,,ii #aai? ,,congress #a/ ,session ,s4 #bdfg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #bd1 #bjbe ,ms4 ,klobu*> 7= h]self & ,mr4 ,moran7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,agriculture1 ,nutrition1 & ,=e/ry ,a ,,bill ,to am5d ! ,f>m ,security & ,rural ,inve/m5t ,act ( #bjjb to improve bioref9]y1 r5ewable *emical1 & biobas$ product manufactur+ assi/ance1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,agricultural ,bioref9]y ,innovation & ,opportunity ,act ( #bjbe4 #b4 ,bioref9]y1 r5ewable *emical1 & biobas$ product manufactur+ assi/ance ,section #ijjc ( ! ,f>m ,security & ,rural ,inve/m5t ,act ( #bjjb 7#g ,u4,s4,c4 #hajc7 is am5d$-- 7#a7 9 subsection 7a71 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ to assi/ & ins]t+ to develop advanc$ bi(uels 7:i*1 = purposes ( ?is section1 %all include ultra-l[-c>bon bioe?anol & z]o-c>bon bioe?anol71 r5ewable *emicals1 & biobas$ product manufactur+ & assi/2 7#b7 9 subsection 7b77#a7-- 7,a7 by /rik+ te*nologically new2 & 7,b7 by /rik+ end-us] products & ins]t+ end-us] products1 r5ewable *emicals1 & biobas$ products2 7#c7 9 subsection 7c7-- 7,a7 by /rik+ ,! ,secret>y %all make available to eligible entities gu>antees & ins]t+ ! foll[+3 ,subject to ! availability ( fund+1 ! ,secret>y %all make available to eligible entities-- 7#a7 on a ye>-r\nd basis1 gu>antees 2 7,b7 9 p>agraph 7#a7 7z s designat$71 by /rik+ ! p]iod at ! end & ins]t+ 1 9 accordance ) subsection 7d72 &2 & 7,c7 by add+ at ! end ! foll[+3 7#b7 grants1 on a competitive basis1 to develop1 con/ruct1 or retr(it pilot or demon/ration-scale bioref9]ies to demon/rate ! comm]cial viability ( #a or m processes = conv]t+ r5ewable biomass to advanc$ bi(uels1 r5ewable *emicals1 & biobas$ products 9 accordance ) subsection 7e74 2 7#d7 9 subsection 7d7-- 7,a7 9 p>agraph 7#a7-- 7i7 by /rik+ subp>agraphs 7,a7 & 7,c72 7ii7 by r$esignat+ subp>agraphs 7,b7 & 7,d7 z subp>agraphs 7,a7 & 7,b71 respectively2 7iii7 9 subp>agraph 7,a7 7z s r$esignat$7-- 7,i7 by /rik+ ,9 approv+ a loan gu>antee application & ins]t+ ! foll[+3 7i7 ,9 g5]al ,9 approv+ an application = a loan gu>antee "u subsection 7c77#a7 2 & 7,,ii7 by add+ at ! end ! foll[+3 7ii7 ,waiv] ,! ,secret>y may waive ! feasibility /udy "u clause 7i7 = prov5 or o!rwise comm]cially available te*nologies4 2 & 7iv7 9 subp>agraph 7,b7 7z s r$esignat$71 by /rik+ loan gu>antee applications & ins]t+ applications = loan gu>antees "u subsection 7c77#a72 & 7,b7 9 p>agraph 7#b7-- 7i7 9 subp>agraph 7,a71 by /rik+ #bej1jjj1jjj & ins]t+ #aj p]c5t ( ! total am\nt made available "u subsection 7g7 = ! fiscal ye> 9 :i* ! loan is gu>ante$22 & 7ii7 by /rik+ subsection 7c7 ea* place x appe>s & ins]t+ subsection 7c77#a72 7#e7 by r$esignat+ subsection 7e7 z subsection 7k72 7#f7 by ins]t+ aft] subsection 7d7 ! foll[+3 7e7 ,grants 7#a7 ,selection crit]ia 7,a7 ,9 g5]al ,9 approv+ applications = grants "u subsection 7c77#b71 ! ,secret>y %all e/abli% a priority scor+ sy/em t assigns priority scores to ea* application & only approve applications t exce$ a specifi$ m9imum score1 z det]m9$ by ! ,secret>y4 7,b7 ,feasibility 7i7 ,9 g5]al ,9 approv+ an application = a grant "u subsection 7c77#b71 ! ,secret>y %all det]m9e ! te*nical & economic feasibility ( ! project bas$ on a feasibility /udy ( ! project describ$ 9 ! application conduct$ by an indep5d5t ?ird p>ty4 7ii7 ,waiv] ,! ,secret>y may waive ! feasibility /udy "u clause 7i7 = prov5 or o!rwise comm]cially available te*nologies4 7,c7 ,scor+ sy/em ,! priority scor+ sy/em e/abli%$ "u subp>agraph 7,a7 %all consid]1 ) respect to a project propos$ 9 an application = a grant "u subsection 7c77#b7-- 7i7 ! pot5tial m>ket = ! advanc$ bi(uel1 r5ewable *emical1 or biobas$ product1 & ! byproducts produc$ "u ! project2 7ii7 ! level ( f9ancial p>ticipation by ! eligible entity1 includ+ support f non-,f$]al & private s\rces2 7iii7 :e!r ! eligible entity is propos+ to use-- 7,i7 a fe$/ock n previ\sly us$ 9 ! production ( advanc$ bi(uels2 or 7,,ii7 a fe$/ock1 process1 or te*nology 9 an innovative mann] 9 ! production ( r5ewable *emicals or biobas$ products2 7iv7 :e!r ! eligible entity is propos+ to "w ) produc] associations or coop]atives2 7v7 :e!r ! eligible entity has e/abli%$ t ! adoption ( ! process propos$ 9 ! application w h a positive impact on res\rce cons]vation1 public heal?1 & ! environm5t2 7vi7 ! pot5tial = rural economic developm5t2 7vii7 :e!r ! project c be replicat$2 7viii7 scalability = comm]cial use2 & 7ix7 9 ! case ( an advanc$ bi(uels project1 ! contribution ( ! project to dome/ic en]gy security4 7#b7 ,co/ %>+ 7,a7 ,limits ,! am\nt ( a grant aw>d$ "u subsection 7c77#b7 %all n exce$ an am\nt t is #fj p]c5t ( ! co/ ( ! project c>ri$ out us+ ! grant4 7,b7 ,non-,f$]al %>e ,! non-,f$]al %>e ( ! co/ ( a project may be provid$ 9 ! =m ( ca% or mat]ial1 subject to ! condition t ! mat]ial provid$ does n exce$ #cj p]c5t ( ! non-,f$]al %>e4 2 7#g7 9 subsection 7g7-- 7,a7 9 p>agraph 7#a7-- 7i7 9 subp>agraph 7,a7-- 7,i7 9 ! matt] prec$+ clause 7i71 by ins]t+ & grants aft] loan gu>antees2 7,,ii7 9 clause 7iii71 by /rik+ & at ! end2 7,,iii7 9 clause 7iv71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,,iv7 by add+ at ! end ! foll[+3 7v7 #dj1jjj1jjj = ea* ( fiscal ye>s #bjbe ?r\gh #bjbi4 2 & 7ii7 9 subp>agraph 7,b71 by /rik+ ,( ! total & all t foll[s ?r\gh subp>agraph 7,a7 & ins]t+ ,( ! total am\nt ( funds made available = ea* ( fiscal ye>s #bjbe ?r\gh #bjbi "u subp>agraph 7,a72 & 7,b7 9 p>agraph 7#b71 by /rik+ #bjbc & ins]t+ #bjbi2 7#h7 9 subsection 7h77#a71 by /rik+ subsections 7a7 ?r\gh 7e71 & 7g7 & ins]t+ subsections 7a7 ?r\gh 7e71 7g71 & 7k72 7#i7 9 subsection 7i77#a71 by /rik+ subsections 7a7 ?r\gh 7e7 & subsection 7g7 & ins]t+ subsections 7a7 ?r\gh 7e71 7g71 & 7k72 & 7#aj7 9 subsection 7j77#a71 by /rik+ subsections 7a7 ?r\gh 7e7 & 7g7 & ins]t+ subsections 7a7 ?r\gh 7e71 7g71 & 7k74