,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bggf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #a1    
#bjad ,mr4 ,walsh introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,energy  
and ,natural ,resources  ,a ,,bill  ,to 
establish a ,carbon ,capture and        
,sequestration ,deployment ,acceleration
 ,fund to promote the establishment of  
not fewer than #aj commercial-scale     
carbon capture and sequestration units  
in the ,united ,states during the next  
#aj years1 and for other purposes4  #a4 
,short title ,this ,act may be cited as 
the ,ten in ,ten ,act4  #b4 ,carbon     
,capture and ,sequestration ,deployment 
,acceleration ,fund  7a7 ,establishment 
of ,fund ,there is established in the   
,treasury a fund to be known as the     
,carbon ,capture and ,sequestration     
,deployment ,acceleration ,fund         
7referred to in this section as the     
,fund71 to be administered by the       
,secretary of ,energy 7referred to in   

this section as the ,secretary71 to be  
available without fiscal year limitation
 and without further appropriation1 to  
promote the establishment of not fewer  
than #aj commercial-scale carbon capture
 and sequestration units in the ,united 
,states during the #aj-year period      
beginning on the date of enactment of   
this section4  7b7 ,use of ,fund  7#a7  
,in general ,of amounts in the ,fund1   
the ,secretary may use such sums as are 
necessary to provide grants or other    
forms of financial support that-- 7,a7  
capture carbon dioxide from electric    
generation units that-- 7i7 generate and
 sell electric power directly to        
consumers or for resale2  7ii7 use coal 
or petroleum coke for at least #ge      
percent of the fuel used by the units2  
and  7iii7 transport the captured carbon
 dioxide to a permanent geological      
storage site in the ,united ,states1 or 
to a site on the ,north ,american       
,continent1 for use for hydrocarbon     
recovery2  7,b7 have a useful life of   

not fewer than #ae years2  7,c7         
emphasize modular designs and are       
capable of generating at least #ajj     
megawatts of electricity output2  7,d7  
capture and sequester not less than #fe 
percent of the total carbon dioxide     
emissions of the electric generation    
units2 and  7,e7 apply to a diverse mix 
of coal ranks1 generation systems1      
geographic locations1 capture systems1  
and sequestration characterizations and 
systems1 including saline sequestration1
 enhanced oil recovery1 and other       
beneficial uses of carbon dioxide4  7#b7
 ,eligible projects ,eligible projects  
under this paragraph include carbon     
capture and sequestration units that are
 designed for-- 7,a7 new coal-fired     
electric generation units2  7,b7        
retrofit or upgrade of existing         
coal-fired electric generation units2   
and  7,c7 notwithstanding paragraph     
7#a77;,c71 nonmodular units that are    
larger than #bej megawatts and designed 
for integrated gasification combined    

cycle electric generation units4  7c7   
,transfers to ,fund ,there is           
transferred into the ,fund established  
by subsection 7a7 #aj1jjj1jjj1jjj out of
 any funds in the ,treasury not         
otherwise appropriated4  7d7            
,prohibition ,amounts in the ,fund may  
not be made available for any purpose   
other than a purpose described in       
subsections 7a7 and 7b74  7e7 ,annual   
reports  7#a7 ,in general ,not later    
than #fj days after the end of each     
fiscal year beginning with fiscal year  
#bjae1 the ,secretary shall submit a    
report on the operation of the ,fund    
during the fiscal year to-- 7,a7 the    
,committee on ,appropriations of the    
,senate2  7,b7 the ,committee on        
,appropriations of the ,house of        
,representatives2  7,c7 the ,committee  
on ,energy and ,natural ,resources of   
the ,senate2 and  7,d7 the ,committee on
 ,energy and ,commerce of the ,house of 
,representatives4  7#b7  ,contents      
,each report shall include1 for the     

fiscal year covered by the report1 the  
following3  7,a7 ,a statement of the    
amounts deposited into the ,fund4  7,b7 
,a description of the expenditures made 
from the ,fund for the fiscal year1     
including the purpose of the            
expenditures4  7,c7 ,recommendations for
 additional authorities to fulfill the  
purpose of the ,fund4  7,d7 ,a statement
 of the balance remaining in the ,fund  
at the end of the fiscal year4