,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #ijed ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #bh1 #bjbj,mr4 ,mc,kinley 7= himself & ,mr4 ,s*rad]7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,en]gy & ,comm]ce1 & 9 addition to ! ,committees on ,sci5ce1 ,space1 & ,te*nology1 ,ways & ,means1 ,natural ,res\rces1 ,transportation & ,infra/ructure1 & ,ov]sight & ,re=m1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to advance clean p[] te*nology developm5t & use ?r\gh innovation & clean en]gy /&>ds1 & = o!r purposes4 #a4 ,%ort title2 purposes 7a7 ,%ort title ,?is ,act may be cit$ z ! ,clean ,en]gy ,future ,?r\gh ,innovation ,act ( #bjbj4 7b7 ,purposes ,! purposes ( ?is ,act are-- 7#a7 to fur!r develop1 demon/rate1 & deploy a broad range ( advanc$ l[- & z]o-c>bon p[] te*nologies1 includ+ te*nologies relat$ to ! g5]ation1 /orage1 transmission1 security1 resili5ce1 & effici5t use ( electric p[]2 & 7#b7 to build a competitive m>ket = advanc$ l[- & z]o-c>bon te*nologies & a robu/ work=ce1 supply *a91 & relat$ legal1 comm]cial1 & physical infra/ructure4 #b4 ,def9itions2 table ( cont5ts 7a7 ,def9itions ,except z o!rwise provid$1 9 ?is ,act3 7#a7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,en]gy4 7#b7 ,dep>tm5t ,! t]m ,dep>tm5t means ! ,dep>tm5t ( ,en]gy4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 purposes4,sec4 #b4 ,def9itions2 table ( cont5ts4,title ,i--,c>bon ,capture1 ,utilization1 & ,storage,subtitle ,a--,rese>*1 ,developm5t1 & ,demon/ration = ,c>bon ,capture1 ,utilization1 & ,/orage ,technologies,sec4 #aaa4 ,fossil en]gy objectives4,sec4 #aab4 ,c>bon capture te*nologies4,sec4 #aac4 ,c>bon /orage validation & te/+4,sec4 #aad4 ,c>bon utilization4,sec4 #aae4 ,advanc$ en]gy sy/ems4,subtitle ,b--,deploym5t ( ,c>bon ,capture1 ,utilization1 & ,/orage ) ,comm]cial-,scale ,electricity ,g5]ation ,facilities,sec4 #aba4 ,deploym5t ( c>bon capture1 utilization1 & /orage te*nology ) comm]cial-scale electricity g5]ation facilities4,subtitle ,c--,f$]al ,support = ,comm]cial ,deploym5t ( ,c>bon ,capture1 ,utilization1 & ,storage,sec4 #aca4 ,enhancem5t ( c>bon dioxide seque/ration cr$it4,sec4 #acb4 ,re=m ( loan gu>antee program4,sec4 #acc4 ,private activity bonds = c>bon dioxide capture facilities4,sec4 #acd4 ,ext5sion ( publicly trad$ p>tn]%ip own]%ip /ructure4,sec4 #ace4 ,production tax cr$it = c]ta9 electricity g5]ation us+ c>bon capture utilization & /orage4,sec4 #acf4 ,elective paym5t ( cr$it4,subtitle ,d--,support = ,c>bon ,dioxide ,transportation & ,seque/ration ,infrastructure,sec4 #ada4 ,secur+ geologic res]voirs = c>bon dioxide4,sec4 #adb4 ,f9ancial assi/ance = c>bon dioxide seque/ration infra/ructure developm5t4,sec4 #adc4 ,geologic c>bon dioxide seque/ration utilities4,sec4 #add4 ,coord9at$ ,f$]al p]mitt+ = c>bon dioxide pipel9e & seque/ration facilities4,sec4 #ade4 ,int]ag5cy task =ce on c>bon dioxide pipel9es4,title ,,ii--,innovation 9 ,r5ewable ,en]gy1 ,en]gy ,effici5cy1 & ,storage,sec4 #bja4 ,e/abli%m5t ( te*nology p]=mance & co/ t>gets4,sec4 #bjb4 ,advanc$ innovation & comm]cialization program4,sec4 #bjc4 ,updat+ mobile homes4,sec4 #bjd4 ,inve/m5t tax cr$its = en]gy batt]y /orage1 (f%ore w9d1 & c]ta9 hydrop[] te*nologies4,sec4 #bje4 ,ext5sion ( production tax cr$it = sol> & on-%ore w9d4,sec4 #bjf4 ,r5ewal ( qualify+ advanc$ en]gy project cr$it4,sec4 #bjg4 ,p]=mance-bas$ tax cr$its = comm]cial & resid5tial build+s4,sec4 #bjh4 ,ext5sion ( publicly trad$ p>tn]%ip own]%ip /ructure to r5ewable en]gy projects4,sec4 #bji4 ,manufactur] cr$it = high-effici5cy heat pumps & heat pump wat] heat]s4,sec4 #baj4 ,o!r au?orizations ( appropriations4,title ,,iii--,exi/+ & ,advanc$ ,nucle> ,p[] ,plants,sec4 #cja4 ,z]o-emissions cr$it program4,sec4 #cjb4 ,inve/m5t tax cr$it = nucle> en]gy prop]ty4,sec4 #cjc4 ,exp&+ ,f$]al clean electricity pur*as+ requirem5ts4,sec4 #cjd4 ,mod]niz+ ! ,nucle> ,regulatory ,commission4,sec4 #cje4 ,demon/ration & e>ly deploym5t ( advanc$ nucle> reactors4,sec4 #cjf4 ,advanc$ nucle> fuel security program4,sec4 #cjg4 ,au?orization ( appropriations = loan gu>antees = advanc$ nucle> facilities4,sec4 #cjh4 ,exp&+ ! production tax cr$it = nucle> p[]4,sec4 #cji4 ,au?orizations ( appropriations = innovation 9 nucle> p[]4,title ,,iv--,clean ,electricity ,standard,sec4 #dja4 ,c]tification ( co/-effective m>ket p5etration ( clean electricity te*nologies4,sec4 #djb4 ,f$]al clean electricity /&>d4,sec4 #djc4 ,regional clean electricity plann+ models4,sec4 #djd4 ,/&-by emission p]=mance /&>ds4 ,i ,c>bon ,capture1 ,utilization1 & ,/orage ,a ,rese>*1 ,developm5t1 & ,demon/ration = ,c>bon ,capture1 ,utilization1 & ,/orage ,te*nologies #aaa4 ,fossil en]gy objectives ,section #ifa ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbia7 is am5d$-- 7#a7 9 subsection 7a71 by add+ at ! end ! foll[+3 7#h7 ,improv+ ! conv]sion1 use1 & /orage ( c>bon dioxide produc$ f fossil fuels4 7#i7 ,l[]+ gre5h\se gas emissions = all fossil fuel production1 g5]ation1 deliv]y1 & utilization 9 electricity g5]ation & o!r indu/ry1 to ! maximum ext5t possible4 7#aj7 ,prev5t+1 pr$ict+1 monitor+1 & mitigat+ ! un9t5d$ leak+ ( c>bon dioxide or o!r fossil fuel-relat$ emissions into ! atmosph]e4 7#aa7 ,develop+ c>bon utilization te*nologies1 products1 & me?ods1 includ+ c>bon use & reuse = comm]cial application4 7#ab7 ,develop+ c>bon capture te*nologies1 includ+ direct air capture te*nologies4 2 7#b7 9 subsection 7b71 by /rik+ p>agraphs 7#a7 ?r\gh 7#c7 & ins]t+ ! foll[+3 7#a7 #b1bjj1jjj1jjj = fiscal ye> #bjba2 7#b7 #b1bjj1jjj1jjj = fiscal ye> #bjbb2 7#c7 #b1bjj1jjj1jjj = fiscal ye> #bjbc2 7#d7 #b1bjj1jjj1jjj = fiscal ye> #bjbd2 & 7#e7 #b1bjj1jjj1jjj = fiscal ye> #bjbe4 2 & 7#c7 by /rik+ subsections 7c7 ?r\gh 7e7 & ins]t+ ! foll[+3 7c7 ,limitation ,none ( ! funds au?oriz$ "u ?is section may be us$ = ,fossil ,en]gy ,environm5tal ,re/oration or ,import_/,export ,au?orization4 4 #aab4 ,c>bon capture te*nologies 7a7 ,c>bon capture program ,section #ifb ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbib7 is am5d$ to read z foll[s3 #ifb4 ,c>bon capture te*nologies 7a7 ,9 g5]al ,! ,secret>y %all conduct a program ( rese>*1 developm5t1 demon/ration1 & comm]cial application ( c>bon capture te*nologies4 ,! program %all advance ! developm5t & use (-- 7#a7 c>bon capture te*nologies 9 conjunction ) coal & natural gas utilization 9 p[] sy/ems & indu/ry2 7#b7 innovations to improve ! effici5cy (1 & decrease emissions at1 exi/+ p[] plants2 7#c7 advanc$ sep>ation te*nologies & direct air capture te*nologies2 & 7#d7 c>bon capture te*nologies us$ 9 conjunction ) ! production f fossil fuel ( hydrog5 or ammonia to be us$ 9 p[] sy/ems4 7b7 ,coal applications ,9 conduct+ ! program "u subsection 7a71 ! ,secret>y %all devote sub/antial res\rces to c>bon capture te*nologies = coal applications4 7c7 ,l>ge-,scale pilots 7#a7 ,9 g5]al ,9 support+ te*nology developm5t activities "u ?is section1 ! ,secret>y is enc\rag$ to support l>ge-scale pilot projects t te/ c>bon capture te*nologies on p[] sy/ems4 ,support = su* l>ge-scale pilot projects %all be subject to ! co/ %>+ requirem5ts 9 section #ihh7;b74 7#b7 ,def9ition ,= purposes ( ?is section1 ! t]m l>ge-scale pilot project means a pilot project t-- 7,a7 repres5ts ! scale ( te*nology developm5t beyond laboratory developm5t & b5* scale te/+1 b n yet advanc$ to ! po9t ( be+ te/$ "u op]ational conditions at comm]cial scale2 7,b7 repres5ts ! scale ( te*nology necess>y to ga9 ! op]ational data ne$$ to und]/& ! te*nical & p]=mance risks ( ! te*nology be=e ! application ( t te*nology at comm]cial scale or 9 comm]cial-scale demon/ration2 & 7,c7 is l>ge en\gh-- 7i7 to validate scal+ factors2 & 7ii7 to demon/rate ! int]action betwe5 major compon5ts s t control philosophies = a new process c be develop$ & enable ! te*nology to advance f l>ge-scale pilot plant application to comm]cial-scale demon/ration or application4 7d7 ,co/ & p]=mance goals ,9 c>ry+ out ! developm5t1 demon/ration1 & comm]cial application activities "u subsection 7a71 ! ,secret>y %all consid] co/ & p]=mance goals1 9 ord] to advance developm5t & deploym5t ( c>bon capture te*nologies t c become co/ competitive 9 comm]cial applications4 7e7 ,c>bon capture pilot te/ c5t]s 7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ! ,clean ,en]gy ,future ,?r\gh ,innovation ,act ( #bjbj1 ! ,secret>y %all aw>d grants to "o or m entities = ! op]ation ( ,c>bon ,capture ,te/ ,c5t]s 79 ?is subsection ref]r$ to z ! ,c5t]s7 to provide unique te/+ capabilities = innovative p[] sy/em te*nologies to capture c>bon dioxide or o!rwise produce a c>bon dioxide /ream suitable = utilization or /orage4 7#b7 ,purpose ,! ,c5t]s %all-- 7,a7 advance rese>*1 developm5t1 demon/ration1 & comm]cial application ( c>bon capture te*nologies = p[] sy/ems2 & 7,b7 te/ te*nologies t repres5t ! scale ( te*nology developm5t beyond laboratory te/+1 b n yet advanc$ to te/+ "u op]ational conditions at comm]cial scale4 7#c7 ,application ,an entity seek+ to op]ate a ,c5t] "u ?is subsection %all submit to ! ,secret>y an application at su* "t & 9 su* mann] z ! ,secret>y may require4 7#d7 ,crit]ia ,9 evaluat+ applications to op]ate ! ,c5t]s "u ?is subsection1 ! ,secret>y %all prioritize grants to applicants t meet "o or m ( ! foll[+ crit]ia3 7,a7 ,! applicant has access to exi/+ or plann$ rese>* facilities ) modul> te*nology capabilities4 7,b7 ,! applicant is an in/itution ( high] education ) e/abli%$ exp]tise 9 eng9e]+ & design = c>bon capture te*nologies1 or has a p>tn]%ip ) su* an in/itution4 7,c7 ,! applicant has access to exi/+ rese>* & te/ facilities = precombu/ion1 po/combu/ion1 or oxy-combu/ion te*nologies4 7,d7 ,! applicant has capability to te/ integration ( c>bon capture te*nologies ) utility-scale p[] plants4 7,e7 ,comm]cial m>ket p>ticipants1 includ+ equipm5t & te*nology suppli]s & p[] g5]ators1 are involv$ 9 ! propos$ ,c5t]4 7#e7 ,consid]ations ,9 aw>d+ grants = ! op]ation ( ! ,c5t]s "u ?is subsection1 ! ,secret>y %all ensure t-- 7,a7 ! ,c5t]s support pilot te/+ appropriate to div]se regions & res\rce *>act]i/ics2 & 7,b7 ea* ,c5t] receiv+ su* a grant demon/rates unique rese>* capabilities1 unique regional b5efits1 or new te*nology developm5t opportunities4 7#f7 ,s*$ule ,ea* grant to op]ate a ,c5t] "u ?is subsection %all be aw>d$ = a t]m ( n m ?an #e ye>s1 subject to ! availability ( appropriations4 ,! ,secret>y may r5ew su* #e-ye> t]m )\t limit1 subject to a rigor\s m]it review4 7#g7 ,co/ %>+ ,! ,secret>y %all require co/ %>+ "u ?is subsection 9 accordance ) section #ihh7;b74 7#h7 ,t]m9ation ,! ,secret>y may elim9ate a ,c5t] dur+ any #e-ye> t]m describ$ 9 p>agraph 7#f7 if su* ,c5t] is f\nd to be und]p]=m+4 7f7 ,demon/ration projects 7#a7 ,9 g5]al ,! ,secret>y may fund comm]cial-scale demon/ration projects = p[] sy/ems t te/ ! scale ( te*nology necess>y = comm]cial op]ation1 9 accordance ) ?is subsection4 7#b7 ,eng9e]+ & design /udies ,! ,secret>y is au?oriz$ to fund eng9e]+ & design /udies = comm]cial-scale demon/ration projects = p[] sy/ems 9 addition to1 or 9 advance (1 issu+ an aw>d = a demon/ration project "u ?is subsection4 7#c7 ,application ,an entity seek+ an aw>d to conduct a demon/ration project "u ?is subsection %all submit to ! ,secret>y an application at su* "t & 9 su* mann] z ! ,secret>y may require4 7#d7 ,limitations ,! ,secret>y may only provide an aw>d "u ?is subsection aft] review+ ea* application reg>d+-- 7,a7 ! f9ancial /r5g? ( ! applicant2 7,b7 ! con/ruction s*$ule = ! propos$ demon/ration project2 7,c7 ! m>ket risk fac$ by ! te*nology to be demon/rat$2 & 7,d7 ! exp]i5ce ( ! applicant & con/ruction contractor ) simil> projects4 7#e7 ,requirem5ts ,a demon/ration project fund$ "u ?is subsection %all-- 7,a7 utilize te*nologies t h complet$ pilot-scale te/+ or ! equival5t1 z det]m9$ by ! ,secret>y2 7,b7 secure & ma9ta9 agreem5ts = ! utilization or seque/ration ( captur$ c>bon dioxide2 & 7,c7 ^u completion1 demon/rate c>bon capture te*nologies on a p[] sy/em4 7#f7 ,co/ %>+ ,! ,secret>y %all require co/ %>+ "u ?is subsection 9 accordance ) section #ihh4 7g7 ,def9ition ( p[] sy/em ,9 ?is section1 ! t]m p[] sy/em means any electricity g5]at+ unit t utilizes fossil fuels to g5]ate electricity provid$ to ! electric grid or directly to a consum]4 7h7 ,au?orization ( appropriations ,= activities "u ?is section1 !re are au?oriz$ to be appropriat$ to ! ,secret>y-- 7#a7 #fjj1jjj1jjj = fiscal ye> #bjba2 7#b7 #fjj1jjj1jjj = fiscal ye> #bjbb2 7#c7 #fjj1jjj1jjj = fiscal ye> #bjbc2 7#d7 #fjj1jjj1jjj = fiscal ye> #bjbd2 & 7#e7 #fjj1jjj1jjj = fiscal ye> #bjbe4 4 7b7 ,,gao /udy 7#a7 ,9 g5]al ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a /udy ( ! ,dep>tm5t's successes1 failures1 practices1 & improvem5ts 9 c>ry+ out demon/ration projects = c>bon capture te*nologies = p[] sy/ems4 ,9 conduct+ ! /udy1 ! ,comptroll] ,g5]al %all consid]1 at a m9imum-- 7,a7 applicant & contractor qualifications2 7,b7 project managem5t practices at ! ,dep>tm5t2 7,c7 economic or m>ket *anges & o!r factors impact+ project viability2 7,d7 completion ( ?ird-p>ty agreem5ts1 includ+ p[] pur*ase agreem5ts & c>bon dioxide (ftake agreem5ts2 7,e7 regulatory *all5ges2 & 7,f7 con/ruction *all5ges4 7#b7 ,report ,n lat] ?an #c ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ,congress a report on ! results ( ! /udy requir$ "u p>agraph 7#a74 7#c7 ,consid]ation ,! ,secret>y %all consid] any relevant recomm5dations1 z det]m9$ by ! ,secret>y1 provid$ 9 ! /udy requir$ "u p>agraph 7#a71 & %all adopt su* recomm5dations z ! ,secret>y consid]s appropriate4 7#d7 ,p[] sy/em def9$ ,9 ?is section1 ! t]m p[] sy/em means any electricity g5]at+ unit t utilizes fossil fuels to g5]ate electricity provid$ to ! electric grid or directly to a consum]4 #aac4 ,c>bon /orage validation & te/+ ,section #ifc ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbic7 is am5d$ to read z foll[s3 #ifc4 ,c>bon /orage validation & te/+ 7a7 ,c>bon /orage ,! ,secret>y %all c>ry out a program ( rese>*1 developm5t1 & demon/ration = c>bon /orage4 ,! program %all-- 7#a7 9 coord9ation ) relevant ,f$]al ag5cies1 develop & ma9ta9 mapp+ tools & res\rces t assess ! capacity ( geologic /orage =mations 9 ! ,unit$ ,/ates2 7#b7 develop monitor+ tools1 model+ ( geologic =mations1 & analyses to pr$ict & v]ify c>bon dioxide conta9m5t & acc\nt = seque/]$ c>bon dioxide 9 geologic /orage sites2 7#c7 rese>* pot5tial environm5tal1 safety1 & heal? impacts 9 ! ev5t ( a leak to ! atmosph]e or to an aquif]1 & any correspond+ mitigation actions or responses to limit h>mful consequ5ces2 7#d7 evaluate ! int]actions ( c>bon dioxide ) =mation solids & fluids1 includ+ ! prop5sity ( injections to induce seismic activity2 7#e7 assess & ensure ! safety ( op]ations relat$ to geologic seque/ration ( c>bon dioxide2 7#f7 det]m9e ! fate ( c>bon dioxide concurr5t ) & foll[+ injection into geologic =mations2 & 7#g7 provide in=mation to ,/ate1 local1 & ,tribal gov]nm5ts1 ! ,environm5tal ,protection ,ag5cy1 & o!r appropriate entities1 to support developm5t ( a regulatory framework = comm]cial-scale seque/ration op]ations t ensure ! protection ( human heal? & ! environm5t4 7b7 ,geologic sett+s ,9 c>ry+ out rese>* activities "u ?is section1 ! ,secret>y %all consid] a v>iety ( c&idate geologic sett+s1 includ+-- 7#a7 op]at+ oil & gas fields2 7#b7 deplet$ oil & gas fields2 7#c7 residual oil zones2 7#d7 unconv5tional res]voirs & rock types2 7#e7 unm9eable coal seams2 7#f7 deep sal9e =mations2 7#g7 deep geologic sy/ems t may be us$ z eng9e]$ res]voirs to extract economical quantities ( br9e f geo!rmal res\rces ( l[ p]meability or porosity2 7#h7 deep geologic sy/ems conta9+ 9 situ c>bon dioxide m9]alization =mations2 & 7#i7 (f%ore geologic =mations4 7c7 ,regional c>bon seque/ration p>tn]%ips 7#a7 ,9 g5]al ,! ,secret>y %all c>ry out l>ge-scale c>bon seque/ration demon/rations = geologic conta9m5t ( c>bon dioxide to collect & validate in=mation on ! co/ & feasibility ( comm]cial deploym5t ( te*nologies = ! geologic conta9m5t ( c>bon dioxide4 ,! ,secret>y may fund new demon/rations or exp& ! "w complet$ at "o or m ( ! exi/+ regional c>bon seque/ration p>tn]%ips4 7#b7 ,demon/ration compon5ts ,ea* demon/ration describ$ 9 p>agraph 7#a7 %all include longitud9al te/s involv+ c>bon dioxide injection & monitor+1 mitigation1 & v]ification op]ations4 7#c7 ,cle>+h\se ,! ,national ,en]gy ,te*nology ,laboratory %all act z a cle>+h\se ( %>$ in=mation & res\rces = ! regional c>bon seque/ration p>tn]%ips & any new demon/rations fund$ "u ?is section4 7#d7 ,report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,clean ,en]gy ,future ,?r\gh ,innovation ,act ( #bjbj1 ! ,secret>y %all provide to ,congress a report t-- 7,a7 assesses ! progress ( all regional c>bon seque/ration p>tn]%ips2 7,b7 id5tifies ! rema9+ *all5ges 9 a*iev+ c>bon seque/ration t is reliable & safe = ! environm5t & public heal?2 & 7,c7 creates a roadmap to integrate geologic seque/ration sites & c>bon utilization ) l>ge s\rces ( c>bon dioxide 9 ! ,unit$ ,/ates economy4 7#e7 ,l>ge-scale c>bon seque/ration demon/ration ,= purposes ( ?is subsection1 l>ge-scale c>bon seque/ration demon/ration means ! injection ( m ?an #a1jjj1jjj tons ( c>bon dioxide annually or injection at a scale t demon/rates ! ability to inject & seque/] sev]al million metric tons c>bon dioxide = at lea/ #aj ye>s4 7d7 ,integrat$ /orage projects ,! ,secret>y may c>ry out a program = purposes ( transition+ ! l>ge-scale /orage demon/rations "u subsection 7c7 into integrat$1 comm]cial /orage complexes4 ,! program %all focus on-- 7#a7 qualify+ geologic /orage sites 9 ord] to accept l>ge volumes ( c>bon dioxide acceptable = comm]cial contracts2 7#b7 und]/&+ ! te*nical & comm]cial viability ( /orage sites2 7#c7 develop+ ! qualification processes t w be necess>y = a div]se range ( geologic /orage sites to comm]cially accept c>bon dioxide2 & 7#d7 any o!r activities ! ,secret>y deems necess>y to transition ! l>ge-scale demon/ration /orage projects into comm]cial v5tures4 7e7 ,co/ %>+ ,! ,secret>y %all require co/ %>+ "u ?is section 9 accordance ) section #ihh4 7f7 ,f$]al data collection ,! ,secret>y1 9 coord9ation ) o!r ,f$]al ag5cies includ+ ! ,unit$ ,/ates ,geological ,survey1 %all cont9ue & exp& ongo+ ,f$]al data collection & analysis activities relat$ to c>bon dioxide /orage1 economics1 & spatial relation%ips on a local & regional scale1 9 coord9ation ) ,/ate & regional entities4 7g7 ,au?orization ( appropriations ,= activities "u ?is section1 !re are au?oriz$ to be appropriat$ to ! ,secret>y-- 7#a7 #bej1jjj1jjj = fiscal ye> #bjba2 7#b7 #bej1jjj1jjj = fiscal ye> #bjbb2 7#c7 #bej1jjj1jjj = fiscal ye> #bjbc2 7#d7 #bej1jjj1jjj = fiscal ye> #bjbd2 & 7#e7 #bej1jjj1jjj = fiscal ye> #bjbe4 4 #aad4 ,c>bon utilization 7a7 ,program ,subtitle ,f ( title ,,ix ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbia et seq47 is am5d$ by add+ at ! end ! foll[+3 #ifi4 ,c>bon utilization 7a7 ,9 g5]al ,! ,secret>y %all c>ry out a program ( rese>*1 developm5t1 & demon/ration = c>bon utilization4 ,! program %all-- 7#a7 assess & monitor pot5tial *anges 9 life cycle c>bon dioxide emissions1 & o!r environm5tal safety indicators ( new te*nologies1 practices1 processes1 or me?ods1 us$ 9 enhanc$ hydroc>bon recov]y2 7#b7 id5tify & evaluate novel uses = c>bon1 includ+ ! conv]sion ( c>bon dioxide = comm]cial & indu/rial products1 su* z-- 7,a7 *emicals2 7,b7 pla/ics2 7,c7 build+ mat]ials2 7,d7 fuels2 7,e7 cem5t2 or 7,f7 products ( coal utilization 9 p[] sy/ems 7z su* t]m is def9$ 9 section #ifb7;e771 or o!r applications2 & 7#c7 id5tify & develop alt]native uses = coal1 includ+ products d]iv$ f c>bon eng9e]+1 c>bon fib]1 & coal conv]sion me?ods4 7b7 ,au?orization ( appropriations ,= activities "u ?is section1 !re are au?oriz$ to be appropriat$ to ! ,secret>y-- 7#a7 #ge1jjj1jjj = fiscal ye> #bjba2 7#b7 #ge1jjj1jjj = fiscal ye> #bjbb2 7#c7 #ge1jjj1jjj = fiscal ye> #bjbc2 7#d7 #ge1jjj1jjj = fiscal ye> #bjbd2 & 7#e7 #ge1jjj1jjj = fiscal ye> #bjbe4 4 7b7 ,/udy ,no lat] ?an "o ye> foll[+ ! date ( enactm5t ( ! ,clean ,en]gy ,future ,?r\gh ,innovation ,act ( #bjbj1 ! ,secret>y %all ent] into an agreem5t ) ! ,national ,academies to conduct a /udy assess+ ! b>ri]s & opportunities relat$ to comm]cializ+ ! utilization ( c>bon dioxide 9 ! ,unit$ ,/ates4 ,su* /udy %all-- 7#a7 analyze ! te*nical feasibility & relat$ *all5ges to comm]cial utilization ( c>bon dioxide1 includ+-- 7,a7 creat+ a national sy/em ( c>bon dioxide pipel9es2 7,b7 mitigat+ environm5tal impacts2 & 7,c7 regional economic *all5ges & opportunities2 7#b7 id5tify pot5tial m>kets1 indu/ries1 or sectors t may b5efit f great] access to comm]cial c>bon dioxide2 7#c7 assess ! curr5t /ate ( infra/ructure & any necess>y updates to all[ = ! integration ( safe & reliable c>bon dioxide transportation1 utilization1 & /orage2 7#d7 e/imate ! economic impact ( a well-integrat$ national c>bon dioxide pipel9e sy/em2 7#e7 assess ! global /atus & progress ( c>bon utilization te*nologies 7bo? *emical & biological7 9 practice today t utilize wa/e c>bon 7includ+ c>bon dioxide1 c>bon monoxide1 me?ane1 & biogas7 f p[] g5]ation1 bi(uels production1 & o!r indu/rial processes2 7#f7 id5tify em]g+ te*nologies & approa*es = c>bon utilization t %[ promise = scale-up1 demon/ration1 deploym5t1 & comm]cialization2 7#g7 analyze ! factors associat$ ) mak+ c>bon utilization te*nologies viable at a comm]cial scale1 includ+ c>bon wa/e /ream availability1 economics1 m>ket capacity1 en]gy1 & lifecycle requirem5ts2 7#h7 assess ! major te*nical *all5ges associat$ ) increas+ ! comm]cial viability ( c>bon reuse te*nologies1 & id5tify ! rese>* & developm5t que/ions t w address ^? *all5ges2 7#i7 assess curr5t rese>* ef=ts1 includ+ basic1 appli$1 eng9e]+1 & computational1 t are address+ ^! *all5ges & id5tify gaps 9 ! curr5t rese>* portfolio2 & 7#aj7 develop a compreh5sive rese>* ag5da t addresses bo? long- & %ort-t]m rese>* ne$s & opportunities4 #aae4 ,advanc$ en]gy sy/ems ,subtitle ,f ( title ,,ix ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbia et seq47 is fur!r am5d$ by add+ at ! end ! foll[+3 #ifi;,a4 ,advanc$ en]gy sy/ems 7a7 ,9 g5]al ,! ,secret>y %all c>ry out a program ( rese>*1 developm5t1 demon/ration1 & comm]cial application ( te*nologies t repres5t a significant *ange 9 ! me?ods us$ to g5]ate electricity f fuels & t w enable a /ep *ange 9 p]=mance1 effici5cy1 & co/ ( electricity1 & t r$uce emissions f fossil fuel p[] g5]ation 9 ! foll[+ areas3 7#a7 ,high-effici5cy turb9es = any advanc$ p[] sy/em t w lead to natural gas turb9e comb9$ cycle effici5cy ( #fg p]c5t or combu/ion turb9e effici5cy ( #ej p]c5t4 7#b7 ,sup]critical c>bon dioxide1 ) an emphasis on develop+ directly fir$ & indirectly fir$ cycles 9 ! next #aj ye>s4 7#c7 ,advanc$ combu/ion sy/ems1 includ+ oxy-combu/ion sy/ems & *emical loop+4 7#d7 ,gasification sy/ems to enable c>bon capture1 improve effici5cy1 & r$uce capital & op]at+ co/s4 7#e7 ,!rmal cycl+ ) ramp+ or rapid black />t capabilities t d n compromise effici5cy or environm5tal p]=mance4 7#f7 ,small-scale & modul> te*nologies ) r$uc$ c>bon outputs or c>bon capture t c support increm5tal p[] g5]ation capacity ne$s4 7#g7 ,turb9es & o!r te*nology = ! use ( hydrog5 & ammonia g5]at$ f fossil fuels = p[] g5]ation4 7b7 ,priority ,9 c>ry+ out ! program "u subsection 7a71 ! ,secret>y %all give priority to pot5tially trans=mational te*nologies t w\ld enable v sub/antial improvem5ts 9 p]=mance1 effici5cy1 or co/ ( electricity z comp>$ to ! te*nology 9 exi/5ce on ! date ( enactm5t ( ?is section4 7c7 ,au?orization ( appropriations ,= activities "u ?is section1 !re are au?oriz$ to be appropriat$ to ! ,secret>y #a1bge1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjbe4 4 ,b ,deploym5t ( ,c>bon ,capture1 ,utilization1 & ,/orage ) ,comm]cial-,scale ,electricity ,g5]ation ,facilities #aba4 ,deploym5t ( c>bon capture1 utilization1 & /orage te*nology ) comm]cial-scale electricity g5]ation facilities 7a7 ,9 g5]al ,subtitle ,b ( title ,,iv ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aeiga et seq47 is am5d$ by add+ aft] section #dag ! foll[+3 #dah4 ,f$]al support = deploym5t ( c>bon capture1 utilization1 & /orage ) electricity g5]ation 7a7 ,9 g5]al ,subject to ! limitations 9 subsection 7b71 ! ,secret>y %all provide support = deploym5t & use ( c>bon capture1 utilization1 & /orage at comm]cial-scale electricity g5]ation facilities by ent]+ into a contract = diff]5ces1 :i* may n exce$ a t]m ( m ?an #cj ye>s1 to provide price c]ta9ty = ! sale ( ! electricity g5]at$ by1 or c>bon dioxide captur$ by1 an eligible p[] sy/em to a ?ird p>ty4 7b7 ,limitations 7#a7 ,initial cap ,except z provid$ 9 p>agraph 7#b71 ! ,secret>y may n provide support describ$ 9 subsection 7a7-- 7,a7 = eligible p[] sy/ems ) m ?an #c gigawatt ( cumulative electricity g5]at+ capacity2 or 7,b7 9 a cumulative am\nt project$ to h a value exce$+ #aj1jjj1jjj1jjj4 7#b7 ,additional support requir$ ,if ! ,secret>y det]m9es1 bas$ on ! /udy und]tak5 pursuant to subsection 7c71 t additional support = ! comm]cial-scale deploym5t ( c>bon capture1 utilization1 & /orage at electricity g5]ation facilities beyond t provid$ "u p>agraph 7#a7 is requir$ to e/abli% ! m>ket viability ( c>bon capture1 utilization & /orage consi/5t ) ! purposes ( ?is title1 ! ,secret>y may provide support "u subsection 7a7 = additional eligible p[] sy/ems ) n m ?an #h gigawatts ( additional cumulative electricity g5]at+ capacity4 7c7 ,/udy ,! ,secret>y %all conduct a /udy to evaluate :e!r ! support provid$ "u subsection 7a71 comb9$ ) o!r ,f$]al programs & policies & ) comm]cial te*nology deploym5ts1 has e/abli%$ ! m>ket viability ( us+ c>bon capture1 utilization1 & /orage at comm]cial-scale electricity g5]at+ facilities consi/5t ) ! purposes ( ?is title4 ,! /udy %all be initiat$ no lat] ?an ! e>li] (-- 7#a7 ! date ! ,secret>y rea*es ! initial cap on support = eligible p[] sy/ems 9 subsection 7b77#a72 or 7#b7 ! date t is #g ye>s aft] ! date ( enactm5t ( ?is section4 7d7 ,application 7#a7 ,9 g5]al ,an entity seek+ support provid$ "u subsection 7a7 %all submit to ! ,secret>y an application at su* "t & 9 su* mann] z ! ,secret>y may require4 7#b7 ,crit]ia ,9 evaluat+ su* an application1 ! ,secret>y %all consid] te*nical1 f9ancial1 & o!r factors t ! ,secret>y det]m9es appropriate4 7e7 ,consid]ations ,9 implem5t+ subsection 7a71 ! ,secret>y %all seek to support ! use ( c>bon capture1 utilization1 & /orage ) projects cov]+ div]se fuel types & te*nologies1 includ+ fir/-(-its-k9d te*nology = c>bon capture1 utilization1 & /orage capacity4 7f7 ,def9itions ,9 ?is section3 7#a7 ,p[] sy/em ,! t]m p[] sy/em means an electricity g5]at+ unit t utilizes fossil fuels to g5]ate electricity t is provid$ to ! electric grid or directly to a consum]4 7#b7 ,eligible p[] sy/em ,! t]m eligible p[] sy/em means a p[] sy/em t-- 7,a7 is equipp$ ) c>bon capture te*nology1 or o!rwise produces a sep>ate c>bon dioxide /ream t is suitable = utilization or /orage2 7,b7 is design$ to capture c>bon dioxide t w\ld o!rwise be emitt$ by ! p[] sy/em2 & 7,c7 w utilize or /ore ! captur$ c>bon dioxide1 or has contract$ ) "o or m o!r entities to utilize or /ore ! captur$ c>bon dioxide4 4 7b7 ,table ( cont5ts am5dm5t ,! table ( cont5ts = ! ,en]gy ,policy ,act ( #bjje is am5d$ by add+ aft] ! item relat+ to section #dag ! foll[+3 ,sec4 #dah4 ,f$]al support = deploym5t ( c>bon capture1 utilization1 & /orage ) electricity g5]ation4 4 ,c ,f$]al ,support = ,comm]cial ,deploym5t ( ,c>bon ,capture1 ,utilization1 & ,/orage #aca4 ,enhancem5t ( c>bon dioxide seque/ration cr$it 7a7 ,ext5sion ( cr$it p]iod ,section #de,q7a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ #ab-ye> 9 p>agraph 7#c77;,a7 & ins]t+ #bj-ye>2 & 7#b7 by /rik+ #ab-ye> 9 p>agraph 7#d77;,a7 & ins]t+ #bj-ye>4 7b7 ,ext5sion ( qualifi$ facility con/ruction beg9n+ date ,section #de,q7d77#a7 ( su* ,code is am5d$ by /rik+ ,janu>y #a1 #bjbd & ins]t+ ,janu>y #a1 #bjcc4 #acb4 ,re=m ( loan gu>antee program ,section #agjc ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afeac7 is am5d$-- 7#a7 by /rik+ subsection 7e7 & ins]t+ ! foll[+3 7e7 ,qualification ( facilities receiv+ tax cr$its or f9ancial assi/ance ,not)/&+ any o!r provision ( law1 a project t receives tax cr$its or o!r f9ancial assi/ance = clean coal te*nology %all n be disqualifi$ f receiv+ a gu>antee "u ?is sub*apt]4 2 & 7#b7 by ins]t+ ! foll[+ new subsection aft] subsection 7e73 7f7 ,implem5tion ,9 implem5t+ ! au?ority "u ?is section ) respect to loan gu>antees issu$ aft] ! date ( enactm5t ( ! ,clean ,en]gy ,future ,?r\gh ,innovation ,act ( #bjbj1 ! ,secret>y %all-- 7#a7 adju/ fees & application requirem5ts to ! scale ( a project to ensure t ! co/s ( prep>+ & submitt+ an application are n an undue b>ri] to p>ticipation by small]1 l[] risk projects2 7#b7 ensure t program cr$it rat+ requirem5ts d n1 z appli$1 act z an ob/acle to p>ticipation 9 ! loan gu>antee program by fir/-(-a-k9d projects1 consi/5t ) ! purpose ( ! loan gu>antee program to enable debt f9anc+ = fir/-(-a-k9d projects t w\ld n o!rwise h access to comm]cial debt m>kets2 & 7#c7 = fir/-(-a-k9d projects1 cov] ! co/ ( ! gu>antee ) appropriat$ funds r ?an requir+ ! borr[] to pay "s or all ( ! co/ ( ! gu>antee "u section #agjb7;b74 4 #acc4 ,private activity bonds = c>bon dioxide capture facilities 7a7 ,9 g5]al ,section #adb7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ or at ! end ( p>agraph 7#ad71 by /rik+ ! p]iod at ! end ( p>agraph 7#ae7 & ins]t+ 1 or1 & by add+ at ! end ! foll[+ new p>agraph3 7#af7 qualifi$ c>bon dioxide capture facilities4 4 7b7 ,qualifi$ c>bon dioxide capture facility ,section #adb ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subsection3 7n7 ,qualifi$ c>bon dioxide capture facility 7#a7 ,9 g5]al ,= purposes ( subsection 7a77#af71 ! t]m qualifi$ c>bon dioxide capture facility means ! eligible compon5ts ( an indu/rial c>bon dioxide facility4 7#b7 ,def9itions ,= purposes ( ?is subsection-- 7,a7 ,eligible compon5t ,! t]m eligible compon5t means1 ) respect to any indu/rial c>bon dioxide facility1 any compon5t in/all$ 9 su* facility t-- 7i7 satisfies ! requirem5ts "u p>agraph 7#c71 & 7ii7 7,i7 is us$ = ! purpose ( capture1 treatm5t & purification1 compression1 transportation1 or on-site /orage ( c>bon dioxide produc$ by su* facility1 or 7,,ii7 is integral or functionally relat$ & subord9ate to a process describ$ 9 section #dh;,b7c77#b7 7det]m9$ by sub/itut+ c>bon dioxide = c>bon monoxide74 7,b7 ,indu/rial c>bon dioxide facility 7i7 ,9 g5]al ,! t]m indu/rial c>bon dioxide facility means a facility t emits c>bon dioxide 7includ+ f any fugitive emissions s\rce7 t is creat$ z a result ( any ( ! foll[+ processes3 7,i7 ,fuel combu/ion = electricity g5]ation or o!r purposes4 7,,ii7 ,gasification = electricity g5]ation or o!r purposes4 7,,iii7 ,bio9du/rial4 7,,iv7 ,f]m5tation4 7,v7 ,any manufactur+ indu/ry describ$ 9 section #dh;,b7c77#g74 7ii7 ,exceptions ,su* t]m %all n include-- 7,i7 any geological gas facility1 or 7,,ii7 any air sep>ation unit t does n qualify z gasification equipm5t or is n a necess>y compon5t ( an oxy-fuel combu/ion process1 a sup]critical c>bon dioxide process1 or o!r advanc$ p[] sy/em4 7iii7 ,geological gas facility ,! t]m geological gas facility means a facility t-- 7,i7 produces a raw product consi/+ ( gas or mix$ gas & liquid f a geological =mation1 7,,ii7 transports or removes impurities f su* product1 or 7,,iii7 sep>ates su* product into its con/itu5t p>ts4 7#c7 ,capture & /orage requirem5t ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 a compon5t %all n be treat$ z meet+ ! requirem5ts ( ?is p>agraph ) respect to an indu/rial c>bon dioxide facility unless su* compon5t has a capture & /orage p]c5tage t is at lea/ #fe p]c5t4 7,b7 ,exception ,9 ! case ( an indu/rial c>bon dioxide facility ) a capture & /orage p]c5tage t is less ?an #fe p]c5t1 a compon5t ) respect to su* facility %all n be treat$ z meet+ ! requirem5ts ( ?is p>agraph unless ! p]c5tage ( ! co/ ( su* compon5t t is f9anc$ by tax-exempt bonds is n great] ?an su* capture & /orage p]c5tage4 7,c7 ,capture & /orage p]c5tage 7i7 ,9 g5]al ,! capture & /orage p]c5tage %all be an am\nt1 express$ z a p]c5tage1 equal to ! quoti5t (-- 7,i7 ! total metric tons ( c>bon dioxide annually captur$1 transport$1 & inject$ into a facility = geologic /orage1 or an enhanc$ oil or gas recov]y well foll[$ by geologic /orage1 divid$ by 7,,ii7 ! total metric tons ( c>bon dioxide :i* w\ld o!rwise be releas$ into ! atmosph]e ea* ye> z indu/rial emission ( gre5h\se gas if ! compon5t 7 n in/all$ 9 ! indu/rial c>bon dioxide facility4 7ii7 ,limit$ application ( eligible compon5ts ,9 ! case ( eligible compon5ts t are design$ to capture c>bon dioxide solely f specific s\rces ( emissions or portions !re( )9 an indu/rial c>bon dioxide facility1 ! capture & /orage p]c5tage "u ?is subp>agraph %all be det]m9$ bas$ only on su* specific s\rces ( emissions or portions !re(4 4 7c7 ,volume cap ,section #adf7;g77#d7 ( su* ,code is am5d$ by /rik+ p>agraph 7#aa7 ( section #adb7;a7 7relat+ to high-spe$ int]city rail facilities7 & ins]t+ p>agraph 7#aa7 or 7#af7 ( section #adb7;a74 7d7 ,cl>ification ( private bus9ess use ,section #ada7;b77#f7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,c7 ,cl>ification relat+ to qualifi$ c>bon dioxide capture facilities ,= purposes ( ?is subsection1 ! sale ( c>bon dioxide produc$ by a qualifi$ c>bon dioxide capture facility 7z def9$ 9 section #adb7n77 :i* is own$ by a gov]nm5tal unit %all n con/itute private bus9ess use4 4 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to obligations issu$ aft] ! date ( enactm5t ( ?is ,act4 #acd4 ,ext5sion ( publicly trad$ p>tn]%ip own]%ip /ructure 7a7 ,9 g5]al ,section #ggjd7;d77#a77;,e7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ income & ga9s d]iv$ f ! exploration & ins]t+ income & ga9s d]iv$ f any ( ! foll[+3 7i7 ,! exploration 2 & 7#b7 by ins]t+ a p]iod aft] #dj;,a7d77#a7 & ins]t+ !reaft] ! foll[+3 7ii7 ,! production1 /orage1 or transportation ( any fuel :i*-- 7,i7 uses c>bon dioxide captur$ f an an?ropog5ic s\rce or ! atmosph]e z its prim>y fe$/ock1 & 7,,ii7 is det]m9$ by ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 to a*ieve a r$uction ( n less ?an a #fj p]c5t 9 lifecycle gre5h\se gas emissions 7z def9$ 9 section #baa7o77#a77;,h7 ( ! ,clean ,air ,act7 comp>$ to basel9e lifecycle gre5h\se gas emissions 7z def9$ 9 section #baa7o77#a77;,c7 ( su* ,act74 ,?is clause %all n apply to any fuel :i* uses z its prim>y fe$/ock c>bon dioxide :i* is delib]ately releas$ f naturally occurr+ subsurface spr+s4 7iii7 ,! production ( any product or ! g5]ation ( electric p[] f a project-- 7,i7 :i* meets ! requirem5ts ( subp>agraphs 7,a7 & 7,b7 ( section #dh;,b7c77#a71 & 7,,ii7 n less ?an #ge p]c5t ( ! total c>bon dioxide emissions ( :i* is qualifi$ c>bon oxide 7z def9$ 9 section #de,q7c77 :i* is dispos$ ( or utiliz$ z provid$ 9 p>agraph 7#f74 7iv7 ,! g5]ation or /orage ( electric p[] 7includ+ associat$ income f ! sale or m>ket+ ( en]gy1 capacity1 res\rce adequacy1 & ancill>y s]vices7 produc$ f any p[] g5]ation facility :i* is1 or f any p[] g5]ation unit )91 a qualifi$ facility "u section #de,q7d7 & n less ?an #ej p]c5t 7#cj p]c5t 9 ! case ( a facility or unit plac$ 9 s]vice be=e ,janu>y #a1 #bjag7 ( ! total c>bon dioxide emissions ( :i* is qualifi$ c>bon oxide :i* is dispos$ ( or utiliz$ z provid$ 9 p>agraph 7#g74 7v7 ,! sale ( any good or s]vice f any facility 7o!r ?an a p[] g5]ation facility7 :i* is a qualifi$ facility describ$ 9 section #de,q7c7 & ! captur$ qualifi$ c>bon oxide 7z s def9$7 ( :i* is dispos$ ( z provid$ 9 p>agraph 7#f74 4 7b7 ,disposal & utilization ( captur$ c>bon dioxide ,section #ggjd7;d7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#f7 ,disposal & utilization ( captur$ c>bon dioxide ,= purposes ( clauses 7iii77,,ii7 & 7iv77,,ii7 ( p>agraph 7#a77;,e71 c>bon dioxide is dispos$ ( or utiliz$ z provid$ 9 ?is p>agraph if su* c>bon dioxide is-- 7,a7 plac$ into secure geological /orage 7z det]m9$ "u section #de,q7f77#b771 7,b7 us$ z a t]ti>y injectant 7z def9$ 9 section #de,q7e77#c77 9 a qualifi$ enhanc$ oil or natural gas recov]y project 7z def9$ 9 section #de,q7e77#b77 & plac$ into secure geological /orage 7z s det]m9$71 7,c7 fix$ ?r\gh photosyn!sis or *emosyn!sis 7includ+ ?r\gh ! gr[+ ( algae or bact]ia71 7,d7 *emically conv]t$ to a mat]ial or *emical comp\nd 9 :i* x is securely /or$1 or 7,e7 us$ = any o!r purpose :i* ! ,secret>y det]m9es has ! pot5tial to /r5g!n or significantly develop a competitive m>ket = c>bon dioxide captur$ f man-made s\rces4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all take effect on ! date ( ! enactm5t ( ?is ,act1 9 taxable ye>s end+ aft] su* date4 #ace4 ,production tax cr$it = c]ta9 electricity g5]ation us+ c>bon capture utilization & /orage 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #de,u4 ,electricity produc$ us+ c>bon capture utilization & /orage te*nology 7a7 ,g5]al rule ,= purposes ( section #ch1 ! c>bon capture production cr$it = any taxable ye> is an am\nt equal to-- 7#a7 9 ! case ( a qualifi$ facility us+ fossil fuels1 ! product (-- 7,a7 ! megawatt h\rs ( electricity-- 7i7 produc$ by ! taxpay] at a qualifi$ facility dur+ ! #bj-ye> p]iod beg9n+ on ! date ! facility 0 orig9ally plac$ 9 s]vice1 & 7ii7 sold by ! taxpay] to an unrelat$ p]son dur+ ! taxable ye>1 multipli$ by 7,b7 7i7 #cj p] megawatt h\r 9 ! case ( a qualifi$ facility /or+ c>bon 9 secure geological /orage1 or 7ii7 #bd p] megawatt h\r 9 ! case ( a qualifi$ facility us+ captur$ c>bon oxide z a t]ti>y injectant 9 a qualifi$ enhanc$ oil or natural gas recov]y project1 multipli$ by 7,c7 ! disc\nt factor1 7#b7 9 ! case ( electricity g5]ation facilities us+ exclusively qualifi$ hydrog51 qualifi$ ammonia1 or qualifi$ bl5ds1 ! product (-- 7,a7 ! megawatt h\rs ( electricity-- 7i7 produc$ by ! taxpay] at a qualifi$ facility dur+ ! #bj-ye> p]iod beg9n+ on ! date ! facility 0 orig9ally plac$ 9 s]vice1 & 7ii7 sold by ! taxpay] to an unrelat$ p]son dur+ ! taxable ye>1 multipli$ by 7,b7 #ajj p] megawatt h\r4 7b7 ,def9itions ,= purposes ( ?is section3 7#a7 ,disc\nt factor ,! t]m disc\nt factor means an am\nt equal to #ij divid$ by ! annual c>bon dioxide emissions rate express$ 9 p\nds p] megawatt-h\r = a qualifi$ facility1 except t-- 7,a7 if ! annual c>bon dioxide emissions rate = a qualifi$ facility is less ?an #ij p\nds p] megawatt-h\r1 ! disc\nt factor is equal to #a1 & 7,b7 if ! annual c>bon dioxide emissions rate = a qualifi$ facility is great] #ahj p\nds p] megawatt-h\r1 ! disc\nt factor is equal to #j4 7#b7 ,qualifi$ ammonia ,! t]m qualifi$ ammonia means ammonia fuel produc$ ) less ?an #ag4e p\nds ( c>bon dioxide emissions p] million ,btu ( gross fuel heat+ value4 7#c7 ,qualifi$ bl5d ,! t]m qualifi$ bl5d means a bl5d ( qualifi$ hydrog5 or qualifi$ ammonia ) fossil fuel 9 :i* ! fossil fuel provides no m ?an #cj p]c5t ( ! heat+ value input4 7#d7 ,qualifi$ facility ,! t]m qualifi$ facility means an electricity g5]ation plant t-- 7,a7 is equipp$ ) c>bon capture equipm5t1 ! con/ruction ( :i* comm5c$ be=e ,janu>y #a1 #bjcc1 7,b7 captures c>bon oxide us+ c>bon capture equipm5t1 7,c7 /ores captur$ c>bon oxide 9 secure geological /orage or uses captur$ c>bon oxide z a t]ti>y injectant 9 a qualifi$ enhanc$ oil or natural gas recov]y project1 & 7,d7 has n be5 ! basis = a cr$it receiv$ "u section #de,q4 7#e7 ,qualifi$ hydrog5 ,! t]m qualifi$ hydrog5 means hydrog5 fuel produc$ ) less ?an #ag4e p\nds ( c>bon dioxide emissions p] million ,btu ( gross fuel heat+ value4 4 7b7 ,"p ( g5]al bus9ess cr$it ,section #ch7;,b7 ( su* ,code is am5d$ by /rik+ plus at ! end ( p>agraph 7#cb71 by /rik+ ! p]iod at ! end ( p>agraph 7#cc7 & ins]t+ 1 plus1 & by add+ at ! end ! foll[+ new p>agraph3 7#cd7 ! c>bon capture production cr$it "u section #de,u7a74 4 7c7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de,u4 ,electricity produc$ us+ c>bon capture utilization & /orage te*nology4 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to electricity sold & produc$ aft] ! date ( ! enactm5t ( ?is ,act4 #acf4 ,elective paym5t ( cr$it 7a7 ,sub*apt] ,b ( *apt] #fe ( ! ,int]nal ,rev5ue ,code is am5d$ by add+ at ! end ! foll[+ new section3 #fdca4 ,elective paym5t ( cr$its relat+ to c>bon oxide seque/ration 7a7 ,election ,9 ! case ( a taxpay] mak+ an election 7at su* "t & 9 su* mann] z ! ,secret>y may provide7 "u ?is section ) respect to any portion ( an applicable cr$it1 su* taxpay] %all be treat$ z mak+ a paym5t aga9/ ! tax impos$ by subtitle ,a = ! taxable ye> equal to ! am\nt ( su* portion4 7b7 ,def9itions & special rules ,= purposes ( ?is section-- 7#a7 ,gov]nm5tal entities treat$ z taxpay]s ,9 ! case ( an election "u ?is section-- 7,a7 any ,/ate or local gov]nm5t1 or a political subdivision !re(1 or 7,b7 an ,indian ,tribal gov]nm5t1 %all be treat$ z a taxpay] = purposes ( ?is section & det]m9+ any applicable cr$it4 7#b7 ,applicable cr$it ,! t]m applicable cr$it means ea* ( ! foll[+ cr$its t w\ld 7)\t reg>d to ?is section7 be det]m9$ ) respect to ! taxpay]3 7,a7 ,a c>bon oxide seque/ration cr$it "u section #de,q4 7,b7 ,a c>bon capture production cr$it "u section #de,u4 7#c7 ,indian tribal gov]nm5t ,! t]m ,indian ,tribal gov]nm5t %all h ! mean+ giv5 su* t]m by section #aci;,e4 7#d7 ,tim+ ,! paym5t describ$ 9 subsection 7a7 %all be treat$ z made on-- 7,a7 9 ! case ( any gov]nm5t1 or political subdivision1 to :i* p>agraph 7#a7 applies & = :i* no return is requir$ "u section #fjaa or #fjcc7;a71 ! lat] ( ! date t a return w\ld be due "u section #fjcc7;a7 if su* gov]nm5t or subdivision 7 describ$ 9 t section or ! date on :i* su* gov]nm5t or subdivision submits a claim = cr$it or refund 7at su* "t & 9 su* mann] z ! ,secret>y %all provide71 & 7,b7 9 any o!r case1 ! lat] ( ! due date ( ! return ( tax = ! taxable ye> or ! date on :i* su* return is fil$4 7#e7 ,waiv] ( special rules ,9 ! case ( an election "u ?is section1 ! det]m9ation ( any applicable cr$it %all be )\t reg>d to p>agraphs 7#c7 & 7#d77;,a77i7 ( section #ej7;b74 7c7 ,exclusion f gross income ,gross income ( ! taxpay] %all be det]m9$ )\t reg>d to ?is section4 7d7 ,d5ial ( d\ble b5efit ,solely = purposes ( section #ch1 9 ! case ( a taxpay] mak+ an election "u ?is section1 ! applicable cr$it %all be r$uc$ by ! am\nt ( ! portion ( su* cr$it ) respect to :i* ! taxpay] makes su* election4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = sub*apt] ,b ( *apt] #fe is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #fdcb4 ,elective paym5t ( cr$its relat$ to c>bon oxide seque/ration4 4 ,d ,support = ,c>bon ,dioxide ,transportation & ,seque/ration ,infra/ructure #ada4 ,secur+ geologic res]voirs = c>bon dioxide 7a7 ,9 g5]al ,subtitle ,b ( title ,,iv ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aeiga et seq47 is fur!r am5d$ by add+ aft] section #dah 7z add$ by ?is ,act7 ! foll[+ new section3 #dai4 ,secur+ geologic res]voirs = /orage ( c>bon dioxide 7a7 ,9 g5]al ,! ,secret>y %all e/abli% a program to-- 7#a7 id5tify geological =mations t are capable ( /or+1 cumulatively1 at lea/ #bej1jjj1jjj tons ( c>bon dioxide ) a t>get /orage co/ ( less ?an #aj p] ton2 7#b7 assess ! co/ ( develop+ & op]at+ a c>bon dioxide seque/ration facility at ! geological =mations id5tifi$ "u p>agraph 7#a72 & 7#c7 support ! developm5t ( su* c>bon dioxide seque/ration facility by provid+ grants or o!r appropriate f9ancial assi/ance to /orage facility develop]s to-- 7,a7 secure prop]ty rights t are necess>y to enable c>bon dioxide /orage 9 su* geologic =mations2 & 7,b7 obta9 necess>y p]mits & approval to enable c>bon dioxide /orage 9 su* geologic =mations4 7b7 ,geographic div]sity ,! ,secret>y %all c>ry out subsection 7a7 ) ! goal ( support+ developm5t ( c>bon dioxide seque/ration facilities t are capable ( /or+ significant volumes ( c>bon dioxide at reasonable co/ 9 ea* ( ! regions cov]$ by ! regional c>bon seque/ration p>tn]%ips e/abli%$ pursuant to section #ifc4 7c7 ,application ,an entity seek+ a grant or o!r appropriate f9ancial assi/ance provid$ "u ?is section %all submit to ! ,secret>y an application at su* "t & 9 su* mann] z ! ,secret>y may require4 7d7 ,co/ %>+ ,! ,secret>y %all consid] ! activities describ$ "u subsection 7a77#c7 to be subject to ! co/ %>e requirem5t = demon/ration & comm]cial application activities "u section #ihh7;c74 4 7b7 ,table ( cont5ts am5dm5t ,! table ( cont5ts = ! ,en]gy ,policy ,act ( #bjje is fur!r am5d$ by add+ aft] ! item relat+ to section #dah 7z add$ by ?is ,act7 ! foll[+3 ,sec4 #dai4 ,secur+ geologic res]voirs = /orage ( c>bon dioxide4 4 #adb4 ,f9ancial assi/ance = c>bon dioxide seque/ration infra/ructure developm5t 7a7 ,9 g5]al ,subtitle ,b ( title ,,iv ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aeiga et seq47 is fur!r am5d$ by add+ aft] section #dai 7z add$ by ?is ,act7 ! foll[+ new section3 #dbj4 ,c>bon dioxide seque/ration infra/ructure developm5t 7a7 ,9 g5]al ,! ,secret>y %all e/abli% a program to provide grants to support-- 7#a7 ! developm5t ( c>bon dioxide pipel9e infra/ructure t is necess>y to support ! transportation ( ! volumes ( c>bon dioxide t are expect$ to be captur$ at electricity g5]ation facilities to appropriate sites = long t]m seque/ration1 giv+ priority to pipel9e projects ( significant l5g? & significant ?r\ghput capacity2 & 7#b7 ! developm5t ( geologic seque/ration facilities t are necess>y to support long-t]m seque/ration ( ! volumes ( c>bon dioxide t are expect$ to be captur$ at electricity g5]ation facilities4 7b7 ,application ,applications = a grant provid$ "u ?is section %all be submitt$ at su* "t & 9 su* mann] z ! ,secret>y may require4 7c7 ,co/ %>+ ,! ,secret>y %all consid] support = ! developm5t ( c>bon dioxide pipel9e infra/ructure or ! developm5t ( geologic seque/ration facility "u subsection 7a7 to be subject to ! co/ %>e requirem5t = demon/ration & comm]cial application activities "u section #ihh7;c74 7d7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section #b1jjj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjbe4 4 7b7 ,table ( cont5ts am5dm5t ,! table ( cont5ts = ! ,en]gy ,policy ,act ( #bjje is fur!r am5d$ by add+ aft] ! item relat+ to section #dai 7z add$ by ?is ,act7 ! foll[+3 ,sec4 #dbj4 ,c>bon dioxide seque/ration infra/ructure developm5t4 4 #adc4 ,geologic c>bon dioxide seque/ration utilities 7a7 ,9 g5]al ,! ,secret>y1 9 collaboration ) ! ,secret>y ( ,transportation & ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 z appropriate1 may provide te*nical assi/ance to a ,/ate t is seek+ to-- 7#a7 e/abli% a gov]nm5t-own$ c>bon dioxide seque/ration utility2 or 7#b7 regulate a privately own$ c>bon dioxide seque/ration utility4 7b7 ,te*nical assi/ance ,te*nical assi/ance provid$ "u subsection 7a7 may include-- 7#a7 ) respect to a gov]nm5t-own$ c>bon dioxide seque/ration utility-- 7,a7 conduct+ eng9e]+ /udies to support ! developm5t ( a geologic seque/ration facility2 & 7,b7 id5tify+ pot5tial c>bon dioxide pipel9e r\tes2 & 7#b7 ) respect to ,/ate regulation ( a privately own$ c>bon dioxide seque/ration utility-- 7,a7 help+ ) ! developm5t ( a ,/ate p]mitt+ sy/em = a privately own$ c>bon dioxide seque/ration utility2 & 7,b7 assi/+ ) ! develop+ regulations = s]vices provid$ by a privately own$ c>bon dioxide seque/ration utility & ! sett+ ( rates *>g$ = su* s]vices4 7c7 ,report ,n lat] ?an #a ye> ( ! date ( enactm5t ( ?is section1 ! ,secret>y %all submit to ,congress a report t-- 7#a7 *>act]izes ,f$]al1 ,/ate1 & local regulations t apply to c>bon dioxide pipel9e & seque/ration facility developm5t & op]ation2 7#b7 id5tifies any gaps 9 applicable regulations or /&>ds t ne$ to be address$ to ensure t c>bon dioxide pipel9e & seque/ration facilities are op]at$ 9 a safe & effective mann]2 7#c7 evaluates :e!r regulation ( ! rates or t]ms ( s]vice = c>bon dioxide transportation s]vices or geologic seque/ration s]vices are necess>y to ensure fair access to su* s]vices2 7#d7 evaluates :e!r em95t doma9 au?ority is necess>y to enable developm5t ( c>bon dioxide infra/ructure 9 ! public int]e/2 & 7#e7 provides recomm5d$ *anges to ,f$]al law t w\ld support ! developm5t & use ( c>bon dioxide pipel9e & geologic seque/ration facilities 9 ! public int]e/4 #add4 ,coord9at$ ,f$]al p]mitt+ = c>bon dioxide pipel9e & seque/ration facilities ,section #dajja7f77;,a7 ( ! ,,fa/ ,act 7#db ,u4,s4,c4 #dcgjm note7#f77;,a77 is am5d$ by /rik+ pipel9es & ins]t+ pipel9es 7includ+ pipel9es = ! transportation ( c>bon dioxide71 facilities = ! geologic seque/ration ( c>bon dioxide4 #ade4 ,int]ag5cy task =ce on c>bon dioxide pipel9es 7a7 ,9 g5]al ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% an int]ag5cy task =ce 79 ?is section ref]r$ to z ! ,task ,=ce7 to assess ! pot5tial = a national sy/em ( c>bon dioxide pipel9es4 7b7 ,memb]%ip ,! ,task ,=ce %all include repres5tatives f ea* ( ! foll[+3 7#a7 ,! ,dep>tm5t ( ,en]gy4 7#b7 ,! ,dep>tm5t ( ! ,int]ior4 7#c7 ,! ,environm5tal ,protection ,ag5cy4 7#d7 ,! ,dep>tm5t ( ,transportation4 7#e7 ,! ,f$]al ,en]gy ,regulatory ,commission4 7#f7 ,/ate1 local1 & ,tribal gov]nm5ts4 7#g7 ,any o!r ,f$]al ag5cy t ! ,secret>y det]m9es has a significant int]e/ or role 9 developm5t ( a national sy/em ( c>bon dioxide pipel9es4 7c7 ,duties ,! ,task ,=ce %all-- 7#a7 conduct annual public work%ops to discuss ! pot5tial (1 & progress t[>ds1 an accessible & function+ national sy/em ( c>bon dioxide pipel9es2 7#b7 provide to ! public notice ( su* work%ops n less ?an #fj days be=e ! date on :i* ea* su* work%op is conduct$2 7#c7 submit to ,congress annual reports t summ>ize ! activities & progress ( ! ,task ,=ce2 & 7#d7 z soon z practical1 b n lat] ?an #e ye>s aft] ! date on :i* ! ,task ,=ce is e/abli%$1 submit to ,congress a report t provides a plan to e/abli% a national c>bon dioxide pipel9e sy/em1 :i* %all include-- 7,a7 in=mation & recomm5dations relat$ to eng9e]+1 build+1 sit+1 con/ruct+1 & ma9ta9+ a national c>bon dioxide pipel9e sy/em2 7,b7 recomm5dations = h[ to /reaml9e ! p]mitt+ process = new c>bon dioxide pipel9es2 7,c7 in=mation on h[ to integrate new c>bon dioxide pipel9es into exi/+ c>bon dioxide pipel9e infra/ructure2 7,d7 a det]m9ation on :e!r inc5tives or o!r policies are ne$$ to enc\rage ! utilization ( ! advanc$ leak detection & mitigation te*nology & monitor+ capabilities = ! national c>bon dioxide pipel9e sy/em2 7,e7 recomm5dations = h[ to regulate ! national c>bon dioxide pipel9e sy/em to ensure safety & mitigate environm5tal impacts2 & 7,f7 an id5tification ( o!r ,f$]al & ,/ate policy *all5ges relat$ to ! developm5t ( a national sy/em ( c>bon dioxide pipel9es4 7d7 ,sunset ,?is section %all cease to be effective on ! date t is #e ye>s aft] ! date on :i* ! ,task ,=ce is e/abli%$4 ,,ii ,innovation 9 ,r5ewable ,en]gy1 ,en]gy ,effici5cy1 & ,/orage #bja4 ,e/abli%m5t ( te*nology p]=mance & co/ t>gets 7a7 ,9 g5]al ,n lat] ?an "o ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% te*nology p]=mance & co/ t>gets = ?ree #e-ye> p]iods to address exi/+ gaps 9 te*nology1 ) ! fir/ su* p]iod />t+ on ! date ( enactm5t ( ?is section & ! la/ su* p]iod end+ on ! date t is #ae ye>s foll[+ enactm5t4 7b7 ,t>gets ,te*nology & p]=mance co/ t>gets %all be e/abli%$ = ea* ( ! foll[+ te*nology categories3 7#a7 ,advanc$ r5ewable p[] te*nologies1 :i* include-- 7,a7 l>ge-scale1 novel r5ewable p[] plants2 7,b7 r5ewable hydrog5 p[] plants1 includ+ plants = :i* ! hydrog5 comes f r5ewable natural gas or biogas2 7,c7 on-%ore or (f-%ore w9d p[]2 7,d7 !rmal or photovoltaic sol> p[]2 7,e7 hydrop[]2 7,f7 geo!rmal p[]2 7,g7 biomass p[]2 & 7,h7 advanc$ r5ewable en]gy manufactur+ te*niques4 7#b7 ,me*anical1 *emical1 & !rmal en]gy /orage te*nologies1 :i* include-- 7,a7 advanc$ grid-scale en]gy /orage te*nologies ) /orage durations 9 ! range ( #aj to #ej h\rs2 & 7,b7 grid-scale en]gy /orage projects t c economically balance electricity supply & dem& across seasons4 7#c7 ,electricity transmission te*nologies1 :i* include und]gr\nd high-voltage direct curr5t electricity transmission4 7#d7 ,comm]cial1 indu/rial1 & resid5tial en]gy effici5cy te*nologies1 :i* include-- 7,a7 retr(it packages t r$uce ! en]gy us$ by an av]age s+le-family home by at lea/ #ej p]c5t at a co/ ( no m ?an #be1jjj p] su* home2 7,b7 sm>t heat+1 v5tilation1 & air condition+ control te*nologies t-- 7i7 c be us$ 9 comm]cial build+s t h betwe5 #e1jjj & #cj1jjj squ>e feet ( floor area2 7ii7 c r$uce heat+1 v5tilation1 & air condition+ en]gy consumption by an av]age ( at lea/ #bj p]c5t comp>$ to av]age comm]cial build+s2 7iii7 yield en]gy co/ sav+s t c provide at lea/ a #ej-p]c5t annual return on ! orig9al inve/m5t2 & 7iv7 may include a cl\d-bas$ in=mation te*nology2 7,c7 ^? te*nologies t ! ,secret>y id5tifies z hav+ ! ability to improve en]gy effici5cy or r$uce emissions 9 heavy indu/ries1 :i* include ^? t produce or ref9e alum9um1 /eel1 cem5t1 oil1 or f]tiliz]2 & 7,d7 flexible load te*nology improvem5ts to r$uce peak dem&4 7#e7 ,indu/rial process & build+ electrification te*nologies1 :i* include-- 7,a7 heat pump space heat]s2 7,b7 heat pump wat] heat]s2 7,c7 induction /oves2 & 7,d7 advanc$ indu/rial process heat te*nologies4 7c7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out ?is section ! foll[+3 7#a7 ,) respect to ! advanc$ r5ewable en]gy te*nologies projects describ$ 9 subp>agraph 7b77#a71 #b1jjj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjbe4 7#b7 ,) respect to ! en]gy /orage te*nologies projects describ$ 9 subp>agraph 7b77#b71 #djj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjbe4 7#c7 ,) respect to ! transmission te*nologies & projects describ$ 9 subp>agraph 7b77#c71 #fjj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjbe4 #bjb4 ,advanc$ innovation & comm]cialization program 7a7 ,9 g5]al ,! ,secret>y1 9 collaboration ) ! ,national ,laboratories1 o!r ,f$]al ag5cies1 & private sector & univ]sity p>tn]s z ! ,secret>y det]m9es necess>y1 %all e/abli% a program1 to be kn[n z ! ,advanc$ ,innovation & ,comm]cialization ,program1 to c>ry out rese>*1 developm5t1 & demon/ration ( te*nology t meets ! t>gets e/abli%$ = ^? te*nologies id5tifi$ 9 section #bja7;b74 7b7 ,e>ly deploym5t 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% a program to provide grants = e>ly deploym5t ( ! te*nologies demon/rat$ "u ! ,advanc$ ,innovation & ,comm]cialization program "u ?is section4 7#b7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to c>ry out ?is subsection #c1jjj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjbe4 7c7 ,f$]al procurem5t 7#a7 ,9 g5]al ,! ,secret>y1 9 collaboration ) ! ,secret>y ( ,def5se & ! ,adm9i/rator ( ! ,g5]al ,s]vices ,adm9i/ration1 %all e/abli% ,f$]al procurem5t goals & deadl9es = a*iev+ su* goals = ^? te*nologies id5tifi$ 9 section #bja7;b77#a7 ?r\gh 7#e74 7#b7 ,f$]al en]gy & advanc$ te*nology en]gy procurem5t ,! ,secret>y1 9 collaboration ) ! ,secret>y ( ,def5se & ! ,adm9i/rator ( ,g5]al ,s]vices1 %all-- 7,a7 ?r\gh adm9i/rative & regulatory actions1 improve ,f$]al procurem5t ( ! te*nologies describ$ 9 p>agraph 7#a72 7,b7 id5tify & report on b>ri]s to improv+ ,f$]al procurem5t ( en]gy & te*nologies t require legislative *anges2 & 7,c7 take due reg>d ( ! recomm5dations f ! #bjaf report entitl$ ,secret>y ( ,en]gy ,advisory ,bo>d ,report ( ! ,task ,=ce on ,f$]al ,en]gy ,managem5t4 #bjc4 ,updat+ mobile homes 7a7 ,updat+ mobile homes ,n lat] ?an "o ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% a program to provide grants & te*nical assi/ance to individuals or bus9esses to facilitate ! replacem5t ( en]gy-ineffici5t mobile homes ) highly effici5t z]o-en]gy modul> homes4 7b7 ,au?orization ,!re are au?oriz$ to be appropriat$ to c>ry out ?is section #b1ejj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjbe1 to rema9 available until exp5d$4 #bjd4 ,inve/m5t tax cr$its = en]gy batt]y /orage1 (f%ore w9d1 & c]ta9 hydrop[] te*nologies 7a7 ,9 g5]al ,section #dh7;a77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z am5d$ by section #aba1 is am5d$ by /rik+ or at ! end ( clause 7vii71 & by add+ at ! end ! foll[+ new clauses3 7ix7 equipm5t :i* g5]ates w9d en]gy f an (f%ore facility1 7x7 en]gy /orage equipm5t1 7xi7 equipm5t :i* makes a nonhydroelectric dam capable ( g5]at+ hydrop[]1 or 7xii7 equipm5t :i* g5]ates geo!rmal electricity ?r\gh an enhanc$ geo!rmal sy/em4 4 7b7 ,all[ance ( #cj p]c5t cr$it 7#a7 ,9 g5]al ,section #dh7;a77#b77;,a77i77,,ii7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraph 7#c77;,a77i7 & ins]t+ clause 7i71 7ix71 7x71 7xi71 or 7xii7 ( p>agraph 7#c77;,a74 7#b7 ,phase\t ,section #dh7;a77#f7 ( su* ,code is am5d$-- 7,a7 by /rik+ sol> en]gy 9 ! head+ & ins]t+ c]ta91 & 7,b7 by /rik+ p>agraph 7#c77;,a77i7 bo? places x appe>s & ins]t+ clause 7i71 7ix71 7x71 7xi71 or 7xii7 ( p>agraph 7#c77;,a74 7c7 ,def9itions 7#a7 ,en]gy cr$it ,section #dh7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraphs3 7#e7 ,qualifi$ (f%ore w9d prop]ty 7,a7 ,9 g5]al ,! t]m qualifi$ (f%ore w9d prop]ty means an (f%ore facility us+ w9d to produce electricity4 7,b7 ,(f%ore facility ,! t]m (f%ore facility means any facility locat$ 9 ! inl& navigable wat]s ( ! ,unit$ ,/ates1 includ+ ! ,great ,lakes1 or 9 ! coa/al wat]s ( ! ,unit$ ,/ates1 includ+ ! t]ritorial seas ( ! ,unit$ ,/ates1 ! exclusive economic zone ( ! ,unit$ ,/ates1 & ! out] ,cont95tal ,%elf ( ! ,unit$ ,/ates4 7#f7 ,en]gy /orage equipm5t ,! t]m en]gy /orage equipm5t means equipm5t :i* receives1 /ores1 & deliv]s en]gy us+ batt]ies1 compress$ air1 pump$ hydrop[]1 hydrog5 /orage 7includ+ hydrolysis & electrolysis71 !rmal en]gy /orage1 reg5]ative fuel cells1 fly:eels1 capacitors1 sup]conduct+ magnets1 or o!r te*nologies id5tifi$ by ! ,secret>y 9 consultation ) ! ,secret>y ( ,en]gy1 & :i* has a capacity ( n less ?an #e ,kil[att h\rs4 7#g7 ,nonhydroelectric dam ,! t]m nonhydroelectric dam means a nonhydroelectric dam t-- 7,a7 is lic5s$ by ! ,f$]al ,en]gy ,regulatory ,commission & meets all o!r applicable environm5tal1 lic5s+1 & regulatory requirem5ts1 7,b7 0 plac$ 9 s]vice be=e ! date ( ! enactm5t ( ?is p>agraph & op]at$ = flood control1 navigation1 or wat] supply purposes & did n produce hydroelectric p[] on ! date ( ! enactm5t ( ?is p>agraph1 7,c7 is op]at$ s t ! wat] surface elevation at any giv5 location & "t t w\ld h occurr$ 9 ! abs5ce ( ! hydroelectric project is ma9ta9$1 subject to any lic5se requirem5ts impos$ "u applicable law t *ange ! wat] surface elevation = ! purpose ( improv+ environm5tal quality ( ! affect$ wat]way1 & 7,d7 includes "o m hydroelectric projects :i* h be5 c]tifi$ by ! ,secret>y1 aft] consultation ) ! ,f$]al ,en]gy ,regulatory ,commission1 z meet+ ! requirem5ts ( clause 7iii74 7#h7 ,enhanc$ geo!rmal sy/em ,! t]m enhanc$ geo!rmal sy/em means a sy/em to extract heat by creat+ a subsurface fracture sy/em to :i* wat] c be add$ ?r\gh injection wells4 4 7#b7 ,qualify+ advanc$ en]gy project cr$it ,section #dh;,c7c77#a77;,a77i77,,iv7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ 1 includ+ ?r\gh direct air capture or c>bon dioxide removal aft] emissions4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjai4 7e7 ,coord9ation ) ,f$]al ,p[] ,act ,no?+ 9 ?is section1 or ! am5dm5ts made by ?is section1 %all affect ! /&>ds "u :i* ! ,f$]al ,en]gy ,regulatory ,commission issues lic5ses = & regulates hydrop[] projects "u "p ,i ( ! ,f$]al ,p[] ,act4 #bje4 ,ext5sion ( production tax cr$it = sol> & on-%ore w9d 7a7 ,w9d ,section #de7;d77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,janu>y #a1 #bjba & ins]t+ ,janu>y #a1 #bjca4 7b7 ,sol> ,section #de7;d77#d77;,a7 ( su* ,code is am5d$ by /rik+ plac$ 9 s]vice be=e ,janu>y #a1 #bjjf & ins]t+ con/ruction ( :i* beg9s be=e ,janu>y #a1 #bjca4 7c7 ,application ( phase\t p]c5tage to w9d facilities ,section #de7;b77#e77;,d7 ( su* ,code is am5d$ by /rik+ ,janu>y #a1 #bjba & ins]t+ ,janu>y #a1 #bjca4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to facilities ! con/ruction ( :i* beg9s aft] ,decemb] #ca1 #bjbj4 #bjf4 ,r5ewal ( qualify+ advanc$ en]gy project cr$it 7a7 ,9 g5]al ,section #dh;,c7d77#b77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ dur+ ! #b-ye> p]iod beg9n+ on ! date ! ,secret>y e/abli%es ! program "u p>agraph 7#a74 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to applications receiv$ aft] ! date ( ! enactm5t ( ?is ,act4 #bjg4 ,p]=mance-bas$ tax cr$its = comm]cial & resid5tial build+s 7a7 ,! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ ! foll[+ aft] section #de,u 7z add$ by ?is ,act73 #de,v4 ,deep en]gy retr(its & z]o-en]gy comm]cial & resid5tial build+s 7a7 ,def9itions ,9 ?is section3 7#a7 ,btu ,! t]m ,btu means ,briti% ,!rmal ,unit4 7#b7 ,build+ en]gy ,! t]m build+ en]gy means en]gy consum$ at ! build+ site z measur$ at ! site b\nd>y1 :i* includes heat+1 cool+1 v5tilation1 dome/ic hot wat]1 indoor & outdoor light+1 plug loads1 process en]gy1 elevators & convey+ sy/ems1 & intrabuild+ transportation sy/ems4 7#c7 ,deep en]gy retr(it ,! t]m deep en]gy retr(it means a project t uses en]gy effici5cy measures & r5ewable en]gy res\rces to r$uce ! en]gy use ( an exi/+ build+ by at lea/ #ej p]c5t on an annual basis relative to ! mo/ rec5t #ab-mon? p]iod 9 :i* ! build+ 0 fully occupi$ prior to ! project1 provid$ t en]gy effici5cy measures mu/ acc\nt = at lea/ #hj p]c5t ( ! r$uction 9 en]gy use4 7#d7 ,deliv]$ en]gy ,! t]m deliv]$ en]gy means any type ( en]gy t c\ld be b\ght or sold z build+ en]gy1 includ+ electricity1 /eam1 hot or *ill$ wat]1 natural gas1 biogas1 l&fill gas1 coal1 coke1 propane1 petroleum & its d]ivatives1 residual fuel oil1 alcohol-bas$ fuels1 wood1 biomass1 & any o!r mat]ial consum$ z fuel4 7#e7 ,export$ en]gy ,! t]m export$ en]gy means on-site r5ewable en]gy suppli$ ?r\gh ! site b\nd>y & us$ outside ! site b\nd>y4 7#f7 ,high rise comm]cial build+ ,! t]m high rise comm]cial build+ means a comm]cial build+ ( f\r or m above grade /ories4 7#g7 ,high rise resid5tial build+ ,! t]m high rise resid5tial build+ means a multifamily build+ ) f\r or m above grade /ories4 7#h7 k,wh ,! t]m k,wh means ,kil[att ,h\r4 7#i7 ,l[ rise resid5tial build+ ,! t]m l[ rise resid5tial build+ means a s+le-family home or multifamily build+ ) no m ?an ?ree above grade /ories4 7#aj7 ,on-site r5ewable en]gy ,! t]m on-site r5ewable en]gy means any r5ewable en]gy collect$ & g5]at$ )9 ! site b\nd>y t is us$ = build+ en]gy1 & ! excess r5ewable en]gy export$ outside ! site b\nd>y1 provid$ t any r5ewable en]gy c]tificates associat$ ) ! on-site r5ewable en]gy mu/ be reta9$ or retir$ by ! build+ own] or lessee to be claim$ z on-site r5ewable en]gy4 7#aa7 ,r5ewable en]gy ,! t]m r5ewable en]gy means en]gy g5]at$ by biomass1 hydro1 geo!rmal1 sol>1 w9d1 ocean !rmal1 wave action1 or tidal action res\rces4 7#ab7 ,r5ewable en]gy c]tificate ,! t]m r5ewable en]gy c]tificate means a c]tificate or cr$it t repres5ts & conveys ! environm5tal1 social1 or o!r nonp[] qualities ( "o megawatt h\r ( r5ewable en]gy1 & c be sold sep>ately f ! und]ly+ physical electricity associat$ ) ! r5ewable en]gy res\rce4 7#ac7 ,site b\nd>y ,! t]m site b\nd>y means ! limits ( ! build+ site across :i* deliv]$ en]gy & export$ en]gy are measur$4 7#ad7 ,s\rce en]gy ,! t]m s\rce en]gy means build+ en]gy plus ! en]gy losses 9 !rmal combu/ion 9 electricity g5]ation res\rces2 & en]gy losses 9 transmission & di/ribution to ! build+ site4 7#ae7 ,z]o-en]gy build+ ,! t]m z]o-en]gy build+ means a build+ = :i*1 on a s\rce en]gy basis1 ! actual annual deliv]$ en]gy is less ?an or equal to ! on-site r5ewable export$ en]gy1 provid$ t en]gy pur*as$ f (f-site & r5ewable en]gy g5]at$ on-site & !n sold (f-site %all be valu$ at #fjjj ,btu_/k,wh4 7#af7 ,z]o-en]gy-ready build+ ,! t]m z]o-en]gy-ready build+ means a build+ t-- 7,a7 if x is a comm]cial build+ or high rise resid5tial build+-- 7i7 is 9 compliance ) ,/&>d #ij4a-bjai publi%$ by ! ,am]ican ,society ( ,heat+1 ,refrig]at+ & ,air-,condition+ ,eng9e]s2 7ii7 is 9 compliance ) ,app5dix ,,ca 7,sol>-,ready ,zone7 ( ! #bjba ,int]national ,en]gy ,cons]vation ,code2 & 7iii7 demon/rates t its en]gy consumption is at lea/ #cj p]c5t bel[ ! maximum p]mitt$ "u ,am]ican ,society ( ,heat+1 ,refrig]at+ & ,air-,condition+ ,eng9e]s ,/&>d #ij4a-bjai1 z calculat$ us+ ! me?odology 9 ,app5dix ,g ( su* /&>d2 & 7,b7 if x is a l[ rise resid5tial build+-- 7i7 has an ,en]gy ,rat+ ,index ( #dj or less z calculat$ us+ ! proc$ures 9 ,*apt] #c ( ! resid5tial section ( ! #bjab ,int]national ,en]gy ,cons]vation ,code b exclud+ any r5ewable en]gy res\rces 9 ! calculation1 provid$ t c]tification ( compliance ) ! ,en]gy ,rat+ ,index requirem5t %all be made by a regi/]$ ar*itect or eng9e] by ano!r pr(essional au?oriz$ by ! ,secret>y ( ,en]gy by rule2 7ii7 is 9 compliance ) ,app5dix ,,ra 7,sol>-,ready ,zone7 ( ! #bjba ,int]national ,en]gy ,cons]vation ,code2 & 7iii7 is c]tifi$ "u-- 7,i7 ! ,z]o ,en]gy ,ready ,homes program adm9i/]$ by ! ,dep>tm5t ( ,en]gy2 or 7,,ii7 ! ,passive ,h\se specifications ( ! ,passive ,in/itute ,,u or ! ,int]national ,passive ,h\se ,in/itute4 7b7 ,eligibility = tax cr$it ,to be eligible to receive a tax cr$it "u ?is section1 ! build] or own] ( a build+ mu/ demon/rate t-- 7#a7 ! build+ is locat$ 9 ! ,unit$ ,/ates2 7#b7 ! build+ is at lea/ #ej p]c5t occupi$ :5 ! tax cr$it is claim$2 7#c7 if ! build+ has implem5t$ a deep en]gy retr(it1 ! project has be5 complet$ & c]tifi$ z a deep en]gy retr(it by a regi/]$ ar*itect or eng9e]1 or by ano!r pr(essional au?oriz$ by ! ,secret>y ( ,en]gy by rule2 & 7#d7 if ! build+ is a z]o-en]gy build+1 ! build+ has be5 z]o-en]gy ov] a span ( #ab cont9u\s mon?s ) at lea/ #ej p]c5t occupancy z v]ifi$-- 7,a7 ?r\gh c]tification by ! ,liv+ ,build+s ,in/itute ,z]o ,en]gy ,c]tification ,program2 7,b7 ?r\gh c]tification by ! ,,le$ ,z]o ,en]gy ,c]tification ,program ,v]ification2 or 7,c7 by ano!r pr(essional au?oriz$ by ! ,secret>y ( ,en]gy by rule4 7c7 ,tax cr$it am\nts 7#a7 ,z]o-en]gy-ready build+s ,! foll[+ tax cr$it am\nts %all be aw>d$ = c]tifi$ z]o-en]gy-ready build+s-- 7,a7 = a resid5tial build+ ) no m ?an f\r dwell+ units1 #e1jjj p] dwell+ unit2 7,b7 = a resid5tial build+ ) five or m dwell+ units1 #c1ejj p] dwell+ unit2 & 7,c7 = a comm]cial build+1 #c p] squ>e foot ( floor area4 7#b7 ,z]o-en]gy build+s ,! foll[+ tax cr$it am\nts %all be aw>d$ = c]tifi$ z]o-en]gy build+s-- 7,a7 = a resid5tial build+ ) no m ?an f\r dwell+ units1 #e1jjj p] dwell+ unit2 7,b7 = a resid5tial build+ ) five or m dwell+ units1 #c1ejj p] dwell+ unit2 & 7,c7 = a comm]cial build+ t is a z]o-en]gy build+ = a p]iod ( #ab cont9u\s mon?s />t+ aft] ! build+ is at lea/ #ej p]c5t occupi$1 #c p] squ>e foot ( floor area1 provid$ t a z]o-en]gy build+ may also receive ! z]o-en]gy-ready build+ inc5tive if x meets ! crit]ia = ?is inc5tive4 7#c7 ,deep en]gy retr(its ,! foll[+ tax cr$it am\nts %all be aw>d$ to build+s ^u completion ( a deep en]gy retr(it-- 7,a7 = a resid5tial build+1 #aj1jjj p] dwell+ unit1 up to a maximum ( #a1jjj1jjj p] build+2 & 7,b7 = a comm]cial build+1 #be p] squ>e foot ( floor area1 up to a maximum ( #b1jjj1jjj p] build+4 7d7 ,tax cr$it recipi5t 7#a7 ,9 g5]al ,! p]son eligible to receive a tax cr$it "u ?is section %all be-- 7,a7 = a new resid5tial build+1 ! build]2 7,b7 = an exi/+ resid5tial build+ t has und]gone a deep en]gy retr(it1 ! build]2 7,c7 = a new comm]cial build+1 ! build+ own]2 & 7,d7 = an exi/+ comm]cial build+ t has und]gone a deep en]gy retr(it1 ! build+ own]4 7#b7 ,transf] ( cr$it ,a build+ own] :o is eligible to receive a tax cr$it "u subp>agraphs 7,c7 & 7,d7 ( p>agraph 7#a7 may transf] su* tax cr$it to ! ar*itect1 build]1 or contractor4 7e7 ,exclusions ,a build+ project is n eligible = tax cr$its "u ?is section if ! own] or build] has us$ ano!r ,f$]al tax inc5tive = ! same project1 includ+ inc5tives "u sections #be;,c1 #be;,d1 & #agi;,d ( ?is title4 7f7 ,sunset ( tax cr$it au?ority ,! tax cr$it au?ority "u ?is section %all t]m9ate-- 7#a7 = z]o-en]gy & z]o-en]gy-ready resid5tial build+s1 "o ye> aft] ! ,secret>y ( ,en]gy det]m9es by rule t su* build+s acc\nt$ = at lea/ #bj p]c5t ( new resid5tial build+s 9 ! mo/ rec5t cal5d> ye>2 7#b7 = z]o-en]gy & z]o-en]gy-ready comm]cial build+s1 "o ye> aft] ! ,secret>y ( ,en]gy det]m9es by rule t su* build+s acc\nt$ = at lea/ #bj p]c5t ( new comm]cial build+ con/ruction 9 ! mo/ rec5t cal5d> ye>2 7#c7 = deep en]gy retr(its to resid5tial build+s1 "o ye> aft] ! ,secret>y ( ,en]gy det]m9es by rule t at lea/ #aj p]c5t ( units at resid5tial build+s h und]gone su* retr(its2 & 7#d7 = deep en]gy retr(its to comm]cial build+s1 "o ye> aft] ! ,secret>y ( ,en]gy det]m9es by rule t at lea/ #aj p]c5t ( ! floor area ( comm]cial build+s has und]gone su* retr(its4 7g7 ,rulemak+ ,n lat] ?an "o ye> aft] enactm5t ( ?is section1 ! ,secret>y1 9 coord9ation ) ! ,secret>y ( ,en]gy1 %all promulgate rules to implem5t ?is section4 7h7 ,report to ,congress ,n lat] ?an two ye>s aft] enactm5t ( ?is section1 & ea* cal5d> ye> !reaft]1 ! ,secret>y %all report to ,congress on ! use ( tax cr$its "u ?is section brok5 d[n by ! categories 9 subsection 7c71 :i* report %all include-- 7#a7 ! doll> value ( tax cr$its aw>d$ to date & 9 ! prior cal5d> ye>2 & 7#b7 ! numb] ( units at resid5tial build+s & ! numb] ( squ>e feet ( floor area 9 comm]cial build+s = :i* tax cr$its 7 aw>d$ to date & 9 ! prior ye> cal5d> ye>4 4 7b7 ,table ( cont5ts ,! table ( cont5ts ( ! ,int]nal ,rev5ue ,code ( #aihf is fur!r am5d$ by ins]t+ aft] ! item relat+ to section #de,u 7z add$ by ?is ,act7 ! foll[+3 ,sec4 #de,v4 ,deep en]gy retr(its & z]o-en]gy comm]cial & resid5tial build+s4 4 #bjh4 ,ext5sion ( publicly trad$ p>tn]%ip own]%ip /ructure to r5ewable en]gy projects 7a7 ,9 g5]al ,section #ggjd7;d77#a77;,e7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z am5d$ by section #acd ( ?is ,act1 is fur!r am5d$ by add+ aft] clause 7v7 ! foll[+3 7vi7 ,! g5]ation ( electric p[] 7includ+ ! leas+ ( tangible p]sonal prop]ty us$ = su* g5]ation7 exclusively utiliz+ any res\rce describ$ 9 section #de7;c77#a7 or en]gy prop]ty describ$ 9 section #dh 7det]m9$ )\t reg>d to any t]m9ation date7 or1 9 ! case ( a facility describ$ 9 p>agraph 7#c7 or 7#g7 ( section #de7;d7 7det]m9$ )\t reg>d to any plac$ 9 s]vice date or date by :i* con/ruction ( ! facility is requir$ to beg971 ! accept+ or process+ ( su* res\rce4 7vii7 ,! sale ( electric p[]1 capacity1 res\rce adequacy1 dem& response capabilities1 or ancill>y s]vices t is produc$ or made available f any equipm5t or facility 7op]at+ z a s+le unit or z an aggregation ( units7 ! pr9cipal function ( :i* is to-- 7,i7 use me*anical1 *emical1 electro*emical1 hydroelectric1 or !rmal processes to /ore en]gy t 0 g5]at$ at "o "t = conv]sion to electricity at a lat] "t1 or 7,,ii7 /ore !rmal en]gy = direct use = heat+ or cool+ at a lat] "t 9 a mann] t avoids ! ne$ to use electricity at t lat] "t4 7viii7 ,! g5]ation1 /orage1 or di/ribution ( !rmal en]gy exclusively utiliz+ prop]ty describ$ 9 section #dh7;c77#c7 7det]m9$ )\t reg>d to subp>agraphs 7,b7 & 7,d7 !re( & )\t reg>d to any plac$ 9 s]vice date74 7ix7 ,! g5]ation1 /orage1 or di/ribution ( !rmal en]gy exclusively us+ any res\rce describ$ 9 section #de7;c77#a7 or en]gy prop]ty describ$ 9 clause 7i7 or 7iii7 ( section #dh7;a77#c77;,a74 7x7 ,! use ( recov]able wa/e en]gy1 z def9$ 9 section #cga7e7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcda7e774 4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbj4 #bji4 ,manufactur] cr$it = high-effici5cy heat pumps & heat pump wat] heat]s 7a7 ,9 g5]al ,! ,int]nal ,rev5ue ,code ( #aihf is fur!r am5d$ by add+ aft] section #de,v 7z add$ by ?is ,act7 ! foll[+ new section3 #de,w4 ,manufactur] cr$it = high-effici5cy heat pumps & heat pump wat] heat]s 7a7 ,cr$it am\nts 7#a7 ,9 g5]al ,= purposes ( section #ch1 ! en]gy effici5t heat pump cr$it det]m9$ "u ?is section = any taxable ye> is an am\nt equal to ! sum ( ! cr$it am\nts det]m9$ "u p>agraph 7#b7 = ea* type ( qualifi$ en]gy effici5t heat pump produc$ by ! taxpay] dur+ ! cal5d> ye> end+ ) or )9 ! taxable ye>4 7#b7 ,calculation ( cr$its ,! cr$it am\nt det]m9$ = any type ( qualifi$ en]gy effici5t appliance is-- 7,a7 ! applicable am\nt det]m9$ "u subsection 7b7 ) respect to su* type1 multipli$ by 7,b7 ! eligible production = su* type "u subsection 7c74 7b7 ,applicable am\nt ,= purposes ( subsection 7a73 7#a7 ,consum] heat pump wat] heat]s ,! applicable am\nt is #fjj 9 ! case ( a consum] heat pump wat] heat] t is manufactur$ 9 cal5d> ye>s #bjbb ?r\gh #bjcj & t has a ,uni=m ,en]gy ,factor ( #c4c or m = electric wat] heat]s & #a4c or m = gas wat] heat]s4 7#b7 ,comm]cial heat pump wat] heat]s ,! applicable am\nt is #fjj 9 ! case ( a comm]cial heat pump wat] heat] manufactur$ 9 cal5d> ye>s #bjbb ?r\gh #bjcj & t has a ,coeffici5t ( ,p]=mance ( #c4j or m = electric wat] heat]s & #a4c or m = gas wat] heat]s4 7#c7 ,consum] unit>y heat pumps ,! applicable am\nt is #hjj 9 ! case ( a consum] unit>y heat pump t-- 7,a7 is manufactur$ 9 cal5d> ye>s #bjbb ?r\gh #bjcj1 7,b7 9 ! case ( an electric heat pump meets ei!r-- 7i7 ! mo/ rec5t requirem5ts ( ! ,en]gy ,/> ,mo/ ,effici5t ,specification promulgat$ by ! ,unit$ ,/ates ,environm5tal ,protection ,ag5cy be=e ! date ( enactm5t ( ?is section1 or 7ii7 ! mo/ rec5t ,cold ,climate ,air-,s\rce ,heat ,pump ,specification promulgat$ by ,nor!a/ ,en]gy ,effici5cy ,p>tn]%ips be=e ! date ( enactm5t ( ?is section1 & 7,c7 9 ! case ( a gas heat pump1 has an ,annual ,fuel ,utilization ,effici5cy ( #adj p]c5t or m4 7#d7 ,comm]cial heat pumps ,! applicable am\nt is #bd p] ?\s& ,briti% ,!rmal ,units ( heat+ capacity measur$ at a #ag degree ,fahr5heit ambi5t temp]ature 9 ! case ( a comm]cial heat pump t is manufactur$ 9 cal5d> ye>s #bjbb ?r\gh #bjcj & t has a ,coeffici5t ( ,p]=mance ( #b4c or m at a #ag degree ,f ambi5t temp]ature = electric heat pumps1 & #a4b or m at a #ag degree ,f ambi5t temp]ature = gas heat pumps4 7#e7 ,indu/rial heat pumps ,! applicable am\nt is #cf p] ?\s& ,briti% ,!rmal ,units ( heat+ capacity = heat pumps ) a heat+ capacity ( #b1djj ?\s& ,briti% ,!rmal ,units or less & #ah p] ?\s& ,briti% ,!rmal ,units ( heat+ capacity = heat pumps ) a heat+ capacity above #b1djj ?\s& ,briti% ,!rmal ,units 9 ! case ( an indu/rial heat pump t is manufactur$ & in/all$ 9 an indu/rial facility 9 cal5d> ye>s #bjbb ?r\gh #bjcj & t has a ,coeffici5t ( ,p]=mance ( #b4j or m4 7c7 ,eligible production ,! eligible production 9 a cal5d> ye> ) respect to ea* type ( en]gy effici5t heat pump is-- 7#a7 ! numb] ( heat pumps ( su* type t are produc$ by ! taxpay] 9 ! ,unit$ ,/ates dur+ su* cal5d> ye>1 less 7#b7 ! av]age numb] ( heat pumps ( su* type t 7 produc$ by ! taxpay] 7or any pr$ecessor7 9 ! ,unit$ ,/ates dur+ ! prec$+ #b-;cal5d> ye> p]iod4 7d7 ,types ( en]gy effici5t heat pumps ,= purposes ( ?is section1 ! types ( en]gy effici5t heat pumps are-- 7#a7 consum] heat pump wat] heat]s describ$ 9 subsection 7b77#a71 7#b7 comm]cial heat pump wat] heat]s describ$ 9 subsection 7b77#b71 7#c7 consum] unit>y heat pumps describ$ 9 subsection 7b77#c71 7#d7 comm]cial heat pumps describ$ 9 subsection 7b77#d71 & 7#e7 indu/rial heat pumps describ$ 9 subsection 7b77#e74 7e7 ,limitations 7#a7 ,aggregate cr$it am\nt all[$ ,! aggregate am\nt ( cr$it all[$ "u subsection 7a7 ) respect to a taxpay] = any taxable ye> %all n exce$ #bej1jjj1jjj1 r$uc$ by ! am\nt ( ! cr$it all[$ "u subsection 7a7 to ! taxpay] 7or any pr$ecessor7 = all prior taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjba4 7#b7 ,limitation bas$ on gross receipts ,! cr$it all[$ "u subsection 7a7 ) respect to a taxpay] = ! taxable ye> %all n exce$ an am\nt equal to #d p]c5t ( ! av]age annual gross receipts ( ! taxpay] = ! #c taxable ye>s prec$+ ! taxable ye> 9 :i* ! cr$it is det]m9$4 7#c7 ,gross receipts ,= purposes ( ?is subsection1 ! rules ( p>agraphs 7#b7 & 7#c7 ( section #ddh7;c7 %all apply4 7f7 ,adju/m5t ( en]gy effici5cy crit]ia ,no lat] ?an ,decemb] #ca1 #bjbb1 & e two ye>s !reaft]1 ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy1 %all review ! effici5cy levels 9 section 7b7 & revise ^! levels upw>d if necess>y to include only ! mo/ effici5t comm]cially available heat pumps ( ea* type1 :ile ensur+ t at lea/ ?ree manufactur]s are repres5t$ 9 ea* type across a range ( product heat+ capacities4 7g7 ,te/ proc$ures 7#a7 ,! ,dep>tm5t ( ,en]gy %all develop te/ proc$ures to det]m9e ,coeffici5t ( ,p]=mance =-- 7,a7 gas comm]cial heat pump wat] heat]s1 7,b7 gas comm]cial heat pumps1 & 7,c7 indu/rial heat pumps4 7#b7 ,su* te/ proc$ures %all build ^u ! f\ndation ( relevant curr5t ,am]ican ,national ,/&>d ,in/itute & ,int]national ,organization ( ,/&>d te/ proc$ures4 7h7 ,def9itions ,= purposes ( ?is section3 7#a7 ,qualifi$ en]gy effici5t heat pump ,! t]m qualifi$ en]gy effici5t heat pump means-- 7,a7 any consum] heat pump wat] heat] describ$ 9 subsection 7b77#a71 7,b7 any comm]cial heat pump wat] heat] describ$ 9 subsection 7b77#b71 7,c7 any consum] unit>y heat pump describ$ 9 subsection 7b77#c71 7,d7 any comm]cial heat pump describ$ 9 subsection 7b77#d71 & 7,e7 any indu/rial heat pump describ$ 9 subsection 7b77#e74 7#b7 ,consum] heat pump wat] heat] ,! t]m consum] heat pump wat] heat] means a wat] heat] t uses a heat pump to heat wat] & has an electric input ( #ab ,kil[att or less or a gas input ( #ge1jjj ,briti% ,!rmal ,units p] h\r or less1 measur$ 9 accordance ) applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 7#c7 ,comm]cial heat pump wat] heat]s ,! t]m comm]cial heat pump wat] heat] means a wat] heat] t uses a heat pump to heat wat] & has an electric input ( m ?an #ab ,kil[att or a gas input ( m ?an #ge1jjj ,briti% ,!rmal ,units p] h\r1 measur$ 9 accordance ) applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 7#d7 ,consum] unit>y heat pump ,! t]m consum] unit>y heat pump means a heat pump design$ to provide space heat+ & cool+ ) a cool+ capacity ( #fe1jjj ,briti% ,!rmal ,units p] h\r or less1 measur$ 9 accordance ) ! applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 7#e7 ,comm]cial heat pump ,! t]m comm]cial heat pump means a heat pump design$ to provide space heat+ & cool+ ) a cool+ capacity ( m ?an #fe1jjj ,briti% ,!rmal ,units p] h\r1 measur$ 9 accordance ) ! applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 7#f7 ,indu/rial heat pump ,! t]m indu/rial heat pump means a heat pump t upgrades indu/rial wa/e heat to a high] temp]ature su* t ! deliv]$ heat is produc$ & suppli$ to ! facility m effici5tly ?an conv5tional heat+ me?ods1 su* z a /eam or electric resi/ance boil]4 7#g7 ,produc$ ,! t]m produc$ includes manufactur$4 7#h7 ,uni=m en]gy factor ,! t]m ,uni=m ,en]gy ,factor is a metric us$ to measure ! effici5cy ( consum] wat] heat]s1 ) details specifi$ 9 applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 7#i7 ,coeffici5t ( p]=mance ,! t]m ,coeffici5t ( ,p]=mance means ! ratio ( heat output to en]gy input1 ) details specifi$ 9 applicable ,dep>tm5t ( ,en]gy te/ proc$ures4 ,= gas comm]cial heat pump wat] heat]s1 until !re is a ,dep>tm5t ( ,en]gy te/ proc$ure1 ,am]ican ,national ,/&>ds ,in/itute & ,am]ican ,society ( ,heat+1 ,refrig]at+ & ,air-,condition+ ,eng9e]s ,/&>d #aah4a %all be us$4 ,= gas comm]cial heat pumps1 until !re is a ,dep>tm5t ( ,en]gy te/ proc$ure1 ,am]ican ,national ,/&>ds ,/&>d ,z#ba4dj4d %all be us$4 ,= indu/rial heat pumps1 until !re is a ,dep>tm5t ( ,en]gy te/ proc$ure1 manufactur]s may use _! own te/s1 provid$ !y publicly po/ ! te/ conditions & assumptions !y us$ 9 develop+ _! /at$ ,coeffici5t ( ,p]=mance values4 7i7 ,special rules ,= purposes ( ?is section3 7#a7 ,9 g5]al ,rules simil> to ! rules ( subsections 7c71 7d71 & 7e7 ( section #eb %all apply4 7#b7 ,controll$ gr\p 7,a7 ,9 g5]al ,all p]sons treat$ z a s+le employ] "u subsection 7a7 or 7b7 ( section #eb or subsection 7m7 or 7o7 ( section #dad %all be treat$ z a s+le produc]4 7,b7 ,inclusion ( =eign corporations ,= purposes ( subp>agraph 7,a71 9 apply+ subsections 7a7 & 7b7 ( section #eb to ?is section1 section #aefc %all be appli$ )\t reg>d to subsection 7b77#b77;,c7 !re(4 7#c7 ,v]ification ,no am\nt %all be all[$ z a cr$it "u subsection 7a7 ) respect to :i* ! taxpay] has n submitt$ su* in=mation or c]tification z ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy1 det]m9es necess>y4 7#d7 ,production 9 ,unit$ ,/ates ,! requirem5t = production 9 ! ,unit$ ,/ates 9 section 7c7 does n take effect until ,janu>y #a1 #bjbd4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a is fur!r am5d$ by add+ aft] ! item relat+ to section #de,v ! foll[+ new item3 ,sec4 #de,w4 ,manufactur] cr$it = high-effici5cy heat pumps & heat pump wat] heat]s4 4 #baj4 ,o!r au?orizations ( appropriations 7a7 ,am5dm5t to ,am]ica ,,competes ,act ,section #ejab7o77#b7 ( ! ,am]ica ,,competes ,act 7#db ,u4,s4,c4 #afech7o77#b77 is am5d$-- 7#a7 9 subp>agraph 7,d71 by /rik+ 2 & & ins]t+ 22 7#b7 9 subp>agraph 7,e71 by /rik+ #bjac4 & ins]t+ #bjac22 & 7#c7 by add+ at ! end ! foll[+3 7,f7 #efi1jjj1jjj = fiscal ye> #bjba2 7,g7 #gac1jjj1jjj = fiscal ye> #bjbb2 7,h7 #hef1jjj1jjj = fiscal ye> #bjbc2 & 7,i7 #a1jjj1jjj1jjj = fiscal ye> #bjbd4 4 7b7 ,regional innovation models ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = purposes ( develop+ regional innovation models-- 7#a7 #ajj1jjj1jjj = fiscal ye> #bjba2 7#b7 #bjj1jjj1jjj = fiscal ye> #bjbb2 7#c7 #cjj1jjj1jjj = fiscal ye> #bjbc2 & 7#d7 #ejj1jjj1jjj = fiscal ye> #bjbd4 7c7 ,grid mod]nization ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support grid mod]nization-- 7#a7 #bch1jjj1jjj = fiscal ye> #bjba2 7#b7 #cge1jjj1jjj = fiscal ye> #bjbb2 7#c7 #eac1jjj1jjj = fiscal ye> #bjbc2 & 7#d7 #fej1jjj1jjj = fiscal ye> #bjbd4 7d7 ,advanc$ l&-,bas$ & (f%ore w9d p[] ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support advanc$ l&-bas$ & (f%ore w9d p[]-- 7#a7 #agh1jjj1jjj = fiscal ye> #bjba2 7#b7 #beb1jjj1jjj = fiscal ye> #bjbb2 7#c7 #cbf1jjj1jjj = fiscal ye> #bjbc2 & 7#d7 #djj1jjj1jjj = fiscal ye> #bjbd4 7e7 ,advanc$ sol> p[] ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support advanc$ sol> p[]-- 7#a7 #cfj1jjj1jjj = fiscal ye> #bjba2 7#b7 #ddj1jjj1jjj = fiscal ye> #bjbb2 7#c7 #ebj1jjj1jjj = fiscal ye> #bjbc2 & 7#d7 #fjj1jjj1jjj = fiscal ye> #bjbd4 7f7 ,me*anical1 *emical1 & !rmal /orage te*nology ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support me*anical1 *emical1 & !rmal /orage te*nology-- 7#a7 #aej1jjj1jjj = fiscal ye> #bjba2 7#b7 #aej1jjj1jjj = fiscal ye> #bjbb2 7#c7 #aej1jjj1jjj = fiscal ye> #bjbc2 & 7#d7 #aej1jjj1jjj = fiscal ye> #bjbd4 7g7 ,build+s ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support te*nologies t improve ! en]gy effici5cy ( build+ equipm5t1 ! build+ envelope1 build+ controls1 & t improve in=mation %>+ betwe5 ! build+ & ! grid1 :i* te*nologies may include en]gy effici5cy1 dem& response & electrification te*nologies 9 resid5tial1 comm]cial1 & indu/rial build+s-- 7#a7 #cha1jjj1jjj = fiscal ye> #bjba2 7#b7 #dgh1jjj1jjj = fiscal ye> #bjbb2 7#c7 #egd1jjj1jjj = fiscal ye> #bjbc2 & 7#d7 #fgj1jjj1jjj = fiscal ye> #bjbd4 7h7 ,indu/ry ,!re are au?oriz$ to be appropriat$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 demon/ration1 analysis1 te*nology validation1 m>ket trans=mation1 & te*nical assi/ance to support te*nologies to r$uce emissions 9 indu/rial & manufactur+ processes1 includ+ su* te*nologies relat+ to en]gy effici5cy & electrification-- 7#a7 #cha1jjj1jjj = fiscal ye> #bjba2 7#b7 #dgh1jjj1jjj = fiscal ye> #bjbb2 7#c7 #egd1jjj1jjj = fiscal ye> #bjbc2 & 7#d7 #hdj1jjj1jjj = fiscal ye> #bjbd4 7i7 ,enhanc$ geo!rmal te*nologies ,!re are au?oriz$ to ! ,secret>y = ! purposes ( rese>*1 developm5t1 & demon/ration ( enhanc$ geo!rmal te*nologies an increase 9 ! am\nt f fiscal ye> #bjai appropriations by #ajj1jjj1jjj = ea* ye> until fiscal ye> #bjbe1 ( :i*-- 7#a7 #gj1jjj1jjj is au?oriz$ = ! ,secret>y to use ea* ye> to e/abli% a sup]critical enhanc$ geo!rmal sy/em demon/ration program2 & 7#b7 #cj1jjj1jjj is au?oriz$ = ! ,secret>y to use ea* ye> 9 collaboration ) ! ,national ,laboratories = sup]critical enhanc$ geo!rmal sy/ems rese>* & developm5t4 ,,iii ,exi/+ & ,advanc$ ,nucle> ,p[] ,plants #cja4 ,z]o-emissions cr$it program 7a7 ,e/abli%m5t ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% a program to be kn[n z ! ,z]o-,emissions ,cr$it ,program4 7b7 ,issuance ( cr$its ,n lat] ?an ,m>* #a ( ea* cal5d> ye> beg9n+ aft] ! date on :i* ! ,z]o-,emissions ,cr$it ,program is e/abli%$1 "u ! ,z]o-,emissions ,cr$it ,program ! ,secret>y %all issue an am\nt ( z]o-emissions cr$its to ea* own] or op]ator ( a qualifi$ nucle> p[] plant 9 ! quantity t is equal to ! am\nt ( ! megawatt h\rs ( electricity sold by su* own] or op]ator to an organiz$ p[] m>ket 9 ! prior ye>4 7c7 ,paym5t = receipt ( cr$its 7#a7 ,9 g5]al ,except z provid$ 9 p>agraphs 7#b71 7#c71 & 7#d71 "u ! ,z]o-,emissions ,cr$it ,program ! ,secret>y %all pay an own] or op]ator ( a qualifi$ nucle> p[] plant #ac4be = ea* z]o-emissions cr$it an own] or op]ator submits to ! ,secret>y4 7#b7 ,adju/m5ts = inflation ,ea* ye>1 ! ,secret>y %all adju/ ! am\nt to be paid "u ! ,z]o-,emissions ,cr$it ,program = ea* z]o-emissions cr$it to acc\nt = ! effects ( inflation4 7#c7 ,r$uction 9 value ( cr$it ,if ! price = ! sale ( electricity increases su* t paym5ts = z]o-emissions cr$its are no long] ne$$ to prev5t ! retirem5t ( a qualifi$ nucle> p[] plant1 ! ,secret>y %all r$uce ! am\nt to be paid = ea* z]o-emissions cr$it = su* qualify+ nucle> p[] plant 9 accordance ) su* *ange 9 price4 7#d7 ,(fset = value ( clean electricity cr$its ,! ,secret>y %all r$uce ! paym5t to a qualifi$ nucle> p[] plant = a z]o-emissions cr$it by ! value ( any clean electricity cr$its issu$ to ! plant = ! same quantity ( megawatt h\rs pursuant to ! ,f$]al ,clean ,electricity ,/&>d program e/abli%$ "u section #faa ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh4 7d7 ,t]m9ation date ,! ,z]o-,emissions ,cr$it ,program %all t]m9ate on ! date t is #e ye>s aft] ! program effective date ( ! ,f$]al ,clean ,electricity ,/&>d e/abli%$ "u section #faa ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh4 7e7 ,def9itions ,9 ?is section3 7#a7 ,organiz$ p[] m>ket ,! t]m organiz$ p[] m>ket means any m>ket-- 7,a7 = ! :olesale sale ( electricity2 & 7,b7 t is controll$ by a regional transmission organization or an indep5d5t sy/em op]ator z def9$ 9 section #c ( ! ,f$]al ,p[] ,act 7#af ,u4,s4,c4 #gif74 7#b7 ,qualifi$ nucle> p[] plant 7,a7 ,9 g5]al ,! t]m qualifi$ nucle> p[] plant means any nucle> p[] plant t ! ,secret>y det]m9es1 bas$ on an application submitt$ by su* plant to ! ,secret>y1 is n f9ancially viable or w o!rwise be requir$ to retire if x does n receive z]o-emissions cr$its "u ! ,z]o-,emissions ,cr$it ,program4 7,b7 ,exclusion ,! t]m qualifi$ nucle> p[] plant does n include a nucle> p[] plant t receives a tax cr$it "u section #dh ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#c7 ,z]o-emissions cr$it ,! t]m z]o-emissions cr$it means a cr$it issu$ by ! ,secret>y "u ! ,z]o-,emissions ,cr$it ,program t repres5ts #a megawatt ( electricity sold by ! own] or op]ator ( a qualifi$ nucle> p[] plant to an organiz$ p[] m>ket4 7f7 ,rulemak+ ,n lat] ?an "o ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all f9alize rules =-- 7#a7 ! application & decision process = qualifi$ nucle> p[] plants2 & 7#b7 ! s*$ule & process = issuance ( cr$its & p]iodic review & adju/m5t ( issuances4 #cjb4 ,inve/m5t tax cr$it = nucle> en]gy prop]ty 7a7 ,9 g5]al ,section #dh7;a77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 clause 7vi71 by /rik+ or2 7#b7 9 clause 7vii71 by ins]t+ or at ! end2 & 7#c7 by add+ at ! end ! foll[+ new clause3 7viii7 qualifi$ nucle> en]gy prop]ty1 4 7b7 ,eligible = #cj-,p]c5t cr$it ,section #dh7;a77#b77;,a77i7 ( su* ,code is am5d$ by /rik+ & 9 subclause 7,,iii7 & by add+ at ! end ! foll[+ new subclause3 7,v7 en]gy prop]ty describ$ 9 p>agraph 7#c77;,a77viii7 b only ) respect to prop]ty plac$ 9 s]vice be=e ,janu>y #a1 #bjbd1 & 4 7c7 ,qualifi$ nucle> en]gy prop]ty ,section #dh7;c7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#e7 ,qualifi$ nucle> en]gy prop]ty 7,a7 ,9 g5]al ,! t]m qualifi$ nucle> en]gy prop]ty means any am\nts paid or incurr$ = ! refuel+ (1 & any o!r exp5ditures describ$ 9 section #bfc7;a7 ) respect to1 a qualify+ nucle> p[] plant4 7,b7 ,qualify+ nucle> p[] plant ,! t]m qualify+ nucle> p[] plant means a nucle> p[] plant :i*-- 7i7 submitt$ an application = lic5se r5ewal to ! ,nucle> ,regulatory ,commission 9 accordance ) "p #ed ( title #aj1 ,code ( ,f$]al ,regulations1 be=e ,janu>y #a1 #bjbf1 or 7ii7 c]tifi$ to ! ,secret>y 7at su* "t & 9 su* =m & 9 su* mann] z ! ,secret>y prescribes7 t su* plant w submit an application = lic5se r5ewal to ! ,nucle> ,regulatory ,commission 9 accordance ) "p #ed ( title #aj1 ,code ( ,f$]al ,regulations1 be=e ,janu>y #a1 #bjbf4 7,c7 ,special rules 7i7 ,basis ,= purposes ( subsection 7a71 ! cumulative am\nts paid or incurr$ by ! taxpay] dur+ ! taxable ye> ) respect to a qualify+ nucle> p[] plant1 :i* are prop]ly *>geable to capital acc\nt1 %all be treat$ z ! basis ( ! qualifi$ nucle> en]gy prop]ty plac$ 9 s]vice = t taxable ye>4 7ii7 ,plac$ 9 s]vice ,= purposes ( subsection 7a71 qualifi$ nucle> en]gy prop]ty %all be treat$ z hav+ be5 plac$ 9 s]vice on ! la/ day ( ! taxable ye> 9 :i* ! taxpay] pays or incurs su* am\nts describ$ 9 clause 7i74 7iii7 ,recapture ,! ,secret>y %all1 by regulations1 provide = recaptur+ ! b5efit ( any cr$it all[able "u subsection 7a7 to any qualify+ nucle> p[] plant :i* made a c]tification pursuant to subp>agraph 7,b7 b does n file an application ( lic5se r5ewal to ! ,nucle> ,regulatory ,commission 9 accordance ) "p #ed ( title #aj1 ,code ( ,f$]al ,regulations1 be=e ,janu>y #a1 #bjbf4 4 7d7 ,phase\t ( #cj-,p]c5t cr$it rate = nucle> en]gy prop]ty ,section #dh7;a7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#g7 ,phase\t = qualifi$ nucle> en]gy prop]ty ,9 ! case ( qualifi$ nucle> en]gy prop]ty1 ! en]gy p]c5tage det]m9$ "u p>agraph 7#b7 %all be equal to-- 7,a7 9 ! case ( any prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbc1 & be=e ,janu>y #a1 #bjbe1 #bf p]c5t1 & 7,b7 9 ! case ( any prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbb1 & be=e ,janu>y #a1 #bjbf1 #bb p]c5t4 4 7e7 ,coord9ation ) cr$it = production f advanc$ nucle> p[] facilities ,! la/ s5t5ce ( section #dh7;a77#c7 ( su* ,code is am5d$ by ins]t+ or #de;,j aft] section #de4 7f7 ,transf] ( cr$it by c]ta9 public entities 7#a7 ,9 g5]al ,section #dh ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subsection3 7e7 ,special rule = qualifi$ nucle> en]gy prop]ty 7#a7 ,9 g5]al ,9 ! case ( any qualifi$ nucle> en]gy prop]ty1 if1 ) respect to a cr$it "u subsection 7a7 = any taxable ye>-- 7,a7 ! taxpay] w\ld be a qualifi$ public entity1 & 7,b7 su* entity elects ! application ( ?is subsection = su* taxable ye> ) respect to all 7or any portion specifi$ 9 su* election7 ( su* cr$it1 ! eligible project p>tn] specifi$ 9 su* election 7& n ! qualifi$ public entity7 %all be treat$ z ! taxpay] = purposes ( ?is title ) respect to su* cr$it 7or su* portion !re(74 7#b7 ,def9itions ,= purposes ( ?is subsection3 7,a7 ,qualifi$ public entity ,! t]m qualifi$ public entity means-- 7i7 a ,f$]al1 ,/ate1 or local gov]nm5t entity1 or any political subdivision1 ag5cy1 or in/rum5tality !re(1 7ii7 a mutual or coop]ative electric company describ$ 9 section #eja7;c77#ab7 or section #acha7;a77#b71 or 7iii7 a n-=-pr(it electric utility :i* has or _h receiv$ a loan or loan gu>antee "u ! ,rural ,electrification ,act ( #aicf4 7,b7 ,eligible project p>tn] ,! t]m eligible project p>tn] means-- 7i7 any p]son responsible = op]at+1 ma9ta9+1 or repair+ ! qualify+ nucle> p[] plant to :i* ! cr$it "u subsection 7a7 relates1 7ii7 any p]son :o p>ticipates 9 ! provision ( ! nucle> /eam supply sy/em to ! qualify+ nucle> p[] plant to :i* ! cr$it "u subsection 7a7 relates1 7iii7 any p]son :o p>ticipates 9 ! provision ( nucle> fuel to ! qualify+ nucle> p[] plant to :i* ! cr$it "u subsection 7a7 relates1 or 7iv7 any p]son :o has an own]%ip int]e/ 9 su* facility4 7#c7 ,special rules 7,a7 ,application to p>tn]%ips ,9 ! case ( a cr$it "u subsection 7a7 :i* is det]m9$ ) respect to qualifi$ nucle> en]gy prop]ty at ! p>tn]%ip level-- 7i7 = purposes ( p>agraph 7#a77;,a71 a qualifi$ public entity %all be treat$ z ! taxpay] ) respect to su* entity's di/ributive %>e ( su* cr$it1 & 7ii7 ! t]m eligible project p>tn] %all include any p>tn] ( ! p>tn]%ip4 7,b7 ,taxable ye> 9 :i* cr$it tak5 into acc\nt ,9 ! case ( any cr$it 7or portion !re(7 ) respect to :i* an election is made "u subsection 7e71 su* cr$it %all be tak5 into acc\nt 9 ! fir/ taxable ye> ( ! eligible project p>tn] end+ )1 or aft]1 ! qualifi$ public entity's taxable ye> ) respect to :i* ! cr$it 0 det]m9$4 7,c7 ,treatm5t ( transf] "u private use rules ,= purposes ( section #ada7;b77#a71 any b5efit d]iv$ by an eligible project p>tn] 9 connection ) an election "u ?is subsection %all n be tak5 into acc\nt z a private bus9ess use4 4 7#b7 ,special rule = proce$s ( transf]s = mutual or coop]ative electric companies ,section #eja7;c77#ab7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,i7 ,9 ! case ( a mutual or coop]ative electric company describ$ 9 ?is p>agraph or an organization describ$ 9 section #acha7;a77#b71 income receiv$ or accru$ 9 connection ) an election "u section #dh7;e7 %all be treat$ z an am\nt collect$ f memb]s = ! sole purpose ( meet+ losses & exp5ses4 4 7g7 ,con=m+ am5dm5t ,section #dh7;a77#b77;,a7 ( su* ,code is am5d$ by /rik+ p>agraph 7#f7 & ins]t+ p>agraphs 7#f7 & 7#g74 7h7 ,effective date ,! am5dm5ts made by ?is section %all apply to p]iods aft] ,decemb] #ca1 #bjai1 9 taxable ye>s end+ aft] su* date1 "u rules simil> to ! rules ( section #dh7m7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7z 9 effect on ! day be=e ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij74 #cjc4 ,exp&+ ,f$]al clean electricity pur*as+ requirem5ts 7a7 ,am5dm5ts to ! ,f$]al pur*ase requirem5ts ( ! ,en]gy ,policy ,act ( #bjje ,section #bjc ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aeheb7 is am5d$-- 7#a7 9 subsection 7a71 by /rik+ 1 ! foll[+ am\nts %all be r5ewable en]gy3 & ins]t+ 1 su* am\nt %all be made up ( ! foll[+32 7#b7 9 subsection 7a77#a71 by ins]t+ %all be r5ewable en]gy aft] #bjji2 7#c7 9 subsection 7a77#b71 by ins]t+ %all be r5ewable en]gy aft] #bjab2 7#d7 9 subsection 7a77#c71 by /rik+ #g4e p]c5t 9 fiscal ye> #bjac & ea* fiscal ye> !reaft]4 & ins]t+ #g4e p]c5t 9 fiscal ye>s #bjac ?r\gh #bjai %all be r5ewable en]gy42 7#e7 9 subsection 7a71 by add+ at ! end ! foll[+3 7#d7 ,n less ?an #ce p]c5t 9 fiscal ye> #bjbj & ea* ye> !reaft] %all be clean electricity4 2 7#f7 9 subsection 7b71 by add+ at ! end ! foll[+3 7#c7 ,clean electricity ,! t]m clean electricity means-- 7,a7 r5ewable en]gy2 7,b7 any electric en]gy g5]at$ by a nucle> p[] plant2 & 7,c7 ! p]c5tage ( electric en]gy g5]at$ by a p[] plant t equals ! p]c5tage ( c>bon dioxide emissions ( su* plant t are captur$ & seque/]$4 2 7#g7 9 subsection 7c71 by /rik+ r5ewable en]gy & ins]t+ clean electricity 9 ea* place x occurs2 7#h7 by r$esignat+ subsection 7d7 z subsection 7e72 & 7#i7 by ins]t+ aft] subsection 7c7 ! foll[+3 7d7 ,p[] pur*ase agreem5t ,= ! purposes ( ?is section1 ! ,secret>y may ent] into a p[] pur*ase agreem5t = z mu* z all ( ! electricity output ( a nucle> p[] plant = ! duration ( ! op]ational life ( su* plant if su* plant supplies electricity = purposes ( national security or mission-critical activities4 4 7b7 ,am5dm5ts to en]gy policies ( ! ,dep>tm5t ( ,def5se & ! ,dep>tm5t ( ,homel& ,security ,subtitle ,b ( title ,,vi ( ! ,en]gy ,policy ,act ( #bjje is am5d$ by add+ at ! end ! foll[+3 #fci;,a4 ,long-t]m nucle> p[] pur*ase agreem5t pilot program 7a7 ,e/abli%m5t ,! ,secret>y %all e/abli% & c>ry out a pilot program = long-t]m p[] pur*ase agreem5ts = electricity g5]at$ by nucle> p[]4 7b7 ,requirem5ts ,9 c>ry+ out ! pilot program e/abli%$ "u subsection 7a71 ! ,secret>y %all-- 7#a7 consult & coord9ate ) ! heads ( o!r ,f$]al ag5cies t may b5efit f pur*as+ nucle> p[] = a p]iod ( long] ?an #aj ye>s1 includ+-- 7,a7 ! ,secret>y ( ,def5se2 7,b7 ! ,adm9i/rator ( ,g5]al ,s]vices2 & 7,c7 ! ,secret>y ( ,homel& ,security2 & 7#b7 n lat] ?an #e ye>s aft] ! date ( enactm5t ( ?is section1 ent] into at lea/ #a p[] pur*ase agreem5t ) ! own] or op]ator ( a comm]cial nucle> p[] plant = up to #cj ye>s4 7c7 ,priority ,9 c>ry+ out ! pilot program e/abli%$ "u subsection 7a71 ! ,secret>y %all prioritize ent]+ into a p[] pur*ase agreem5t ) ! own] or op]ator ( a plant t uses fir/-(-a-k9d or e>ly deploym5t nucle> te*nologies t c provide reliable & resili5t p[] to high-value assets = national security purposes or o!r purposes1 :i* ! ,secret>y det]m9es are 9 ! national int]e/1 especially 9 remote (f-grid sc5>ios or grid-connect$ sc5>ios t c provide capabilities commonly kn[n z isl&+ p[] capabilities dur+ an em]g5cy sc5>io4 7d7 ,effect on rates ,a p[] pur*ase agreem5t ent]$ into "u ?is section may be at a rate t is high] ?an ! av]age m>ket rate if ! p[] pur*ase agreem5t fulfills an applicable consid]ation describ$ 9 subsection 7c74 4 7c7 ,table ( cont5ts ,! table ( cont5ts ( ! ,en]gy ,policy ,act ( #bjje 7,public ,law #aji-eh2 #aai ,/at4 #eid7 is am5d$ by ins]t+ aft] ! item relat+ to section #fci ! foll[+3 ,sec4 #fci;,a4 ,long-t]m nucle> p[] pur*ase agreem5t pilot program4 4 7d7 ,au?orization ( long-,t]m p[] pur*ase agreem5ts ,section #eja7;b77#a7 ( title #dj1 ,unit$ ,/ates ,code1 is am5d$ by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+3 7,b7 ,public utility contracts 7i7 ,t]m 7,i7 ,9 g5]al ,a contract "u ?is p>agraph to pur*ase electricity s]vice f a public utility may be = a p]iod ( n m ?an #dj ye>s4 7,,ii7 ,o!r public utility s]vices ,a contract "u ?is p>agraph = a public utility s]vice o!r ?an a s]vice describ$ 9 subclause 7,i7 may be = a p]iod ( n m ?an #aj ye>s4 7ii7 ,co/s ,! co/ ( a contract "u ?is p>agraph = any fiscal ye> may only be paid f ! appropriations = t fiscal ye>4 4 #cjd4 ,mod]niz+ ! ,nucle> ,regulatory ,commission 7a7 ,r$uc+ ! adm9i/rative burd5 ( lic5s+ activities = new designs ( advanc$ nucle> reactors 7#a7 ,report ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is section1 ! ,commission %all submit to ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives & ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate a report t recomm5ds h[ to improve ! processes1 proc$ures1 &1 if appropriate1 regulations ( ! ,commission ) respect to lic5s+1 c]tification1 & approval ( advanc$ nucle> reactor designs4 7#b7 ,requir$ recomm5dations ,! report submitt$ "u p>agraph 7#a7 %all include recomm5dations to-- 7,a7 improve all ,commission actions ) respect to lic5s+1 c]tification1 & approval ( advanc$ nucle> reactor designs1 includ+ actions to meet ! ,commission's obligations "u ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dbca et seq472 7,b7 emphasize risk-in=m$ & p]=mance-bas$ regulatory approa*es2 & 7,c7 enable ! ,commission to f9alize its review ( an application to approve ! design ( an advanc$ nucle> reactor 9 no m ?an two ye>s4 7b7 ,/udy on elim9ation ( =eign lic5s+ re/rictions ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is section1 ! ,comptroll] ,g5]al1 9 consultation ) ! ,secret>y1 %all submit to ,congress a report conta9+ ! results ( a /udy on ! feasibility & implications ( repeal+ re/rictions "u sections #ajc d4 & #ajd d4 ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bjaa et seq474 7c7 ,/udy on ! impact ( ! elim9ation ( m&atory he>+s = unconte/$ lic5s+ applications ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is section1 ! ,comptroll] ,g5]al1 9 consultation ) ! ,secret>y1 %all submit to ,congress a report conta9+ ! results ( a /udy on ! e/imat$ effect ( elim9at+ ! requirem5t to hold a he>+ = unconte/$ applications = an op]at+ lic5se or con/ruction p]mit "u section #ahi ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bbci74 7d7 ,in=mal he>+ proc$ures 7#a7 ,proc$ures ,section #ahi a4 ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bbci7;a77 is am5d$ by add+ at ! end ! foll[+3 7#c7 ,any he>+ "u ?is section %all be conduct$ us+ in=mal adjudicatory proc$ures 9 accordance ) section #eee ( title #e1 ,unit$ ,/ates ,code1 unless ! ,commission det]m9es t =mal adjudicatory proc$ures "u section #eed1 #eef1 or #eeg ( title #e1 ,unit$ ,/ates ,code are necess>y-- 7,a7 to develop a suffici5t record2 or 7,b7 to a*ieve fairness4 4 7#b7 ,he>+s on lic5s+ ( uranium enri*m5t facilities ,section #aic7;b7 ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bbdc7;b77 is am5d$-- 7,a7 9 p>agraph 7#a71 by /rik+ on ! record & all t foll[s ?r\gh & #fc & ins]t+ ^u a reque/ = a he>+ on ! lic5s+ ( con/ruction & op]ation ( a uranium enri*m5t facility "u sections #ec & #fc1 ! ,commission %all conduct a s+le adjudicatory he>+2 & 7,b7 9 p>agraph 7#b71 by /rik+ ,su* he>+ & ins]t+ ,if a he>+ is held "u p>agraph 7#a71 ! he>+4 7e7 ,application reviews = nucle> en]gy projects ,section #ahe ( ! ,atomic ,en]gy ,act ( #aied 7#db ,u4,s4,c4 #bbce7 is am5d$ by add+ at ! end ! foll[+3 c4 ,application review = nucle> en]gy projects4-- 7#a7 ,/reaml9+ lic5se application review ,) respect to an application = a con/ruction p]mit1 op]at+ lic5se1 or comb9$ con/ruction p]mit & op]at+ lic5se = a production facility or utilization facility1 ! ,commission %all-- 7,a7 und]take an exp$it$ environm5tal review process & issue any draft environm5tal impact /atem5ts 7z requir$ "u ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dcba et seq477 = ! application n lat] ?an #bd mon?s aft] ! date on :i* ! application is accept$ = docket+2 & 7,b7 complete ! te*nical review process ( ! application1 issue any safety evaluation reports1 & issue any f9al environm5tal impact /atem5ts 7z requir$ "u ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dcba et seq47 = ! application7 n lat] ?an #bd mon?s aft] ! date on :i* ! application is accept$ = docket+4 7#b7 ,use ( e>ly site p]mit environm5tal impact /atem5t 7,a7 ,supplem5tal environm5tal impact /atem5t ,9 a proce$+ = a comb9$ con/ruction p]mit & op]at+ lic5se = a site = :i* an e>ly site p]mit has be5 issu$1 any environm5tal impact /atem5t prep>$ by ! ,commission & coop]at+ ag5cies 7z requir$ "u ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dcba et seq477 %all be prep>$ z a supplem5t to ! environm5tal impact /atem5t prep>$ = ! e>ly site p]mit4 7,b7 ,incorporation by ref]5ce ,! supplem5tal environm5tal impact /atem5t prep>$ "u subp>agraph 7,a7 %all-- 7i7 incorporate by ref]5ce ! analysis1 f9d+s1 & conclusions f ! environm5tal impact /atem5t prep>$ = ! applicable e>ly site p]mit2 & 7ii7 include additional discussion1 analyses1 f9d+s1 & conclusions on matt]s resolv$ 9 ! e>ly site p]mit proce$+ only to ! ext5t necess>y to address in=mation t-- 7,i7 is new2 & 7,,ii7 w\ld mat]ially *ange ! prior f9d+s or conclusions4 7#c7 ,production or utilization facility locat$ at an exi/+ site ,9 review+ an application = an e>ly site p]mit1 con/ruction p]mit1 op]at+ lic5se1 or comb9$ con/ruction p]mit & op]at+ lic5se = a propos$ production facility or utilization facility t is to be locat$ at ! site ( an already lic5s$ production facility or utilization facility1 ! ,commission %all1 to ! ext5t practicable1 use in=mation t 0 "p ( ! det]m9ation to issue a lic5se = ! already lic5s$ production facility or utilization facility4 7#d7 ,he>+ on e>ly site p]mit1 con/ruction p]mit1 & comb9$ con/ruction p]mit & op]at+ lic5se 7,a7 ,9 g5]al ,! ,commission %all issue & make imm$iately effective an e>ly site p]mit or con/ruction p]mit = a production facility or utilization facility ^u ! ,commission's f9d+ t ! application !re= satisfies ! requirem5ts ( ?is ,act1 not)/&+ any out/&+ reque/ = a he>+ = su* lic5se4 7,b7 ,appropriate action ,foll[+ completion ( any requir$ he>+1 ! ,commission %all take any appropriate action ) respect to ! e>ly site p]mit1 con/ruction p]mit1 or comb9$ con/ruction p]mit & op]at+ lic5se to ! ext5t necess>y to acc\nt = ! he>+ results4 7#e7 ,e>ly site p]mit def9$ ,9 ?is subsection1 ! t]m e>ly site p]mit has ! mean+ giv5 su* t]m 9 section #eb4a ( title #aj1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( enactm5t ( ?is subsection74 4 7f7 ,def9itions ,9 ?is section3 7#a7 ,advanc$ nucle> reactor ,! t]m advanc$ nucle> reactor means a nucle> fission or nucle> fusion reactor1 includ+ a prototype plant 7z su* t]m is def9$ 9 section #ej4b or section #eb4a ( title #aj1 ,code ( ,f$]al ,regulations1 z 9 effect on ! date ( enactm5t ( ?is section71 ) significant improvem5ts comp>$ to a comm]cial nucle> reactor t is "u con/ruction z ( ! date ( enactm5t ( ?is section1 includ+ improvem5ts su* z-- 7,a7 additional inh]5t safety features2 7,b7 significantly l[] leveliz$ co/ ( electricity2 7,c7 l[] wa/e yields2 7,d7 great] fuel utilization2 7,e7 enhanc$ reliability2 7,f7 increas$ prolif]ation resi/ance2 7,g7 increas$ !rmal effici5cy2 7,h7 r$uc$ consumption ( cool+ wat]2 7,i7 ! ability to integrate into electric applications & nonelectric applications2 7,j7 modul> sizes to all[ = deploym5t t corresponds ) ! dem& = electricity2 or 7,k7 op]ational flexibility to respond to *anges 9 dem& = electricity & to complem5t integration ) int]mitt5t r5ewable en]gy4 7#b7 ,applicant ,! t]m applicant means an applicant = a lic5se1 c]tification1 p]mit1 or o!r =m ( approval f ! ,commission = an advanc$ nucle> reactor or a rese>* & te/ reactor4 7#c7 ,commission ,! t]m ,commission means ! ,nucle> ,regulatory ,commission4 7g7 ,au?orization ( appropriations 7#a7 ,9 g5]al ,!re are au?oriz$ to be appropriat$ to c>ry out subsections 7a71 7b71 & 7c7 #bj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjcj1 to rema9 available until exp5d$4 7#b7 ,(f-fee appropriation ,any funds appropriat$ to c>ry out ?is section may n be recov]$ by ! ,commission ?r\gh ! collection ( us] fees f exi/+ lic5sees4 #cje4 ,demon/ration & e>ly deploym5t ( advanc$ nucle> reactors 7a7 ,9 g5]al ,subtitle ,b ( title ,,vi ( ! ,en]gy ,policy ,act ( #bjje 7,public ,law #aji-eh2 #aai ,/at4 #ghb7 is fur!r am5d$ by add+ aft] section #fci7;,a7 7z add$ by ?is ,act7 ! foll[+3 #fci;,b4 ,advanc$ nucle> reactor rese>* & developm5t goals 7a7 ,9 g5]al ,! ,secret>y %all1 z soon z practicable aft] ! date ( enactm5t ( ?is section1 enable ! comm]cial deploym5t ( dome/ic1 advanc$1 af=dable1 & clean nucle> en]gy by-- 7#a7 demon/rat+ diff]5t advanc$ nucle> reactor te*nologies t may be us$ by ! private sector to produce-- 7,a7 emission-free p[] at a co/ ( n m ?an #gj p] m,wh2 7,b7 heat = indu/rial purposes or syn!tic fuel production2 7,c7 a supply ( remote or (f-grid en]gy2 or 7,d7 a p[] supply t is a necess>y backup to a mission = :i* un9t]rupt$ p[] is critical2 7#b7 develop+ goals = nucle> en]gy rese>* programs1 :i* are c>ri$ out by ! ,(fice ( ,nucle> ,en]gy ( ! ,dep>tm5t ( ,en]gy2 7#c7 id5tify+ rese>* t ! private sector is unable or unwill+ to und]take due to ! co/ (1 or risks associat$ )1 ! rese>*2 & 7#d7 facilitat+ ! access ( ! private sector-- 7,a7 to ,f$]al rese>* facilities2 & 7,b7 to ! results ( rese>* fund$ by ! ,f$]al ,gov]nm5t4 7b7 ,demon/ration projects 7#a7 ,9 g5]al ,n lat] ?an ,decemb] #ca1 #bjbe1 ! ,secret>y %all e/abli% a program to ent] into agreem5ts to c>ry out no few] ?an #e demon/ration projects pursuant to subsection 7a77#a7 to demon/rate ! suitability ( advanc$ nucle> reactors = comm]cial applications4 7#b7 ,requirem5ts ,9 c>ry+ out demon/ration projects "u p>agraph 7#a71 ! ,secret>y %all-- 7,a7 ensure ! demon/ration projects "u p>agraph 7#a7 cov] a div]se range ( designs1 includ+ designs us+ diff]5t prim>y coolants2 7,b7 ensure t-- 7i7 ! long-t]m co/ ( electricity or heat = ea* design involv$ 9 a demon/ration project c>ri$ out "u ?is subsection is co/-competitive 9 ! applicable m>ket2 & 7ii7 su* co/-competitiv5ess is v]ifi$ by an ext]nal review2 7,c7 ent] into co/-%>+ agreem5ts ) p>tn]s 9 accordance ) section #ihh = ! conduct ( activities relat+ to ! rese>*1 developm5t1 & demon/ration ( private-sector advanc$ nucle> reactor designs "u ! program e/abli%$ "u p>agraph 7#a72 7,d7 "w ) private sector p>tn]s to id5tify pot5tial sites1 includ+ sites own$ by ! ,dep>tm5t1 to c>ry out demon/ration projects1 z appropriate2 & 7,e7 align specific activities c>ri$ out "u demon/ration projects t are c>ri$ out "u ?is subsection1 ) priorities id5tifi$ ?r\gh direct consultation betwe5-- 7i7 ! ,secret>y2 7ii7 ! ,national ,laboratories2 7iii7 traditional end-us]s 7su* z an electric utility72 7iv7 pot5tial end-us]s ( new te*nologies 7su* z petro*emical companies72 & 7v7 develop]s ( advanc$ nucle> reactor te*nology4 7c7 ,rese>* & developm5t goals 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% & annually update goals = ! rese>* to support ! demon/ration ( advanc$ reactors "u subsection 7b7 & ! deploym5t ( subsequ5t advanc$ reactors4 7#b7 ,coord9ation ,9 develop+ & updat+ ! goals1 ! ,secret>y %all coord9ate ) memb]s ( private indu/ry4 7#c7 ,requirem5ts ,9 develop+ ! goals1 ! ,secret>y %all ensure t-- 7,a7 rese>* activities are focus$ on-- 7i7 key areas ( nucle> rese>*1 developm5t1 & deploym5t t range f basic rese>* on advanc$ nucle> reactor g5]ation to full-design developm5t1 safety evaluation1 & lic5s+2 7ii7 resolv+ mat]ials *all5ges relat+ to radiation damage or corrosive coolants2 & 7iii7 qualification ( advanc$ nucle> fuel2 7,b7 infra/ructure1 su* z a v]satile reactor-bas$ fa/ neutron s\rce1 :i* is requir$ to be e/abli%$ 9 section #iee7;c77#a7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbge7;c77#a771 or a molt5 salt te/+ facility to aid 9 rese>*1 is con/ruct$2 & 7,c7 advanc$ manufactur+ & con/ruction te*niques & mat]ials are analyz$ to id5tify /rategies to r$uce ! comm]cialization co/ ( advanc$ nucle> reactors4 7d7 ,def9itions ,9 ?is section3 7#a7 ,advanc$ nucle> reactor ,! t]m advanc$ nucle> reactor means a nucle> fission or nucle> fusion reactor1 includ+ a prototype plant 7z su* t]m is def9$ 9 section #ej4b or section #eb4a ( title #aj1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( enactm5t ( ?is section771 ) significant improvem5ts comp>$ to a comm]cial nucle> reactor t is "u con/ruction z ( ! date ( enactm5t ( ?is section1 includ+ improvem5ts su* z-- 7,a7 additional inh]5t safety features2 7,b7 significantly l[] leveliz$ co/ ( electricity2 7,c7 l[] wa/e yields2 7,d7 great] fuel utilization2 7,e7 enhanc$ reliability2 7,f7 increas$ prolif]ation resi/ance2 7,g7 increas$ !rmal effici5cy2 7,h7 r$uc$ consumption ( cool+ wat]2 7,i7 ! ability to integrate into electric applications & nonelectric applications2 7,j7 modul> sizes to all[ = deploym5t t corresponds ) ! dem& = electricity2 or 7,k7 op]ational flexibility to respond to *anges 9 dem& = electricity & to complem5t integration ) int]mitt5t r5ewable en]gy4 7#b7 ,demon/ration project ,! t]m demon/ration project means a project c>ri$ out "u subsection 7b7 t-- 7,a7 includes op]ation ( an advanc$ nucle> reactor z "p ( ! p[] g5]ation facilities ( an electric utility sy/em2 or 7,b7 demon/rates ! suitability ( an advanc$ nucle> reactor = comm]cial application4 7e7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section #a1jjj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjcj4 4 7b7 ,table ( cont5ts am5dm5t ,! table ( cont5ts ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aehja note7 is fur!r am5d$ by add+ aft] ! item relat+ to section #fci;,a 7z add$ by ?is ,act7 ! foll[+3 ,sec4 #fci;,b4 ,advanc$ nucle> reactor rese>* & developm5t goals4 4 #cjf4 ,advanc$ nucle> fuel security program 7a7 ,f9d+s ,congress f9ds t-- 7#a7 ! national security nucle> ent]prise1 :i* supports ! nucle> weapons /ockpile /ew>d%ip & reactors functions ( ! ,national ,nucle> ,security ,adm9i/ration1 requires a dome/ic fuel cycle1 includ+ uranium m9+1 uranium process+1 uranium enri*m5t1 & fuel fabrication1 capable ( produc+ l[- & high-enri*$ uranium2 7#b7 _m dome/ic advanc$ nucle> p[] indu/ry p>ticipants require access to high-assay1 l[-enri*$ uranium fuel =-- 7,a7 initial fuel te/+2 7,b7 op]ation ( demon/ration reactors2 & 7,c7 comm]cial op]ation ( advanc$ nucle> reactors2 7#c7 z ( ! date ( enactm5t ( ?is ,act1 no dome/ic uranium enri*m5t or fuel fabrication capability exi/s = uranium fuel enri*$ to great] ?an #aj weight p]c5t ( ! uranium-#bce isotope2 7#d7 a heal?y comm]cial nucle> fuel cycle capable ( provid+ high] levels ( enri*$ uranium w\ld b5efit-- 7,a7 ! relevant national security functions ( ! ,national ,nucle> ,security ,adm9i/ration2 & 7,b7 ! dome/ic advanc$ nucle> indu/ry ( ! ,unit$ ,/ates2 & 7#e7 mak+ limit$ quantities ( high-assay1 l[-enri*$ uranium available f ,dep>tm5t /ockpiles ( uranium w\ld all[ = initial fuel te/+ & demon/ration ( advanc$ nucle> reactor concepts1 accel]at+-- 7,a7 ! pa? to m>ket ( ^? concepts2 & 7,b7 ! developm5t (-- 7i7 a m>ket = advanc$ nucle> reactors2 & 7ii7 a result+ gr[+ comm]cial nucle> fuel cycle capability4 7b7 ,nucle> en]gy 7#a7 ,9 g5]al ,subtitle ,e ( title ,,ix ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbga et seq47 is am5d$ by add+ at ! end ! foll[+3 #iei;,a4 ,advanc$ nucle> fuel security program 7a7 ,high-,assay1 l[-,enri*$ uranium program = advanc$ nucle> reactors 7#a7 ,e/abli%m5t ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% a program 79 ?is section kn[n z ! ,program7 to make available high-assay1 l[-enri*$ uranium1 ?r\gh contracts = sale1 resale1 transf]1 or lease1 = use 9 advanc$ nucle> reactors4 7#b7 ,nucle> fuel own]%ip ,ea* contract "u p>agraph 7#a7 %all include a provision t-- 7,a7 requires t any high-assay1 l[-enri*$ uranium sold1 resold1 transf]r$1 or leas$ "u su* contract %all rema9 ! prop]ty ( ! ,secret>y2 & 7,b7 ! ,secret>y %all be responsible = ! f9al disposition ( all radioactive wa/e creat$ by ! irradiation1 process+1 or purification ( any su* uranium4 7#c7 ,quantity ,9 c>ry+ out ! ,program1 ! ,secret>y %all make available-- 7,a7 by ,decemb] #ca1 #bjbb1 high-assay1 l[-enri*$ uranium conta9+ n less ?an #b metric tons ( ! uranium-#bce isotope2 & 7,b7 by ,decemb] #ca1 #bjbe1 high-assay1 l[-enri*$ uranium conta9+ n less ?an #aj metric tons ( ! uranium-#bce isotope1 :i* %all include ! quantities ( ! uranium-#bce isotope requir$ to be made available "u subp>agraph 7,a74 7#d7 ,factors = consid]ation ,9 c>ry+ out ! ,program1 ! ,secret>y %all take into consid]ation options = provid+ high-assay1 l[-enri*$ uranium f ! /ockpile ( uranium own$ by ! ,dep>tm5t 7includ+ ! ,national ,nucle> ,security ,adm9i/ration71 includ+ by provid+ f among su* /ockpile-- 7,a7 fuel t-- 7i7 directly meets ! ne$s ( an end-us]2 & 7ii7 has be5 previ\sly us$ or fabricat$ = ano!r purpose2 7,b7 fuel t c meet ! ne$s ( an end-us] aft] remov+ radioactive contam9ants or o!r contam9ants t result$ f a previ\s use or fabrication ( ! fuel = rese>*1 developm5t1 demon/ration1 or deploym5t activities ( ! ,dep>tm5t 7includ+ activities ( ! ,national ,nucle> ,security ,adm9i/ration72 & 7,c7 fuel f a high-enri*$ uranium /ockpile1 :i* c be bl5d$ ) l[]-assay uranium to become high-assay1 l[-enri*$ uranium t may be us$ 9 an advanc$ nucle> reactor4 7#e7 ,limitation ,! ,secret>y %all n b>t] or o!rwise sell1 resell1 or transf] uranium 9 any =m 9 ex*ange = s]vices relat+ to ! f9al disposition ( radioactive wa/e f uranium t is ! subject ( a sale1 lease1 release1 or transf] "u ?is section4 7#f7 ,sunset ,! ,program %all t]m9ate on ! e>li] (-- 7,a7 ,janu>y #a1 #bjce2 or 7,b7 ! date on :i* uranium enri*$ up to1 b n equal to1 #bj weight p]c5t c be obta9$ 9 ! comm]cial m>ket f dome/ic suppli]s1 z det]m9$ by ! ,secret>y4 7b7 ,report 7#a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all submit to ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate & ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives a report t-- 7,a7 describes ! actions ! ,secret>y proposes to c>ry out "u ! ,program2 & 7,b7 includes-- 7i7 ! e/imates "u p>agraph 7#c72 & 7ii7 ! evaluations "u p>agraph 7#d74 7#b7 ,coord9ation & /akehold] input ,9 develop+ ! report requir$ "u p>agraph 7#a71 ! ,secret>y %all seek input f-- 7,a7 ! ,nucle> ,regulatory ,commission2 7,b7 ! ,national ,laboratories2 7,c7 in/itutions ( high] education 7z su* t]m is def9$ 9 section #aja ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja7;a7772 7,d7 a div]se gr\p ( entities op]at+ 9 ! nucle> en]gy indu/ry2 & 7,e7 a div]se gr\p ( te*nology develop]s4 7#c7 ,co/ & s*$ule e/imates ,! report requir$ "u p>agraph 7#a7 %all include e/imat$ co/s1 budgets1 & timeframes = enabl+ ! use ( high-assay1 l[-enri*$ uranium4 7#d7 ,requir$ evaluations ,! report requir$ "u p>agraph 7#a7 %all evaluate-- 7,a7 ! co/s ( ! actions requir$ to e/abli% & c>ry out ! ,program1 includ+ ) respect to-- 7i7 propos$ prelim9>y t]ms = ! sale1 resale1 transf]1 & leas+ ( high-assay1 l[-enri*$ uranium 7includ+ guidel9es def9+ ! roles & responsibilities ( ! ,dep>tm5t & ! pur*as]1 transf] recipi5t1 or lessee72 & 7ii7 ! pot5tial to coord9ate ) pur*as]s1 transf] recipi5ts1 & lessees reg>d+-- 7,i7 fuel fabrication2 & 7,,ii7 fuel transportation2 7,b7 ! pot5tial s\rces ( uranium & fuel =ms available to c>ry out ! ,program2 7,c7 options to coord9ate c>ry+ out ! ,program ) ! op]ation ( ! v]satile reactor-bas$ fa/ neuron s\rce1 :i* is requir$ to be e/abli%$ "u section #iee7;c7 ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afbge7;c772 7,d7 ! ability ( ! dome/ic uranium m>ket to provide mat]ials = advanc$ nucle> reactor fuel2 & 7,e7 any associat$ legal1 regulatory1 & policy issues t %\ld be address$ to-- 7i7 c>ry out ! ,program2 & 7ii7 enable ! e/abli%m5t ( a dome/ic indu/ry capable ( provid+ high-assay1 l[-enri*$ uranium = comm]cial & noncomm]cial purposes1 includ+ ) respect to ! ne$s (-- 7,i7 ! ,dep>tm5t2 7,,ii7 ! ,secret>y ( ,def5se2 & 7,,iii7 ! "u ,secret>y ( ! ,national ,nucle> ,security ,adm9i/ration4 7c7 ,def9itions ,9 ?is section3 7#a7 ,high-assay1 l[-enri*$ uranium ,! t]m high-assay1 l[-enri*$ uranium means uranium t is enri*$ ) ! uranium-#bce isotope 9 an assay weight t is great] ?an #e p]c5t1 b less ?an #bj p]c5t4 7#b7 ,high-enri*$ uranium ,! t]m high-enri*$ uranium means uranium t is enri*$ ) ! uranium-#bce isotope 9 an assay weight ( #bj p]c5t or m4 4 7#b7 ,table ( cont5ts ,! table ( cont5ts ( ! ,en]gy ,policy ,act ( #bjje 7,public ,law #aji-eh2 #aai ,/at4 #eid7 is am5d$-- 7,a7 9 ! item relat+ to section #ieg1 by ins]t+ ,sec4 be=e #ieg2 7,b7 9 ! item relat+ to section #ieh1 by ins]t+ ,sec4 be=e #ieh2 7,c7 9 ! item relat+ to section #iei1 by ins]t+ ,sec4 be=e #iei2 & 7,d7 by add+ aft] ! item relat+ to section #iei 7z am5d$ by ?is p>agraph7 ! foll[+3 ,sec4 #iei;,a4 ,advanc$ nucle> fuel security program4 4 #cjg4 ,au?orization ( appropriations = loan gu>antees = advanc$ nucle> facilities ,section #agjd ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #afead7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,advanc$ nucle> en]gy facilities ,! ,secret>y is au?oriz$ to make gu>antees & cr$it subsidies = advanc$ nucle> en]gy facilities "u section #agjc7;b77#d7 = loans ( #aj1jjj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjcj1 to rema9 available until exp5d$4 4 #cjh4 ,exp&+ ! production tax cr$it = nucle> p[] ,section #de;,j ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 subsection 7a77#a71 by /rik+ #a4h c5ts & ins]t+ #b4g c5ts2 7#b7 9 subsection 7b77#e77;,b77ii71 by /rik+ #f1jjj megawatts & ins]t+ #ae1jjj megawatts2 & 7#c7 9 subsection 7e71 by /rik+ p>agraph 7#a7 & r$esignat+ p>agraphs 7#b7 & 7#c7 z 7#a7 & 7#b71 respectively4 #cji4 ,au?orizations ( appropriations = innovation 9 nucle> p[] ,!re are au?oriz$ to be appropriat$ to ! ,secret>y #a1jjj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjcj-- 7#a7 = ,gateway = ,accel]at$ ,innovation 9 ,nucle> v\*]s2 7#b7 = advanc$ nucle> te*nology developm5t fund+ opportunity ann\ncem5ts2 7#c7 = advanc$ small modul> reactor rese>* & developm5t2 7#d7 = ! advanc$ reactor demon/ration program2 & 7#e7 up to #fj1jjj1jjj = ! ,nucle> ,reactor ,innovation ,c5t]4 ,,iv ,clean ,electricity ,/&>d #dja4 ,c]tification ( co/-effective m>ket p5etration ( clean electricity te*nologies ,title ,,vi ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh 7#af ,u4,s4,c4 #bfja et seq47 is am5d$ by add+ at ! end ! foll[+3 #faj4 ,f$]al dec>bonization & innovation assessm5t program 7a7 ,9 g5]al ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y1 aft] consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all e/abli% a program1 to be kn[n z ! ,f$]al ,dec>bonization & ,innovation ,assessm5t ,program1 to annually review & monitor progress t[>ds ! a*ievem5t (-- 7#a7 an #hj p]c5t r$uction 9 annual p[] sector c>bon dioxide emissions1 bel[ ! level 9 ! ye> ( enactm5t1 by #bjej2 & 7#b7 co/-effective m>ket p5etration ( advanc$ clean p[] g5]ation te*nologies1 9 accordance ) subsection 7b74 7b7 ,co/-,effective m>ket p5etration ,co/-effective m>ket p5etration ( advanc$ clean p[] g5]ation te*nologies %all be deem$ to h occurr$ on ! date :5 ! ,secret>y det]m9es t-- 7#a7 at lea/ #c gigawatts ( new electricity g5]at+ capacity us+ any type ( eligible te*nology has come into comm]cial op]ation s9ce enactm5t ( ?is section1 provid$ t-- 7,a7 less ?an #ej p]c5t ( ! capital co/s ( su* capacity has be5 subsidiz$ ) ,f$]al funds2 & 7,b7 at lea/ #a gigawatt ( ! new electricity g5]at+ capacity us+ eligible te*nology is coal-fir$ electricity g5]ation us+ c>bon capture utilization & /orage te*nology2 or 7#b7 at lea/ "o type ( eligible te*nology has simil> op]at+ *>act]i/ics1 su* z dispat*ability ^u dem& & duty cycle1 z exi/+ fossil-fuel$ electricity g5]ation &1 bas$ on data provid$ by ! ,en]gy ,in=mation ,adm9i/ration1 has a total co/ ( electricity g5]ation t is n m ?an #aj p]c5t high] ?an ! av]age total co/ ( electricity g5]ation f su* exi/+ fossil-fuel$ electricity g5]ation t has be5 con/ruct$ )9 ! #e ye>s prior to enactm5t ( ?is section4 7c7 ,c]tification ( co/-,effective m>ket p5etration ,^u mak+ ! det]m9ation describ$ "u subsection 7b71 b no e>li] ?an #e ye>s aft] enactm5t ( ?is section1 ! ,secret>y %all c]tify t co/-effective m>ket p5etration ( advanc$ clean p[] g5]ation te*nologies has occurr$4 7d7 ,def9itions ,9 ?is section3 7#a7 ,advanc$ dispat*able r5ewable g5]ation ,! t]m advanc$ dispat*able r5ewable g5]ation means r5ewable electricity g5]ation capacity t ! ,secret>y has det]m9$ c be us$ ^u dem& by grid op]ators1 includ+ r5ewable electricity g5]ation facilities t are support$ by long-duration en]gy /orage4 7#b7 ,advanc$ nucle> p[] g5]ation ,! t]m advanc$ nucle> p[] g5]ation means electricity g5]ation capacity us+ an advanc$ nucle> reactor1 z su* t]m is def9$ 9 section #fdj ( ! ,en]gy ,policy ,act ( #bjje4 7#c7 ,eligible te*nologies ,! t]m eligible te*nologies means ! foll[+ types ( te*nologies3 7,a7 ,advanc$ nucle> p[] g5]ation4 7,b7 ,advanc$ dispat*able r5ewable g5]ation4 7,c7 ,fossil-fuel$ electricity g5]ation equipp$ ) c>bon capture te*nology1 f :i* at lea/ #ij p]c5t ( c>bon dioxide output is captur$ & utiliz$ or /or$ 9 a mann] t prev5ts emission to ! atmosph]e4 4 #djb4 ,f$]al clean electricity /&>d ,title ,,vi ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh 7#af ,u4,s4,c4 #bfja et seq47 is fur!r am5d$ by add+ aft] section #faj 7z add$ by ?is ,act7 ! foll[+3 #faa4 ,f$]al clean electricity /&>d 7a7 ,clean electricity requirem5t 7#a7 ,def9ition ( retail electricity suppli] ,9 ?is section1 z det]m9$ = ea* cal5d> ye>1 ! t]m retail electricity suppli] means an entity 9 ! ,unit$ ,/ates t sold n few] ?an #bj megawatt-h\rs ( electric en]gy to electric consum]s = purposes o!r ?an resale dur+ ! prec$+ cal5d> ye>4 7#b7 ,9 g5]al ,effective beg9n+ 9 ! fir/ compliance p]iod ( ! program1 & = ea* compliance p]iod !reaft]1 ea* retail electricity suppli] %all surr5d] clean electricity cr$its correspond+ to ! requir$ p]c5tage1 z det]m9$ "u p>agraph 7#c71 ( ! electric en]gy x sells to electric consum]s4 7#c7 ,det]m9ation ( requir$ p]c5tage ,! ,secret>y %all det]m9e1 & may adju/ z ne$$1 ! requir$ p]c5tage = ea* compliance p]iod1 su* t ! p[] sector a*ieves1 by #bjej1 a r$uction 9 c>bon dioxide emissions ( #hj p]c5t f emission levels 9 ! ye> ( enactm5t ( ?is section1 & t c>bon dioxide emission levels are r$uc$ l9e>ly 9 ea* compliance p]iod ?r\gh #bjej1 provid$ t-- 7,a7 9 #bjbf1 ! ,secret>y %all make a projection ( ! electricity g5]at$ 9 #bjcj t c\ld qualify = clean electricity cr$its "u subsection 7d72 7,b7 ! requir$ p]c5tage = ! fir/ compliance p]iod %all be ! great] (-- 7i7 ! p]c5tage ( electricity g5]at$ t w\ld qualify = issuance ( clean electricity cr$its "u subsection 7d7 9 ! ye> ( enactm5t ( ?is section2 & 7ii7 ! ,secret>y's projection = #bjcj "u subp>agraph 7,a72 & 7,c7 ! requir$ p]c5tage %all be uni=m = ea* retail electric suppli] regulat$ "u ?is section = any compliance p]iod4 7#d7 ,e>ly projection ( requir$ p]c5tage to promote compliance plann+ ,n lat] ?an two ye>s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all make a projection ( ! requir$ p]c5tage = ! fir/ compliance p]iod1 extrapolat+ f ! prior five ye>s ( electricity g5]ation4 7b7 ,compliance ,a retail electric suppli] %all meet ! requirem5ts ( subsection 7a7 = ea* compliance p]iod by-- 7#a7 submitt+ to ! ,secret>y a numb] ( clean electricity cr$its equal to ! product ( ! requir$ p]c5tage = ! compliance p]iod times ! volume ( electric en]gy ! retail electric suppli] sold to consum]s dur+ ! compliance p]iod2 7#b7 pay+ an am\nt equal to ! product ( ! alt]native compliance paym5t1 9 ! am\nt specifi$ 9 subsection 7h71 times ! numb] ( clean electricity cr$its t w\ld o!rwise be due "u p>agraph 7#a7 9 ! compliance p]iod2 or 7#c7 tak+ a comb9ation ( ! actions describ$ 9 p>agraphs 7#a7 & 7#b74 7c7 ,f$]al clean electricity cr$it trad+ program 7#a7 ,e/abli%m5t ,n lat] ?an #ahj days aft] ! program trigg] date1 ! ,secret>y %all e/abli% a ,f$]al clean electricity cr$it acc\nt+ & trad+ program "u :i* clean electricity cr$its may be acquir$1 sold1 transf]r$1 & held & electric utilities may submit to ! ,secret>y clean electricity cr$its to comply ) ! requirem5ts ( ?is section4 7#b7 ,clean electricity cr$its ,ea* ye>1 ! ,secret>y %all issue to ea* g5]ator ( electric en]gy a quantity ( clean electricity cr$its det]m9$ 9 accordance ) subsection 7d74 7#c7 ,adm9i/ration ,ea* clean electricity cr$it issu$ "u ?is subsection %all be us$ only once = ! purpose ( comply+ ) ! requirem5ts ( ?is section4 7#d7 ,delegation ( program adm9i/ration ,9 c>ry+ out ?is subsection1 ! ,secret>y may delegate-- 7,a7 to ! ,commission1 ! implem5tation ( "s or all ( ! program e/abli%$ "u p>agraph 7#a72 & 7,b7 to appropriate entities1 ! track+ ( clean electricity cr$its4 7#e7 ,bank+ ( clean electricity cr$its ,clean electricity cr$its issu$ "u subsection 7d7 %all be valid = ! compliance p]iod 9 :i* ! clean electricity cr$it is issu$ or 9 any subsequ5t compliance p]iod4 7d7 ,issuance ( clean electricity cr$its 7#a7 ,9 g5]al ,= ea* cal5d> ye>1 />t+ ) ! ye> ( ! program effective date1 ! ,secret>y %all issue clean electricity cr$its to ea* electricity g5]ator 9 ! ,unit$ ,/ates t has sold electricity & has an annual c>bon int5sity ( less ?an #j4hbe metric tons p] megawatt-h\r4 7#b7 ,det]m9ation ( cr$its issu$ ,! numb] ( clean electricity cr$its issu$ "u p>agraph 7#a7 %all be equal to ! product (-- 7,a7 ! numb] ( megawatt-h\rs ( electric en]gy sold f ! electricity g5]ator2 & 7,b7 #a4j m9us ! quoti5t obta9$ by divid+-- 7i7 ! annual c>bon int5sity ( ! g5]ator1 z det]m9$ 9 accordance ) p>agraph 7#c71 express$ 9 metric tons p] megawatt-h\r2 by 7ii7 #j4hb4 7#c7 ,det]m9ation ( annual c>bon int5sity ( g5]at+ facilities ,) respect to p>agraph 7#b77;,b77i71 ! ,secret>y %all det]m9e1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 ! annual c>bon int5sity ( ea* g5]ator by divid+-- 7,a7 ! net annual c>bon dioxide emissions ( ! g5]ator2 by 7,b7 ! annual quantity ( electric en]gy g5]at$ & sold by ! g5]ator4 7e7 ,dynamic cr$it+ ,if ! ,secret>y approves use ( a dynamic cr$it+ me?odology or me?odologies "u section #fab7;c71 ! ,secret>y %all implem5t su* me?odology or me?odologies 9 lieu ( ! cr$it+ me?odology e/abli%$ "u subsection 7d77#b7 z a means ( issu+ clean electricity cr$its4 7f7 ,civil p5alties 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 a retail electric suppli] t fails to meet ! requirem5ts to submit clean electricity cr$its or make alt]native compliance paym5ts z requir$ by subsection 7b7 %all be subject to a civil p5alty 9 an am\nt equal to ! product obta9$ (-- 7,a7 ! numb] ( megawatt-h\rs ( electric en]gy sold by ! retail electric suppli] to electric consum]s 9 violation ( subsection 7b72 & 7,b7 #bjj p]c5t ( ! value ( ! applicable alt]native compliance paym5t z det]m9$ "u subsection 7h74 7#b7 ,proc$ure = assess+ p5alty ,! ,secret>y %all assess a civil p5alty "u ?is subsection 9 accordance ) ! proc$ures = assess+ a p5alty aga9/ a p]son "u section #ccc7;d7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcjc7;d774 7g7 ,sav+s provision ,no?+ 9 ?is section affects ! au?ority ( a ,/ate1 or a political subdivision ( a ,/ate1 to adopt or en=ce any law relat+ to-- 7#a7 clean electricity or r5ewable en]gy2 7#b7 c>bon dioxide emissions2 or 7#c7 ! regulation ( a retail electric suppli]4 7h7 ,alt]native compliance paym5t 7#a7 ,initial am\nt ,! alt]native compliance paym5t = ! fir/ ye> ( ! fir/ compliance p]iod %all be #cj p] megawatt h\r4 7#b7 ,annual adju/m5ts to alt]native compliance paym5t ,= ea* ye> aft] ! fir/ ye> ( ! fir/ compliance p]iod1 ! ,secret>y %all increase ! am\nt ( ! alt]native compliance paym5t f ! am\nt = ! prior ye> by #e p]c5t4 ,! ,secret>y may make an additional annual adju/m5t to acc\nt = inflation1 z ! ,secret>y may det]m9e necess>y4 7i7 ,regulations ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all promulgate regulations to implem5t ?is section4 7j7 ,def9itions ,9 ?is section3 7#a7 ,compliance p]iod ,! t]m compliance p]iod means ! #c-ye> p]iod />t+ on ! program effective date & ea* #c-ye> p]iod !reaft] until #bjej4 7#b7 ,program trigg] date ,! t]m program trigg] date means ,janu>y #a ( ! fir/ cal5d> ye> aft] ! ,secret>y issues ! c]tification "u section #faj7;c74 7#c7 ,program effective date ,! t]m program effective date means ! e>li] (-- 7,a7 ,janu>y #a ( ! fir/ cal5d> ye> t />ts two ye>s aft] ! program trigg] date2 or 7,b7 ,janu>y #a ( ! fir/ cal5d> ye> t is m ?an #aj ye>s aft] ! date ( enactm5t ( ?is section4 #fab4 ,use ( dynamic cr$it+ to issue clean electricity cr$its 7a7 ,id5tification ( dynamic cr$it+ me?odologies ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all id5tify me?odologies = calculat+ ! c>bon dioxide emissions f electricity g5]at+ res\rces t are avoid$ or displac$ by increas+ ! g5]ation f g5]at+ facilities eligible to receive clean electricity cr$its "u section #faa7;d74 ,9 c>ry+ out ?is subsection1 ! ,secret>y %all-- 7#a7 id5tify me?odologies t e/imate 9 an accurate mann] ! net c>bon dioxide emissions avoid$ or displac$ due to ! electricity g5]at$ by ea* specific g5]at+ facility 9 ea* g5]ation dispat* int]val2 & 7#b7 id5tify su* a me?odology or me?odologies1 z appropriate = g5]ation res\rces locat$ )9 ! region s]v$ by a regional transmission organization or indep5d5t sy/em op]ator1 z def9$ 9 section #c ( ! ,f$]al ,p[] ,act 7#af ,u4,s4,c4 #gif71 & = g5]ation res\rces op]at+ outside su* regions4 7b7 ,commission review ( dynamic cr$it+ me?odologies 7#a7 ,! ,secret>y %all %>e ! id5tifi$ dynamic cr$it+ me?odologies ) ! ,commission4 7#b7 ,n lat] ?an #abj days aft] its receipt ( ! dynamic cr$it+ me?odologies f ! ,secret>y1 ! ,commission %all hold a te*nical conf]5ce 9 p>tn]%ip ) ,/ate electric utility regulators to evaluate ! dynamic cr$it+ me?odologies1 includ+ evaluation ( alt]natives4 7#c7 ,n lat] ?an #ahj days aft] ! te*nical conf]5ce held pursuant to p>agraph 7#b71 & aft] provid+ an opportunity = public comm5t1 ! ,commission %all provide a report to ! ,secret>y on ! te*nical conf]5ce & any ,commission recomm5dations or evaluation conc]n+ dynamic cr$it+ me?odologies4 7c7 ,det]m9ation ,no lat] ?an #ahj days foll[+ receipt ( ! report provid$ pursuant to subsection 7b77#c71 ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all approve use ( "o or m id5tifi$ dynamic cr$it+ me?odologies to issue clean electricity cr$its if ! ,secret>y det]m9es t su* use w\ld-- 7#a7 significantly enhance confid5ce t a clean electricity /&>d w\ld a*ieve ! c>bon dioxide emission r$uction t>gets set =? 9 section #faa7;a77#b72 or 7#b7 significantly r$uce ! co/s ( a*iev+ su* t>gets4 7d7 ,use ( dynamic cr$it+ me?odologies ,if ! ,secret>y approves "o or m id5tifi$ dynamic cr$it+ me?odologies "u subsection 7c71 ! ,secret>y %all implem5t ! approv$ me?odology to det]m9e ! numb] ( clean electricity cr$its to be issu$ to an electricity g5]ator 9 lieu ( ! me?odology provid$ 9 #faa7;d77#b74 ,! ,secret>y %all apply a dynamic cr$it+ factor approv$ "u subsection 7c7 = ! fir/ full cal5d> ye> aft] su* approval1 or = ! fir/ ye> ( ! fir/ compliance p]iod1 :i*ev] is lat]1 except t ! ,secret>y may delay use ( approv$ dynamic cr$it+ me?odologies by "o ye> if ! ,secret>y f9ds t additional "t is ne$$ = ! ,secret>y or ! ,commission to take actions necess>y = implem5tation "u subsection 7e74 7e7 ,implem5tation 7#a7 ,! ,secret>y may1 by rule1 require t ! regional transmission organizations1 indep5d5t sy/em op]ators1 o!r balanc+ au?orities1 & o!r appropriate entities provide ! ,secret>y ) ! in=mation necess>y = ! ,secret>y to apply any approv$ dynamic cr$it+ me?odology4 7#b7 ,at ! reque/ ( ! ,secret>y1 or ^u its own initiative1 ! ,commission %all consid] :e!r *anges to t>iffs on file "u section #bje ( ! ,f$]al ,p[] ,act 7#af ,u4,s4,c4 #hbd;d7 are necess>y to implem5t ! requirem5ts ( any rule promulgat$ by ! ,secret>y "u p>agraph 7#a74 4 #djc4 ,regional clean electricity plann+ models 7a7 ,developm5t ( plann+ models & data ,n lat] ?an #b ye>s aft] ! date ( enactm5t ?is ,act1 ! ,secret>y %all make available "o or m regional electricity plann+ models & /&>diz$ sets ( data1 includ+ pot5tial r5ewable en]gy h\rly production pr(iles at all pot5tial locations = r5ewable en]gy deploym5t1 t ,/ates c use to develop plans = portfolios ( clean electricity res\rces t are capable ( a*iev+ ! emission r$uction trajectory provid$ 9 ! clean electricity requirem5ts e/abli%$ "u section #faa ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh at lea/ co/ & consi/5t ) ! ne$ to ma9ta9 reliability4 7b7 ,developm5t process ,9 mak+ plann+ models & data available "u subsection 7a71 ! ,secret>y %all-- 7#a7 solicit plann+ models & /&>diz$1 accurate data sets f ! national laboratories & univ]sities2 7#b7 hold jo9tly ) ! ,commission a te*nical conf]5ce on plann+ models & /&>diz$ data sets1 includ+ h\rly pr(iles ( r5ewable en]gy production at pot5tial deploym5t locations1 & consid] ! input f su* conf]5ce 9 *oos+ plann+ models & data sets to make available2 & 7#c7 update ! plann+ models & data sets made available f "t to "t 9 response to new in=mation4 7c7 ,use ( models by ,/ates ,! ,secret>y %all enc\rage ,/ates to use ! models & data sets to-- 7#a7 plan collaboratively ) o!r ,/ates 9 ! same ,nor? ,am]ican ,electric ,reliability ,corporation reliability region or organiz$ electricity m>ket on lea/-co/ & reliable compliance ) ! clean electricity /&>d e/abli%$ "u section #faa ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh2 & 7#b7 adopt1 & f "t to "t update1 multi-,/ate clean electricity res\rce deploym5t goals t promote lea/-co/ deploym5t consi/5t ) ma9ta9+ electric reliability4 #djd4 ,/&-by emission p]=mance /&>ds 7a7 ,annual review ( electric p[] sector emissions ,n lat] ?an ,febru>y #a ( ! fir/ ye> aft] enactm5t ( ?is section1 & ea* ,febru>y #a !reaft]1 ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 %all publi% a det]m9ation ( ! annual av]age level ( gre5h\se gas emissions f ! electric p[] sector = ! prior ?ree cal5d> ye>s4 7b7 ,en=ceability ,emission limitations = c>bon dioxide emissions f fossil fuel-fir$ p[] plants e/abli%$ "u title ,i ( ! ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdja et seq47 may be en=c$ by a ,/ate or by ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy-- 7#a7 be=e ! clean electricity /&>d program trigg] date1 only if-- 7,a7 ! ,secret>y1 n e>li] ?an #e ye>s aft] ! date ( enactm5t ( ?is ,act1 det]m9es "u subsection 7a7 t ! #e-ye> annual av]age level ( electric p[] sector gre5h\se gas emissions exce$$ ! annual av]age level ( su* emissions = ! prec$+ #e-ye> p]iod by at lea/ #f p]c5t2 or 7,b7 ! ,secret>y f9ds t significantly less ?an ! full am\nt ( fund+ au?oriz$ = programs "u ?is ,act has be5 appropriat$1 result+ 9 sub/antial limitation to or delay ( ! te*nology advancem5t program elem5ts ( ?is ,act2 or 7#b7 aft] ! end ( a clean electricity /&>d compliance p]iod1 if ! clean electricity requirem5t is n en=c$ = ! compliance p]iod4 7c7 ,clean air act au?orities ,except z provid$ 9 ?is section1 nei!r a ,/ate nor ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy may en=ce any emission limitation = c>bon dioxide emissions f fossil fuel-fir$ electric p[] g5]at+ units e/abli%$ "u title ,i ( ! ( ! ,clean ,air ,act 7#db ,u4,s4,c4 #gdja et seq474 7d7 ,def9itions ,9 ?is section3 7#a7 ,compliance p]iod ,! t]m compliance p]iod has ! mean+ giv5 su* t]m 9 section #faa7k77#a7 ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh4 7#b7 ,program trigg] date ,! t]m program trigg] date has ! mean+ giv5 su* t]m 9 section #faa7k77#b7 ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh4