,,ii  #aadth ,,congress  #ast ,session  
,s4 #acjf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ab1      
#bjae,mr4 ,manchin 7for himself and ,ms4
 ,heitkamp7 introduced the following    
bill2 which was read twice and referred 
to the ,committee on ,energy and        
,natural ,resources  ,a ,,bill  ,to     
amend the ,energy ,policy ,act of #bjje 
to use existing funding available to    
further projects that would improve     
energy efficiency and reduce emissions4 
#a4 ,short title ,this ,act may be cited
 as the ,energy ,independence           
,investment ,act of #bjae4  #b4         
,findings ,congress finds that-- 7#a7 in
 #bjjh1 ,congress authorized            
#h1jjj1jjj1jjj in authority to the      
,secretary of ,energy to issue loan     
guarantees for qualifying advanced      
fossil energy projects2  7#b7 the       
,secretary of ,energy has issued #b     
requests for proposals under the loan   
guarantee authority for which applicants
 have applied for loan guarantees2  7#c7

 no loan guarantee has been issued to a 
fossil energy project by the ,secretary 
of ,energy under a loan guarantee2  7#d7
 advanced fossil energy technologies    
could significantly improve the         
efficiency of the conversion of coal to 
useful energy2  7#e7 the use of advanced
 fossil energy technologies could result
 in dramatic reductions of greenhouse   
gases and other emissions from coal use2
 and  7#f7 a report issued by the       
,national ,coal ,council in ,january    
#bjae concludes that-- 7,a7 funding for 
carbon capture and storage projects is a
 major challenge2 and  7,b7 as of the   
date of enactment of this ,act1 each    
large-scale carbon capture and storage  
project under development has both      
public and private funding so as to     
minimize the risk exposure of the       
project4  #c4 ,program study  7a7 ,in   
general ,not later than #ahj days after 
the date of enactment of this ,act1 the 
,secretary of ,energy shall carry out1  
and submit to ,congress a report        

describing the results of1 a study on   
the effectiveness of the advanced fossil
 loan guarantee incentive program and   
other incentive programs for advanced   
fossil energy of the ,department of     
,energy4  7b7 ,contents ,in carrying out
 the study under subsection 7#a71 the   
,secretary of ,energy shall-- 7#a7      
solicit industry and stakeholder input2 
7#b7 evaluate the effectiveness of the  
advanced fossil loan guarantee incentive
 program1 alone or in combination with  
other incentives1 in advancing carbon   
capture and storage technology2  7#c7   
review each ,federal incentive provided 
by the ,department of ,energy and other 
,federal agencies for carbon capture and
 storage demonstration projects to      
determine the adequacy and effectiveness
 of the combined ,federal incentives in 
advancing carbon capture and storage and
 advanced fossil energy technologies2   
7#d7 assess whether combinations of the 
incentive programs in existence as of   
the date of enactment of this ,act could

 be effective to advance carbon capture 
and storage and advanced fossil energy  
technologies2 and  7#e7 evaluate the    
impact of implementing the              
recommendations described in the        
,january #bjae ,national ,coal ,council 
report entitled ,fossil ,forward3       
,revitalizing ,,ccs1 ,bringing ,scale   
and ,speed to ,,ccs ,deployment on the  
effectiveness of the advanced fossil    
loan guarantee program4