E15

Floor Speech

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Mr. GRASSLEY. Mr. President, many times, I and Senator Ernst and Senator Fischer and maybe many other Senators have come to the floor to implore the Senate to pass E15 legislation. E15 is an additive to gasoline that comes from ethanol which comes from corn.

So I am going to cite to you something that I have got off of the web of iowarfa.org, Renewable Fuels Association, in other words. They have this chart that I am going to refer to. I am sorry I don't have a big one to put on an easel here.

It starts out with saying these six refining companies are trying to kill the year-round E15 legislative deal. These companies made more money than 3.3 million family farmers will make combined in 2026.

These six companies are: Delek US, HF Sinclair, Cenovus, Suncor, CVR Energy, and Par Pacific. They have made $171.7 billion compared to 3.3 million family farmers, estimated to make in 2026 $153.4 million.

So I think about the Members of Congress that are representing these interests. They also have tens of thousands of family farmers as well in their districts.

So why would they put the prosperity of these six companies ahead of 3.3 million family farmers?

When I bring that issue up, their answer is: We need to find a solution.

Yes, we do need to find a solution. But if we don't find a solution, these six companies are still going to be making their $171 billion, and these 3.3 million family farmers are going to be making $20 billion less.

So that is the employees and the management and the stockholders of these six companies are going to make out better than the 3.3 million family farmers, which is only 2 percent of the population of the United States feeding the other 98 percent.

I think we have got to give more consideration to the family farmers by passing E15. That is not the main reason I came to the floor.

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