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Cornyn Co-Sponsors New Bill To Freeze Ethanol Mandate

Statement

Date: May 19, 2008
Location: Washington, DC
Issues: Business and Consumers Oil and Gas


Cornyn Co-Sponsors New Bill To Freeze Ethanol Mandate

U.S. Sen. John Cornyn, R-Texas, Vice Chairman of the Senate Republican Conference, made the following statement regarding legislation introduced today to freeze the renewable fuel standard corn-based ethanol mandate at current 2008 levels. Sen. Cornyn is an original co-sponsor of the bill, which was introduced by U.S. Sen. Kay Bailey Hutchison, R-Texas.

"As consumers continue to see rising food and fuel prices, freezing the corn-based ethanol mandate will allow us to re-evaluate the consequences of using food for fuel and determine the best way forward. Texas will remain a leader as we work to diversify our nation's energy supply to include alternative and renewable sources, but in the meantime Congress must exercise its oversight role to ensure there are no further unintended consequences. A freeze of the mandate will allow time for necessary assessments and reduce increasing grocery, grain and feed prices."


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