SEC. 
2. 
BIOREFINERY, 
RENEWABLE 
CHEMICAL, 
AND 
BIOBASED PRODUCT MANUFACTURING AS-
SISTANCE. 
Section 9003 of the Farm Security and Rural Invest-
ment Act of 2002 (7 U.S.C. 8103) is amended— 
(1) in subsection (a), in the matter preceding 
paragraph (1), by striking ‘‘to assist’’ and inserting 
‘‘to develop advanced biofuels (which, for purposes 
of this section, shall include ultra-low-carbon bioeth-
anol and zero-carbon bioethanol), renewable chemi-
cals, and biobased product manufacturing and as-
sist’’; 
(2) in subsection (b)(1)— 
(A) by striking ‘‘technologically new’’; and 
(B) by striking ‘‘end-user products’’ and 
inserting ‘‘end-user products, renewable chemi-
cals, and biobased products’’; 
(3) in subsection (c)— 
(A) by striking ‘‘The Secretary shall make 
available to eligible entities guarantees’’ and in-
serting the following: ‘‘Subject to the avail-
ability of funding, the Secretary shall make 
available to eligible entities— 
‘‘(1) on a year-round basis, guarantees’’; 
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(B) in paragraph (1) (as so designated), by 
striking the period at the end and inserting ‘‘, 
in accordance with subsection (d); and’’; and 
(C) by adding at the end the following: 
‘‘(2) grants, on a competitive basis, to develop, 
construct, or retrofit pilot or demonstration-scale 
biorefineries to demonstrate the commercial viability 
of 1 or more processes for converting renewable bio-
mass to advanced biofuels, renewable chemicals, and 
biobased products in accordance with subsection 
(e).’’; 
(4) in subsection (d)(1)— 
(A) by striking subparagraphs (A) and 
(C); 
(B) by redesignating subparagraphs (B) 
and (D) as subparagraphs (A) and (B), respec-
tively; 
(C) in subparagraph (A) (as so redesig-
nated)— 
(i) by striking ‘‘In approving a loan 
guarantee application’’ and inserting the 
following: 
‘‘(i) IN GENERAL.—In approving an 
application for a loan guarantee under sub-
section (c)(1)’’; and 
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(ii) by adding at the end the fol-
lowing: 
‘‘(ii) WAIVER.—The Secretary may 
waive the feasibility study under clause (i) 
for proven or otherwise commercially avail-
able technologies.’’; and 
(D) in subparagraph (B) (as so redesig-
nated), by striking ‘‘loan guarantee applica-
tions’’ and inserting ‘‘applications for loan 
guarantees under subsection (c)(1)’’; 
(5) by redesignating subsection (e) as sub-
section (k); 
(6) by inserting after subsection (d) the fol-
lowing: 
‘‘(e) GRANTS.— 
‘‘(1) SELECTION CRITERIA.— 
‘‘(A) IN GENERAL.—In approving applica-
tions for grants under subsection (c)(2), the 
Secretary shall establish a priority scoring sys-
tem that assigns priority scores to each applica-
tion and only approve applications that exceed 
a specified minimum score, as determined by 
the Secretary. 
‘‘(B) FEASIBILITY.— 
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‘‘(i) IN GENERAL.—In approving an 
application for a grant under subsection 
(c)(2), the Secretary shall determine the 
technical and economic feasibility of the 
project based on a feasibility study of the 
project described in the application con-
ducted by an independent third party. 
‘‘(ii) WAIVER.—The Secretary may 
waive the feasibility study under clause (i) 
for proven or otherwise commercially avail-
able technologies. 
‘‘(C) SCORING SYSTEM.—The priority scor-
ing system established under subparagraph (A) 
shall consider, with respect to a project pro-
posed in an application for a grant under sub-
section (c)(2)— 
‘‘(i) the potential market for the ad-
vanced biofuel, renewable chemical, or 
biobased product, and the byproducts pro-
duced under the project; 
‘‘(ii) the level of financial participation 
by the eligible entity, including support 
from non-Federal and private sources; 
‘‘(iii) whether the eligible entity is 
proposing to use— 
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‘‘(I) a feedstock not previously 
used in the production of advanced 
biofuels; or 
‘‘(II) a feedstock, process, or 
technology in an innovative manner in 
the production of renewable chemicals 
or biobased products; 
‘‘(iv) whether the eligible entity is pro-
posing to work with producer associations 
or cooperatives; 
‘‘(v) whether the eligible entity has es-
tablished that the adoption of the process 
proposed in the application will have a 
positive impact on resource conservation, 
public health, and the environment; 
‘‘(vi) the potential for rural economic 
development; 
‘‘(vii) whether the project can be rep-
licated; 
‘‘(viii) scalability for commercial use; 
and 
‘‘(ix) in the case of an advanced 
biofuels project, the contribution of the 
project to domestic energy security. 
‘‘(2) COST SHARING.— 
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‘‘(A) LIMITS.—The amount of a grant 
awarded under subsection (c)(2) shall not ex-
ceed an amount that is 60 percent of the cost 
of the project carried out using the grant. 
‘‘(B) NON-FEDERAL
SHARE.—The non- 
Federal share of the cost of a project may be 
provided in the form of cash or material, sub-
ject to the condition that the material provided 
does not exceed 30 percent of the non-Federal 
share.’’; 
(7) in subsection (g)— 
(A) in paragraph (1)— 
(i) in subparagraph (A)— 
(I) in the matter preceding clause 
(i), by inserting ‘‘and grants’’ after 
‘‘loan guarantees’’; 
(II) in clause (iii), by striking 
‘‘and’’ at the end; 
(III) in clause (iv), by striking 
the period at the end and inserting ‘‘; 
and’’; and 
(IV) by adding at the end the fol-
lowing: 
‘‘(v) $100,000,000 for each of fiscal 
years 2024 through 2028.’’; and 
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