Fuels Parity Act
Summary
The Fuels Parity Act (H.R. 3337) would amend the Clean Air Act to allow corn starch-based ethanol to be classified as an "advanced biofuel" under the federal Renewable Fuel Standard. Currently, corn starch is specifically excluded from this category, but this bill would remove that restriction if the fuel meets the required 50% reduction in greenhouse gas emissions compared to gasoline.
Additionally, the bill requires the Environmental Protection Agency (EPA) to update its methods for calculating the environmental impact of biofuels every five years using the most recent scientific models from the Department of Energy. For citizens, this could expand the market for domestic corn-based fuels and potentially lower carbon emissions by incentivizing more efficient production methods in the American agriculture and energy sectors.
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