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Floor Speech

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Mr. GRASSLEY. Mr. President, this year, I have been working hard to help the renewable fuels industry, which provides about 40,000 to 50,000 jobs in the State of Iowa and is a very big help for the family farmers of Iowa. These family farmers rely on the renewable fuels market as a source for the use of the bountiful crops that we raise each year.

The One Big Beautiful Bill Act, passed last week, signed by the President on July 4, supports family farmers and advances energy production--renewable energy production and, also, fossil fuel production.

During the consideration of this legislation, I pushed hard for a provision to provide transition relief to small biodiesel producers by temporarily extending the small agri-biodiesel tax credit. The previous administration, the last 4 years, failed to release functional guidance implementing the clean fuel production tax credit. Their refusal to do that contributed to many small producers shutting down their operations and leaving hundreds of people unemployed. The extension of this credit will provide relief to these plants while they await further implementation guidance from the Department of the Treasury under the One Big Beautiful Bill Act.

I am proud to deliver this certainty to Iowa's small biodiesel producers, to the consumers, and to the benefit of the 86,000 family farmers of Iowa.

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