivizing clean energy and promoting new technologies in the private sector.  The Clean Energy for America Act, which was co-sponsored by 21 Democratic Senators, provides a simplified set of long-term, performance-based energy tax incentives to promote clean energy production and storage.  The legislation would create a technology-neutral incentive for the domestic production of renewable transportation fuels based on the ... read more >
May 5, 2017
Bipartisan Bill Introduced To Reform The Biodiesel Tax Credit
On April 26, 2017, a bipartisan bill was introduced in the U.S. Senate to reform the biodiesel tax credit and extend the new policy for three years.  The American Renewable Fuel and Job Creation Act of 2017, which was sponsored by Senator Chuck Grassley (R-IA), Senator Maria Cantwell (D-WA), and 14 other senators, transfers the $1 gallon tax credit from the blenders to the producers of biofuels to ensure that it incentivizes domestic production.  The bill also provides an additional $0.10 gallon credit for small biodiesel producers in the United States.  According to a ... read more >
April 21, 2017
DOC Initiates Biodiesel Antidumping, Countervailing Investigation
On April 13, 2017, the U.S. Department of Commerce (DOC) announced that it was formally initiating antidumping (AD) and countervailing duty (CVD) investigations of biodiesel imports from Argentina and Indonesia.  The decision follows a petition filed by the National Biodiesel Board Fair Trade Coalition, as reported in the Biobased and Renewable Products Advocacy Group (BRAG®) blog post “National Biodiesel Board Fair Trade Coalition Files Antidumping, Countervailing Duty Petition.”  The National Biodiesel Board and U.S. biodiesel producers also provided testimony to ... read more >
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