,,ii  #aafth ,,congress  #ast ,session  
,s4 #bbfc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #be1     
#bjai,mr4 ,hoeven 7for himself1 ,mr4    
,daines1 ,mrs4 ,hyde-,smith1 ,mr4       
,wicker1 and ,mr4 ,cramer7 introduced   
the following bill2 which was read twice
 and referred to the ,committee on      
,finance  ,a ,,bill  ,to amend the      
,internal ,revenue ,code of #aihf to    
enhance the requirements for secure     
geological storage of carbon oxide for  
purposes of the carbon oxide            
sequestration credit1 and for other     
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,,co#b ,regulatory  
,certainty ,act4  #b4 ,secure geological
 storage of carbon oxide  7a7 ,in       
general ,paragraph 7#b7 of section      
#de,q7f7 of the ,internal ,revenue ,code
 of #aihf is amended to read as follows3
  7#b7 ,secure geological storage  7,a7 
,in general ,the ,secretary1 in         
consultation with the ,administrator of 
the ,environmental ,protection ,agency1 

the ,secretary of ,energy1 and the      
,secretary of the ,interior1 shall      
establish regulations for determining   
adequate security measures for the      
geological storage of carbon oxide under
 subsection 7a7 such that the carbon    
oxide does not escape into the          
atmosphere4 ,such term shall include    
storage at deep saline formations1 oil  
and gas reservoirs 7including storage   
associated with qualified enhanced oil  
or natural gas recovery projects71 and  
unminable coal seams under such         
conditions as the ,secretary may        
determine under such regulations4  7,b7 
,requirements ,the regulations          
established pursuant to subparagraph    
7,a7 shall provide that-- 7i7 for       
purposes of paragraph 7#a77;,b7 or      
7#c77;,b7 of subsection 7a71 carbon     
oxide shall be considered disposed of in
 secure geological storage if such      
carbon oxide is stored in compliance    
with rules promulgated by the           
,environmental ,protection ,agency under

 subpart ,,rr of part #ih of title #dj1 
,code of ,federal ,regulations 7as in   
effect on the date of the enactment of  
this paragraph71 under the ,clean ,air  
,act 7#db ,u4,s4,c4 #gdja et seq47 and  
rules under the ,safe ,drinking ,water  
,act 7#db ,u4,s4,c4 #cjj;f et seq47     
which are applicable to carbon oxide    
disposed of in secure geological storage
 and not used as a tertiary injectant in
 a qualified enhanced oil or natural gas
 recovery project1 and  7ii7 for        
purposes of paragraph 7#b77;,b77i7 or   
7#d77;,b77i7 of subsection 7a71 carbon  
oxide shall be considered disposed of in
 secure geological storage at a         
qualified enhanced oil or natural gas   
recovery project if--  7,i7 such carbon 
oxide is injected in compliance with    
rules promulgated by the ,environmental 
,protection ,agency which are applicable
 to carbon oxide used as a tertiary     
injectant in a qualified enhanced oil or
 natural gas recovery project under     
subpart ,c of part #adf of title #dj1   

,code of ,federal ,regulations 7as in   
effect on the date of the enactment of  
this paragraph71 under the ,safe        
,drinking ,water ,act1 to the extent    
such rules are applicable to ,class ,,ii
 wells1  7,,ii7 the injection of such   
carbon oxide at such project is reported
 in compliance with subpart ,,uu of part
 #ih of title #dj1 ,code of ,federal    
,regulations 7as in effect on the date  
of the enactment of this paragraph71    
under the ,clean ,air ,act1  7,,iii7 the
 supply of such carbon oxide to such    
project is reported in compliance with  
subpart ,,pp of part #ih of title #dj1  
,code of ,federal ,regulations 7as in   
effect on the date of the enactment of  
this paragraph71 under the ,clean ,air  
,act1  7,,iv7 the atmospheric emission  
of such carbon oxide from such project  
is reported in compliance with subparts 
,c and ,w of part #ih of title #dj1     
,code of ,federal ,regulations 7as in   
effect on the date of the enactment of  
this paragraph71 under the ,clean ,air  

,act1 to the extent such subparts are   
applicable to such project1 and  7,v7   
the demonstration and documentation of  
the containment1 monitoring and         
quantification of such carbon oxide     
conforms to ,,iso #bgiaf3bjai 7entitled 
,carbon dioxide capture1 transportation 
and geological storage - ,carbon dioxide
 storage using enhanced oil recovery    
7,,co#b-;,,eor77 or the equivalent      
standard of the ,american ,national     
,standards ,institute4  4  7b7          
,qualified enhanced oil or natural gas  
recovery project ,paragraph 7#b7 of     
section #de,q7e7 of the ,internal       
,revenue ,code of #aihf is amended--    
7#a7 by striking by substituting and    
inserting 8determined--  7,a7 by        
substituting--  1  7#b7 by striking the 
period and inserting 1 and1 and  7#c7 by
 inserting at the end the following3    
7,b7 without regard to subparagraph     
7,a77iii7 thereof4  4