Iowa senators help expand bio-fuels

WASHINGTON, D.C (KCRG-TV9) -- Sixteen senators, including Iowa's Chuck Grassley and Joni Ernst, introduced a bill aimed at stimulating the Iowa economy.

It's called the American Renewable Fuel and Job Creation Act. The bill extends a clean-fuel tax credit incentive for producers of bio-fuels for three years.

The bio-fuel industry supports nearly 4,000 Iowa jobs. It also creates more than $300 million in revenue for Iowa households.

Senator Grassley says the bill helps all Iowans, but especially farmers.

"This bill would re-institute the tax credit for bio-diesel because it's so important for the economy and jobs in Iowa, particularly to agriculture," Grassley said.

Iowa leads the nation in bio-diesel production