Changes to RFS Not Likely Part of Debt Ceiling Package, Despite Report Cantor May Push Inclusion

August 29, 2013 04:23 AM
 

via a special arrangement with Informa Economics, Inc.

Veteran congressional sources give very low odds for RFS reform change as part of debt limit hike measure


NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


OPIS, a renewable energy news service, reported Wednesday that if a bill is reported out of the House Energy and Commerce Committee to reform the renewable fuel standard (RFS2), a possibility after lawmakers return Sept.9, House Majority Leader Eric Cantor (R-Va.) may attach it to a debt ceiling package.

Outlook. Congressional sources in the House and especially the Senate predict RFS reform language will not be part of any final debt ceiling hike passage.

What Cantor said. "The Majority Leader listed a number of options to fix this issue [of the RFS], and one option was if we came up with a good bipartisan reform agreement out of the Energy & Commerce Committee, then maybe we could try attaching it to a must pass bill like the debt ceiling," Cantor spokeswoman Megan Whittemore told OPIS.Cantor reportedly made the comments during a July 25 meeting between himself and several petroleum industry executives. The July 25 Capitol Hill fly-in was held for oil industry executives to discuss the need to end the RFS.


Comments: To repeat, veteran congressional sources give any RFS reform language very low odds of being included in an already controversial debt limit hike measure. You will hear a lot about "reforming" the RFS once lawmakers return from their long summer recess on Sept. 9. But even if the House Energy and Commerce Committee clears an RFS bill, it will not likely get traction in the Senate, nor be part of the thorny process ahead regarding the need to again hike the debt limit.


 

 

NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


 


 

 

 

 

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