STUDY OF IMPACT OF RENEWABLE FUEL STANDARD.

SEC. 203. STUDY OF IMPACT OF RENEWABLE FUEL STANDARD.(a) In General.—The Secretary of Energy, in consultation with the Secretary of Agriculture and the Administrator of the Environmental Protection Agency, shall enter into an arrangement with the National Academy of Sciences under which the Academy shall conduct a study to assess the impact of the requirements described in section 211(o) of the Clean Air Act on each industry relating to the production of feed grains, livestock, food, forest products, and energy.(b) Participation.—In conducting the study under this section, the National Academy of Sciences shall seek the participation, and consider the input, of—(1) producers of feed grains;(2) producers of livestock, poultry, and pork products;(3) producers of food and food products;(4) producers of energy;(5) individuals and entities interested in issues relating to conservation, the environment, and nutrition;(6) users and consumers of renewable fuels;(7) producers and users of biomass feedstocks; and(8) land grant universities.(c) Considerations.—In conducting the study, the National Academy of Sciences shall consider—(1) the likely impact on domestic animal agriculture feedstocks that, in any crop year, are significantly below current projections;(2) policy options to alleviate the impact on domestic animal agriculture feedstocks that are significantly below current projections; and(3) policy options to maintain regional agricultural and silvicultural capability.(d) Components.—The study shall include—(1) a description of the conditions under which the requirements described in section 211(o) of the Clean Air Act should be suspended or reduced to prevent adverse impacts to domestic animal agriculture feedstocks described in subsection (c)(2) or regional agricultural and silvicultural capability described in subsection (c)(3); and(2) recommendations for the means by which the Federal Government could prevent or minimize adverse economic hardships and impacts.(e) Deadline for Completion of Study.—Not later than 18 months after the date of enactment of this Act, the Secretary shall submit to Congress a report that describes the results of the study under this section.121 STAT. 1529(f) Periodic Reviews.—Section 211(o) of the Clean Air Act is amended by adding the following at the end thereof:“(11) Periodic reviews.—To allow for the appropriate adjustment of the requirements described in subparagraph (B) of paragraph (2), the Administrator shall conduct periodic reviews of—“(A) existing technologies;“(B) the feasibility of achieving compliance with the requirements; and“(C) the impacts of the requirements described in subsection (a)(2) on each individual and entity described in paragraph (2).”.