Sens. Chuck Grassley (R-IA) and Amy Klobuchar (D-MN), together with Joni Ernst (R-IA) and Tammy Duckworth (D-IL), this week led bipartisan colleagues in reintroducing the Next Generation Fuels Act, legislation that would leverage higher-octane fuels to improve engine efficiency and performance.
“Instead of continuing to buy more oil from foreign adversaries, we should be increasing the use of ethanol made by biofuel producers right here in the United States. The Next Generation Fuels Act would help put America back on the path to energy independence while easing the pain at the pump. It’s good for consumers, good for farmers and biofuel producers, and good for the environment. This is the right approach to energy policy, and I’m proud to work with my colleagues to reintroduce this bill,” Grassley said.
“I’ve long pushed for investments in readily-available, domestically-produced biofuels, which are good for drivers and farmers alike,” Klobuchar said. “By allowing the use of higher biofuel blends in our fuel supply, our bipartisan legislation will benefit our economy, decrease prices at the pump, and reduce our dependence on foreign oil.”
Renewable Fuels Association (RFA) President and CEO Geoff Cooper said, “Americans will continue to rely on liquid fuels and internal combustion engines for decades to come, and this legislation will ensure drivers have access to more efficient high-octane, low-carbon, lower-cost fuels for their vehicles well into the future. We look forward to working with clean fuel supporters in both chambers of Congress to turn this bold vision into a reality.”
“Enactment of the clean fuel performance-based §45Z tax credit late last year in the Inflation Reduction Act enables ethanol and other clean fuel producers the opportunity to obtain a tax credit based on their unique carbon intensity score,” said American Coalition for Ethanol CEO Brian Jennings. “Enactment of the Next Generation Fuels Act would complement that tax credit by helping lower pump prices while enabling greater engine efficiency and biofuel demand, and we look froward to promoting the legislation during our fly-in next week.”