This bill would modify the Commodity Credit Corporation Charter Act to exclude crops grown specifically for biofuel production from the government's agricultural support programs. The Commodity Credit Corporation is a federal agency that provides loans, purchases, and other financial assistance to farmers and agricultural producers. Currently, the law lists certain crops like tobacco that are excluded from receiving these benefits, and this bill would add biofuel crops to that exclusion list. The change would affect farmers who grow crops such as corn for ethanol production or soybeans for biodiesel, who would no longer be eligible for CCC assistance on those particular crops. No specific funding amounts or implementation timelines are included in the legislation.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.