H.R. 3099 — Biofuels Energy Independence Act of 2001

Summary

Biofuels Energy Independence Act of 2001 - Authorizes the Secretary of Agriculture to administer a Biofuels Feedstocks Energy Reserve to: (1) provide feedstocks in furtherance of biofuel-based energy production; and (2) support the biofuels energy industry when production is at risk due to reductions in feedstocks or commodity prices. Sets forth related provisions respecting commercial commodity purchases, release of commodity stocks, and storage payments.

Authorizes the Secretary to make and guarantee loans for biofuel production, distribution, development, and storage. Sets forth loan eligibility provisions. Directs the Secretary to establish a related revolving fund.

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Legislative Actions

2001-10-11
Introduced in House
2001-10-11
Introduced in House
2001-10-11
Referred to the House Committee on Agriculture.
2001-11-06
Referred to the Subcommittee on Conservation, Credit, Rural Development and Research.
2001-11-06
Referred to the Subcommittee on Farm Commodities and Risk Management.
2001-11-16
Sponsor introductory remarks on measure. (CR H8329-8330)

Biofuels Energy Independence Act of 2001

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