Senate Bill Introduced to Repeal EPA’s Ethanol Mandate

A bipartisan bill (S.1195) has been introduced in the Senate to repeal the Renewable Fuel Standard (RFS) program that originated with the Energy Policy Act of 2005 and was expanded and extended by the Energy Independence and Security Act of 2007.  The standard requires that EPA, each year, set levels of ethanol to be blended into the U.S. fuel supply.  Supporters of the repeal believe that the RFS is broken and has increased food and fuel prices.  Opponents argue that the repeal would give oil and gas companies an unfair advantage over the fuel market.