Grassley: Delayed Rules Stall Biodiesel Markets

Iowa Senator Chuck Grassley is urging federal agencies to expedite the implementation of long-delayed biofuel rules, stating that continued uncertainty is harming farmers and biodiesel producers. Grassley points to pending guidance from the Treasury Department on the 45Z Clean Fuel Production Tax Credit. “We’re still waiting for important rules affecting farmers and biofuel producers to be issued,” Grassley said. “Farmers are already making decisions for next year, like buying seed and fertilizer; the final rule from Treasury could impact those decisions.” Grassley wants action. “Delaying these rules means delaying markets for farmers, idling more fuel production, and prolonging uncertainty for rural investors.”