,,ii #aag? ,,congress #b;d ,session ,s4 #cghg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #h 7legislative day1 ,m>* #g71 #bjbb,ms4 ,ern/ 7= h]self1 ,ms4 ,klobu*>1 ,mr4 ,grassley1 ,ms4 ,duckwor?1 ,ms4 ,baldw91 ,mr4 ,m>%all1 & ,mrs4 ,fis*]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to prohibit ! importation ( petroleum & petroleum products f ! ,russian ,f$]ation1 to am5d ! ,int]nal ,rev5ue ,code ( #aihf to e/abli% an income tax cr$it = ! sale or bl5d+ ( c]ta9 fuels conta9+ e?anol & to ext5d tax inc5tives = biodiesel & r5ewable diesel1 to am5d ! ,clean ,air ,act ) respect to ! e?anol waiv] = ,reid vapor pressure limitations "u t ,act1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,home ,front ,en]gy ,indep5d5ce ,act4 #b4 ,prohibition on importation ( petroleum & petroleum products f ! ,russian ,f$]ation 7a7 ,prohibition ,! importation ( petroleum & petroleum products f ! ,russian ,f$]ation is prohibit$4 7b7 ,t]m9ation ,! prohibition "u subsection 7a7 %all t]m9ate on ! date on :i* ! ,presid5t det]m9es & reports to ,congress t ! ,gov]nm5t ( ! ,russian ,f$]ation recognizes ! sov]eignty & t]ritorial integrity ( ,ukra9e )9 its int]nationally recogniz$ bord]s1 ext5d+ to its t]ritorial wat]s4 7c7 ,effective date ,! prohibition "u subsection 7a7 applies ) respect to articles ent]$1 or )drawn f w>eh\se = consumption1 on or aft] ! date t is #ae days aft] ! date ( ! enactm5t ( ?is ,act4 #c4 ,cr$it = sale or bl5d+ ( e?anol fuels 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #de,u4 ,cr$it = sale or bl5d+ ( e?anol fuels 7a7 ,9 g5]al ,= purposes ( section #ch1 ! e?anol fuel cr$it det]m9$ "u ?is section = any taxable ye> is an am\nt equal to-- 7#a7 9 ! case ( an applicable taxpay] :i* is describ$ 9 subsection 7b77#a77;,a7-- 7,a7 = ea* gallon ( ,e#ae bl5d$ by su* taxpay]1 #e c5ts1 & 7,b7 = ea* gallon ( fuel bl5d$ by su* taxpay] :i* conta9s m ?an #ae volume p]c5t e?anol1 #aj c5ts1 & 7#b7 subject to subsection 7c71 9 ! case ( an applicable taxpay] :i* is describ$ 9 subsection 7b77#a77;,b7-- 7,a7 = ea* gallon ( ,e#ae sold by su* taxpay]1 #e c5ts1 & 7,b7 = ea* gallon ( fuel sold by su* taxpay] :i* conta9s m ?an #ae volume p]c5t e?anol1 #aj c5ts4 7b7 ,def9itions ,= purposes ( ?is section-- 7#a7 ,applicable taxpay] ,! t]m applicable taxpay] means-- 7,a7 an oxyg5ate bl5d] 7z def9$ 9 section #ajij4hj ( title #dj1 ,code ( ,f$]al ,regulations71 & 7,b7 a retail] 7z def9$ 9 p>agraph 7#g7 ( section #aja ( ! ,petroleum ,m>ket+ ,practices ,act 7#ae ,u4,s4,c4 #bhja774 7#b7 ,e#ae ,! t]m ,e#ae means gasol9e t conta9s m ?an #ac & no m ?an #ae volume p]c5t e?anol4 7c7 ,election 7#a7 ,9 g5]al 7,a7 ,election by oxyg5ate bl5d] ,subsection 7a77#a7 %all apply ) respect to any gallon ( fuel describ$ 9 su* subsection only if ! applicable taxpay] describ$ 9 subsection 7b77#a77;,a7 elects to h su* subsection apply ) respect to su* gallon ( fuel4 7,b7 ,notification ,! applicable taxpay] describ$ 9 subp>agraph 7,a7 %all provide notice ( _! election ) respect to any gallon ( fuel describ$ 9 su* subp>agraph to any applicable taxpay] describ$ 9 subsection 7b77#a77;,b7 to :i* su* fuel is sold1 ) su* notice to be provid$ on or be=e ! date ( su* sale4 7#b7 ,cr$it = retail] available only if n claim$ by oxyg5ate bl5d] ,subsection 7a77#b7 %all apply ) respect to any gallon ( fuel describ$ 9 su* subsection only if ! applicable taxpay] describ$ 9 subsection 7b77#a77;,a7 has n elect$ 7pursuant to p>agraph 7#a77 to apply subsection 7a77#a7 ) respect to su* gallon ( fuel4 7d7 ,refundable cr$it = small retail]s ,= purposes ( ?is title1 9 ! case ( a retail] ) n great] ?an #e retail locations at ! close ( ! taxable ye>1 ! cr$it all[$ "u subsection 7a77#b7 = su* taxable ye> %all be treat$ z a cr$it all[able "u subp>t ,c 7& n all[able "u ?is subp>t7 = su* taxable ye>4 7e7 ,transf] ( cr$it 7#a7 ,9 g5]al ,subject to su* regulations or o!r guidance z ! ,secret>y det]m9es necess>y or appropriate1 if1 ) respect to ! cr$it all[$ "u subsection 7a7 = any taxable ye>1 ! applicable taxpay] elects ! application ( ?is subsection = su* taxable ye> ) respect to all 7or any portion specifi$ 9 su* election7 ( su* cr$it1 ! eligible entity specifi$ 9 su* election1 & n ! applicable taxpay]1 %all be treat$ z ! taxpay] = purposes ( ?is title ) respect to su* cr$it 7or su* portion !re(74 7#b7 ,eligible entity ,= purposes ( ?is subsection1 ! t]m eligible entity means any p]son )9 ! supply *a9 = fuel describ$ 9 su* section 7a74 4 7b7 ,cr$it ,to be "p ( g5]al bus9ess cr$it ,subsection 7b7 ( section #ch ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ plus at ! end ( p>agraph 7#cb71 by /rik+ ! p]iod at ! end ( p>agraph 7#cc7 & ins]t+ 1 plus1 & by add+ at ! end ! foll[+ new p>agraph3 7#cd7 ! cr$it = sale or bl5d+ ( e?anol fuels "u section #de,u to :i* subsection 7d7 ( su* section does n apply4 4 7c7 ,con=m+ am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de,u4 ,cr$it = sale or bl5d+ ( e?anol fuels4 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to fuel bl5d$ or sold aft] ,decemb] #ca1 #bjba4 #d4 ,ext5sion ( tax inc5tives = biodiesel & r5ewable diesel 7a7 ,income tax cr$it 7#a7 ,9 g5]al ,section #dj;,a7g7 is am5d$ by /rik+ ,decemb] #ca1 #bjbb & ins]t+ ,decemb] #ca1 #bjbe4 7#b7 ,effective date ,! am5dm5t made by ?is subsection %all apply to fuel sold or us$ aft] ,decemb] #ca1 #bjbb4 7b7 ,excise tax inc5tives 7#a7 ,t]m9ation 7,a7 ,9 g5]al ,section #fdbf7;c77#f7 is am5d$ by /rik+ ,decemb] #ca1 #bjbb & ins]t+ ,decemb] #ca1 #bjbe4 7,b7 ,paym5ts ,section #fdbg7;e77#f77;,b7 is am5d$ by /rik+ ,decemb] #ca1 #bjbb & ins]t+ ,decemb] #ca1 #bjbe4 7#b7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to fuel sold or us$ aft] ,decemb] #ca1 #bjbb4 #e4 ,e?anol ,reid ,vapor ,pressure limitations & ,e#ae label+ 7a7 ,e?anol waiv] 7#a7 ,reid vapor pressure limitation ,section #baa7;h7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7;h77 is am5d$-- 7,a7 9 p>agraph 7#d7-- 7i7 9 ! matt] prec$+ subp>agraph 7,a71 by ins]t+ or m aft] #aj p]c5t2 & 7ii7 9 subp>agraph 7,c71 by /rik+ additional alcohol or2 & 7,b7 9 p>agraph 7#e77;,a71 by ins]t+ or m aft] #aj p]c5t4 7#b7 ,exi/+ waiv]s ,section #baa7;f77#d7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7;f77#d77 is am5d$-- 7,a7 by /rik+ ,! ,adm9i/rator1 ^u & ins]t+ ! foll[+3 7,a7 ,! ,adm9i/rator1 ^u 2 & 7,b7 by add+ at ! end ! foll[+3 7,b7 ,a fuel or fuel additive t has be5 grant$ a waiv] "u subp>agraph 7,a7 prior to ,janu>y #a1 #bjag1 & meets all ( ! conditions ( t waiv]1 o!r ?an ! waiv]'s limits = ,reid ,vapor ,pressure1 may be introduc$ into comm]ce if ! fuel or fuel additive meets all o!r applicable ,reid ,vapor ,pressure requirem5ts4 4 7b7 ,e#ae label+ requirem5ts ,section #baa7;c7 ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gede7;c77 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,revisions requir$ 7,a7 ,9 g5]al ,n lat] ?an #f mon?s aft] ! date ( enactm5t ( ?is p>agraph1 ! ,adm9i/rator %all-- 7i7 revise ! regulations ( ! ,adm9i/rator1 & any o!r label+ requirem5ts or conditions t ! ,adm9i/rator has adopt$ pursuant to ?is section1 to prescribe t retail]s %all label gasol9e t conta9s m ?an #aj p]c5t1 b n m ?an #ae p]c5t1 e?anol to h only ! foll[+ language3 ,conta9s no m ?an #ae e?anol42 & 7ii7 f9alize ! propos$ rule ( ! ,environm5tal ,protection ,ag5cy entitl$ ,e#ae ,fuel ,disp5s] ,label+ & ,compatibility ,) ,und]gr\nd ,/orage ,tanks 7#hf ,f$4 ,reg4 #ejid 7,janu>y #ai1 #bjba774 7,b7 ,waiv]s valid ,not)/&+ ! *ange 9 label+ requir$ by subp>agraph 7,a77i71 any waiv] grant$ to gasol9e t conta9s m ?an #aj p]c5t1 b n m ?an #ae p]c5t1 e?anol "u subsection 7f77#d7 be=e ! date ( enactm5t ( ?is p>agraph %all rema9 valid4 4 #f4 ,grants = exp&+ dome/ic bi(uel consumption ,title ,,ix ( ! ,f>m ,security & ,rural ,inve/m5t ,act ( #bjjb 7#g ,u4,s4,c4 #haja et seq47 is am5d$ by add+ at ! end ! foll[+3 #ijae4 ,bi(uel infra/ructure & agricultural product m>ket expansion grant program 7a7 ,def9ition ( eligible entity ,9 ?is section1 ! t]m eligible entity means-- 7#a7 a ,/ate or unit ( local gov]nm5t2 7#b7 a ,tribal gov]nm5t2 7#c7 an au?ority1 ag5cy1 p>tn]%ip1 or in/rum5tality ( an entity describ$ 9 p>agraph 7#a7 or 7#b72 & 7#d7 a gr\p ( entities describ$ 9 p>agraphs 7#a7 ?r\gh 7#c74 7b7 ,e/abli%m5t ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% a grant program to aw>d grants to eligible entities to c>ry out ! activities describ$ 9 subsection 7f74 7c7 ,purpose ,! purposes ( ! grant program e/abli%$ "u subsection 7b7 %all be-- 7#a7 to increase ! use ( dome/ic agricultural crops by exp&+ or aid+ 9 ! expansion ( dome/ic bi(uel m>kets2 7#b7 to aid 9 ! developm5t ( new & additional bi(uel m>kets1 m>ket+ facilities1 & uses = fe$/ock d]iv$ f agricultural crops & o!r biomass2 7#c7 to /abilize prices 9 agricultural m>kets by increas+ dem& = fe$/ock d]iv$ f agricultural crops2 7#d7 to boo/ dome/ic production & use ( bi(uels to promote rural economic developm5t & job creation2 & 7#e7 to support f>m income by increas+ dem& = fe$/ock use & production4 7d7 ,applications ,an eligible entity desir+ a grant "u ?is section %all submit to ! ,secret>y an application at ! "t1 9 ! mann]1 & conta9+ ! in=mation t ! ,secret>y may require4 7e7 ,eligibility crit]ia ,9 select+ an eligible entity to receive a grant "u ?is section1 ! ,secret>y %all consid] ! ext5t to :i* ! application ( ! eligible entity proposes-- 7#a7 to conv]t exi/+ pump infra/ructure to deliv] e?anol bl5ds ) great] ?an #aj p]c5t e?anol2 7#b7 to div]sify ! geographic area sell+ e?anol bl5ds ) great] ?an #aj p]c5t e?anol2 7#c7 to support exi/+ or em]g+ biodiesel1 bioheat1 & su/a9able aviation fuel m>kets t h exi/+ inc5tives2 7#d7 to increase ! use ( exi/+ fuel deliv]y infra/ructure2 7#e7 to enable or accel]ate ! deploym5t ( r5ewable fuel infra/ructure t w\ld be unlikely to be complet$ )\t ,f$]al assi/ance2 & 7#f7 to build & retr(it traditional & pipel9e biodiesel t]m9al op]ations 7includ+ rail l9es7 & home heat+ oil di/ribution c5t]s or equival5t entities-- 7,a7 to bl5d biodiesel2 & 7,b7 to c>ry e?anol & biodiesel4 7f7 ,eligible use ,an eligible entity t receives a grant "u ?is section may use ! grant funds-- 7#a7 to di/ribute to private or public entities = co/s relat$ to inc5tiviz+ deploym5t ( r5ewable fuel infra/ructure2 7#b7 to conv]t exi/+ pump infra/ructure to deliv] e?anol bl5ds great] ?an #aj p]c5t & biodiesel bl5ds great] ?an #bj p]c5t2 7#c7 to in/all fuel pumps & relat$ infra/ructure d$icat$ to ! di/ribution ( high] e?anol bl5ds 7includ+ ,e#ae & ,e#he7 & high] biodiesel bl5ds up to ,b#ajj at fuel+ locations1 includ+-- 7,a7 local fuel+ /ations2 7,b7 conv5i5ce /ores2 7,c7 hyp]m>ket fuel+ /ations2 & 7,d7 fleet facilities or simil> entities2 & 7#d7 to build & retr(it traditional & pipel9e biodiesel t]m9al op]ations 7includ+ rail l9es7 & home heat+ oil di/ribution c5t]s or equival5t entities-- 7,a7 to bl5d biodiesel2 & 7,b7 to c>ry e?anol & biodiesel4 7g7 ,c]tification requirem5t ,any infra/ructure us$ or in/all$ ) grant funds provid$ "u ?is section %all be c]tifi$ by ! ,und]writ]s ,laboratory z infra/ructure t di/ributes bl5ds ) an e?anol cont5t ( #be p]c5t or great]4 7h7 ,fund+ 7#a7 ,f$]al %>e ,! ,f$]al %>e ( ! total co/ ( c>ry+ out a project aw>d$ a grant "u ?is section %all n exce$ #ge p]c5t4 7#b7 ,maximum p]c5tage = c]ta9 activities ,an eligible entity receiv+ a grant "u ?is section %all ensure t ,f$]al funds d n exce$-- 7,a7 #ge p]c5t ( ! p] pump co/ =-- 7i7 pumps t c disp5se a range ( e?anol bl5ds ( ,e#he or l[] 7new pumps or retr(it ( exi/+ pumps72 & 7ii7 d$icat$ ,e#ae or ,e#he pumps 7new pumps or retr(it ( exi/+ pumps72 7,b7 #ej p]c5t ( ! t]m9al co/ = t]m9als ) ,b#ajj capabilities2 or 7,c7 #dj p]c5t ( ! p] tank co/ = new /orage tanks & relat$ equipm5t associat$ ) new facilities or additional capacity o!r ?an replacem5t ( exi/+ /orage tanks & relat$ equipm5t associat$ ) exi/+ facilities4 7i7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section #ajj1jjj1jjj = ea* ( fiscal ye>s #bjbb ?r\gh #bjca4 4