Ranking Member Waxman: "The bill that's before us would repeal Section 526. From the Navy's perspective, from your perspective, would repealing Section 526 send the right signal to industry and the Armed Services?"

Mr. Thomas Hicks, Deputy Assistant Secretary of the Navy: "We are comfortable with 526. It is an effective policy tool. It is having an effect on the market that I think is one that is the right direction in the sense that it is providing not only clean fuels, but fuels that ultimately will be competitive and I think that's what we are looking for."
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The Subcommittee on Energy and Power held the ninth day of its hearing on "The American Energy Initiative" on Friday, June 3, 2011, at 9:00 a.m. in 2322 Rayburn House Office Building.