A bill to amend the Internal Revenue Code of 1986 to extend the small agri-biodiesel producer credit.
Latest action (29 Sep 2026): Introduced
What this bill does
This bill, S. 5583, has been introduced in the Senate by Senator Charles "Chuck" Grassley. Its stated purpose is to amend the Internal Revenue Code to extend a tax credit for small producers of agri-biodiesel. The specific details of how this credit would be extended, including its duration or any changes to its existing terms, are not yet available as the full text of the bill has not been published.
The bill's impact would primarily affect small businesses that produce agri-biodiesel. By potentially extending the existing tax credit, it could offer continued financial benefits to these producers, encouraging their operations. The broader implications for consumers or other sectors are not detailed in the information provided.
As of now, S. 5583 has just been introduced. This means it is at the very beginning of the legislative process. It will need to go through committees, potentially be debated and amended, and then pass both the Senate and the House of Representatives before it could be sent to the President to be signed into law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on September 29, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does S. 5583 do?
- This bill, S. 5583, has been introduced in the Senate by Senator Charles "Chuck" Grassley. Its stated purpose is to amend the Internal Revenue Code to extend a tax credit for small producers of agri-biodiesel. The specific details of how this credit would be extended, including its duration or any changes to its existing terms, are not yet available as the full text of the bill has not been published. The bill's impact would primarily affect small businesses that produce agri-biodiesel. By potentially extending the existing tax credit, it could offer continued financial benefits to these producers, encouraging their operations. The broader implications for consumers or other sectors are not detailed in the information provided. As of now, S. 5583 has just been introduced. This means it is at the very beginning of the legislative process. It will need to go through committees, potentially be debated and amended, and then pass both the Senate and the House of Representatives before it could be sent to the President to be signed into law.
- Has S. 5583 become law?
- Not yet. As of 29 Sep 2026, S. 5583 is introduced.
- Who sponsored S. 5583?
- S. 5583 was sponsored by Sen. Charles “Chuck” Grassley [R-IA] (Republican-IA), with 0 cosponsors.
- What's the latest action on S. 5583?
- Introduced (29 Sep 2026).
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