It’s Time for Congressional Action to Address the Corn Ethanol Mandate
For immediate release:
22 Jun 2016
WASHINGTON, June 22, 2016 – We welcome today’s oversight hearing on the RFS in the House Subcommittee on Energy and Power. This spring the RFS Off the Menu coalition, via letter signed by some three dozen coalition members, asked Energy & Commerce Committee Chairman Upton and Ranking Member Pallone to revisit its review of the RFS, begun three years ago. We are pleased this task of oversight and review will be conducted by the subcommittee with jurisdiction over the RFS.
Proof of the RFS’ damaging effects – on the environment, on conservation, on consumers through engine damage and higher food costs – is apparent across the board. As food supply chain stakeholders we are especially concerned about the RFS mandate’s distortion of food commodity markets, which results in food cost volatility and a general upward price trend. These effects are troubling, and we want to ensure that policymakers keep them in mind as they consider solutions to fix the broken RFS statute. It’s important to remember that the feud over the RFS between the ethanol and fossil fuels industries are only part of the story. During its 10 years as law, the RFS has created an artificial demand for corn that drives up the prices of food commodities and makes it harder for small business owners to forecast their costs.
The corn ethanol mandate is a broken policy that should be repealed. Although today’s hearing is another step in the right direction, it will take more than a hearing to end the mandate. We encourage the members of this Subcommittee and their congressional colleagues to continue working toward common sense legislative solutions to rectify the numerous problems created by the flawed RFS statute.
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“RFS Off the Menu: Feed Food Fairness” is a food chain grassroots campaign focused on repealing the Renewable Fuel Standard (RFS) and the corn ethanol mandate. Coalition members have joined with Congressional allies to expose the harmful and costly economic effects of the RFS on small business chain restaurant owners and operators, American consumers and diners. To learn more visit www.RFSOfftheMenu.org.