Rep. James Lankford (R-Okla.), the chairman of a key energy policy subpanel, introduced legislation yesterday that would remove the corn ethanol requirement of the federal renewable fuel standard and mandate that all biofuels in the standard come from domestic sources. H.R. 4849, the "Phantom Fuels Elimination Act", would reverse the RFS's directive that oil companies blend a certain number of ethanol gallons in the fuel supply each year. Last year, that amount was 13.8 billion gallons. U.S. EPA is deliberating the final RFS volumes for 2014 after a controversial proposed rule in November lowered the mandate for ethanol for the first time since the RFS's inception.
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