Safeguarding Domestic Energy Production and Independence Act of 2023

This bill creates a new $0.20 per credit system (adjustable for inflation) for conventional biofuel waivers under the Clean Air Act, directly affecting refiners and fuel producers with renewable fuel obligations. Credits must be used immediately for that year's compliance and cannot be resold or applied toward other biofuel requirements. Revenue from credit sales is split equally: one-third funds advanced biofuel investments, one-third supports agricultural diversification programs, and one-third flows into the Habitat and Wildlife Restoration Fund. This fund targets conservation in areas impacted by corn/soy expansion since 2007, managed with the National Fish and Wildlife Foundation.