Bill 119 HR 2144, also known as the Renewable Fuel Standard Integrity Act, aims to clarify that electronic Renewable Identification Numbers (eRINs) cannot be used to meet the renewable fuel volume requirements set by the Renewable Fuel Program. The bill seeks to ensure that only physical RINs, which are paper certificates used to track the production and use of renewable fuels, can be used to demonstrate compliance with the program.
The bill is designed to prevent potential fraud and abuse in the renewable fuel market by specifying that eRINs, which are easier to manipulate and counterfeit compared to physical RINs, cannot be used to meet the renewable fuel volume obligations. This clarification is intended to uphold the integrity of the Renewable Fuel Program and ensure that the mandated levels of renewable fuels are actually being produced and used in transportation fuel.
In addition to addressing the issue of eRINs, the bill also includes provisions for other purposes related to the Renewable Fuel Program. Overall, the goal of Bill 119 HR 2144 is to strengthen the enforcement mechanisms of the program and prevent any loopholes that could undermine its effectiveness in promoting the use of renewable fuels in the transportation sector.