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Hutchison Files Bill To Freeze Corn-Based Ethanol Production
Republican Texas Senator Kay Bailey Hutchison filed legislation Monday aimed at freezing the amount of ethanol produced from corn in hopes of slowing price increases at the grocery store.
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(May 19, 2008)—Sen. Kay Bailey Hutchison, R-Texas, filed a bill Monday that would freeze production of corn-based ethanol at this year's level of 9 billion gallons.
Click Here For Hutchison Press Release
A law passed last year requires that amount increase annually reaching 15 billion in 2015 and 36 billion by 2022.
Hutchison says the requirement is a big reason for rising food prices.
Sen. John Cornyn, R-Texas, and Sen. John McCain, R-Arizona, are cosponsoring the measure.
Texas Gov. Rick Perry had asked the federal government last month to cut the production mandate by 50 percent.
There has been opposition from corn-producing states and the Bush administration.
Some experts believe its unlikely Congress would reduce ethanol production requirements in an election year.
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