September 27, 2013 Visit us online at www.wpma.com WP-09-29-13
CONGRESSIONAL COMPROMISE ON CR AND DEBT LIMIT BILLS STILL PENDING
With only a few weeks remaining before the nation's $16.7 trillion debt ceiling will be exhausted and the nation's financial credibility is at risk, members of the Senate and House continue to debate whether to consider amendments that are highly controversial.
House Republican leaders plan to introduce legislation that extends the U.S. borrowing limit for one year, while attaching some spending cuts and policy provisions that include authorization of the $5.3 billion Keystone XL Pipeline project. Some Senate Democrats who support Keystone; Joe Manchin (WV), Max Baucus (MT) and Mark Begich (AK) oppose Keystone related amendments and instead prefer to move a clean debt-ceiling bill.
The government funding continuing resolution expires October 1 and Congress is in a similar battle overthe terms of extending the spending bill and attempts to add language to block funding for ObamaCare.
INHOFE COMMENTS ON TOLLING INTERSTATES
Earlier this week, Senator James Inhofe (R-OK) surprised many at a hearing by indicating he might support repealing the federal ban on interstate highway tolling. Inhofe made the comment at a Senate Environmental and Public Works Committee meeting on September 25, 2013. Sen. Inhofe said that he is committed to finding new revenue sources for the Highway Trust Fund, even if that includes "devolving the decision to toll new federal highways back to the states to ensure all users are paying their fair share." "I recognize removing the federal tolling prohibition is controversial, but we can't handcuff states and local governments' ability to maintain and modernize their obsolete roads and bridges, while also threatening 80 percent cuts to their funding," Inhofe said.
A Congressional Budget Office report earlier this year said that absent a new revenue source or general fund transfer to address the $14 billion annual shortfall in the Highway Trust Fund, current highway programs would need to be cut by almost 80 percent.
ELECTRONIC CIGARETTE RULE ANTICIPATED
Some retailers are anticipating the FDA Center for Tobacco Products will propose a regulation to regulate electronic cigarettes. Earlier this week, 40 state Attorneys General sent a joint letter supporting FDA regulation. Even though electronic cigarettes do not use tobacco, the FDA stated it will issue a proposed "deeming regulation" in October 2013. Once the proposal is published, all interested parties will likely have 60 days to comment. Depending on the scope of the regulation, it will likely face extended legal challenges
2012 ECONOMIC CENSUS UPDATE
The 2012 Economic Census, the U.S. Government's official five-year measure of American business and the economy, is entering its final days of data collection. Census officials asked PMAA to remind members who have not completed the census forms to please do so as soon as possible.
Even though a census response is required by law, many businesses had fewer resources to respond so time extensions were allotted. To assist businesses, the Bureau is prepared to discuss your compliance via phone by calling 877-790-1876. Electronic reporting is also available
at http://econhelp.census.gov/ .
FRANCE MAKES HEADWAY ON INTERCHANGE FEE REDUCTIONS
While the battles over debit and credit card interchange fees continue in the United States, headway has been made in France. Visa Inc. and MasterCard Inc. have agreed to reduce interchange fees by an average of 47 percent, resulting in a maximum of 0.28 percent of the transaction to process a payment.
This will put Visa and MasterCard's fees in line with the French interbank network Groupement des Cartes Bancaires, and with the European Commission's plans to cap fees
EPA EXPANDS HEATING OIL DEFINITION IN RFS
This week the EPA expanded the definition of heating oil in a final RFS rule by allowing all fuel oils that are used to generate heat for homes, businesses and recreation to generate Renewable Identification Numbers (RINs). This is welcome news to petroleum marketers who participate in the biodiesel RIN market and will expand the use of BioHeat®. Under existing definitions promulgated in March 2010 under RFS-2, only #1 and #2 heating oil are allowed to generate RINs. The expanded heating oil definition will not be subjected to obligated parties' (refiners) Renewable Volume Obligations (RVOs), but obligated parties will be allowed to use these new qualifying heating oil RINs to demonstrate compliance with their RVOs. The final rule also includes: requirements for product transfer documents (PTDs) to ensure stakeholders taking possession of the newly defined fuel oil are aware of its limited use and penalties for improper use; detailed requirements for producer registration; and quarterly reporting requirements.
PMAA Regulatory Counsel, Mark Morgan, will be reviewing the rule closely and will publish more information in a PMAA Regulatory Report, if needed.
PMAA PAC FUNDRAISER AT OMNI LA COSTA RESORT
PMAA Small Business Committee (SBC) Co-Chairs, Gerry Ramm and Michael Fields, invite you to attend an event in beautiful Southern California benefitting PMAA's SBC PAC.
The event will be held at the Omni La Costa Resort and Spa ($209 per room) from November 20-21. The hotel rate is good three days before and after the event if you want to come early or stay longer. Cost is $500 per golfing registrant and $200 for non-golfing guests. This is a tremendous opportunity for you to support the industry and develop and strengthen your business relationships.
The event will start Wednesday evening, November 20 with a cocktail reeption from 6-7 pm and dinner immediately to follow on the resort. On Thursday, former two-time PGA Championship winner, Dave Stockton, will give golf lessons to attendees from 8-11 am followed by 18 holes of golf on La Costa's Champions Golf Course.
PMAA would like to thank Orion Food Systems, especially Tom Kaspar, for facilitating this special event for PMAA.
To participate, go to http://pmaa.org/pmaa_today/attachments/PMAALaCosta.pdf to fill out the registration form. To become a sponsor of the event go to http://pmaa.org/pmaa_today/attachments/LaCostaSponsors.pdf . If you have any questions, please reach out to Michael Fields at firstname.lastname@example.org or Rob Underwood at email@example.com . We would greatly appreciate an investment in PMAA.
JOIN PMAA IN ATLANTA THIS OCTOBER
PMAA will hold its Fall Meeting on October 11-12 at the Hyatt Regency Atlanta. Please view current information at http://www.pmaa.org/pmaameetingsuupcomingmeetings.asp .
2014 WESTERN PETROLEUM MARKETERS CONVENTION & CONVENIENCE STORE EXPO LAS VEGAS, NEVADA
Start planning now to attend the 2014 WPMA Convention and Convenience Store Expo. It will be held at the Mirage in Las Vegas, Nevada. Mark your calendars for February 18-20, 2014.
MARK YOUR CALENDARS FOR UPCOMING EVENTS IN 2013
October 4, 2013 - HPMA Golf Tournament -Mauna Lani Resort, South Course- Kohala Coast, Big Island, HI
May 8-9, 2014 - NPM&CSA Big Dogs event - Red Rock Hotel & Casino Las Vegas, Nevada,
June 3-5, 2014 - MPMCSA Convention - Hilton Garden Inn - Missoula, Montana
June 16-19, 2014 - WOMA Convention - Suncadia Lodge - Cle Elum, Washington
August 6-8, 2014 - IPM&CSA Convention - Coeur d'Alene Resort - Coeur d'Alene, Idaho
August 19-20, 2014 - NMPMA Convention - Marriott Pyramid North - Albuquerque, New Mexico
Petro Pete: "What happens if you get scared half to death twice?"
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