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House RFS Reform Leaders Respond to CBO Report

U.S. Representatives Bob Goodlatte (VA-6), Jim Costa (CA-16), Peter Welch (VT-AL), and Steve Womack (AR-3) released the following statement today in response to the Congressional Budget Office’s (CBO) report, The Renewable Fuel Standard: Issues for 2014 and Beyond:

“The report released by the Congressional Budget Office confirms what a bipartisan majority in Congress already know – we must reform the Renewable Fuel Standard.  The report underscores the hardship that full implementation of the RFS would have on everyday Americans and the unfeasibility of reaching the full mandate by 2022.  EPA has stated it faces statutory challenges and inflexibilities in the law when implementing and reducing the Renewable Fuel Standard.  This is highlighted by the fact that over six months into the calendar year, EPA has still yet to finalize renewable fuel obligations for 2014.  It is vital that Congress provide a legislative fix to the RFS.  Congress created this artificial ethanol market that is distorting the food and feed market, and Congress must provide relief from its unintended consequences.”  

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