[Congressional Record Volume 166, Number 42 (Tuesday, March 3, 2020)]
[Senate]
[Page S1441]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1473. Mr. INHOFE (for himself, Mr. Toomey, Mrs. Capito, and Mr. 
Cruz) submitted an amendment intended to be proposed to amendment SA 
1407 submitted by Ms. Murkowski and intended to be proposed to the bill 
S. 2657, to support innovation in advanced geothermal research and 
development, and for other purposes; which was ordered to lie on the 
table; as follows:

        At the appropriate place, insert the following:

     SEC. ___. RENEWABLE FUEL PROGRAM.

       (a) Sense of Congress.--It is the sense of Congress that 
     the Administrator of the Environmental Protection Agency has 
     the existing authority under the Clean Air Act (42 U.S.C. 
     7401 et seq.) to issue waiver credits to reduce the burden on 
     obligated parties under the renewable fuel program under 
     section 211(o) of that Act (42 U.S.C. 7545(o)).
       (b) Sale of Conventional Biofuel Credits.--Section 
     211(o)(7) of the Clean Air Act (42 U.S.C. 7545(o)(7)) is 
     amended--
       (1) by redesignating subparagraphs (E) and (F) as 
     subparagraphs (F) and (G), respectively; and
       (2) by inserting after subparagraph (D) the following:
       ``(E) Conventional biofuel.--
       ``(i) In general.--The Administrator shall make available 
     for sale to obligated parties conventional biofuel credits at 
     10 cents per gallon.
       ``(ii) Requirements.--The regulations promulgated to carry 
     out clause (i)--

       ``(I) shall ensure that the credits made available for sale 
     under that clause are available at any time; and
       ``(II) shall not limit the number of conventional biofuel 
     credits made available in any calendar year''.

       (c) Transfer of Revenue to Highway Trust Fund.--Section 
     9503(b) of the Internal Revenue Code of 1986 is amended by 
     redesignating paragraph (6) as paragraph (7) and by inserting 
     after paragraph (5) the following new paragraph:
       ``(6) Revenue from sale of conventional biofuel credits.--
     There are hereby appropriated to the Highway Trust Fund 
     amounts equivalent to the revenues received from sales 
     described in section 211(o)(7)(E) of the Clean Air Act.''.
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