S.Amdt. 1438

1. Adds Subtitle E--Bioenergy Program SEC. 541. BIOENERGY PROGRAM wherever appropriate

   Adds a section

   Inserted: Subtitle E--Bioenergy Program SEC. 541. BIOENERGY PROGRAM.

   Inserted: Section 9010 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 8108) is amended--

   Inserted: (1) in subsection (b)(3), by adding at the end the following:

   Inserted: "(C) Base biodiesel production gross payable units.--The quantity of base biodiesel production gross payable units under the program for an eligible producer shall be determined by--

   Inserted: "(i) dividing--

   Inserted: "(I) the base production; by

   Inserted: "(II) the biodiesel conversion factor of 1.4; and

   Inserted: "(ii) multiplying the result by--

   Inserted: "(I) in the case of the first year of participation by the eligible producer in the program, 0.5;

   Inserted: "(II) in the case of the second year of participation by the eligible producer in the program, 0.3;

   Inserted: "(III) in the case of the third year of participation by the eligible producer in the program, 0.15; and

   Inserted: "(IV) in the case of the fourth and subsequent year of participation by the eligible producer in the program, 0."; and

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   Inserted: (2) in subsection (c)(1), by striking "not more than".

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed