,,ii #aagth ,,congress #b;d ,session ,s4 #cghg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #h 7legislative day1 ,march #g71 #bjbb,ms4 ,ernst 7for herself1 ,ms4 ,klobuchar1 ,mr4 ,grassley1 ,ms4 ,duckworth1 ,ms4 ,baldwin1 ,mr4 ,marshall1 and ,mrs4 ,fischer7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to prohibit the importation of petroleum and petroleum products from the ,russian ,federation1 to amend the ,internal ,revenue ,code of #aihf to establish an income tax credit for the sale or blending of certain fuels containing ethanol and to extend tax incentives for biodiesel and renewable diesel1 to amend the ,clean ,air ,act with respect to the ethanol waiver for ,reid vapor pressure limitations under that ,act1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,home ,front ,energy ,independence ,act4 #b4 ,prohibition on importation of petroleum and petroleum products from the ,russian ,federation 7a7 ,prohibition ,the importation of petroleum and petroleum products from the ,russian ,federation is prohibited4 7b7 ,termination ,the prohibition under subsection 7a7 shall terminate on the date on which the ,president determines and reports to ,congress that the ,government of the ,russian ,federation recognizes the sovereignty and territorial integrity of ,ukraine within its internationally recognized borders1 extending to its territorial waters4 7c7 ,effective date ,the prohibition under subsection 7a7 applies with respect to articles entered1 or withdrawn from warehouse for consumption1 on or after the date that is #ae days after the date of the enactment of this ,act4 #c4 ,credit for sale or blending of ethanol fuels 7a7 ,in general ,subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #de,u4 ,credit for sale or blending of ethanol fuels 7a7 ,in general ,for purposes of section #ch1 the ethanol fuel credit determined under this section for any taxable year is an amount equal to-- 7#a7 in the case of an applicable taxpayer which is described in subsection 7b77#a77;,a7-- 7,a7 for each gallon of ,e#ae blended by such taxpayer1 #e cents1 and 7,b7 for each gallon of fuel blended by such taxpayer which contains more than #ae volume percent ethanol1 #aj cents1 and 7#b7 subject to subsection 7c71 in the case of an applicable taxpayer which is described in subsection 7b77#a77;,b7-- 7,a7 for each gallon of ,e#ae sold by such taxpayer1 #e cents1 and 7,b7 for each gallon of fuel sold by such taxpayer which contains more than #ae volume percent ethanol1 #aj cents4 7b7 ,definitions ,for purposes of this section-- 7#a7 ,applicable taxpayer ,the term applicable taxpayer means-- 7,a7 an oxygenate blender 7as defined in section #ajij4hj of title #dj1 ,code of ,federal ,regulations71 and 7,b7 a retailer 7as defined in paragraph 7#g7 of section #aja of the ,petroleum ,marketing ,practices ,act 7#ae ,u4,s4,c4 #bhja774 7#b7 ,e#ae ,the term ,e#ae means gasoline that contains more than #ac and no more than #ae volume percent ethanol4 7c7 ,election 7#a7 ,in general 7,a7 ,election by oxygenate blender ,subsection 7a77#a7 shall apply with respect to any gallon of fuel described in such subsection only if the applicable taxpayer described in subsection 7b77#a77;,a7 elects to have such subsection apply with respect to such gallon of fuel4 7,b7 ,notification ,the applicable taxpayer described in subparagraph 7,a7 shall provide notice of their election with respect to any gallon of fuel described in such subparagraph to any applicable taxpayer described in subsection 7b77#a77;,b7 to which such fuel is sold1 with such notice to be provided on or before the date of such sale4 7#b7 ,credit for retailer available only if not claimed by oxygenate blender ,subsection 7a77#b7 shall apply with respect to any gallon of fuel described in such subsection only if the applicable taxpayer described in subsection 7b77#a77;,a7 has not elected 7pursuant to paragraph 7#a77 to apply subsection 7a77#a7 with respect to such gallon of fuel4 7d7 ,refundable credit for small retailers ,for purposes of this title1 in the case of a retailer with not greater than #e retail locations at the close of the taxable year1 the credit allowed under subsection 7a77#b7 for such taxable year shall be treated as a credit allowable under subpart ,c 7and not allowable under this subpart7 for such taxable year4 7e7 ,transfer of credit 7#a7 ,in general ,subject to such regulations or other guidance as the ,secretary determines necessary or appropriate1 if1 with respect to the credit allowed under subsection 7a7 for any taxable year1 the applicable taxpayer elects the application of this subsection for such taxable year with respect to all 7or any portion specified in such election7 of such credit1 the eligible entity specified in such election1 and not the applicable taxpayer1 shall be treated as the taxpayer for purposes of this title with respect to such credit 7or such portion thereof74 7#b7 ,eligible entity ,for purposes of this subsection1 the term eligible entity means any person within the supply chain for fuel described in such section 7a74 4 7b7 ,credit ,to be part of general business credit ,subsection 7b7 of section #ch of the ,internal ,revenue ,code of #aihf is amended by striking plus at the end of paragraph 7#cb71 by striking the period at the end of paragraph 7#cc7 and inserting 1 plus1 and by adding at the end the following new paragraph3 7#cd7 the credit for sale or blending of ethanol fuels under section #de,u to which subsection 7d7 of such section does not apply4 4 7c7 ,conforming amendment ,the table of sections for subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new item3 ,sec4 #de,u4 ,credit for sale or blending of ethanol fuels4 4 7d7 ,effective date ,the amendments made by this section shall apply to fuel blended or sold after ,december #ca1 #bjba4 #d4 ,extension of tax incentives for biodiesel and renewable diesel 7a7 ,income tax credit 7#a7 ,in general ,section #dj;,a7g7 is amended by striking ,december #ca1 #bjbb and inserting ,december #ca1 #bjbe4 7#b7 ,effective date ,the amendment made by this subsection shall apply to fuel sold or used after ,december #ca1 #bjbb4 7b7 ,excise tax incentives 7#a7 ,termination 7,a7 ,in general ,section #fdbf7;c77#f7 is amended by striking ,december #ca1 #bjbb and inserting ,december #ca1 #bjbe4 7,b7 ,payments ,section #fdbg7;e77#f77;,b7 is amended by striking ,december #ca1 #bjbb and inserting ,december #ca1 #bjbe4 7#b7 ,effective date ,the amendments made by this subsection shall apply to fuel sold or used after ,december #ca1 #bjbb4 #e4 ,ethanol ,reid ,vapor ,pressure limitations and ,e#ae labeling 7a7 ,ethanol waiver 7#a7 ,reid vapor pressure limitation ,section #baa7;h7 of the ,clean ,air ,act 7#db ,u4,s4,c4 #gede7;h77 is amended-- 7,a7 in paragraph 7#d7-- 7i7 in the matter preceding subparagraph 7,a71 by inserting or more after #aj percent2 and 7ii7 in subparagraph 7,c71 by striking additional alcohol or2 and 7,b7 in paragraph 7#e77;,a71 by inserting or more after #aj percent4 7#b7 ,existing waivers ,section #baa7;f77#d7 of the ,clean ,air ,act 7#db ,u4,s4,c4 #gede7;f77#d77 is amended-- 7,a7 by striking ,the ,administrator1 upon and inserting the following3 7,a7 ,the ,administrator1 upon 2 and 7,b7 by adding at the end the following3 7,b7 ,a fuel or fuel additive that has been granted a waiver under subparagraph 7,a7 prior to ,january #a1 #bjag1 and meets all of the conditions of that waiver1 other than the waiver's limits for ,reid ,vapor ,pressure1 may be introduced into commerce if the fuel or fuel additive meets all other applicable ,reid ,vapor ,pressure requirements4 4 7b7 ,e#ae labeling requirements ,section #baa7;c7 of the ,clean ,air ,act 7#db ,u4,s4,c4 #gede7;c77 is amended by adding at the end the following3 7#e7 ,revisions required 7,a7 ,in general ,not later than #f months after the date of enactment of this paragraph1 the ,administrator shall-- 7i7 revise the regulations of the ,administrator1 and any other labeling requirements or conditions that the ,administrator has adopted pursuant to this section1 to prescribe that retailers shall label gasoline that contains more than #aj percent1 but not more than #ae percent1 ethanol to have only the following language3 ,contains no more than #ae ethanol42 and 7ii7 finalize the proposed rule of the ,environmental ,protection ,agency entitled ,e#ae ,fuel ,dispenser ,labeling and ,compatibility ,with ,underground ,storage ,tanks 7#hf ,fed4 ,reg4 #ejid 7,january #ai1 #bjba774 7,b7 ,waivers valid ,notwithstanding the change in labeling required by subparagraph 7,a77i71 any waiver granted to gasoline that contains more than #aj percent1 but not more than #ae percent1 ethanol under subsection 7f77#d7 before the date of enactment of this paragraph shall remain valid4 4 #f4 ,grants for expanding domestic biofuel consumption ,title ,,ix of the ,farm ,security and ,rural ,investment ,act of #bjjb 7#g ,u4,s4,c4 #haja et seq47 is amended by adding at the end the following3 #ijae4 ,biofuel infrastructure and agricultural product market expansion grant program 7a7 ,definition of eligible entity ,in this section1 the term eligible entity means-- 7#a7 a ,state or unit of local government2 7#b7 a ,tribal government2 7#c7 an authority1 agency1 partnership1 or instrumentality of an entity described in paragraph 7#a7 or 7#b72 and 7#d7 a group of entities described in paragraphs 7#a7 through 7#c74 7b7 ,establishment ,not later than #a year after the date of enactment of this section1 the ,secretary shall establish a grant program to award grants to eligible entities to carry out the activities described in subsection 7f74 7c7 ,purpose ,the purposes of the grant program established under subsection 7b7 shall be-- 7#a7 to increase the use of domestic agricultural crops by expanding or aiding in the expansion of domestic biofuel markets2 7#b7 to aid in the development of new and additional biofuel markets1 marketing facilities1 and uses for feedstock derived from agricultural crops and other biomass2 7#c7 to stabilize prices in agricultural markets by increasing demand for feedstock derived from agricultural crops2 7#d7 to boost domestic production and use of biofuels to promote rural economic development and job creation2 and 7#e7 to support farm income by increasing demand for feedstock use and production4 7d7 ,applications ,an eligible entity desiring a grant under this section shall submit to the ,secretary an application at the time1 in the manner1 and containing the information that the ,secretary may require4 7e7 ,eligibility criteria ,in selecting an eligible entity to receive a grant under this section1 the ,secretary shall consider the extent to which the application of the eligible entity proposes-- 7#a7 to convert existing pump infrastructure to deliver ethanol blends with greater than #aj percent ethanol2 7#b7 to diversify the geographic area selling ethanol blends with greater than #aj percent ethanol2 7#c7 to support existing or emerging biodiesel1 bioheat1 and sustainable aviation fuel markets that have existing incentives2 7#d7 to increase the use of existing fuel delivery infrastructure2 7#e7 to enable or accelerate the deployment of renewable fuel infrastructure that would be unlikely to be completed without ,federal assistance2 and 7#f7 to build and retrofit traditional and pipeline biodiesel terminal operations 7including rail lines7 and home heating oil distribution centers or equivalent entities-- 7,a7 to blend biodiesel2 and 7,b7 to carry ethanol and biodiesel4 7f7 ,eligible use ,an eligible entity that receives a grant under this section may use the grant funds-- 7#a7 to distribute to private or public entities for costs related to incentivizing deployment of renewable fuel infrastructure2 7#b7 to convert existing pump infrastructure to deliver ethanol blends greater than #aj percent and biodiesel blends greater than #bj percent2 7#c7 to install fuel pumps and related infrastructure dedicated to the distribution of higher ethanol blends 7including ,e#ae and ,e#he7 and higher biodiesel blends up to ,b#ajj at fueling locations1 including-- 7,a7 local fueling stations2 7,b7 convenience stores2 7,c7 hypermarket fueling stations2 and 7,d7 fleet facilities or similar entities2 and 7#d7 to build and retrofit traditional and pipeline biodiesel terminal operations 7including rail lines7 and home heating oil distribution centers or equivalent entities-- 7,a7 to blend biodiesel2 and 7,b7 to carry ethanol and biodiesel4 7g7 ,certification requirement ,any infrastructure used or installed with grant funds provided under this section shall be certified by the ,underwriters ,laboratory as infrastructure that distributes blends with an ethanol content of #be percent or greater4 7h7 ,funding 7#a7 ,federal share ,the ,federal share of the total cost of carrying out a project awarded a grant under this section shall not exceed #ge percent4 7#b7 ,maximum percentage for certain activities ,an eligible entity receiving a grant under this section shall ensure that ,federal funds do not exceed-- 7,a7 #ge percent of the per pump cost for-- 7i7 pumps that can dispense a range of ethanol blends of ,e#he or lower 7new pumps or retrofit of existing pumps72 and 7ii7 dedicated ,e#ae or ,e#he pumps 7new pumps or retrofit of existing pumps72 7,b7 #ej percent of the terminal cost for terminals with ,b#ajj capabilities2 or 7,c7 #dj percent of the per tank cost for new storage tanks and related equipment associated with new facilities or additional capacity other than replacement of existing storage tanks and related equipment associated with existing facilities4 7i7 ,authorization of appropriations ,there is authorized to be appropriated to the ,secretary to carry out this section #ajj1jjj1jjj for each of fiscal years #bjbb through #bjca4 4