BIO thanked Senators Stabenow (D-MI), Coons (D-DE), and Franken (D-MN) for introducing S. 2271, the Renewable Chemicals Act of 2015, a bill to amend the Internal Revenue Code of 1986 to provide credits for the production of renewable chemicals and investments in renewable chemical production facilities. S. 2271 would create a targeted, short-term tax credit of 15 cents per pound for production of eligible renewable chemicals from biomass feedstock.