House bill aims to combat RIN fraud in RFS biodiesel program

10/01/2012
Four US House Energy and Commerce Committee members—Republicans Pete Olson (Tex.) and Marsha Blackburn (Tenn.) and Democrats Gene Green (Tex.) and Jim Matheson (Utah)—introduced a bill designed to eliminate fraud in the federal Renewable Fuel Standard's biodiesel program. The bipartisan measure, the Stop RIN Fraud Act of 2012, would require the US Environmental Protection Agency to certify that Renewable Identification Numbers (RIN), which refiners and blenders can trade to help them meet their biodiesel production quotas, are valid before they can go on the market. Under the current system, these "obligated parties" who unknowingly submit RIN that are later found to be fraudule...
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