Algae-based Renewable Fuel Promotion Act Of 2010

Floor Speech

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* Mr. MCNERNEY. Madam Speaker, yesterday the House of Representatives passed H.R. 4168, the Algae-based Renewable Fuel Promotion Act of 2009, a bill I am pleased to support. I would like to thank Mr. TEAGUE for his efforts to incentivize the production of environmentally-friendly biofuels. Mr. TEAGUE worked across party lines to advance bipartisan legislation, and he deserves recognition for his leadership.

* H.R. 4168 is a significant step forward, but I believe that additional refinements could help incentivize a broader array of environmentally friendly, economically viable biofuels. As we continue working to fine tune this legislation and related proposals, we should seek to ensure that federal tax policy treats all viable technologies fairly and equitably. I look forward to working with Mr. TEAGUE, Mr. BILBRAY, and other interested members to make sure that algal biofuels produced in Northern California fully benefit from this bill.

* Developing new sources of cellulosic biofuels is beneficial to the environment, the economy, and national security. I thank the authors of H.R. 4168 for their efforts.

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