Six US Senators sponsor bill to reduce ethanol tariff, make Brazilian ethanol more affordable

In Washington, six senators from both parties introduced legislation to reduce the ethanol tariff from 54 cents per gallon to 45 cents, to achieve parity with the recent reduction in the ethanol blender’s credit. The blender credit for first-generation fuels was reduced from 51 cents to 45 cents. One of the bill’s sponsors, Sen. Diane Feinstein, said that the high ethanol tariff limits Brazilian ethanol imports and encourages the use of gasoline. Feinstein (D-CA), Judd Gregg (R-NH), Jeff Bingaman (D-NM), Susan Collins (R-ME), Maria Cantwell (D-WA) and Mel Martinez (R-FL.) are sponsors of the bill.

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