# Klobuchar, Grassley Introduce Bill to Support Biofuel Producers - News Releases - U.S. Senator Amy Klobuchar

> Senators Klobuchar and Grassley introduced a bill requiring USDA to reimburse biofuel producers, through the Commodity Credit Corporation, for feedstock purchases made from January 1 to March 31, 2020. The sponsors say the pandemic has cut motor fuel demand to 50-year lows and idled more than 130 biofuel plants.

- Date: 2020-05-21 · published 2020-05-21T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/53000-klobuchar-grassley-introduce-bill-to-support-biofuel-producers-news-releases-u
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Reimbursing feedstock purchases would help keep biofuel plants running, supporting demand for corn and soybean oil if the bill advances.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-08 | [Hawley, Blunt, Senators Urge USDA to Allocate Additional Funds to Biofuel Producers Negatively Impacted by COVID-19 - Josh Hawley](https://feedsoft.ai/events/53528-hawley-blunt-senators-urge-usda-to-allocate-additional-funds-to-biofuel.md) | -5.9% | -7.4% |
| CORN | 2022-10-19 | [Grassley, Ernst Urge EPA to Set Robust RFS Blending Volumes to Reflect Biofuel Industry Growth](https://feedsoft.ai/events/15361-grassley-ernst-urge-epa-to-set-robust-rfs-blending-volumes-to-reflect-biofuel.md) | -0.3% | -1.2% |
| CORN | 2025-06-13 | [EPA Proposes New Renewable Fuel Standards to Strengthen U.S. Energy Security, Support Rural America, and Expand Production of Domestic Fuels \| US EPA](https://feedsoft.ai/events/15110-epa-proposes-new-renewable-fuel-standards-to-strengthen-u-s-energy-security.md) | -0.8% | -3.2% |
| CORN | 2017-06-19 | [US corn ethanol producers to tap into overseas demand - Governors' Biofuels Coalition](https://feedsoft.ai/events/70503-us-corn-ethanol-producers-to-tap-into-overseas-demand-governors-biofuels.md) | -5.4% | -1.7% |
| CORN | 2016-11-23 | [EPA Finalizes Increase in Renewable Fuel Volumes \| U.S. EPA News Releases \| US EPA](https://feedsoft.ai/events/73742-epa-finalizes-increase-in-renewable-fuel-volumes-u-s-epa-news-releases-us-epa.md) | -3.8% | -1.5% |
| SBO | 2022-07-20 | [Grassley, Klobuchar Lead Bipartisan Group in Urging EPA to Support Advanced Biofuel Production](https://feedsoft.ai/events/15379-grassley-klobuchar-lead-bipartisan-group-in-urging-epa-to-support-advanced.md) | -3.3% | +3.0% |
| SBO | 2018-08-23 | [Senators ask EPA to increase RVOs for advanced biofuel, biodiesel  - Amy in the News - U.S. Senator Amy Klobuchar](https://feedsoft.ai/events/63413-senators-ask-epa-to-increase-rvos-for-advanced-biofuel-biodiesel-amy-in-the.md) | -0.7% | -2.2% |
| SBO | 2018-08-23 | [Grassley, Senators Urge EPA to Boost Biodiesel, Support Jobs](https://feedsoft.ai/events/63411-grassley-senators-urge-epa-to-boost-biodiesel-support-jobs.md) | -0.7% | -2.2% |

## Sources

- klobuchar.senate.gov: https://www.klobuchar.senate.gov/public/index.cfm/2020/5/klobuchar-grassley-introduce-bill-to-support-biofuel-producers

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.