Cantor Weighs Tying Debt Ceiling to Renewable Fuel Bill: Taxes

House Majority Leader Eric Cantor may attach legislation to alter renewable fuel standards to a package to raise the U.S. debt ceiling.

The House Energy and Commerce Committee is considering options for revising the standard, a part of the 2007 energy law that requires petroleum refiners and importers to blend billions of gallons of renewable fuel into the motor fuel supply. Cantor, a Virginia Republican, is weighing whether to tie changes to must-pass legislation this fall, spokeswoman Megan Whittemore told Bloomberg BNA in an e-mail.