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Agricultural Biorefinery Innovation and Opportunity Act of 2023
12/15/2023, 4:09 PM
Summary of Bill S 2987
Bill 118 s 2987, also known as the Agricultural Biorefinery Innovation and Opportunity Act of 2023, aims to promote innovation and economic opportunities in the agricultural biorefinery industry. The bill focuses on supporting the development and commercialization of biorefinery technologies that utilize agricultural feedstocks, such as crop residues, food waste, and other biomass materials.
One of the key provisions of the bill is the establishment of a grant program to provide funding for research and development projects related to agricultural biorefinery technologies. These grants will be awarded to eligible entities, such as universities, research institutions, and private companies, to support the advancement of innovative biorefinery processes.
Additionally, the bill includes measures to support the deployment of biorefinery technologies, such as providing technical assistance to help businesses navigate the regulatory process and access financing options. The goal is to create a supportive environment for the growth of the agricultural biorefinery industry, which has the potential to create new jobs, reduce greenhouse gas emissions, and promote sustainable agriculture practices. Overall, the Agricultural Biorefinery Innovation and Opportunity Act of 2023 seeks to harness the potential of agricultural biomass resources to drive innovation, economic growth, and environmental sustainability in the United States.
One of the key provisions of the bill is the establishment of a grant program to provide funding for research and development projects related to agricultural biorefinery technologies. These grants will be awarded to eligible entities, such as universities, research institutions, and private companies, to support the advancement of innovative biorefinery processes.
Additionally, the bill includes measures to support the deployment of biorefinery technologies, such as providing technical assistance to help businesses navigate the regulatory process and access financing options. The goal is to create a supportive environment for the growth of the agricultural biorefinery industry, which has the potential to create new jobs, reduce greenhouse gas emissions, and promote sustainable agriculture practices. Overall, the Agricultural Biorefinery Innovation and Opportunity Act of 2023 seeks to harness the potential of agricultural biomass resources to drive innovation, economic growth, and environmental sustainability in the United States.
Read the Full Bill
Current Status of Bill S 2987
Bill S 2987 is currently in the status of Bill Introduced since September 28, 2023. Bill S 2987 was introduced during Congress 118 and was introduced to the Senate on September 28, 2023. Bill S 2987's most recent activity was Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. as of September 28, 2023
Bipartisan Support of Bill S 2987
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2987
Primary Policy Focus
Agriculture and FoodAlternate Title(s) of Bill S 2987
Agricultural Biorefinery Innovation and Opportunity Act of 2023
Agricultural Biorefinery Innovation and Opportunity Act of 2023
A bill to amend the Farm Security and Rural Investment Act of 2002 to improve biorefinery, renewable chemical, and biobased product manufacturing assistance, and for other purposes.
Comments
Sponsors and Cosponsors of S 2987
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