On Thursday, the Senate approved an amendment that could wipe out billions of dollars earmarked for the ethanol industry by voting 73-in-favor, 27-against. The amendment, if passed into law, will eliminate the 45-cent-a-gallon subsidy that the U.S. government hands out to producers of the corn-based fuel. The ethanol-related amendment that passed on Thursday will be tacked on to an economic development bill, which will likely face a tough battle in the Senate.
Turning our attention back to that failed amendment on Tuesday, though similar, it's not identical to amendment that passed through the Senate on Thursday.
On a related note, the House of Representatives voted 283-in favor, 128-against to ban the United States Department of Agriculture (USDA) from dishing out funds to support the installation of E85 pumps at gas stations across the U.S.