Bill Summary
This legislation, known as the "Renewable Fuel Feedstock Reimbursement Act of 2020," aims to direct the Secretary of Agriculture to establish a program that will reimburse eligible entities for purchasing renewable biomass intended for use in producing renewable fuel. The program will be funded by the Commodity Credit Corporation and will provide payments to eligible entities for purchases made between January 1, 2020 and March 31, 2020. The amount of the payment will be 75% of the purchase price of the feedstock. Eligible entities must enter into an agreement with the Secretary and provide proof of their purchases to receive the payment. The Secretary is required to submit a report to Congress on the payments made and will also be responsible for establishing regulations for the program. These regulations will be exempt from certain administrative procedures to ensure the timely implementation of the program.
Possible Impacts
1. The Renewable Fuel Feedstock Reimbursement Act of 2020 could provide financial support for eligible entities, such as renewable fuel producers, by reimbursing them for the cost of purchasing eligible feedstocks. This could potentially benefit individuals who work for or own such entities, as well as the broader renewable energy industry.
2. The Act could also lead to an increase in the production of renewable fuels, which may have a positive impact on the environment and reduce dependence on non-renewable resources. This could benefit people by potentially improving air quality and promoting sustainability.
3. The Act may have an impact on the price of transportation fuel, as eligible entities are required to use renewable fuel as transportation fuel. This could affect individuals who rely on transportation for their daily activities, such as commuting to work or school. They may see a decrease in fuel prices, but also potentially an increase in the cost of transportation if the production of renewable fuels is not cost-effective.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3756 Introduced in Senate (IS)]
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116th CONGRESS
2d Session
S. 3756
To direct the Secretary of Agriculture to establish a renewable fuel
feedstock reimbursement program.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
May 19, 2020
Mr. Grassley (for himself and Ms. Klobuchar) introduced the following
bill; which was read twice and referred to the Committee on
Agriculture, Nutrition, and Forestry
_______________________________________________________________________
A BILL
To direct the Secretary of Agriculture to establish a renewable fuel
feedstock reimbursement program.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Renewable Fuel Feedstock
Reimbursement Act of 2020''.
SEC. 2. RENEWABLE FUEL FEEDSTOCK REIMBURSEMENT PROGRAM.
(a) Definitions.--In this section:
(1) Eligible entity.--The term ``eligible entity'' means an
entity that produces renewable fuel used as transportation fuel
(as those terms are defined in section 211(o)(1) of the Clean
Air Act (42 U.S.C. 7545(o)(1))).
(2) Eligible feedstock.--The term ``eligible feedstock''
means renewable biomass described in section 211(o)(1)(I)(i) of
the Clean Air Act (42 U.S.C. 7545(o)(1)(I)(i)) that is intended
to be used to produce the renewable fuel described in paragraph
(1).
(3) Secretary.--The term ``Secretary'' means the Secretary
of Agriculture.
(b) Establishment of Program.--Notwithstanding any other provision
of law, the Secretary shall use such sums as are necessary of the funds
of the Commodity Credit Corporation to carry out a program to provide
payments to eligible entities to reimburse the eligible entities for
purchases of eligible feedstocks that were made during the period
beginning on January 1, 2020, and ending on March 31, 2020.
(c) Payment Amount.--The amount of a payment under subsection (b)
shall be an amount equal to 75 percent of the purchase price of
eligible feedstock paid by an eligible entity.
(d) Proof of Cost.--The Secretary shall determine the documentation
that an eligible entity shall provide to the Secretary to demonstrate
the purchase price and quantity of eligible feedstock purchased by the
eligible entity to receive a payment under subsection (b).
(e) Agreements.--To be eligible to receive a payment under
subsection (b), an eligible entity shall enter into an agreement with
the Secretary, as determined by the Secretary.
(f) Report.--Not later than 180 days after the date of enactment of
this Act, the Secretary shall submit to the Committee on Agriculture,
Nutrition, and Forestry of the Senate and the Committee on Agriculture
of the House of Representatives a report on the payments made under
subsection (b), including an identification of each eligible entity
that received a payment and the amount received.
(g) Regulations.--
(1) In general.--Not later than 30 days after the date of
enactment of this Act, the Secretary shall promulgate such
regulations as are necessary to carry out the program
established under subsection (b).
(2) Procedure.--The promulgation of the regulations and
administration of the program established under subsection (b)
shall be made without regard to--
(A) the notice and comment provisions of section
553 of title 5, United States Code;
(B) chapter 35 of title 44, United States Code
(commonly known as the ``Paperwork Reduction Act''); or
(C) the Statement of Policy of the Secretary of
Agriculture (36 Fed. Reg. 13804 (July 24, 1971))
relating to notices of proposed rulemaking and public
participation in rulemaking.
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