(a)
Findings— Congress finds the following:
(1)
Ukraine accounts for 16 percent of global corn exports and 12 percent of wheat exports.
(2)
The United States could more than compensate for the loss of Ukraine’s exports by diverting crops that are to be made into biofuels into food production instead.
(3)
Almost 70 percent of all United States grain production is corn, but almost half is formulated into ethanol to drive cars and trucks.
(4)
Converting corn into fuel happens only because of a mass of Federal regulations and subsidies that began during the Carter administration.
(5)
While ethanol may have small environmental advantages over gasoline, the benefits are nullified by ethanol’s toll on world food output.
(b)
Sense of Congress— It is the sense of Congress that the Federal Government should not be incentivizing farmers to grow corn for ethanol while Russia’s invasion of Ukraine is jeopardizing the lives of Ukraine’s citizens and is on track to cause a severe malnutrition across the world. As this supply is cut off, food prices which are already at record levels, will increase at a time when the economic fallout from the pandemic is already harming household budgets, particularly in low-income countries.