Washington, D.C. – Congressman Dave Loebsack today led a group of his colleagues calling for a meeting with President Barack Obama to discuss the unacceptable proposed renewable fuels volume obligations (RVOs) for the Renewable Fuels Standard (RFS). Loebsack was joined by Reps. Bruce Braley (IA-01), Cheri Bustos (IL-17), William Enyart (IL-12), Collin Peterson (MN-07), Tim Walz (MN-01) and Rick Nolan (MN-08) in sending the letter. The same group of Representatives recently met with the Environmental Protection Agency Administrator Gina McCarthy and shared their strong concerns about the devastating impact this cut will have on farmers, rural communities, and future investments in biofuels.
“Our top priority remains working to create good jobs and keep our economy moving forward. The proposed RFS volumes threaten to pull the rug out from under our rural economies that are already experiencing a 40 percent decline in the price of corn from last year, the biggest single year drop since 1960,” the Representatives wrote to President Obama. “We believe the RFS plays a critical role as an alternative to foreign oil while simultaneously benefitting the U.S. economy and our rural communities.