Sen. Ted Cruz & Representatives of refining states reportedly asking for price cap in the RFS
By Cole Boteler, Waste Dive.
Senators have yet to reach an agreement on the long-term fate of the Renewable Fuel Standard (RFS), as reported by Politico's Morning Energy. Sen. Ted Cruz told Politico that he had a hold on nominee Bill Northey for an undersecretary position in the United States Department of Agriculture over the issue, but sees "real progress" in coming to a solution that helps biofuel producers and oil refiners.
Cruz is reportedly planning to propose a cap on the price of Renewable Identification Numbers (RINs), a move that may conflict with the law's intent. A spokesperson for Iowa Sen. Chuck Grassley told Politico the senator's priority was "the integrity of the RFS." Iowa Sen. Joni Ernst's office told Politico the same — their top priority is upholding the "spirit and the letter of the RFS."
Cruz's office has not offered a timeline for when his proposal could be introduced. His office did not respond to a request for comment.