Paul and Grassley looks to extend biodiesel tax credits in new legislation

In Washington, U.S. Senators Rand Paul of Kentucky and Chuck Grassley of Iowa introduced the Fuel Choice and Deregulation Act of 2019 (S.581), legislation that would remove burdensome regulations on domestic energy production.

“The Fuel Choice and Deregulation Act provides new economic opportunity for Kentucky farmers by allowing fuel producers and automobile manufacturers to innovate and bring new products to market that will lower costs for consumers, increase domestic energy production, and protect the environment,” Paul said. “If we want to ensure a strong future for Kentucky agriculture and the industry across the rest of the country, we must get burdensome government regulations out of the way and allow consumer choice and competition to spur economic growth and innovation.”

“The EPA has long imposed regulatory burdens that have prevented innovation in the fuel market and limited options for consumers across the country who would like to purchase alternative fuels like biofuels from Iowa,” Grassley said. “Allowing more consumer choice at the pump fits in well with President Trump’s deregulatory agenda. This bill would level the playing field by removing the EPA’s impediments to market competition and provide more access to cleaner, domestic renewable fuels.”