The Biotechnology Industry Organization (BIO) recently applauded the introduction and consideration of the “Renewable Energy and Energy Conservation Tax Act of 2007” by the House Ways and Means Committee and Chairman Charles Rangel (D-N.Y.). The legislation, which is expected to be considered by the House of Representatives soon, would provide a tax credit for all producers of alcohol fuels from cellulosic biomass, encouraging rapid growth in production of cellulosic ethanol and other alternative fuels.