Budzinski Pushes Treasury to Give Biofuels Producers the Regulatory Certainty They Deserve
WASHINGTON, D.C. — Today, Congresswoman Nikki Budzinski (IL-13) joined Senators Joni Ernst (R-IA), Tammy Duckworth (D-IL), John Thune (R-SD) and Amy Klobuchar (D-MN) and U.S. Representatives Brad Finstad (R-MN), Eric Sorensen (D-IL) and Mariannette Miller-Meeks (R-IA) in sending a bipartisan, bicameral letter to the U.S. Department of the Treasury requesting timely guidance on the 45Z Clean Fuel Production Credit to give farmers, blenders, retailers and fuel users certainty and the time needed to make additional clean fuel projects a reality. The 45Z Clean Fuel Production Credit consolidates and replaces several fuel-related credits currently scheduled to expire at the end of the year. While 45Z was written to increase the domestic production of clean, homegrown biofuels, guidance is still needed from the Treasury on how farmers and renewable fuel producers can participate in this new market. “The 45Z credit should be leveraged to provide a forward-looking,