Analysts’ Views On 2014 RFS

As previously reported, the U.S. Environmental Protection Agency (EPA) sent the final 2014 Renewable Fuel Standard (RFS) rule to the Office of Management and Budget (OMB) on August 22, 2014. Some sides speculate that OMB will need considerable time to review the final action, especially given the 340,000+ comments submitted to EPA in response to the proposal. Others, however, suggest that OMB will forego its allotted 90-day review period and issue the rule in late September or early October. Such a schedule would result in the final rule being published before the November elections. Should OMB pursue the shortened timing strategy, it would result in a very narrow timeframe for parties to advocate changes.