Senate bill introduced to kill corn-ethanol mandate - Trade Only Today

Senate bill introduced to kill corn-ethanol mandate

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U.S. Sens. Dianne Feinstein, D-Calif., and Pat Toomey, R-Pa., introduced the Corn Ethanol Mandate Elimination Act of 2015, which would eliminate only the corn ethanol mandate portion of the Renewable Fuel Standard.

Although the bill, which was introduced Thursday, does not specifically cap E10, which the marine industry supports, passage would gut the main driver of higher ethanol — corn.

The National Marine Manufacturers Association applauds the bipartisan move by Toomey and Feinstein as they work to address the Renewable Fuel Standard.

“The RFS is a broken law, which sets unrealistic fuel mandates and requires a long-term fix from Congress,” the NMMA said in a statement.

The bill is in addition to U.S. Rep. Bob Goodlatte's Renewable Fuel Standard Elimination Act (H.R. 1461) and the Renewable Fuel Standard Reform Act (H.R. 1462).

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