Ethanol pipeline bill reintroduced

Feedstuffs
(2/26/2010)

Rep. Leonard Boswell, (D., Iowa), reintroduced legislation Thursday to provide loan guarantees for a dedicated renewable fuel pipeline from the Midwest to the rest of the country.

H.R. 4674 amends the loan guarantee program under the Energy Policy Act of 2005 to specifically qualify a renewable fuel pipeline as an eligible project, along with increasing the loan guarantee rate to 80%. The reintroduced legislation has been streamlined to help it more easily pass through committee and reach consideration on the House floor.

Boswell estimates construction of a pipeline would create 80,000 jobs and contribute $6.6 billion to the U.S. economy.

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