AFPM applauds Senator Lee’s bill to address reallocation

WASHINGTON, D.C. - American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson today issued the following statement on Senator Mike Lee's introduction of the "Protect Consumers from Reallocation Costs Act":

"As if a $70 billion RFS price tag and a mandate for record imports wasn't enough, the U.S. EPA is threatening to further undercut the President's energy dominance agenda by reallocating more than a billion gallons of exempted RFS volumes from small refiners to their competitors. This is akin to your neighbor getting a tax break and the IRS showing up at your doorstep with the bill. It is simply wrong and will not meaningfully change the volume of corn ethanol that gets blended into American gasoline.

"We're grateful to Senator Lee for introducing this legislation that will make it explicitly clear that EPA cannot re-assign massive regulatory burdens from one refinery to others. This bill will save American consumers billions of dollars. It will benefit U.S. energy security and help to ensure that American fuel manufacturers use more of their resources on productive things - like jobs, facility construction projects, and energy infrastructure - instead of red tape from the EPA."