,,ii  #aaith ,,congress  #ast ,session  
,s4 #fib  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #bd1      
#bjbe,ms4 ,hirono introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to modify the   
clean fuel production credit to provide 
a special rate for sustainable vessel   
fuel4  #a4 ,short title ,this ,act may  
be cited as the ,sustainable ,vessel    
,fuel ,act4  #b4 ,special rate under    
clean fuel production credit for        
sustainable vessel fuel  7a7 ,in general
 ,section #de,z7a77#c7 of the ,internal 
,revenue ,code of #aihf is amended--    
7#a7 in the heading1 by inserting and   
sustainable vessel fuel after           
sustainable aviation fuel1  7#b7 in     
subparagraph 7,a71 by inserting or      
sustainable vessel fuel after           
sustainable aviation fuel1 and  7#c7 in 
subparagraph 7,b71 by striking this     
subparagraph 7,a7 and inserting this    

section4  7b7 ,inclusion as             
transportation fuel ,section            
#de,z7d77#e7 of the ,internal ,revenue  
,code of #aihf is amended-- 7#a7 by     
redesignating subparagraph 7,b7 as      
subparagraph 7,c71 and  7#b7 by         
inserting after subparagraph 7,a7 the   
following new subparagraph3  7,b7       
,sustainable vessel fuel  7i7 ,in       
general ,the term transportation fuel   
shall include sustainable vessel fuel   
which satisfies the requirement under   
subparagraph 7,a77iii74  7ii7           
,definition ,the term sustainable vessel
 fuel means liquid fuel which-- 7,i7 is 
suitable for use as a fuel in a         
commercial vessel or ferry 7as such     
terms are defined in section            
#ddfb7;a77#d77 and is sold for such use1
  7,,ii7 is not derived from palm fatty 
acid distillates or petroleum1  7,,iii7 
as determined pursuant to subsection    
7b77#a71 has an emissions rate of zero1 
and  7,,iv7 satisfies the requirements  
of any standards which have been        

identified by the ,secretary pursuant to
 clause 7iii74  7iii7 ,standards ,the   
,secretary shall identify any standards 
as are established by the ,american     
,society for ,testing and ,materials 7or
 similar standards organization7 with   
respect to liquid fuel described in     
subclauses 7,i7 through 7,,iii7 of      
clause 7ii7 which the ,secretary        
determines appropriate to carry out the 
purposes of this subparagraph4  4  7c7  
,termination ,section #de,z7g7 of the   
,internal ,revenue ,code of #aihf is    
amended by inserting 7or1 in the case of
 transportation fuel which is           
sustainable vessel fuel1 ,december #ca1 
#bjce7 after ,december #ca1 #bjbg4  7d7 
,effective date ,the amendments made by 
this section shall apply to fuel        
produced after ,december #ca1 #bjbe4