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Biofuel Credit Sales Fund Conservation and Farmer Crop Diversification.

This law establishes a system for selling low-cost renewable fuel credits to fuel companies, helping them meet environmental mandates and potentially stabilizing fuel costs. Revenue generated from these sales is split three ways: funding advanced biofuel development, providing financial aid to farmers for alternative crops, and establishing a fund for wildlife habitat restoration. Citizens benefit from investments in environmental protection and potentially more stable fuel prices.
Key points
Fuel companies can buy conventional biofuel credits at a low price (max $0.20 per credit) to meet renewable fuel obligations.
One-third of the revenue supports farmers financially and technically to invest in alternative and diversified cropping systems.
A new Habitat and Wildlife Restoration Fund is created to protect areas (like grasslands and wetlands) impacted by corn and soy expansion since 2007.
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Expired
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Additional Information
Print number: 118_HR_4576
Sponsor: Rep. Fitzpatrick, Brian K. [R-PA-1]
Process start date: 2023-07-12
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Safeguarding Domestic Energy Production and Independence Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4576.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-12.

What are the main provisions?

Key points include:

  • Fuel companies can buy conventional biofuel credits at a low price (max $0.20 per credit) to meet renewable fuel obligations.
  • One-third of the revenue supports farmers financially and technically to invest in alternative and diversified cropping systems.
  • A new Habitat and Wildlife Restoration Fund is created to protect areas (like grasslands and wetlands) impacted by corn and soy expansion since 2007.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Fitzpatrick, Brian K. [R-PA-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Conservation, Research, and Biotechnology.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Environment Agriculture