‘‘(viii) fuel derived from biological 
processing of carbon captured from— 
‘‘(I) an industrial source that 
would otherwise be released into the 
atmosphere; or 
‘‘(II) air capture.’’; 
(2) in paragraph (4), by inserting ‘‘, except 
food or feed from algae or biological capture and 
reuse of carbon’’ after ‘‘other than food or feed’’; 
(3) in paragraph (12), by striking ‘‘or forestry 
materials’’ and inserting ‘‘, forestry materials, or 
fuel derived from biological processing of carbon 
captured from an industrial source that would other-
wise be released into the atmosphere or air capture’’; 
and 
(4) in paragraph (13)(B)(ii)— 
(A) in subclause (III), by striking ‘‘and’’ at 
the end; 
(B) in subclause (IV), by striking the pe-
riod at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(V) fuel derived from biological 
processing of carbon captured from— 
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‘‘(aa) an industrial source 
that would otherwise be released 
into the atmosphere; or 
‘‘(bb) air capture.’’. 
(b) BIOBASED MARKETS PROGRAM.—Section 9002 
of the Farm Security and Rural Investment Act of 2002 
(7 U.S.C. 8102) is amended by adding at the end the fol-
lowing: 
‘‘(k) BIOBASED CONTENT
FOR RECYCLED CAR-
BON.—Not later than 1 year after the date of the enact-
ment of this Act, the Secretary shall establish biobased 
content methodology for products from biologically recy-
cled carbon that provides full credit for carbon content 
from biological processing of carbon captured from— 
‘‘(1) an industrial source that would otherwise 
be released into the atmosphere; or 
‘‘(2) air capture.’’. 
(c) BIOREFINERY, RENEWABLE
CHEMICAL, AND 
BIOBASED PRODUCT MANUFACTURING ASSISTANCE.— 
Section 9003 of the Farm Security and Rural Investment 
Act of 2002 (7 U.S.C. 8103) is amended in subsection 
(b)(3)— 
(1) in subparagraph (A), by striking ‘‘and’’ at 
the end and inserting ‘‘or’’; and 
(2) in subparagraph (B)— 
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(A) by inserting ‘‘renewable chemical or 
biobased product’’ before ‘‘technology’’; and 
(B) by striking ‘‘biorefinery that produces 
an advanced biofuel.’’ and inserting ‘‘bio-
refinery.’’. 
(d) BIOMASS CROP ASSISTANCE PROGRAM.—Section 
9011(a)(6)(C) of the Farm Security and Rural Investment 
Act of 2002 (7 U.S.C. 8111(a)(6)(C)) is amended— 
(1) by striking subsection (iv); and 
(2) by redesignating subsections (v) through 
(vii) as subsections (iv) through (vi), respectively. 
SEC. 9. ASSISTANCE FOR ALGAE PRODUCTION. 
(a) ELIGIBILITY OF ALGAE FOR NONINSURED CROP 
DISASTER ASSISTANCE PROGRAM.—Section 196(a)(2)(B) 
of the Federal Agriculture Improvement and Reform Act 
of 1996 (7 U.S.C. 7333(a)(2)(B)) is amended by inserting 
‘‘algae (including microalgae and macroalgae),’’ after 
‘‘biomass sorghum,’’. 
(b) RESEARCH AND DEVELOPMENT PRIORITIES.— 
Section 522(c) of the Federal Crop Insurance Act (7 
U.S.C. 1522(c)) is amended— 
(1) in paragraph (6), by inserting ‘‘algae (in-
cluding microalgae and macroalgae),’’ after ‘‘includ-
ing,’’; 
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(2) by redesignating paragraph (24) as para-
graph (25); and 
(3) by inserting after paragraph (23) the fol-
lowing: 
‘‘(24) ALGAE INSURANCE POLICIES.— 
‘‘(A) IN GENERAL.—The Corporation shall 
offer to enter into 1 or more contracts with 
qualified entities to carry out research and de-
velopment regarding a policy to insure algae 
(including microalgae and macroalgae) that is 
grown for the production of food, feed, renew-
able biofuel, biobased products, or other pur-
poses. 
‘‘(B) RESEARCH
AND
DEVELOPMENT.— 
Research and development with respect to the 
policy required under subparagraph (A) shall 
evaluate the effectiveness of risk management 
tools for the production of algae (including 
microalgae and macroalgae), including policies 
and plans of insurance that— 
‘‘(i) are based on market prices and 
yields; 
‘‘(ii) to the extent that insufficient 
data exist to develop a policy based on 
market prices and yields, evaluate the poli-
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cies and plans of insurance based on other 
factors determined by the Secretary; and 
‘‘(iii) provide protection for production 
or revenue losses, or both.’’. 
Æ 
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