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S 1598 100th Congress Senate Energy Agricultural research Agriculture and Rural Affairs Alcohol and Alcoholic Beverages Alcohol as fuel Economics and Public Finance Energy policy Excise tax Farm produce Gasoline Government trust funds Motor Vehicles and Driving Petroleum and petroleum products Research and development Taxation

Relying on Ethanol for America Program Act

Introduced: August 6, 1987 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 30, 1987
Referred to Subcommittee on Agricultural Research, Gen. Leg.
Aug 6, 1987
Read twice and referred jointly to the Committees on Finance; Agriculture.
Aug 6, 1987
Introduced in Senate
 Plain-English summary Congressional Research Service

Relying on Ethanol for America Program Act - Directs the Secretary of Agriculture to establish an Ethanol Development Fund within the Commodity Credit Corporation to guarantee loans made to finance eligible ethanol-related projects. Provides that such Fund shall be administered by the Assistant Secretary of Agriculture for Science and Education.

Sets forth funding guidelines for the Commodity Credit Corporation to make certain funds available to the Fund for a five-year period.

Requires the Assistant Secretary to report to certain congressional committees regarding the financial status of the Development Fund Program.

Requires the Secretary of Agriculture to sponsor research and development of marketable commercial or industrial crops for specific use in the production of ethanol or food for export.

Amends the Internal Revenue Code to extend from 1993 to the year 2000 certain excise tax treatment of ethanol as fuel, and to restrict a certain excise tax reduction to ethanol fuel.

What's happening now November 30, 1987

Referred to Subcommittee on Agricultural Research, Gen. Leg.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Republican 1