A bill currently under consideration in the U.S. House of Representatives is calling for a reduction in the federal mandate for fuel ethanol use when corn supplies are low.
The bill is said to reduce the mandate by 25% when the corn stocks-to-use ratio is less than 7% and reduce it by 50% if that ratio reaches 5% or less.
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See the Renewable Fuels Assn.'s warning against this effort to relegislate the RFS.
