HR 4576
Safeguarding Domestic Energy Production and Independence Act of 2023
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Bill overview
This bill amends the Clean Air Act to ensure renewable fuel credits are available for sale at a capped price of $0.20 per credit to entities with renewable volume obligations. It establishes a system for selling these credits, preventing their resale or use beyond compliance with specific biofuel requirements. Furthermore, the bill directs revenue generated from the sale of these credits to support investments in advanced biofuels, assist agricultural producers, and restore habitat impacted by crop expansion.
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