Date: February 5, 2021

Subject: Lowering Oil Refining Costs by Capping an Ethanol Subsidy Scheme

Description: Cruz (R-TX) amendment to the congressional budget which would provide the oil refinery industry nearly $15 billion in regulatory relief by placing a 10-cent cap on RINs which are part of a scheme to subsidize the ethanol industry. Under the crony Renewable Fuel Standard, refineries are forced to blend their gasoline with a certain amount of ethanol or purchase RIN credits which in recent years have surged to as much as $1.12 under the scheme. ACU opposes ethanol fuel mandates which cause significant damage to older vehicles and small engines due to ethanol's corrosive properties, and opposes driving up refinery costs to enrich a government-favored industry.

Result: Amendment Rejected, 26-74

Democrat: 1 Yeas, 47 Nays, 0 Not voting
Republican: 25 Yeas, 25 Nays, 0 Not voting
Independent: 0 Yeas, 2 Nays, 0 Not voting

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