Think-Tank Calls For RFS Repeal
On January 8, 2019, the Competitive Enterprise Institute (CEI), a non-profit public policy organization supporting free-market, published the Free to Prosper: A Pro-Growth Agenda for the 116th Congress report for the Congress’ consideration. The report identifies strategies for Congress to take in eliminating federal regulations that interfere in the lives of consumers, making it more difficult to access the best services and products available to Americans. The proposed congressional agenda put forth by CEI includes nine policy areas that they believe should be the focus of reform. Some of these areas include regulatory reform and agency oversight, trade, banking and finance, private and public lands, and energy and environment, among others.
In the report’s “Energy and Environment” chapter, CEI recommends that Congress freeze the Renewable Fuel Standard (RFS), which requires refiners to blend biofuel into petroleum-based fuel. CEI claims that the RFS has unintended consequences such as bidding up the price of corn, soy, and other crops, as well as driving motorists to spend more on fuel, rather than benefiting the environment. The recommendation is that the U.S. Environmental Protection Agency (EPA) sunset the RFS Program for 2022 to assure that competition and consumer preference are the ultimate drivers leading a certain type of fuel to succeed or fail in the marketplace. To access the full report, click here.