Safeguarding Domestic Energy Production and Independence Act of 2023

Bill: 118-s-2242
Sponsor: full_name: Sen. Casey, Robert P., Jr. [D-PA]
Introduced: 2023-07-11
Policy area: Energy
Subjects: Agricultural conservation and pollution

Alternative and renewable resources

Motor fuels

Wildlife conservation and habitat protection
Latest action: action_date: 2023-07-11
text: Read twice and referred to the Committee on Environment and Public Works.

Summaries:

tv_txt: II 118th CONGRESS 1st Session S. 2242 IN THE SENATE OF THE UNITED STATES July 11, 2023 Mr. Casey (for himself and Mr. Coons ) introduced the following bill; which was read twice and referred to the Committee on Environment and Public Works A BILL To amend the Clean Air Act to require the Administrator of the Environmental Protection Agency to make available for sale renewable fuel credits, and for other purposes.

1. Short title This Act may be cited as the Safeguarding Domestic Energy Production and Independence Act of 2023 . 2. Renewable fuel cost containment credits Section 211(o)(7) of the Clean Air Act ( 42 U.S.C. 7545(o)(7) ) is amended by adding at the end the following: (G) Conventional biofuel (i) Conventional biofuel waiver credits (I) In general The Administrator shall make available for sale renewable fuel credits to any person with a renewable volume obligation under paragraph (2) at a price of not more than $0.20 per credit. (II) Adjustments for inflation As determined appropriate by the Administrator, the price referred to in subclause (I) shall be adjusted for inflation. (ii) Use of credits A renewable fuel credit sold under this paragraph— (I) shall only be used for the purpose of complying with the requirement under paragraph (2) for the year for which the credit was sold; and (II) may not— (aa) be resold or transferred to another person; or (bb) be used to fulfill the cellulosic biofuel, biomass-based diesel, or advanced biofuel requirements under paragraph (2). (iii) Use of revenues Revenues from the sale of renewable fuel credits under this subparagraph shall be allocated in accordance with the following: (I) 1/3 shall be made available to the Administrator to provide grants and technical assistance to any person with a renewable volume obligation under paragraph (2) and partners of those persons for purposes of supporting investments in advanced biofuels. (II) 1/3 shall be made available to the Secretary of Agriculture to provide financial and technical assistance to agricultural producers for voluntary investments in alternative crops and diversified cropping systems. (III) 1/3 shall be deposited into the Habitat and Wildlife Restoration Fund established by clause (iv)(I). (iv) Habitat and Wildlife Restoration Fund (I) Establishment There is established in the Treasury a fund, to be known as the Habitat and Wildlife Restoration Fund (referred to in this subparagraph as the Fund ). (II) Amounts The Fund shall consist of— (aa) amounts deposited in the Fund under clause (iii)(III); and (bb) any amounts appropriated to the Fund. (III) Uses (aa) In general Amounts in the Fund shall be available, without further appropriation, to the Secretary of the Interior, acting in consultation with the Secretary of Agriculture, for existing programs, the purposes of which are to protect, conserve, or restore the types of habitat and wildlife that are most impacted by the conversion of native habitat to crop production, including grasslands, wetlands, forests, and adjacent waterways in areas that have experienced significant expansion of corn and soy production since January 1, 2007. (bb) Agreement The Secretary of the Interior and the Secretary of Agriculture shall jointly enter into an agreement with the National Fish and Wildlife Foundation to cooperatively manage amounts in the Fund in accordance with the National Fish and Wildlife Foundation Establishment Act ( 16 U.S.C. 3701 et seq. ). .