,,ii #aac? ,,congress #b;d ,session ,s4 #baeb ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #be1 #bjad,ms4 ,heitkamp introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to direct ,f$]al inve/m5t 9 c>bon capture & /orage & o!r clean coal te*nologies1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,advanc$ ,clean ,coal ,te*nology ,inve/m5t 9 ,our ,nation ,act ( #bjad or ! ,,acction ,act ( #bjad4 7b7 ,table ( cont5ts ,! table ( cont5ts ( ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,sec4 #b4 ,f9d+s4 ,,title ,i--,f$]al inve/m5t 9 clean coal te*nologies ,sec4 #aja4 ,l>ge-scale c>bon /orage program4 ,sec4 #ajb4 ,rese>*1 developm5t & demon/ration programs4 ,sec4 #ajc4 ,innovative te*nology loan gu>antee program4 ,sec4 #ajd4 ,coord9ation ( clean coal g5]at+ projects4 ,,title ,,ii--,f$]al inc5tives = private inve/m5t 9 clean coal te*nologies ,sec4 #bja4 ,sev5-ye> amortization = c]ta9 sy/ems in/all$ on coal-fir$ electric g5]ation units4 ,sec4 #bjb4 ,cr$it = c>bon seque/ration f coal facilities4 ,sec4 #bjc4 ,v>iable price support = c>bon dioxide seque/ration4 ,sec4 #bjd4 ,clean en]gy coal bonds4 ,,title ,,iii--,reports requir$ ,sec4 #cja4 ,def9itions4 ,sec4 #cjb4 ,reports to ,congress4 #b4 ,f9d+s ,congress f9ds t-- 7#a7 ! ,presid5t believes t ! ,unit$ ,/ates en]gy policy mu/ h an all-(-!-above /rategy = ! #ba/ c5tury t develops e s\rce ( ,am]ican-made en]gy2 7#b7 accord+ to ! ,en]gy ,in=mation ,adm9i/ration1 #cg p]c5t ( all en]gy g5]at$ 9 ! ,unit$ ,/ates comes f coal & by #bjdj1 coal w /ill acc\nt = #cb p]c5t ( en]gy g5]ation 9 ! ,unit$ ,/ates2 7#c7 ! ,unit$ ,/ates has en\gh recov]able coal res]ves to la/ at lea/ ano!r #bej ye>s2 7#d7 z ! _w becomes increas+ly c>bon con/ra9$1 coal-fir$ p[] plants mu/ increas+ly be integrat$ ) c>bon capture & /orage sy/ems2 7#e7 effici5cy improvem5ts to ! coal fleet w decrease c>bon emissions & use less coal :ile provid+ ! same p[]2 7#f7 ! pot5tial to increase effici5cy is evid5t 9 ! curr5t fleet ( p[] plants 9 ! ,unit$ ,/ates1 z ! top #aj p]c5t ( coal plants h effici5cies z high z #cg p]c5t :ile ! av]age plant has an effici5cy ( #cb p]c5t2 7#g7 effici5cies z high z #dh p]c5t may be atta9$ ) ultrasup]critical coal-fir$ p[] plants2 7#h7 replac+ ! av]age subcritical coal-fir$ p[] plant ) a sup]critical or ultrasup]critical coal-fir$ p[] plant w\ld r$uce c>bon emissions by #ah to #bb p]c5t p] megawatt h\r ( en]gy g5]at$2 & 7#i7 ! coal indu/ry is a significant s\rce ( jobs 9 ! ,unit$ ,/ates z 9 #bjab alone1 coal 0 responsible = #acg1fej jobs = coal m9]s1 #ib1dgb jobs = op]ator employees1 & #de1agh jobs = contractors4 ,i ,f$]al inve/m5t 9 clean coal te*nologies #aja4 ,l>ge-scale c>bon /orage program 7a7 ,9 g5]al ,subtitle ,f ( title ,,ix ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbia et seq47 is am5d$ by ins]t+ aft] section #ifc 7#db ,u4,s4,c4 #afbic7 ! foll[+3 #ifc;,a4 ,l>ge-scale c>bon /orage program 7a7 ,def9itions ,9 ?is section3 7#a7 ,indu/rial s\rce ,! t]m indu/rial s\rce means any s\rce ( c>bon dioxide t is n naturally occurr+4 7#b7 ,l>ge-scale ,! t]m l>ge-scale means ! injection f indu/rial s\rces into a geological =mation (-- 7,a7 ov] #a1jjj1jjj tons ( c>bon dioxide ea* ye>2 or 7,b7 c>bon dioxide to a scale t demon/rates ! ability to inject & seque/] sev]al million metric tons ( indu/rial s\rce c>bon dioxide = a l>ge numb] ( ye>s4 7#c7 ,secret>y conc]n$ ,! t]m ,secret>y conc]n$ means-- 7,a7 ! ,secret>y ( ,agriculture 7act+ ?r\gh ! ,*ief ( ! ,=e/ ,s]vice71 ) respect to ,national ,=e/ ,sy/em l&2 & 7,b7 ! ,secret>y ( ! ,int]ior1 ) respect to l& manag$ by ! ,bureau ( ,l& ,managem5t 7includ+ l& held = ! b5efit ( an ,indian tribe74 7b7 ,program ,! ,secret>y %all c>ry out a program to demon/rate ! integration ( sy/ems = ! capture1 transportation1 & injection ( c>bon dioxide f indu/rial s\rces1 ei!r = ! purpose ( long-t]m geological /orage or enhanc$ oil recov]y at a comm]cial scale4 7c7 ,au?oriz$ assi/ance 7#a7 ,9 g5]al ,9 c>ry+ out ! program1 ! ,secret>y may ent] into coop]ative agreem5ts to provide f9ancial & te*nical assi/ance to up to #aj l>ge-scale geological /orage or enhanc$ oil recov]y projects4 7#b7 ,limitation ,n few] ?an #c ( ! #aj projects select$ %all be l>ge-scale projects t und]take site *>act]ization & p]mitt+ to qualify ! projects z ready = long-t]m sal9e /orage sites4 7d7 ,project selection ,! ,secret>y %all competitively select recipi5ts ( coop]ative agreem5ts "u ?is section f among applicants t-- 7#a7 provide ! ,secret>y ) suffici5t geological site in=mation 7includ+ hydrogeological & geophysical in=mation7 to e/abli% t ! propos$ geological =mation is capable ( use = enhanc$ oil recov]y &1 9 ! case ( geological /orage1 is capable ( long-t]m /orage ( ! inject$ c>bon dioxide1 includ+-- 7,a7 ! location1 ext5t1 & /orage capacity ( ! geological /orage unit at ! site into :i* ! c>bon dioxide w be inject$2 7,b7 ! pr9cipal pot5tial modes ( geome*anical failure 9 ! geological /orage unit2 7,c7 ! ability ( ! geological /orage unit to reta9 inject$ c>bon dioxide2 7,d7 ! measurem5t1 monitor+1 & v]ification requirem5ts necess>y to ensure adequate in=mation on ! op]ation ( ! geological /orage unit dur+ & aft] ! injection ( c>bon dioxide2 & 7,e7 a /udy & report on ! rate ( injection ( c>bon dioxide f p[] plants 7bas$ on op]at+ ! plant on a #bd-;h\rs-a-day1 #g-;days-a-week1 & #cfe-;days-a-ye> basis ov] sev]al decades7 necess>y to avoid-- 7i7 imbalances ( c>bon dioxide2 & 7ii7 mak+ ! propos$ geological =mation ( ! site into :i* ! c>bon dioxide w be inject$ unusable1 un/able1 or su* t !re w\ld be =c$ /oppages ( injection2 7#b7 h legal au?ority to use ! l& or int]e/s 9 l& necess>y =-- 7,a7 ! injection ( ! c>bon dioxide at ! propos$ geological /orage unit or enhanc$ oil recov]y site2 & 7,b7 ! /orage1 closure1 monitor+1 & long-t]m /ew>d%ip ( ! geological /orage unit = geological /orage ( c>bon dioxide2 & 7#c7 seque/] n few] ?an #ejj1jjj metric tons ( c>bon dioxide 9 #a contigu\s geographic & geologic =mation4 7e7 ,t]ms & conditions ,! ,secret>y %all condition receipt ( f9ancial assi/ance pursuant to a coop]ative agreem5t "u ?is section on ! recipi5t agree+-- 7#a7 to comply ) all applicable ,f$]al & ,/ate laws 7includ+ regulations71 includ+-- 7,a7 ! requirem5ts ( ! und]gr\nd injection control program "u "p ,c ( ! ,safe ,dr9k+ ,wat] ,act 7#db ,u4,s4,c4 #cjj;h et seq47 7ref]r$ to 9 ?is section z ! ,,uic program72 & 7,b7 any o!r ,f$]al & ,/ate requirem5ts to protect dr9k+ wat] supplies2 & 7#b7 9 ! case ( indu/rial s\rces subject to ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdja et seq471 to inject only c>bon dioxide captur$ f indu/rial s\rces 9 compliance ) t ,act4 7f7 ,indemnification agreem5ts = geological /orage 7#a7 ,def9ition ( liability ,9 ?is subsection1 ! t]m liability means any legal liability =-- 7,a7 bodily injury1 sickness1 disease1 or dea?2 7,b7 loss ( or damage to prop]ty1 or loss ( use ( prop]ty2 or 7,c7 injury to or de/ruction or loss ( natural res\rces1 includ+ fi%1 wildlife1 & dr9k+ wat] supplies4 7#b7 ,agreem5ts ,n lat] ?an #a ye> aft] ! date ( ! receipt by ! ,secret>y ( a complet$ application = assi/ance au?oriz$ "u subsection 7c71 ! ,secret>y may agree to indemnify & hold h>mless ! recipi5t ( a coop]ative agreem5t "u ?is section f liability aris+ out ( or result+ f a demon/ration project 9 excess ( ! am\nt ( liability cov]$ by f9ancial protection ma9ta9$ by ! recipi5t 9 accordance ) ! requirem5ts ( ! ,,uic program4 7#c7 ,exception = gross neglig5ce & int5tional misconduct ,not)/&+ p>agraph 7#a71 ! ,secret>y may n indemnify ! recipi5t ( a coop]ative agreem5t "u ?is section f liability aris+ out ( conduct ( a recipi5t t is grossly neglig5t or t con/itutes int5tional misconduct4 7#d7 ,collection ( fees 7,a7 ,9 g5]al ,! ,secret>y %all collect a fee f any p]son ) :om an agreem5t = indemnification is execut$ "u ?is subsection 9 an am\nt t is equal to ! net pres5t value ( paym5ts made by ! ,unit$ ,/ates to cov] liability "u ! indemnification agreem5t4 7,b7 ,am\nt ,! ,secret>y %all e/abli%1 by regulation1 crit]ia = det]m9+ ! am\nt ( ! fee1 tak+ into acc\nt-- 7i7 ! likelihood ( an incid5t result+ 9 liability to ! ,unit$ ,/ates "u ! indemnification agreem5t2 & 7ii7 o!r factors p]ta9+ to ! haz>d ( ! indemnifi$ project4 7,c7 ,use ( fees ,fees collect$ "u ?is p>agraph %all be deposit$ 9 ! ,treasury & cr$it$ to miscellane\s receipts4 7#e7 ,contracts 9 advance ( appropriations 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 ! ,secret>y may ent] into agreem5ts ( indemnification "u ?is subsection 9 advance ( appropriations & incur obligations )\t reg>d to section #acda ( title #ca1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,anti-,defici5cy ,act71 or section #aa ( title #da1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,adequacy ( ,appropriations ,act74 7,b7 ,limitation ,! am\nt ( indemnification "u ?is subsection %all n exce$ #aj1jjj1jjj1jjj 7adju/$ n less ?an once dur+ ea* #e-ye> p]iod foll[+ ! date ( enactm5t ( ?is section1 9 accordance ) ! aggregate p]c5tage *ange 9 ! ,consum] ,price ,index s9ce ! previ\s adju/m5t "u ?is subp>agraph71 9 ! aggregate1 = all p]sons indemnifi$ 9 connection ) an agreem5t & = ea* project1 includ+ su* legal co/s z are approv$ by ! ,secret>y4 7#f7 ,conditions ( agreem5ts ( indemnification 7,a7 ,9 g5]al ,! agreem5t %all provide t1 if ! ,secret>y makes a det]m9ation t !re is a sub/antial likelihood t ! ,unit$ ,/ates w be requir$ to make indemnity paym5ts "u ! agreem5t1 ! ,attorney ,g5]al-- 7i7 %all collaborate ) ! recipi5t ( an aw>d "u ?is subsection2 & 7ii7 may-- 7,i7 approve ! paym5t ( any claim "u ! agreem5t ( indemnification2 7,,ii7 appe> on behalf ( ! recipi5t2 7,,iii7 take *>ge ( an action2 & 7,,iv7 settle or def5d an action4 7,b7 ,settlem5t ( claims 7i7 ,9 g5]al ,! ,attorney ,g5]al %all h f9al au?ority on behalf ( ! ,unit$ ,/ates to settle or approve ! settlem5t ( any claim "u ?is subsection on a fair & reasonable basis ) due reg>d = ! purposes ( ?is subsection4 7ii7 ,exp5ses ,! settlem5t %all n include exp5ses 9 connection ) ! claim incurr$ by ! recipi5t4 7g7 ,f$]al l& 7#a7 ,9 g5]al ,! ,secret>y conc]n$ may au?orize ! sit+ ( a project on ,f$]al l& "u ! jurisdiction ( ! ,secret>y conc]n$ 9 a mann] consi/5t ) applicable laws & l& managem5t plans & subject to su* t]ms & conditions z ! ,secret>y conc]n$ det]m9es to be necess>y4 7#b7 ,framework = geological c>bon seque/ration on public l& ,9 det]m9+ :e!r to au?orize a project on ,f$]al l&1 ! ,secret>y conc]n$ %all take into acc\nt ! framework = geological c>bon seque/ration on public l& prep>$ 9 accordance ) section #gad ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7,public ,law #aaj-adj2 #aba ,/at4 #agae74 7h7 ,acceptance ( title & long-,t]m monitor+ 7#a7 ,9 g5]al ,z a condition ( a coop]ative agreem5t "u ?is section1 ! ,secret>y may accept title to1 or transf] ( adm9i/rative jurisdiction f ano!r ,f$]al ag5cy ov]1 any l& or int]e/ 9 l& necess>y = ! monitor+1 rem$iation1 or long-t]m /ew>d%ip ( a project site4 7#b7 ,long-t]m monitor+ activities = geological /orage ,aft] accept+ title to1 or transf] (1 a site clos$ 9 accordance ) ?is section1 ! ,secret>y %all monitor ! site & conduct any rem$iation activities to ensure ! geological integrity ( ! site & prev5t any endang]m5t ( public heal? or safety4 7#c7 ,fund+ ,!re is appropriat$ to ! ,secret>y1 out ( funds ( ! ,treasury n o!rwise appropriat$1 su* sums z are necess>y to c>ry out p>agraph 7#b74 7i7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out ?is section su* sums z are necess>y4 4 #ajb4 ,rese>*1 developm5t & demon/ration programs 7a7 ,9 g5]al ,section #ifb ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbib7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 p>agraph 7#aj71 by /rik+ & at ! end2 7,b7 9 p>agraph 7#aa71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7#ab7 specific additional programs to address wat] use & reuse2 7#ac7 ! te/+1 includ+ ! con/ruction ( te/+ facilities1 = high temp]ature mat]ials = use 9 advanc$ sy/ems = combu/ion or use ( coal2 & 7#ad7 innovations to application ( exi/+ coal conv]sion sy/ems design$ to increase effici5cy ( conv]sion1 flexibility ( op]ation1 & o!r modifications to address exi/+ usage requirem5ts4 2 7#b7 by r$esignat+ subsections 7b7 ?r\gh 7d7 z subsections 7c7 ?r\gh 7e71 respectively2 7#c7 by ins]t+ aft] subsection 7a7 ! foll[+3 7b7 ,trans=mational coal te*nology program 7#a7 ,9 g5]al ,z "p ( ! program e/abli%$ "u subsection 7a71 ! ,secret>y may c>ry out a program design$ to und]take rese>*1 developm5t1 & demon/ration ( te*nologies1 includ+ ! accel]at$ developm5t (-- 7,a7 *emical loop+ te*nology2 7,b7 sup]critical c>bon dioxide p[] g5]ation cycles2 7,c7 pressuriz$ oxycombu/ion1 includ+ new & retr(it te*nologies2 & 7,d7 o!r te*nologies t are *>act]iz$ by ! use (-- 7i7 alt]native en]gy cycles2 7ii7 !rmionic devices us+ wa/e heat2 7iii7 fuel cells2 7iv7 replacem5t ( *emical processes ) biote*nology2 7v7 nanote*nology2 7vi7 new mat]ials 9 applications 7o!r ?an ext5d+ cycles to high] temp]ature & pressure71 su* z membranes or c]amics2 7vii7 c>bon utilization 7o!r ?an enhanc$ oil recov]y71 su* z con/ruction mat]ials1 us+ l[ quality en]gy to reconv]t back to a fuel1 or manufactur$ food2 7viii7 advanc$ gas sep>ation concepts2 & 7ix7 o!r te*nologies1 includ+-- 7,i7 modul>1 manufactur$ compon5ts2 & 7,,ii7 innovative production or rese>* te*niques1 su* z us+ #c-;,d pr9t] sy/ems1 = ! production ( e>ly rese>* & developm5t prototypes4 7#b7 ,co/ %>e ,9 c>ry+ out ! program describ$ 9 p>agraph 7#a71 ! ,secret>y may ent] into p>tn]%ips ) private entities to %>e ! co/s ( c>ry+ out ! program4 2 & 7#d7 9 subsection 7c7 7z s r$esignat$7-- 7,a7 by /rik+ p>agraph 7#a7 & ins]t+ ! foll[+3 7#a7 ,9 g5]al ,9 c>ry+ out programs au?oriz$ by ?is section1 dur+ ea* ( cal5d> ye>s #bjae1 #bjag1 #bjbj1 & annually !reaft]1 ! ,secret>y %all id5tify co/ & p]=mance goals = coal-bas$ te*nologies t w\ld p]mit ! cont9u$ co/-competitive use ( coal = ! production ( electricity1 *emical fe$/ocks1 transportation fuels1 & o!r m>ketable products4 2 & 7,b7 9 p>agraph 7#b71 by /rik+ date ( enactm5t ( ?is ,act ea* place x appe>s & ins]t+ date ( enactm5t ( ! ,advanc$ ,clean ,coal ,te*nology ,inve/m5t 9 ,our ,nation ,act ( #bjad4 7b7 ,advisory committee2 au?orization ( appropriations ,section #ifc ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbic7 is am5d$-- 7#a7 9 subsection 7c71 by /rik+ p>agraph 7#f7 & ins]t+ ! foll[+3 7#f7 ,advisory committee 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 ! ,secret>y %all e/abli% an advisory committee-- 7i7 to und]take1 n less frequ5tly ?an once e #c ye>s1 a review & prep>e a report on ! progress be+ made by ! ,dep>tm5t ( ,en]gy to a*ieve ! goals describ$ 9 subsections 7a7 & 7b7 ( section #ifb & subsection 7b7 ( ?is section2 & 7ii7 to assess & provide recomm5dations on h[ ! capture ( c>bon f o!r fossil fuels c\ld be support$ ?r\gh ! objectives describ$ 9 subsection 7b74 7,b7 ,memb]%ip requirem5ts ,memb]s ( ! advisory committee "u subp>agraph 7,a7 %all be appo9t$ by ! ,presid5t4 2 & 7#b7 by /rik+ subsection 7d7 & ins]t+ ! foll[+3 7d7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out section #ifb & ?is section-- 7#a7 #a1fed1jjj1jjj = fiscal ye>s #bjae ?r\gh #bjah2 7#b7 #e1bhc1jjj1jjj = fiscal ye>s #bjai ?r\gh #bjbe2 & 7#c7 #c1cjj1jjj1jjj = fiscal ye>s #bjbf ?r\gh #bjce4 4 7c7 ,co/ %>+ r$uction ,section #ihh7;b7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afceb7;b77 is am5d$ by /rik+ p>agraph 7#c7 & ins]t+ ! foll[+3 7#c7 ,r$uction ,! ,secret>y %all r$uce or elim9ate ! requirem5t ( p>agraph 7#a7 = a rese>* & developm5t activity ( an appli$ nature if ! ,secret>y-- 7,a7 is petition$ = a r$uction by a non-,f$]al s\rce2 & 7,b7 det]m9es t ! r$uction is necess>y & appropriate to a*ieve ! purposes & goals (-- 7i7 ?is ,act2 & 7ii7 ! program or activity = :i* ! rese>* or developm5t activity is be+ und]tak54 4 #ajc4 ,innovative te*nology loan gu>antee program 7a7 ,9 g5]al ,section #agjc ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afeac7 is am5d$ by add+ at ! end ! foll[+3 7f7 ,o!r =ms ( ,f$]al support all[$ ,an eligible project t is eligible = or 9 receipt ( o!r =ms ( ,f$]al f9ancial assi/ance %all n be preclud$ f receiv+ a loan gu>antee made pursuant to ?is section4 7g7 ,timel9e = loan gu>antee approval = c]ta9 projects ,not)/&+ any o!r provision ( law1 n lat] ?an #b ye>s aft] ! date ( enactm5t ( ! ,advanc$ ,clean ,coal ,te*nology ,inve/m5t 9 ,our ,nation ,act ( #bjad1 ! ,secret>y %all-- 7#a7 give f9al approval to applications = loan gu>antees "u subsection 7a7 = projects describ$ 9 subsection 7b77#b72 & 7#b7 make loans = ^? projects 9 am\nts equal to #b1jjj1jjj1jjj4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,title ,,iii ( division ,c ( ! ,omnibus ,appropriations ,act1 #bjji 7,public ,law #aaa-h2 #abc ,/at4 #fai7 is am5d$ 9 ! matt] "u ! head+ ,title #ag innovative te*nology loan gu>antee program1 by /rik+ ! sev5?1 eigh?1 & n9? provisos4 7#b7 ,! ,supplem5tal ,appropriations ,act1 #bjji 7,public ,law #aaa-cb7 is am5d$ by /rik+ section #djh 7#abc ,/at4 #ahgh74 #ajd4 ,coord9ation ( clean coal g5]at+ projects 7a7 ,def9itions ,9 ?is section1 ! t]m eligible clean coal g5]at+ projects means any project und]tak5 to in/all & op]ate an advanc$ c>bon capture & /orage te*nology at a new or exi/+ /eam g5]at+ unit4 7b7 ,lead ag5cy ,! ,dep>tm5t ( ,en]gy %all be ! lead ag5cy = ! purposes ( coord9at+ all requirem5ts "u ,f$]al law ) respect to eligible clean coal g5]at+ projects1 includ+ any requirem5ts (-- 7#a7 ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdja et seq472 7#b7 ! ,f$]al ,wat] ,pollution ,control ,act 7#cc ,u4,s4,c4 #abea et seq472 7#c7 ! ,endang]$ ,species ,act ( #aigc 7#af ,u4,s4,c4 #aeca et seq472 7#d7 ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dcba et seq472 & 7#e7 ! ,safe ,dr9k+ ,wat] ,act 7#db ,u4,s4,c4 #cjj;f et seq474 7c7 ,s*$ule ,9 c>ry+ out subsection 7b71 ! ,secret>y ( ,en]gy %all e/abli% a s*$ule = all ,f$]al au?orizations ) respect to ea* eligible project1 includ+ by-- 7#a7 sett+ b9d+ int]m$iate mile/ones & deadl9es to ensure exp$iti\s completion ( all proce$+s & f9al action on all ,f$]al au?orizations relat+ to ! eligible project2 7#b7 requir+ t all p]mit decisions & relat$ environm5tal reviews "u applicable ,f$]al law %all be complet$ n lat] ?an #a ye> aft] ! date on :i* a complete application = ea* environm5tal review is submitt$1 or z soon z practicable !reaft]2 & 7#c7 coord9at+1 to ! maximum ext5t practicable1 any ,/ate p]mitt+ & environm5tal requirem5ts4 7d7 ,memor&a ( und]/&+ ,to /reaml9e & exp$ite review ( ,f$]al au?orizations = eligible clean coal g5]at+ projects1 ! ,secret>y ( ,en]gy %all-- 7#a7 ent] into memor&a ( und]/&+ ) applicable ,f$]al ag5cies2 7#b7 facilitate a pre-application review process ) applicable ,f$]al ag5cies2 & 7#c7 consolidate all environm5tal reviews ( ! eligible clean coal g5]at+ project into a s+le environm5tal review docum5t4 7e7 ,judicial review ,) respect to an application = ,f$]al au?orization relat+ to an eligible clean coal g5]at+ project1 ! applicable ,f$]al circuit c\rt may review & rem$y-- 7#a7 any failure by a ,f$]al ag5cy to complete action on ! application by ! date t is #a ye> aft] ! date on :i* ! complete application 0 submitt$ to ! ag5cy2 & 7#b7 any issuance ( an action or ord] by a ,f$]al ag5cy ) respect to ! application t is inconsi/5t ) applicable ,f$]al law4 ,,ii ,f$]al inc5tives = private inve/m5t 9 clean coal te*nologies #bja4 ,sev5-ye> amortization = c]ta9 sy/ems in/all$ on coal-fir$ electric g5]ation units 7a7 ,9 g5]al ,subsection 7d7 ( section #afi ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#f7 ,special rule = sy/ems in/all$ on coal-fir$ electric g5]ation units 7,a7 ,9 g5]al ,any me*anical or electronic sy/em-- 7i7 :i* is in/all$ on a coal-fir$ electric g5]ation unit aft] ! date ( ! enactm5t ( ?is p>agraph1 & 7ii7 :i* r$uces c>bon dioxide emissions p] net megawatt h\r ( electricity g5]ation by #a or m ( ! means describ$ 9 subp>agraph 7,b7 or any o!r means1 %all be treat$ = purposes ( ?is section z a new id5tifiable treatm5t facility :i* abates or controls atmosph]ic pollution or contam9ation by remov+1 alt]+1 dispos+1 /or+1 or prev5t+ ! creation or emission ( pollutants1 contam9ants1 wa/es1 or heat4 ,p>agraph 7#a77;,c7 ( ?is subsection1 & subsection 7e71 %all n apply to any sy/em :i* is s treat$4 7,b7 ,means = r$uc+ emissions ,! means describ$ 9 ?is subp>agraph are-- 7i7 optimiz+ combu/ion1 7ii7 optimiz+ sootbl[+ & heat transf]1 7iii7 upgrad+ /eam temp]ature control capabilities1 7iv7 r$uc+ exit gas temp]atures 7air heat] modifications71 7v7 pr$ry+ l[ rank coals us+ p[] plant wa/e heat1 7vi7 modify+ /eam turb9es or *ange ! /eam pa?_/blad+1 7vii7 replac+ s+le spe$ motors ) v>iable spe$ drives = fans & pumps1 & 7viii7 improv+ op]ational controls1 includ+ neural networks4 7,c7 ,special rule = m9imum tax ,section #ef7;a77#e7 %all n apply to prop]ty to :i* ?is p>agraph applies4 4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ! date ( ! enactm5t ( ?is ,act4 #bjb4 ,cr$it = c>bon seque/ration f coal facilities 7a7 ,9 g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #dh;,d ! foll[+ new section3 #dh;,e4 ,qualify+ c>bon dioxide capture1 transport1 & /orage equipm5t cr$it 7a7 ,g5]al rule ,= purposes ( section #df1 ! qualify+ c>bon dioxide capture1 transport1 & /orage equipm5t cr$it = any taxable ye> is an am\nt equal to #cj p]c5t ( ! qualifi$ inve/m5t = su* taxable ye>4 7b7 ,qualifi$ inve/m5t 7#a7 ,9 g5]al ,= purposes ( subsection 7a71 ! qualifi$ inve/m5t = any taxable ye> is ! basis ( eligible c>bon dioxide capture1 transport1 & /orage prop]ty plac$ 9 s]vice by ! taxpay] dur+ su* taxable ye> :i* is "p ( a qualify+ clean coal project-- 7,a7 7i7 ! con/ruction1 recon/ruction1 or erection ( :i* is complet$ by ! taxpay]1 or 7ii7 :i* is acquir$ by ! taxpay] if ! orig9al use ( su* prop]ty comm5ces ) ! taxpay]1 & 7,b7 ) respect to :i* depreciation 7or amortization 9 lieu ( depreciation7 is all[able4 7#b7 ,special rule = c]ta9 subsidiz$ prop]ty ,rules simil> to section #dh7;a77#d7 %all apply = purposes ( ?is section4 7#c7 ,c]ta9 qualifi$ progress exp5ditures rules made applicable ,rules simil> to ! rules ( subsections 7c77#d7 & 7d7 ( section #df 7z 9 effect on ! day be=e ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij7 %all apply = purposes ( ?is section4 7c7 ,def9itions ,= purposes ( ?is section-- 7#a7 ,coal ,! t]m coal means bitum9\s coal1 subbitum9\s coal1 & lignite4 7#b7 ,eligible c>bon dioxide capture1 transport1 & /orage prop]ty ,! t]m eligible c>bon dioxide capture1 transport1 & /orage prop]ty means any prop]ty-- 7,a7 :i* is us$ to capture1 transport1 or /ore c>bon dioxide emitt$ at a qualify+ clean coal project1 includ+ equipm5t us$ to sep>ate & pressurize c>bon dioxide = transport 7includ+ equipm5t to op]ate su* equipm5t71 7,b7 7i7 ! con/ruction1 recon/ruction1 or erection ( :i* is complet$ by ! taxpay]1 or 7ii7 :i* is acquir$ by ! taxpay] if ! orig9al use ( su* prop]ty comm5ces ) ! taxpay]1 & 7,c7 ) respect to :i* depreciation 7or amortization 9 lieu ( depreciation7 is all[able4 7#c7 ,qualifi$ polyg5]ation plant ,! t]m qualifi$ polyg5]ation plant means a plant t produces #b or m m>ketable products1 includ+ electricity1 *emicals1 liquid or gase\s fuels1 & c>bon dioxide = b5eficial use or sale4 7#d7 ,qualify+ clean coal project 7,a7 ,9 g5]al ,! t]m qualify+ clean coal project means any project if su* project-- 7i7 uses-- 7,i7 gasification te*nology 7z def9$ 9 section #dh;,b7c77#b771 or 7,,ii7 coal z n less ?an #ge p]c5t ( ! project fuel s\rce1 to produce electricity or is a polyg5]ation plant1 & 7ii7 7,i7 is a new project :i* is design$ to meet ! requirem5ts ( subp>agraph 7,b71 or 7,,ii7 consi/s ( retr(its to exi/+ equipm5t su* t ! project meets ! requirem5ts ( subp>agraph 7,b74 7,b7 ,requirem5ts 7i7 ,9 g5]al ,a project %all meet ! emission requirem5t ( clause 7ii7 & ! c>bon capture requirem5t ( clause 7iii74 7ii7 ,emission requirem5t ,! requirem5t ( ?is clause is met if ! project is design$-- 7,i7 to emit c>bon dioxide at an av]age annual rate ( less ?an #a1ajj p\nds p] net megawatt h\r ( electrical g5]ation1 or 7,,ii7 su* t ! c>bon dioxide emissions ( su* project are no great] ?an half ( ! av]age c>bon dioxide emissions = facilities produc+ electricity dur+ #bjje f ! same coal rank z su* project1 z det]m9$ "u regulations prescrib$ by ! ,secret>y 9 consultation ) ! ,secret>y ( ,en]gy & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy4 7iii7 ,c>bon capture requirem5t ,! requirem5t ( ?is clause is met-- 7,i7 if su* unit is among ! fir/ #a1jjj megawatts ( electric g5]ation units c]tifi$ by ! ,secret>y "u subsection 7e71 to capture & seque/] n less ?an #ejj1jjj metric tons p] ye> ( c>bon dioxide1 7,,ii7 if su* unit is among ! next #c1jjj megawatts ( electric g5]ation units c]tifi$ by ! ,secret>y "u subsection 7e71 to capture & seque/] n less ?an #a1jjj1jjj metric tons p] ye> ( c>bon dioxide1 & 7,,iii7 = any o!r unit1 to capture & seque/] n less ?an #b1jjj1jjj metric tons p] ye> ( c>bon dioxide4 7d7 ,aggregate cr$its 7#a7 ,9 g5]al ,no cr$it %all be all[$ "u ?is section ) respect to any qualify+ clean coal project unless su* project is c]tifi$ by ! ,secret>y "u subsection 7e74 7#b7 ,limitation on projects c]tifi$ ,! ,secret>y may c]tify "u subsection 7e7 no m ?an-- 7,a7 #bj projects describ$ 9 subsection 7c77#d77;,a77ii77,i71 & 7,b7 #bj projects describ$ 9 subsection 7c77#d77;,a77ii77,,ii74 7e7 ,c]tification 7#a7 ,c]tification process ,! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all e/abli% a c]tification process to det]m9e if a project meets all crit]ia & o!r requirem5ts to be recogniz$ z a qualify+ clean coal project4 7#b7 ,fe$/ock requirem5ts ,aft] ! date ( publication by ! ,secret>y ( ! f9al c]tification process ref]r$ to 9 p>agraph 7#a71 ! ,secret>y %all allocate ! limitation 9 subsection 7d77#b7 9 equal am\nts among-- 7,a7 projects us+ bitum9\s coal z a prim>y fe$/ock1 7,b7 projects us+ subbitum9\s coal z a prim>y fe$/ock1 & 7,c7 projects us+ lignite z a prim>y fe$/ock4 7#c7 ,r$i/ribution ,! ,secret>y may reallocate cr$its if ! ,secret>y det]m9es t !re is an insuffici5t quantity ( qualify+ applications = c]tification1 p5d+ at ! "t ( review1 to comply ) ! fe$/ock requirem5ts ( p>agraph 7#b74 ,! ,secret>y may conduct an additional program = applications = c]tification & reallocate available cr$its )\t reg>d to ! fe$/ock requirem5t :i* 0 n satisfi$ z a result ( insuffici5t applications = c]tification4 7#d7 ,requirem5ts = applications = c]tification ,an application = c]tification %all conta9 su* in=mation z ! ,secret>y may require 9 ord] to make a det]m9ation to accept or reject ! application & e/abli% applicable cr$it entitlem5t4 ,any in=mation conta9$ 9 ! application %all be protect$ z provid$ 9 section #eeb7;b77#d7 ( title #e1 ,unit$ ,/ates ,code4 7f7 ,d5ial ( d\ble b5efit ,no cr$it %all be all[$ "u ?is section = any prop]ty = :i* cr$it is all[$ "u sections #dh;,a1 #dh;,b1 or #dh;,c4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #df ( su* ,code 7relat+ to am\nt ( cr$it7 is am5d$ by /rik+ & at ! end ( p>agraph 7#e71 by /rik+ ! p]iod at ! end ( p>agraph 7#f7 & ins]t+ 1 &1 & by add+ at ! end ! foll[+ new p>agraph3 7#g7 ! qualify+ c>bon dioxide capture1 transport1 & /orage equipm5t cr$it4 4 7#b7 ,subp>agraph 7,c7 ( section #di7;a77#a7 ( su* ,code is am5d$ by /rik+ & at ! end ( clause 7v71 by /rik+ ! p]iod at ! end ( clause 7vi7 & ins]t+ 1 &1 & by add+ aft] clause 7vi7 ! foll[+ new clause3 7vii7 ! basis ( any qualify+ c>bon dioxide capture1 transport1 & /orage equipm5t "u section #dh;,e4 4 7#c7 ,! table ( sections = subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #dh;,d ! foll[+ new item3 ,sec4 #dh;,e4 ,qualify+ c>bon dioxide capture1 transport1 & /orage equipm5t cr$it4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to p]iods aft] ! date ( ! enactm5t ( ?is ,act "u rules simil> to ! rules ( section #dh7m7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7z 9 effect on ! day be=e ! date ( ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij74 #bjc4 ,v>iable price support = c>bon dioxide seque/ration 7a7 ,def9itions ,9 ?is section3 7#a7 ,c>bon dioxide price diff]5ce ,! t]m c>bon dioxide price diff]5ce means ! am\nt calculat$ 9 accordance ) subsection 7f77#a74 7#b7 ,design capacity ,! t]m design capacity means a project t has ! capacity to capture-- 7,a7 n few] ?an #c1jjj1jjj tons ( c>bon dioxide annually2 or 7,b7 few] ?an #c1jjj1jjj tons ( c>bon dioxide annually if agre$ to by ! ,secret>y & project own]4 7#c7 ,eligible project ,! t]m eligible project means a project t-- 7,a7 captures & sells c>bon dioxide t is us$ = enhanc$ recov]y & g5]ates electricity or gase\s or liquid fuels1 or is a qualifi$ polyg5]ation plant 7z def9$ 9 section #dh;,e7c7 ( ! ,int]nal ,rev5ue ,code ( #aihf72 7,b7 is locat$ 9 ! ,unit$ ,/ates2 7,c7 uses coal z n less ?an #ge p]c5t ( ! project fuel s\rce2 7,d7 captures n less ?an #ej p]c5t ( c>bon dioxide produc$ by coal conv]sion2 7,e7 has rea*$ design capacity2 & 7,f7 has a contract ) an enhanc$ recov]y company t is = a p]iod t is equal to or great] ?an ! subsidy p]iod4 7#d7 ,enhanc$ recov]y ,! t]m enhanc$ recov]y means enhanc$ oil recov]y & enhanc$ gas recov]y4 7#e7 ,l[e/ bid ,! t]m l[e/ bid means a bid made by an applicant to ! program t has ! lea/ co/ to ! ,f$]al ,gov]nm5t1 z comp>$ to compet+ bids4 7#f7 ,m>ket price ( oil ,! t]m m>ket price ( oil means ! price ( oil z report$ 9 a public oil m>ket index su* z ! ,new ,york ,m]cantile ,ex*ange4 7#g7 ,program ,! t]m program means ! ,enhanc$ ,recov]y ,program e/abli%$ "u subsection 7b74 7#h7 ,qualify+ c>bon dioxide ,! t]m qualify+ c>bon dioxide means c>bon dioxide t is captur$ f an eligible project & is eligible = v>iable price support4 7#i7 ,rate ,! t]m rate means ! ratio bid by ! project own] ( ! price ( c>bon dioxide to ! m>ket price ( oil1 & t is us$ to calculate ! syn!tic price ( c>bon dioxide4 7#aj7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,en]gy4 7#aa7 ,/rike price ( c>bon dioxide ,! t]m /rike price ( c>bon dioxide means ! price ( c>bon dioxide bid by ! project own]-- 7,a7 bel[ :i* a project w receive a subsidy2 & 7,b7 above :i* ! project own] w make paym5ts to ! ,f$]al ,gov]nm5t4 7#ab7 ,subsidy p]iod ,! t]m subsidy p]iod means ! p]iod ( "t1 n to exce$ #aj ye>s1 bid by ! project own] dur+ :i* ! eligible project w be eligible to receive a subsidy "u ?is section4 7#ac7 ,syn!tic price ( c>bon dioxide ,! t]m syn!tic price ( c>bon dioxide means ! price ( c>bon dioxide calculat$ by multiply+ ! m>ket price ( oil by ! rate4 7#ad7 ,v>iable price support ,! t]m v>iable price support means f9ancial support provid$ by ! ,f$]al ,gov]nm5t 9 an am\nt equal to ! c>bon dioxide price diff]5ce = ea* ton ( qualify+ c>bon dioxide provid$ directly to ! own] ( an eligible project select$ to receive assi/ance "u ?is section4 7b7 ,e/abli%m5t2 purpose 7#a7 ,9 g5]al ,!re is e/abli%$ 9 ! ,dep>tm5t ( ,en]gy a v>iable price support program1 to be kn[n z ! ,enhanc$ ,recov]y ,program1 to accel]ate ! con/ruction & op]ation ( eligible advanc$ coal-fuel$ projects t capture c>bon dioxide emissions & sell or use ! c>bon dioxide = enhanc$ recov]y4 7#b7 ,purpose ,! purpose ( ! program %all be-- 7,a7 to r$uce ! co/ ( c>bon capture by provid+ v>iable price support to c>bon capture & seque/ration project own]s to enable ! own] to f9ance eligible projects2 7,b7 to advance ! developm5t & widespread use ( c>bon capture te*nology2 & 7,c7 to increase ! dome/ic production ( oil & natural gas 9 ! ,unit$ ,/ates4 7c7 ,v>iable price support 7#a7 ,9 g5]al ,9 c>ry+ out ! program1 ! ,secret>y1 9 consultation ) ! ,secret>y ( ! ,treasury1 is au?oriz$ to provide v>iable price support = eligible projects-- 7,a7 = :i* an application is submitt$ to ! ,secret>y "u subsection 7d72 7,b7 t are select$ "u ! competitive bidd+ process "u subsection 7e72 & 7,c7 = :i* a v>iable price support agreem5t to implem5t ! paym5t t]ms describ$ 9 subsections 7f7 & 7g7 is execut$4 7#b7 ,p]iod ,! ,secret>y %all provide v>iable price support to an eligible project "u ?is section = a p]iod ( n m ?an #aj ye>s beg9n+ on ! date on :i* ! eligible project rea*es design capacity4 7#c7 ,pr(it %>+ agreem5ts 7,a7 ,9 g5]al ,to be eligible to receive v>iable price support "u p>agraph 7#a71 a project own] %all ent] into a pr(it-%>+ agreem5t ) ! ,secret>y at ! "t t ! v>iable price support agreem5t is execut$4 7,b7 ,paym5ts ,once e cal5d> qu>t]1 = ea* project own] subject to a pr(it-%>+ agreem5t execut$ "u subp>agraph 7,a71 ! ,secret>y %all calculate :e!r ! syn!tic price ( c>bon dioxide is great] ?an ! /rike price ( c>bon dioxide1 &1 if s1 reque/ f ! project own] a pr(it-%>+ paym5t = t qu>t]1 9 an am\nt equal to-- 7i7 ! diff]5ce betwe5 ! syn!tic price ( c>bon dioxide & ! /rike price ( c>bon dioxide2 less 7ii7 any repaym5ts made "u subsection 7g7 dur+ t cal5d> qu>t]4 7d7 ,applications ,an own] ( an eligible project desir+ v>iable price support "u ?is section %all submit to ! ,secret>y an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7e7 ,selection2 competitive bidd+ process 7#a7 ,9 g5]al ,once e ye>1 ! ,secret>y %all solicit bids f applicants = an allocation ( ! fund+ made available "u subsection 7h7 to provide v>iable price support to eligible projects4 7#b7 ,bid submission ,applicants p>ticipat+ 9 ! competitive bidd+ process %all submit a bid = an eligible project t includes-- 7,a7 ! /rike price ( c>bon dioxide = a ton ( qualify+ c>bon dioxide2 7,b7 a rate2 7,c7 a plan = ! project = a p]iod ( n m ?an #aj ye>s2 & 7,d7 ! project$ tonnage ( qualify+ c>bon dioxide t ! eligible project w capture & sell = enhanc$ recov]y ov] ! project p]iod4 7#c7 ,selection ,= ea* fiscal ye>1 ! ,secret>y %all-- 7,a7 det]m9e ! co/ to ! ,f$]al ,gov]nm5t ( ea* bid submitt$ "u p>agraph 7#b72 & 7,b7 7i7 select #a or m ( ! l[e/ bids until all ( ! available fund+ au?oriz$ by subsection 7h7 is obligat$2 or 7ii7 if ! ,secret>y det]m9es t no bids submitt$ "u p>agraph 7#b7 are acceptable to ! ,secret>y1 reject ! bids4 7f7 ,adm9i/ration 7#a7 ,9 g5]al ,9 c>ry+ out a v>iable price support agreem5t ent]$ into "u subsection 7c71 ! ,secret>y %all calculate ! c>bon dioxide price diff]5ce z a doll> am\nt equal to-- 7,a7 ! /rike price ( c>bon dioxide2 less 7,b7 ! syn!tic price ( c>bon dioxide 9 a qualify+ ton4 7#b7 ,paym5ts ,paym5ts betwe5 ! ,secret>y & ! project own] %all be made z foll[s3 7,a7 ,if ! am\nt calculat$ 9 p>agraph 7#a7 is a positive numb]1 ! ,secret>y %all pay to ! project own] an am\nt equal to ! product obta9$ by multiply+-- 7i7 ! c>bon dioxide price diff]5ce calculat$ "u p>agraph 7#a72 & 7ii7 ! quantity 9 tons ( qualify+ c>bon dioxide sold = enhanc$ recov]y4 7,b7 ,if ! am\nt calculat$ 9 p>agraph 7#a7 is a negative numb]1 ! project own] %all pay to ! ,secret>y an am\nt equal to ! product obta9$ by multiply+-- 7i7 ! absolute value ( ! c>bon dioxide price diff]5ce calculat$ "u p>agraph 7#a72 & 7ii7 ! quantity 9 tons ( qualify+ c>bon dioxide sold = enhanc$ recov]y4 7,c7 ,paym5ts betwe5 ! ,secret>y & ! project own] made "u subp>agraphs 7,a7 & 7,b7 %all be reconcil$ on an annual basis bas$ on-- 7i7 daily c>bon dioxide sales records report$ by ! project own]2 & 7ii7 ! daily price ( ,we/ ,texas int]m$iate crude oil li/$ 9 ! ,new ,york ,m]cantile ,ex*ange4 7g7 ,paym5ts to ! ,f$]al ,gov]nm5t 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% t]ms & conditions = a v>iable price support agreem5t ent]$ into "u subsection 7c77#a77;,c74 7#b7 ,repaym5ts ,! repaym5t t]ms ( any v>iable price support agreem5t %all comm5ce if1 dur+ ! subsidy p]iod ( ! agreem5t1 & subject to ! limitations describ$ 9 p>agraph 7#c71 ! am\nt calculat$ "u subsection 7f77#a7 is a positive numb]4 7#c7 ,limitations 7,a7 ,9 g5]al ,! repaym5t t]ms describ$ 9 p>agraph 7#b7 %all be subject to ! foll[+ limitations3 7i7 ,if1 dur+ any cal5d> qu>t] dur+ ! subsidy p]iod ( ! v>iable price support agreem5t1 ! syn!tic price ( c>bon dioxide is less ?an ! /rike price ( c>bon dioxide1 ! project own] may elect to def] all or "p ( ! repaym5t obligations ( ! project own] due 9 t qu>t] & any unpaid obligations w cont9ue to accrue int]e/4 7ii7 ,if1 dur+ any cal5d> qu>t] dur+ ! subsidy p]iod ( ! v>iable price support agreem5t1 ! syn!tic price ( c>bon dioxide is great] ?an ! /rike price ( c>bon dioxide1 ! project own]-- 7,i7 %all meet ! s*$ul$ repaym5t obligations plus any def]r$ repaym5t obligations2 b 7,,ii7 %all n be requir$ to pay 9 t qu>t] an am\nt t is great] ?an ! am\nt equal to ! product obta9$ by multiply+-- 7aa7 ! excess ( ! syn!tic price ( c>bon dioxide ov] ! /rike price ( c>bon dioxide2 & 7bb7 ! output ( ! project4 7,b7 ,repaym5ts beyond subsidy t]m ,at ! end ( ! subsidy p]iod ( ! agreem5t1 ! cumulative am\nt ( any def]r$ repaym5t obligations1 toge!r ) accru$ int]e/1 %all be amortiz$ 7) int]e/7 ov] ! rema9d] ( ! full t]m ( ! agreem5t4 7h7 ,fund+ 7#a7 ,9 g5]al ,prior to select+ bids "u subsection 7e77#c7 = a fiscal ye>1 ! ,secret>y %all make available to c>ry out ! program ! foll[+ am\nts1 to be allocat$ f unobligat$ funds ( ! ,dep>tm5t ( ,en]gy4 ,ye>s3,available ,cr$it3,ye> #aa1cej1jjj,ye> #ba1cej1jjj,ye> #ca1cej1jjj,ye> #db1gjj1jjj,ye> #eb1gjj1jjj,ye> #fb1gjj1jjj,ye> #gd1jej1jjj,ye> #he1djj1jjj,ye> #i & !reaft]#f1gej1jjj4 7#b7 ,ext5sion ,if ! am\nts made available "u p>agraph 7#a7 = a fiscal ye> are n us$ dur+ ! applicable fiscal ye>-- 7,a7 ! program %all be ext5d$ = an additional fiscal ye>2 & 7,b7 ! am\nts au?oriz$ "u p>agraph 7#a7 t 7 n us$ dur+ ! applicable fiscal ye> %all be c>ri$ ov] to c>ry out ! program dur+ ! additional fiscal ye>4 #bjd4 ,clean en]gy coal bonds 7a7 ,9 g5]al 7#a7 ,treatm5t z tax cr$it bonds ,subp>t ,i ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #ed;,g4 ,clean en]gy coal bonds 7a7 ,clean en]gy coal bond ,= purposes ( ?is sub*apt]-- 7#a7 ,9 g5]al ,! t]m clean en]gy coal bond means any bond issu$ z "p ( an issue if-- 7,a7 ! bond is issu$ by a qualifi$ issu] pursuant to an allocation by ! ,secret>y to su* issu] ( a portion ( ! national clean en]gy coal bond limitation "u subsection 7b77#b71 7,b7 s mu* ( ! available project proce$s f ! sale ( su* issue z is equal to #ie p]c5t ( ! excess (-- 7i7 ! total available project proce$s f ! sale ( su* issue1 ov] 7ii7 ! am\nts 9 a reasonably requir$ res]ve 7)9 ! mean+ ( section #aej7;a77#c77 ) respect to su* issue1 are to be us$ = capital exp5ditures incurr$ by qualifi$ borr[]s = #a or m qualifi$ projects1 7,c7 ! qualifi$ issu] makes an irrevocable election to h ?is section apply1 7,d7 ! qualifi$ issu] designates su* bond = purposes ( ?is section & ! bond is 9 regi/]$ =m1 & 7,e7 9 lieu ( ! requirem5ts ( section #ed;,a7d77#b71 ! issue meets ! requirem5ts ( subsection 7c74 7#b7 ,qualifi$ project2 special use rules 7,a7 ,9 g5]al ,! t]m qualifi$ project means a qualifi$ clean coal project 7z def9$ 9 subsection 7h77#a77 plac$ 9 s]vice by a qualifi$ borr[]4 7,b7 ,ref9anc+ rules ,= purposes ( p>agraph 7#a77;,b71 a qualifi$ project may be ref9anc$ ) proce$s ( a clean en]gy coal bond only if ! indebt$ness be+ ref9anc$ 7includ+ any obligation directly or indirectly ref9anc$ by su* indebt$ness7 0 orig9ally incurr$ by a qualifi$ borr[] aft] ! date ( ! enactm5t ( ?is section4 7,c7 ,reimbursem5t ,= purposes ( p>agraph 7#a77;,b71 a clean en]gy coal bond may be issu$ to reimburse a qualifi$ borr[] = am\nts paid aft] ! date ( ! enactm5t ( ?is section ) respect to a qualifi$ project1 b only if-- 7i7 prior to ! paym5t ( ! orig9al exp5diture1 ! qualifi$ borr[] decl>$ its int5t to reimburse su* exp5diture ) ! proce$s ( a clean en]gy coal bond1 7ii7 n lat] ?an #fj days aft] paym5t ( ! orig9al exp5diture1 ! qualifi$ issu] adopts an (ficial int5t to reimburse ! orig9al exp5diture ) su* proce$s1 & 7iii7 reimbursem5t is n made lat] ?an #ah mon?s aft] ! date ! orig9al exp5diture is paid or ! date ! project is plac$ 9 s]vice or ab&on$1 b 9 no ev5t m ?an #c ye>s aft] ! orig9al exp5diture is paid4 7,d7 ,treatm5t ( *anges 9 use ,= purposes ( p>agraph 7#a77;,b71 ! proce$s ( an issue %all n be treat$ z us$ = a qualifi$ project to ! ext5t t a qualifi$ borr[] takes any action )9 its control :i* causes su* proce$s n to be us$ = a qualifi$ project4 ,! ,secret>y %all prescribe regulations specify+ rem$ial actions t may be tak5 7includ+ conditions to tak+ su* rem$ial actions7 to prev5t an action describ$ 9 ! prec$+ s5t5ce f caus+ a bond to fail to be a clean en]gy coal bond4 7b7 ,limitation on am\nt ( bonds designat$ 7#a7 ,national limitation ,!re is a national clean en]gy coal bond limitation ( #e1jjj1jjj1jjj4 7#b7 ,allocation by ,secret>y ,! ,secret>y %all allocate ! am\nt describ$ 9 p>agraph 7#a7 among qualifi$ projects 9 su* mann] z ! ,secret>y det]m9es appropriate4 7c7 ,special rules relat+ to exp5ditures 7#a7 ,9 g5]al ,an issue %all be treat$ z meet+ ! requirem5ts ( ?is subsection if1 z ( ! date ( issuance1 ! qualifi$ issu] reasonably expects-- 7,a7 #ajj p]c5t or m ( ! available project proce$s f ! sale ( ! issue are to be sp5t = #a or m qualifi$ projects )9 ! #e-ye> p]iod beg9n+ on ! date ( issuance ( ! clean en]gy bond1 7,b7 a b9d+ commitm5t ) a ?ird p>ty to sp5d at lea/ #aj p]c5t ( su* available project proce$s f ! sale ( ! issue w be incurr$ )9 ! #f-mon? p]iod beg9n+ on ! date ( issuance ( ! clean en]gy bond or1 9 ! case ( a clean en]gy bond ! available project proce$s ( :i* are to be loan$ to #b or m qualifi$ borr[]s1 su* b9d+ commitm5t w be incurr$ )9 ! #f-mon? p]iod beg9n+ on ! date ( ! loan ( su* proce$s to a qualifi$ borr[]1 & 7,c7 su* projects w be complet$ ) due dilig5ce & ! available project proce$s f ! sale ( ! issue w be sp5t ) due dilig5ce4 7#b7 ,ext5sion ( p]iod ,^u submission ( a reque/ prior to ! expiration ( ! p]iod describ$ 9 p>agraph 7#a77;,a71 ! ,secret>y may ext5d su* p]iod if ! qualifi$ issu] e/abli%es t ! failure to satisfy ! #e-ye> requirem5t is due to reasonable cause & ! relat$ projects w cont9ue to proce$ ) due dilig5ce4 7#c7 ,failure to sp5d requir$ am\nt ( bond proce$s )9 #e ye>s ,to ! ext5t t less ?an #ajj p]c5t ( ! available project proce$s ( su* issue are exp5d$ by ! close ( ! #e-ye> p]iod beg9n+ on ! date ( issuance 7or if an ext5sion has be5 obta9$ "u p>agraph 7#b71 by ! close ( ! ext5d$ p]iod71 ! qualifi$ issu] %all r$eem all ( ! nonqualifi$ bonds )9 #ij days aft] ! end ( su* p]iod4 ,= purposes ( ?is p>agraph1 ! am\nt ( ! nonqualifi$ bonds requir$ to be r$eem$ %all be det]m9$ 9 ! same mann] z "u section #adb4 7d7 ,r$uc$ cr$it am\nt ,! annual cr$it det]m9$ "u section #ed;,a7b7 ) respect to any clean coal en]gy bond %all be #gj p]c5t ( ! am\nt s det]m9$ )\t reg>d to ?is subsection4 7e7 ,coop]ative electric company2 qualifi$ en]gy tax cr$it bond l5d]2 gov]nm5tal body2 qualifi$ borr[] ,= purposes ( ?is section-- 7#a7 ,coop]ative electric company ,! t]m coop]ative electric company means a mutual or coop]ative electric company describ$ 9 section #eja7;c77#ab7 or section #acha7;a77#b77;,c71 or a n-=-pr(it electric utility :i* has receiv$ a loan or loan gu>antee "u ! ,rural ,electrification ,act4 7#b7 ,clean en]gy bond l5d] ,! t]m clean en]gy bond l5d] means a l5d] :i* is a coop]ative :i* is own$ by1 or has out/&+ loans to1 #ajj or m coop]ative electric companies & is 9 exi/5ce on ,febru>y #a1 #bjjb1 & %all include any affiliat$ entity :i* is controll$ by su* l5d]4 7#c7 ,public p[] entity ,! t]m public p[] entity means a ,/ate utility ) a s]vice obligation1 z su* t]ms are def9$ 9 section #bag ( ! ,f$]al ,p[] ,act 7z 9 effect on ! date ( enactm5t ( ?is p>agraph74 7#d7 ,qualifi$ issu] ,! t]m qualifi$ issu] means-- 7,a7 a clean en]gy bond l5d]1 7,b7 a coop]ative electric company1 or 7,c7 a public p[] entity4 7#e7 ,qualifi$ borr[] ,! t]m qualifi$ borr[] means-- 7,a7 a mutual or coop]ative electric company describ$ 9 section #eja7;c77#ab7 or #acha7;a77#b77;,c71 or 7,b7 a public p[] entity4 7f7 ,special rules relat+ to pool bonds ,no portion ( a pool$ f9anc+ bond may be allocable to any loan unless ! borr[] has ent]$ into a writt5 loan commitm5t = su* portion prior to ! issue date ( su* issue4 7g7 ,gross-,up ( paym5t to issu]s 9 case ( seque/ration ,9 ! case ( any paym5t due "u section #fdca7;b7 by reason ( section #fdca7;f77#c77;,a77v7 :i* is subject to r$uction 9 accordance ) a seque/ration report prep>$ by ! ,director ( ! ,(fice ( ,managem5t & ,budget pursuant to ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe or ! ,/atutory ,pay-,z-,y-,g ,act ( #bjaj-- 7#a7 ! am\nt ( su* paym5t %all be increas$ to an am\nt equal to ! product (-- 7,a7 ! am\nt ( su* paym5t z det]m9$ be=e ! r$uction 9 accordance ) ! seque/ration report1 & 7,b7 a fraction ! num]ator ( :i* is #a & ! d5om9ator ( :i* is ! excess (-- 7i7 #ajj1 ov] 7ii7 ! p]c5tage by :i* su* paym5t is r$uc$ 7)\t reg>d to ?is subsection7 9 accordance ) ! seque/ration report1 & 7#b7 su* increase %all be treat$ z n subject to ! seque/ration report4 7h7 ,o!r def9itions & special rules ,= purposes ( ?is section-- 7#a7 ,qualifi$ clean coal project ,! t]m qualifi$ clean coal project means-- 7,a7 an atmosph]ic pollution control facility 7)9 ! mean+ ( section #afi7;d77#a771 7,b7 a qualify+ clean coal project 7)9 ! mean+ ( section #dh;,e7c77#a771 7,c7 a qualifi$ facility 7)9 ! mean+ ( section #de,q7c771 or 7,d7 an integrat$ gasification comb9$ cycle unit1 sup]critical coal-fir$ p[] plant1 or ultrasup]critical coal-fir$ p[] plant1 ) an en]gy effici5cy p]c5tage 7z def9$ 9 section #dh7;c77#c77;,c77i77 t is n less ?an #e p]c5tage po9ts great] ?an ! av]age en]gy effici5cy p]c5tage = coal electrical production facilities 9 ! ,unit$ ,/ates & correct$ = ! impact ( c>bon capture 7z det]m9$ by ! ,secret>y ( ,en]gy74 7#b7 ,def9itions 7,a7 ,integrat$ gasification comb9$ cycle unit ,! t]m integrat$ gasification comb9$ cycle unit means an electric g5]ation unit t produces electricity by conv]t+ coal to syn!sis gas t is us$ to fuel a comb9$-cycle plant t produces electricity f bo? a combu/ion turb9e 7includ+ a combu/ion turb9e_/fuel cell hybrid7 & a /eam turb9e4 7,b7 ,pool$ f9anc+ bond ,! t]m pool$ f9anc+ bond %all h ! mean+ giv5 su* t]m by section #adi7;f77#f77;,a74 7,c7 ,sup]critical coal-fir$ p[] plant ,! t]m sup]critical coal-fir$ p[] plant means a coal-fir$ p[] plant op]at+ at pressures su* t wat] boils fir/ & !n is conv]t$ to sup]heat$ /eam4 7,d7 ,ultrasup]critical coal-fir$ p[] plant ,! t]m ultrasup]critical coal-fir$ p[] plant means a p[] plant describ$ 9 subp>agraph 7,c7 op]at+ above sup]critical pressure & at /eam temp]atures above #a1ajj degrees ,fahr5heit4 4 7#b7 ,bonds n subject to maturity limitation ,p>agraph 7#e7 ( section #ed;,a7d7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,c7 ,special rule = clean en]gy coal bonds ,! requirem5ts ( ?is p>agraph %all n apply to a clean en]gy coal bond "u section #ed;,g4 4 7#c7 ,con=m+ am5dm5ts 7,a7 ,p>agraph 7#a7 ( section #ed;,a7d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ or at ! end ( subp>agraph 7,d71 by ins]t+ or at ! end ( subp>agraph 7,e71 & by ins]t+ aft] subp>agraph 7,e7 ! foll[+ new subp>agraph3 7,f7 a clean en]gy coal bond1 4 7,b7 ,! table ( sections = subp>t ,i ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #ed;,g4 ,clean en]gy coal bonds4 4 7b7 ,bonds treat$ z specifi$ tax cr$it bonds 7#a7 ,9 g5]al ,section #fdca7;f77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ or at ! end ( clause 7iii71 by /rik+ & at ! end ( clause 7iv7 & ins]t+ or1 & by add+ at ! end ! foll[+ new clause3 7v7 a clean en]gy coal bond 7z def9$ 9 section #ed;,g71 & 4 7#b7 ,special rule ,p>agraph 7#b7 ( section #fdca7;f7 ( su* ,code is am5d$-- 7,a7 by /rik+ clause 7i7 or 7ii7 & ins]t+ clause 7i71 7ii71 or 7v72 & 7,b7 by /rik+ ! head+ & ins]t+ ,special rule = c]ta9 bonds4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to bonds issu$ aft] ! date ( ! enactm5t ( ?is ,act4 ,,iii ,reports requir$ #cja4 ,def9itions ,9 ?is title3 7#a7 ,,ccs ! t]m ,,ccs means c>bon capture & /orage1 includ+ geological /orage & enhanc$ oil recov]y1 z well z o!r =ms ( c>bon utilization4 7#b7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,en]gy4 #cjb4 ,reports to ,congress 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 & annually !reaft]1 ! ,secret>y %all submit to ,congress & make available to ! public 7includ+ on ! website ( ! ,dep>tm5t ( ,en]gy7 a report t-- 7#a7 provides a compreh5sive review ( ! annual progress made by ! ,national ,laboratories & ! (fices ( ! ,dep>tm5t ( ,en]gy t are curr5tly active 9 rese>*+ & develop+ clean coal te*nologies & ,,ccs1 includ+-- 7,a7 ! /atus ( c>bon capture1 transport1 /orage1 & utilization1 includ+-- 7i7 an ov]view & evaluation ( key te*nologies2 7ii7 a description ( exi/+ ,,ccs infra/ructure & demon/ration projects 9 ! ,unit$ ,/ates1 includ+ ! /atus ( p]mitt+1 f9anc+1 & con/ruction & ! expect$ date ( comm5cem5t ( op]ations2 7iii7 ! associat$ co/s ( key te*nologies1 includ+ ! am\nt & type ( ,f$]al fund+2 & 7iv7 an e/imat$ timel9e to comm]cial scalability2 7,b7 a description ( ! curr5t b>ri]s = ,,ccs deploym5t & comm]cialization1 includ+-- 7i7 m>ket failures2 7ii7 regulatory framework2 7iii7 long-t]m liability = c>bon /orage2 7iv7 public outrea*2 & 7v7 annual progress on ov]com+ ! id5tifi$ b>ri]s2 7,c7 possible solutions to address ! b>ri]s describ$ 9 subp>agraph 7,b71 includ+-- 7i7 fund+ options = ,,ccs projects2 7ii7 options to improve ! curr5t legal & regulatory framework2 & 7iii7 sugge/ions = ,f$]al ,gov]nm5t action on effective public outrea*2 & 7,d7 a sep>ate review t focuses on int]national rese>* & projects sponsor$ by ! ,dep>tm5t ( ,en]gy1 includ+-- 7i7 a cle> description ( h[ ! ,f$]al ,gov]nm5t has p>ticipat$ 9 ea* project1 includ+ ! am\nt & type ( ,f$]al fund+2 7ii7 ! te*nical & economic /atus ( ea* project1 includ+ ! expect$ date ( comm5cem5t ( op]ations2 & 7iii7 recomm5dations on-- 7,i7 h[ to mo/ effici5tly engage 9 ea* project 9 ! future2 & 7,,ii7 :e!r a *ange ( fund+ support c\ld assi/ 9 ^? ef=ts2 & 7#b7 addresses all ( ! int]national consortia t ! ,f$]al ,gov]nm5t is curr5tly engag$ 9 by-- 7,a7 detail+ ! type ( ,f$]al ,gov]nm5t activity 9 ea* consortium2 7,b7 includ+ a description ( any lessons le>n$ by p>ticipants f ! ,f$]al ,gov]nm5t z a direct result ( consortium activity2 7,c7 describ+ ! b5efits d]iv$ f ,f$]al ,gov]nm5t involvem5t2 & 7,d7 mak+ recomm5dations = ! involvem5t ( ! ,f$]al ,gov]nm5t 9 ea* consortium includ+-- 7i7 :e!r ! ,f$]al ,gov]nm5t %\ld cont9ue to p>ticipate2 & 7ii7 h[ ! ,f$]al ,gov]nm5t c\ld increase ! productivity ( ! consortium1 if possible4 7b7 ,additional report ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is ,act1 & n less frequ5tly ?an once e ye> = ! next #e ye>s !reaft]1 ! ,secret>y %all submit to ,congress & make available to ! public 7includ+ on ! website ( ! ,dep>tm5t ( ,en]gy7 a report t-- 7#a7 provides an assessm5t ( ! upcom+ ,,ccs projects 9 ,canada1 includ+-- 7,a7 ! ,sask,power ,b\nd>y ,dam ,integrat$ ,,ccs ,demon/ration ,project2 7,b7 ! ,%ell ,que/ ,project2 & 7,c7 ! ,alb]ta ,c>bon ,trunk ,l9e2 & 7#b7 det]m9es-- 7,a7 :e!r op]ation ( ! ,,ccs sy/em is meet+ ! project goals2 7,b7 ! economic /atus ( ! project1 includ+-- 7i7 an ov]view ( ! ratio ( private & public funds = capital co/s2 7ii7 :e!r ! project is g5]at+ rev5ue2 & 7iii7 ! curr5t return on inve/m5t2 7,c7 :e!r ! project is ! type ( project t ! ,f$]al ,gov]nm5t %\ld replicate 9 ! ,unit$ ,/ates to move ,,ccs =w>d on a pilot level2 7,d7 :e!r ! project c\ld comply ) subp>agraph 7,e7 or 7,f7 if ! project %\ld be replicat$ "u subp>agraph 7,c72 7,e7 :e!r ! ,f$]al ,gov]nm5t & private indu/ry 9 ! ,unit$ ,/ates c "w toge!r to develop a simil> pilot project 9 ! ,unit$ ,/ates2 & 7,f7 if ! ,f$]al ,gov]nm5t & private indu/ry _c "w toge!r "u subp>agraph 7,e71 :e!r ! ,f$]al ,gov]nm5t %\ld "w jo9tly ) ,canada on a simil> project4