CCUS Innovation Act

I 117TH CONGRESS 1ST SESSION H. R. 1761 To amend title XVII of the Energy Policy Act of 2005 relating to the eligibility for loan guarantees for carbon capture, utilization, and storage projects, and for other purposes. IN THE HOUSE OF REPRESENTATIVES MARCH 10, 2021 Mr. MCKINLEY (for himself, Mr. CURTIS, Ms. CHENEY, Mr. SCHWEIKERT, and Mr. GRAVES of Louisiana) introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committee on Science, Space, and Technology, for a period to be sub- sequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To amend title XVII of the Energy Policy Act of 2005 relating to the eligibility for loan guarantees for carbon capture, utilization, and storage projects, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘CCUS Innovation 4 Act’’. 5 VerDate Sep 11 2014 19:41 May 03, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1761.IH H1761 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 1761 IH SEC. 2. PROJECTS FOR CARBON CAPTURE, UTILIZATION, 1 AND STORAGE. 2 (a) CATEGORIES.—Section 1703(b)(5) of the Energy 3 Policy Act of 2005 (42 U.S.C. 16513(b)(5)) is amended 4 to read as follows: 5 ‘‘(5) Carbon capture, utilization, and storage 6 practices and technologies.’’. 7 (b) INCLUDED PROJECTS.—Section 1703 of the En- 8 ergy Policy Act of 2005 (42 U.S.C. 16513) is amended 9 by adding at the end the following: 10 ‘‘(g) CARBON CAPTURE, UTILIZATION, AND STORAGE 11 PROJECTS.—The category of projects described in sub- 12 section (b)(5) includes projects involving practices or tech- 13 nologies relating to— 14 ‘‘(1) development of infrastructure to enable 15 carbon capture, utilization, or storage, including 16 pipelines; 17 ‘‘(2) direct air capture; 18 ‘‘(3) pre-combustion capture, and post-combus- 19 tion capture, of carbon dioxide for fossil fuel based 20 systems, such as power plants and industrial proc- 21 esses that utilize fossil energy; 22 ‘‘(4) carbon dioxide storage in geologic forma- 23 tions; 24 VerDate Sep 11 2014 19:41 May 03, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1761.IH H1761 pamtmann on DSKBC07HB2PROD with BILLS 3 •HR 1761 IH ‘‘(5) carbon storage efficiency and security 1 through the use of new and early-stage monitoring 2 tools and models; 3 ‘‘(6) the conversion of carbon dioxide into sub- 4 stances or products with higher economic value; 5 ‘‘(7) the conversion of carbon dioxide into bio- 6 mass; 7 ‘‘(8) the synthesis of fuels and organic chemi- 8 cals; 9 ‘‘(9) the synthesis of inorganic materials and 10 chemicals; 11 ‘‘(10) agricultural and forestry practices that 12 store and sequester carbon; and 13 ‘‘(11) synthetic technologies to remove carbon 14 from the air and oceans.’’. 15 (c) REPORT.—Not later than 1 year after the date 16 of enactment of this Act, the Secretary of Energy shall 17 submit to the Committee on Energy and Commerce of the 18 House of Representatives a report describing— 19 (1) with respect to projects described in sub- 20 section (g) of section 1703 of the Energy Policy Act 21 of 2005 (as added by this section)— 22 (A) the status of each such project for 23 which a guarantee has been awarded under 24 such section 1703; and 25 VerDate Sep 11 2014 19:41 May 03, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H1761.IH H1761 pamtmann on DSKBC07HB2PROD with BILLS 4 •HR 1761 IH (B) any recommendations relating to im- 1 plementation of title XVII of such Act with re- 2 spect to such projects; 3 (2) opportunities to expand the use of carbon 4 capture, utilization, and storage for reducing indus- 5 trial sector emissions; 6 (3) statutory and regulatory barriers to the de- 7 ployment and commercialization of carbon capture, 8 utilization, and storage technologies; and 9 (4) any recommendations to advance carbon 10 capture, utilization, and storage technologies. 11 Æ VerDate Sep 11 2014 19:41 May 03, 2021 Jkt 019200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H1761.IH H1761 pamtmann on DSKBC07HB2PROD with BILLS