,,ii  #aag? ,,congress  #a/ ,session    
,s4 #gii  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #ag 7legislative  
day1 ,m>* #af71 #bjba ,mr4 ,coons 7=    
himself1 ,mr4 ,cassidy1 ,ms4 ,smi?1 ,mr4
 ,hoev51 ,mr4 ,:iteh\se1 ,mrs4 ,capito1 
,ms4 ,duckwor?1 ,mr4 ,braun1 ,mr4 ,te/]1
 ,ms4 ,murk[ski1 & ,mr4 ,man*97         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,en]gy
 & ,natural ,res\rces  ,a ,,bill  ,to   
require ! ,secret>y ( ,en]gy to e/abli% 
programs = c>bon dioxide capture1       
transport1 utilization1 & /orage1 & =   
o!r purposes4  #a4 ,%ort title2 table ( 
cont5ts  7a7 ,%ort title ,?is ,act may  
be cit$ z ! ,/or+ ,,co#b ,& ,l[]+       
,emissions ,act or ! ,,scale ,act4  7b7 
,table ( cont5ts ,! table ( cont5ts =   
?is ,act is z foll[s3  ,sec4 #a4 ,%ort  
title2 table ( cont5ts4 ,sec4 #b4       
,f9d+s4 ,,title ,i--,utilization ( c>bon
 oxides ,sec4 #aja4 ,c>bon utilization  
program4 ,,title ,,ii--,transportation (
 captur$ c>bon ,sec4 #bja4 ,c>bon       

capture te*nology program4 ,sec4 #bjb4  
,c>bon dioxide transportation           
infra/ructure f9ance & innovation4      
,,title ,,iii--,geologic /orage (       
captur$ c>bon ,sec4 #cja4 ,c>bon /orage 
validation & te/+4 ,sec4 #cjb4 ,secure  
geologic /orage p]mitt+4  #b4 ,f9d+s    
,congress f9ds t-- 7#a7 ! indu/rial     
sector is integral to ! economy ( !     
,unit$ ,/ates--  7,a7 provid+ millions (
 jobs & ess5tial products2 &  7,b7      
demon/rat+ global lead]%ip 9 manufactur+
 & innovation2  7#b7 c>bon capture &    
/orage te*nologies are necess>y = r$uc+ 
h>d-to-abate emissions f ! indu/rial    
sector1 :i* emits ne>ly #be p]c5t (     
c>bon dioxide emissions 9 ! ,unit$      
,/ates2  7#c7 c>bon removal & /orage    
te*nologies1 includ+ direct air capture1
 mu/ be deploy$ at l>ge-scale 9 ! com+  
decades to remove c>bon dioxide directly
 f ! atmosph]e2  7#d7 l>ge-scale        
deploym5t ( c>bon capture1 removal1     
utilization1 transport1 & /orage-- 7,a7 
is critical = a*iev+ mid-c5tury climate 

goals2 &  7,b7 w drive regional economic
 developm5t1 te*nological innovation1 & 
high-wage employm5t2  7#e7 c>bon        
capture1 removal1 & utilization         
te*nologies require a backbone sy/em (  
%>$ c>bon dioxide transport & /orage    
infra/ructure to enable l>ge-scale      
deploym5t1 realize economies ( scale1 & 
create an int]connect$ c>bon managem5t  
m>ket2  7#f7 c>bon dioxide transport    
infra/ructure & p]man5t geological      
/orage are prov5 & safe te*nologies )   
exi/+ ,f$]al & ,/ate regulatory         
frameworks2  7#g7 c>bon dioxide         
transport & /orage infra/ructure %>e    
simil> b>ri]s to deploym5t previ\sly    
fac$ by o!r types ( critical national   
infra/ructure1 su* z high capital co/s &
 *ick5-&-egg *all5ges1 t require ,f$]al 
& ,/ate support1 9 comb9ation ) private 
inve/m5t1 to be ov]come2 &  7#h7 ea*    
,/ate %\ld take into consid]ation1 )    
respect to new c>bon dioxide            
transportation infra/ructure-- 7,a7     
qualify+ ! infra/ructure z pollution    

control devices "u applicable laws      
7includ+ regulations7 ( ! ,/ate2 &  7,b7
 e/abli%+ a waiv] ( ad valorem & prop]ty
 taxes = ! infra/ructure = a p]iod ( n  
less ?an #aj ye>s4  ,i ,utilization (   
c>bon oxides  #aja4 ,c>bon utilization  
program ,section #ifi;,a ( ! ,en]gy     
,policy ,act ( #bjje 7#db ,u4,s4,c4     
#afbih;a7 is am5d$--  7#a7 9 subsection 
7a7-- 7,a7 by r$esignat+ p>agraphs 7#c7 
& 7#d7 z p>agraphs 7#d7 & 7#e71         
respectively2 &  7,b7 by ins]t+ aft]    
p>agraph 7#b7 ! foll[+3  7#c7 to develop
 or obta91 9 coord9ation ) o!r          
applicable ,f$]al ag5cies & /&>d-sett+  
organizations1 /&>ds & c]tifications1 z 
appropriate1 to facilitate !            
comm]cialization ( ! products &         
te*nologies describ$ 9 p>agraph 7#b72  2
  7#b7 9 subsection 7b7-- 7,a7 by       
r$esignat+ p>agraph 7#b7 z p>agraph     
7#c72  7,b7 by ins]t+ aft] p>agraph 7#a7
 ! foll[+3  7#b7 ,grant program  7,a7 ,9
 g5]al ,n lat] ?an #a ye> aft] ! date ( 
enactm5t ( ! ,/or+ ,,co#b ,& ,l[]+      

,emissions ,act1 ! ,secret>y %all       
e/abli% a program to provide grants to  
eligible entities to use 9 accordance ) 
subp>agraph 7,d74  7,b7 ,eligible       
entities ,to be eligible to receive a   
grant "u ?is p>agraph1 an entity %all   
be-- 7i7 a ,/ate2  7ii7 a unit ( local  
gov]nm5t2 or  7iii7 a public utility or 
ag5cy4  7,c7 ,applications ,eligible    
entities desir+ a grant "u ?is p>agraph 
%all submit to ! ,secret>y an           
application at su* "t1 9 su* mann]1 &   
conta9+ su* in=mation z ! ,secret>y     
det]m9es to be appropriate4  7,d7 ,use (
 funds ,an eligible entity %all use a   
grant receiv$ "u ?is p>agraph to procure
 & use comm]cial or indu/rial products  
t--  7i7 use or are d]iv$ f an?ropog5ic 
c>bon oxides2 &  7ii7 demon/rate        
significant net r$uctions 9 lifecycle   
gre5h\se gas emissions comp>$ to        
incumb5t te*nologies1 processes1 &      
products4  2 &  7,c7 9 p>agraph 7#c7 7z 
s r$esignat$71 by /rik+ p>agraph 7#a7 & 
ins]t+ ?is subsection2 &  7#c7 9        

subsection 7d71 by /rik+ p>agraphs 7#a7 
?r\gh 7#e7 & ins]t+ ! foll[+3  7#a7     
#fd1jjj1jjj = fiscal ye> #bjba2  7#b7   
#fe1bej1jjj = fiscal ye> #bjbb2  7#c7   
#ff1efb1ejj = fiscal ye> #bjbc2  7#d7   
#fg1idj1fbe = fiscal ye> #bjbd2 &  7#e7 
#fi1chg1fef = fiscal ye> #bjbe4  4  ,,ii
 ,transportation ( captur$ c>bon  #bja4 
,c>bon capture te*nology program        
,section #ifb ( ! ,en]gy ,policy ,act ( 
#bjje 7#db ,u4,s4,c4 #afbib7 is am5d$-- 
7#a7 9 subsection 7b77#b7-- 7,a7 9      
subp>agraph 7,c71 by /rik+ & at ! end2  
7,b7 9 subp>agraph 7,d71 by /rik+       
program4 & ins]t+ program = c>bon       
capture te*nologies2 &2 &  7,c7 by add+ 
at ! end ! foll[+3  7,e7 a front-end    
eng9e]+ & design program = c>bon dioxide
 transport infra/ructure necess>y to    
enable deploym5t ( c>bon capture1       
utilization1 & /orage te*nologies4  2 & 
7#b7 9 subsection 7d77#a7--  7,a7 9     
subp>agraph 7,c77ii71 by /rik+ & at !   
end2  7,b7 9 subp>agraph 7,d71 by /rik+ 
! p]iod at ! end & ins]t+ 2 &2 &  7,c7  

by add+ at ! end ! foll[+3  7,e7 =      
activities "u ! front-end eng9e]+ &     
design program describ$ 9 subsection    
7b77#b77;,e71 #bj1jjj1jjj = ea* ( fiscal
 ye>s #bjbb ?r\gh #bjbe4  4  #bjb4      
,c>bon dioxide transportation           
infra/ructure f9ance & innovation  7a7  
,9 g5]al ,title ,,ix ( ! ,en]gy ,policy 
,act ( #bjje 7#db ,u4,s4,c4 #afaha et   
seq47 is am5d$ by add+ at ! end !       
foll[+3  ,j ,c>bon dioxide              
transportation infra/ructure f9ance &   
innovation  #iii;,a4 ,def9itions ,9 ?is 
subtitle3  7#a7 ,,cifia program ,! t]m  
,,cifia program means ! c>bon dioxide   
transportation infra/ructure f9ance &   
innovation program e/abli%$ "u section  
#iii;,b7a74  7#b7 ,common c>ri] ,! t]m  
common c>ri] means a transportation     
infra/ructure op]ator or own] t--  7,a7 
publi%es a publicly available t>iff     
conta9+ ! j & reasonable rates1 t]ms1 & 
conditions ( nondiscrim9atory s]vice2 & 
7,b7 holds itself out to provide        
transportation s]vices to ! public = a  

fee4  7#c7 ,cont+5t commitm5t ,! t]m    
cont+5t commitm5t means a commitm5t to  
obligate funds f future available budget
 au?ority t is-- 7,a7 cont+5t on ^?     
funds be+ made available 9 law at a     
future date2 &  7,b7 n an obligation ( !
 ,f$]al ,gov]nm5t4  7#d7 ,eligible      
project co/s ,! t]m eligible project    
co/s means am\nts sub/antially all ( :i*
 are paid by1 or = ! acc\nt (1 an       
obligor 9 connection ) a project1       
includ+--  7,a7 ! co/ (-- 7i7           
developm5t-phase activities1 includ+    
plann+1 feasibility analysis1 rev5ue    
=eca/+1 environm5tal review1 p]mitt+1   
prelim9>y eng9e]+ & design "w1 & o!r    
precon/ruction activities2  7ii7        
con/ruction1 recon/ruction1             
rehabilitation1 replacem5t1 &           
acquisition ( real prop]ty 7includ+ l&  
relat+ to ! project & improvem5ts to    
l&71 environm5tal mitigation1           
con/ruction cont+5cies1 & acquisition & 
in/allation ( equipm5t 7includ+ labor72 
&  7iii7 capitaliz$ int]e/ necess>y to  

meet m>ket requirem5ts1 reasonably      
requir$ res]ve funds1 capital issuance  
exp5ses1 & o!r c>ry+ co/s dur+          
con/ruction2 &  7,b7 transaction co/s   
associat$ ) f9anc+ ! project1 includ+-- 
7i7 ! co/ ( legal c\nsel & te*nical     
consultants2 &  7ii7 any subsidy am\nt  
paid 9 accordance ) section             
#iii;,b7c77#c77;,b77ii7 or section      
#iii;,c7b77#f77;,b77ii74  7#e7 ,f$]al   
cr$it in/rum5t ,! t]m ,f$]al cr$it      
in/rum5t means a secur$ loan or loan    
gu>antee au?oriz$ to be provid$ "u !    
,,cifia program ) respect to a project4 
7#f7 ,l5d] ,! t]m l5d] means any        
non-,f$]al qualifi$ in/itutional buy] 7z
 def9$ 9 section #bcj4add;,a7a7 ( title 
#ag1 ,code ( ,f$]al ,regulations 7or a  
successor regulation71 commonly kn[n z  
,rule #add;,a7a7 ( ! ,securities &      
,ex*ange ,commission & issu$ "u !       
,securities ,act ( #aicc 7#ae ,u4,s4,c4 
#gg;a et seq4771 includ+-- 7,a7 a       
qualifi$ retirem5t plan 7z def9$ 9      
section #digd7;c7 ( ! ,int]nal ,rev5ue  

,code ( #aihf7 t is a qualifi$          
in/itutional buy]2 &  7,b7 a gov]nm5tal 
plan 7z def9$ 9 section #dad7;d7 ( !    
,int]nal ,rev5ue ,code ( #aihf7 t is a  
qualifi$ in/itutional buy]4  7#g7 ,lett]
 ( int]e/ ,! t]m lett] ( int]e/ means a 
lett] submitt$ by a pot5tial applicant  
prior to an application = cr$it         
assi/ance 9 a =mat prescrib$ by !       
,secret>y on ! website ( ! ,,cifia      
program t--  7,a7 describes ! project & 
! location1 purpose1 & co/ ( ! project2 
7,b7 outl9es ! propos$ f9ancial plan1   
includ+ ! reque/$ cr$it & grant         
assi/ance & ! propos$ obligor2  7,c7    
provides a /atus ( environm5tal review2 
&  7,d7 provides in=mation reg>d+       
satisfaction ( o!r eligibility          
requirem5ts ( ! ,,cifia program4  7#h7  
,loan gu>antee ,! t]m loan gu>antee     
means any gu>antee or o!r pl$ge by !    
,secret>y to pay all or "p ( ! pr9cipal 
(1 & int]e/ on1 a loan or o!r debt      
obligation issu$ by an obligor & fund$  
by a l5d]4  7#i7 ,ma/] cr$it agreem5t ,!

 t]m ma/] cr$it agreem5t means a        
conditional agreem5t t--  7,a7 is = !   
purpose ( ext5d+ cr$it assi/ance =-- 7i7
 a project ( high priority "u section   
#iii;,b7c77#c77;,a72 or  7ii7 a project 
cov]$ "u section #iii;,b7c77#c77;,b72   
7,b7 does n provide = a curr5t          
obligation ( ,f$]al funds2 &  7,c7      
w\ld-- 7i7 make a cont+5t commitm5t ( a 
,f$]al cr$it in/rum5t or grant at a     
future date1 subject to--  7,i7 !       
availability ( future funds be+ made    
available to c>ry out ! ,,cifia program2
 &  7,,ii7 ! satisfaction ( all         
conditions = ! provision ( cr$it        
assi/ance "u ! ,,cifia program1 includ+ 
section #iii;,c7b72  7ii7 e/abli% !     
maximum am\nts & g5]al t]ms & conditions
 ( ! ,f$]al cr$it in/rum5ts or grants2  
7iii7 id5tify ! #a or m rev5ue s\rces t 
w secure ! repaym5t ( ! ,f$]al cr$it    
in/rum5ts2  7iv7 provide = ! obligation 
( funds = ! ,f$]al cr$it in/rum5ts or   
grants aft] all requirem5ts h be5 met = 
! projects subject to ! agreem5t1       

includ+-- 7,i7 compliance ) all         
applicable requirem5ts specifi$ "u !    
,,cifia program1 includ+ sections       
#iii;,b7d7 & #iii;,c7b77#a72 &  7,,ii7 !
 availability ( funds to c>ry out !     
,,cifia program2 &  7v7 require t       
cont+5t commitm5ts %all result 9 a      
f9ancial close & obligation ( cr$it or  
grant assi/ance by n lat] ?an #d ye>s   
aft] ! date ( entry into ! agreem5t or  
release ( ! commitm5t1 z applicable1    
unless o!rwise ext5d$ by ! ,secret>y4   
7#aj7 ,obligor ,! t]m obligor means a   
corporation1 p>tn]%ip1 jo9t v5ture1     
tru/1 gov]nm5tal entity1 ag5cy1 or      
in/rum5tality1 or o!r entity t is       
prim>ily liable = paym5t ( ! pr9cipal (1
 or int]e/ on1 a ,f$]al cr$it in/rum5t4 
7#aa7 ,produc$ 9 ! ,unit$ ,/ates ,! t]m 
produc$ 9 ! ,unit$ ,/ates1 ) respect to 
iron & /eel1 means t all manufactur+    
processes = ! iron & /eel1 includ+ !    
application ( any coat+1 occurs )9 !    
,unit$ ,/ates4  7#ab7 ,project ,! t]m   
project means a project = common c>ri]  

c>bon dioxide transportation            
infra/ructure or associat$ equipm5t1    
includ+ pipel9e1 %ipp+1 rail1 or o!r    
transportation infra/ructure & associat$
 equipm5t1 t w transport or h&le c>bon  
dioxide captur$ f an?ropog5ic s\rces or 
ambi5t air1 z ! ,secret>y det]m9es to be
 appropriate4  7#ac7 ,project obligation
 ,! t]m project obligation means any    
note1 bond1 deb5ture1 or o!r debt       
obligation issu$ by an obligor 9        
connection ) ! f9anc+ ( a project1 o!r  
?an a ,f$]al cr$it in/rum5t4  7#ad7     
,secur$ loan ,! t]m secur$ loan means a 
direct loan or o!r debt obligation issu$
 by an obligor & fund$ by ! ,secret>y 9 
connection ) ! f9anc+ ( a project "u    
section #iii;,c4  7#ae7 ,subsidy am\nt  
,! t]m subsidy am\nt means ! am\nt (    
budget au?ority suffici5t to cov] !     
e/imat$ long-t]m co/ to ! ,f$]al        
,gov]nm5t ( a ,f$]al cr$it in/rum5t--   
7,a7 calculat$ on a net pres5t value    
basis2 &  7,b7 exclud+ adm9i/rative co/s
 & any incid5tal effects on gov]nm5tal  

receipts or outlays 9 accordance ) !    
,f$]al ,cr$it ,re=m ,act ( #aiij 7#b    
,u4,s4,c4 #ffa et seq474  7#af7         
,sub/antial completion ,! t]m sub/antial
 completion1 ) respect to a project1    
means ! date-- 7,a7 on :i* ! project    
comm5ces transportation ( c>bon dioxide2
 or  7,b7 ( a comp>able ev5t to ! ev5t  
describ$ 9 subp>agraph 7,a71 z det]m9$  
by ! ,secret>y & specifi$ 9 ! project   
cr$it agreem5t4  #iii;,b4 ,det]m9ation (
 eligibility & project selection  7a7   
,e/abli%m5t ( program ,! ,secret>y %all 
e/abli% & c>ry out a c>bon dioxide      
transportation infra/ructure f9ance &   
innovation program1 "u :i* ! ,secret>y  
%all provide = eligible projects 9      
accordance ) ?is subtitle--  7#a7 a     
,f$]al cr$it in/rum5t "u section        
#iii;,c2  7#b7 a grant "u section       
#iii;,d2 or  7#c7 bo? a ,f$]al cr$it    
in/rum5t & a grant4  7b7 ,eligibility   
7#a7 ,9 g5]al ,a project %all be        
eligible to receive a ,f$]al cr$it      
in/rum5t or a grant "u ! ,,cifia program

 if--  7,a7 ! entity propos+ to c>ry out
 ! project submits a lett] ( int]e/     
prior to submission ( an application "u 
p>agraph 7#c7 = ! project2 &  7,b7 !    
project meets ! crit]ia describ$ 9 ?is  
subsection4  7#b7 ,cr$itwor?9ess  7,a7  
,9 g5]al ,ea* project & obligor t       
receives a ,f$]al cr$it in/rum5t or a   
grant "u ! ,,cifia program %all be      
cr$itwor?y1 su* t !re exi/s a reasonable
 prospect ( repaym5t ( ! pr9cipal &     
int]e/ on ! ,f$]al cr$it in/rum5t1 z    
det]m9$ by ! ,secret>y "u subp>agraph   
7,b74  7,b7 ,reasonable prospect (      
repaym5t ,! ,secret>y %all base a       
det]m9ation ( :e!r !re is a reasonable  
prospect ( repaym5t "u subp>agraph 7,a7 
on a compreh5sive evaluation ( :e!r !   
obligor has a reasonable prospect (     
repay+ ! ,f$]al cr$it in/rum5t = !      
eligible project1 includ+ evaluation (--
  7i7 ! /r5g? ( ! contractual t]ms ( an 
eligible project 7if available = !      
applicable m>ket segm5t72  7ii7 ! =eca/ 
( noncontractual ca% fl[s support$ by   

m>ket projections f reputable s\rces1 z 
det]m9$ by ! ,secret>y1 & ca% sweeps or 
o!r /ructural enhancem5ts2  7iii7 !     
project$ f9ancial /r5g? ( ! obligor--   
7,i7 at ! "t ( loan close2 &  7,,ii7    
?r\gh\t ! loan t]m1 includ+ aft] !      
project is complet$2  7iv7 ! f9ancial   
/r5g? ( ! inve/ors & /rategic p>tn]s ( !
 obligor1 if applicable2 &  7v7 o!r     
f9ancial metrics & analyses t are reli$ 
on by ! private l5d+ community &        
nationally recogniz$ cr$it rat+ ag5cies1
 z det]m9$ appropriate by ! ,secret>y4  
7#c7 ,applications ,to be eligible =    
assi/ance "u ! ,,cifia program1 an      
obligor %all submit to ! ,secret>y a    
project application at su* "t1 9 su*    
mann]1 & conta9+ su* in=mation z !      
,secret>y det]m9es to be appropriate4   
7#d7 ,eligible project co/s ,a project  
"u ! ,,cifia program %all h eligible    
project co/s t are reasonably anticipat$
 to equal or exce$ #ajj1jjj1jjj4  7#e7  
,rev5ue s\rces ,! applicable ,f$]al     
cr$it in/rum5t %all be repayable1 9 :ole

 or 9 "p1 f--  7,a7 us] fees2  7,b7     
paym5ts ow+ to ! obligor "u a           
public-private p>tn]%ip2 or  7,c7 o!r   
rev5ue s\rces t also secure or fund !   
project obligations4  7#f7 ,obligor w be
 id5tifi$ lat] ,a ,/ate1 local gov]nm5t1
 ag5cy1 or in/rum5tality ( a ,/ate or   
local gov]nm5t1 or a public au?ority1   
may submit to ! ,secret>y an application
 "u p>agraph 7#c71 "u :i* a private p>ty
 to a public-private p>tn]%ip w be--    
7,a7 ! obligor2 &  7,b7 id5tifi$ at a   
lat] date ?r\gh completion ( a          
procurem5t & selection ( ! private p>ty4
  7#g7 ,b5eficial effects ,! ,secret>y  
%all det]m9e t f9ancial assi/ance = ea* 
project "u ! ,,cifia program w-- 7,a7   
attract public or private inve/m5t = !  
project2  7,b7 enable ! project to      
proce$ at an e>li] date ?an ! project   
w\ld o!rwise be able to proce$ or r$uce 
! lifecycle co/s 7includ+ debt s]vice   
co/s7 ( ! project2 or  7,c7 enable !    
transportation ( c>bon dioxide captur$ f
 an?ropog5ic s\rces or ambi5t air4  7#h7

 ,project read9ess ,to be eligible =    
assi/ance "u ! ,,cifia program1 !       
applicant %all demon/rate a reasonable  
expectation t ! contract+ process =     
con/ruction ( ! project c comm5ce by n  
lat] ?an #ij days aft] ! date on :i* a  
,f$]al cr$it in/rum5t or grant is       
obligat$ = ! project "u ! ,,cifia       
program4  7c7 ,selection among eligible 
projects  7#a7 ,e/abli%m5t ( application
 process ,! ,secret>y %all e/abli% an   
application process "u :i* projects t   
are eligible to receive assi/ance "u    
subsection 7b7 may--  7,a7 receive cr$it
 assi/ance on t]ms acceptable to !      
,secret>y1 if adequate funds are        
available 7includ+ any funds provid$ on 
behalf ( an eligible project "u p>agraph
 7#c77;,b77ii77 to cov] ! subsidy am\nt 
associat$ ) ! ,f$]al cr$it in/rum5t2 &  
7,b7 receive grants "u section #iii;,d  
if--  7i7 adequate funds are available  
to cov] ! am\nt ( ! grant2 &  7ii7 !    
,secret>y det]m9es t ! project is       
eligible "u subsection 7b7 ( t section4 

7#b7 ,priority ,9 select+ projects to   
receive cr$it assi/ance "u subsection   
7b71 ! ,secret>y %all give priority to  
projects t-- 7,a7 are l>ge-capacity1    
common c>ri] infra/ructure2  7,b7 h     
demon/rat$ dem& = use ( ! infra/ructure 
by associat$ projects t capture c>bon   
dioxide f an?ropog5ic s\rces or ambi5t  
air2  7,c7 enable geographical div]sity 
9 associat$ projects t capture c>bon    
dioxide f an?ropog5ic s\rces or ambi5t  
air1 ) ! goal ( enabl+ projects 9 all   
major c>bon dioxide-emitt+ regions ( !  
,unit$ ,/ates2 &  7,d7 are sit$ )91 or  
adjac5t to1 exi/+ pipel9e or o!r l9e>   
infra/ructure corridors1 9 a mann] t    
m9imizes environm5tal di/urbance & o!r  
sit+ conc]ns4  7#c7 ,ma/] cr$it         
agreem5ts  7,a7 ,priority projects ,!   
,secret>y may ent] into a ma/] cr$it    
agreem5t = a project t ! ,secret>y      
det]m9es--  7i7 w likely be eligible =  
cr$it assi/ance "u subsection 7b71 on   
obta9+-- 7,i7 additional commitm5ts f   
associat$ c>bon capture projects to use 

! project2 or  7,,ii7 all necess>y      
p]mits & approvals2 &  7ii7 is a project
 ( high priority1 z det]m9$ 9 accordance
 ) ! crit]ia describ$ 9 p>agraph 7#b74  
7,b7 ,adequate fund+ n available ,if !  
,secret>y fully obligates fund+ to      
eligible projects = a fiscal ye> &      
adequate fund+ is n available to fund a 
,f$]al cr$it in/rum5t1 a project sponsor
 7includ+ a unit ( ,/ate or local       
gov]nm5t7 ( an eligible project may     
elect-- 7i7 7,i7 to ent] into a ma/]    
cr$it agreem5t 9 lieu ( ! ,f$]al cr$it  
in/rum5t2 &  7,,ii7 to wait to execute a
 ,f$]al cr$it in/rum5t until ! fiscal   
ye> = :i* additional funds are available
 to receive cr$it assi/ance2 or  7ii7 if
 ! lack ( adequate fund+ is solely )    
respect to am\nts available = ! subsidy 
am\nt1 to pay ! subsidy am\nt to fund ! 
,f$]al cr$it in/rum5t4  7d7 ,f$]al      
requirem5ts  7#a7 ,9 g5]al ,no?+ 9 ?is  
subtitle sup]s$es ! applicability ( any 
o!r requirem5t "u ,f$]al law 7includ+   
regulations74  7#b7 ,,nepa ,f$]al cr$it 

assi/ance may only be provid$ "u ?is    
subtitle = a project t has receiv$ an   
environm5tal categorical exclusion1 a   
f9d+ ( no significant impact1 or a      
record ( decision "u ! ,national        
,environm5tal ,policy ,act ( #aifi 7#db 
,u4,s4,c4 #dcba et seq474  7e7 ,use (   
,am]ican iron1 /eel1 & manufactur$ goods
  7#a7 ,9 g5]al ,except z provid$ 9     
p>agraph 7#b71 no ,f$]al cr$it in/rum5t 
or grant provid$ "u ! ,,cifia program   
%all be made available = a project      
unless all iron1 /eel1 & manufactur$    
goods us$ 9 ! project are produc$ 9 !   
,unit$ ,/ates4  7#b7 ,exceptions        
,p>agraph 7#a7 %all n apply 9 any case  
or category ( cases ) respect to :i* !  
,secret>y det]m9es t--  7,a7 !          
application w\ld be inconsi/5t ) !      
public int]e/2  7,b7 iron1 /eel1 or a   
relevant manufactur$ good is n produc$ 9
 ! ,unit$ ,/ates 9 suffici5t &          
reasonably available quantity1 or ( a   
satisfactory quality2 or  7,c7 !        
inclusion ( iron1 /eel1 or a manufactur$

 good produc$ 9 ! ,unit$ ,/ates w       
increase ! co/ ( ! ov]all project by m  
?an #be p]c5t4  7#c7 ,waiv]s ,if !      
,secret>y receives a reque/ = a waiv] "u
 ?is subsection1 ! ,secret>y %all--     
7,a7 make available to ! public a copy (
 ! reque/1 toge!r ) any in=mation       
available to ! ,secret>y conc]n+ !      
reque/-- 7i7 on an in=mal basis2 &  7ii7
 by electronic means1 includ+ on !      
(ficial public website ( ! ,dep>tm5t2   
7,b7 all[ = in=mal public comm5t relat+ 
to ! reque/ = n few] ?an #ae days be=e  
mak+ a det]m9ation ) respect to !       
reque/2 &  7,c7 approve or disapprove ! 
reque/ by n lat] ?an ! date t is #abj   
days aft] ! date ( receipt ( ! reque/4  
7#d7 ,applicability ,?is subsection %all
 be appli$ 9 accordance ) any applicable
 obligations ( ! ,unit$ ,/ates "u       
int]national agreem5ts4  7f7 ,prevail+  
rate ( wage  7#a7 ,9 g5]al ,! ,secret>y 
%all ensure t ea* labor] & me*anic      
employ$ by a contractor or subcontractor
 = a project f9anc$1 9 :ole or 9 "p1 by 

a ,f$]al cr$it in/rum5t or grant provid$
 "u ! ,,cifia program %all be paid wages
 at rates n less ?an ^? prevail+ on !   
same type ( "w on simil> con/ruction    
projects 9 ! applicable locality1 z     
det]m9$ by ! ,secret>y ( ,labor "u      
sub*apt] ,,iv ( *apt] #ca ( "p ,a (     
subtitle ,,ii ( title #dj1 ,unit$ ,/ates
 ,code 7commonly ref]r$ to z !          
,davis-,bacon ,act74  7#b7 ,au?ority (  
,secret>y ( ,labor ,) respect to ! labor
 /&>ds describ$ 9 p>agraph 7#a71 !      
,secret>y ( ,labor %all h ! au?ority &  
functions describ$ 9 ,reorganization    
,plan ,numb]$ #ad ( #aiej 7#fd ,/at4    
#abfg2 #e ,u4,s4,c4 ,app47 & section    
#cade ( title #dj1 ,unit$ ,/ates ,code4 
7g7 ,application process+ proc$ures     
7#a7 ,notice ( complete application ,n  
lat] ?an #cj days aft] ! date ( receipt 
( an application "u ?is section1 !      
,secret>y %all provide to ! applicant a 
writt5 notice describ+ :e!r-- 7,a7 !    
application is complete2 or  7,b7       
additional in=mation or mat]ials are    

ne$$ to complete ! application4  7#b7   
,approval or d5ial ( application ,n lat]
 ?an #fj days aft] ! date ( issuance ( a
 writt5 notice "u p>agraph 7#a71 !      
,secret>y %all provide to ! applicant a 
writt5 notice in=m+ ! applicant :e!r !  
,secret>y has approv$ or disapprov$ !   
application4  7h7 ,developm5t-,phase    
activities ,any ,f$]al cr$it in/rum5t   
provid$ "u ! ,,cifia program may be us$ 
to f9ance up to #ajj p]c5t ( ! co/ (    
developm5t-phase activities1 z describ$ 
9 section #iii;,a7#d77;,a74  #iii;,c4   
,secur$ loans  7a7 ,agreem5ts  7#a7 ,9  
g5]al ,subject to p>agraph 7#b71 !      
,secret>y may ent] into agreem5ts ) #a  
or m obligors to make secur$ loans1 !   
proce$s ( :i* %all be us$--  7,a7 to    
f9ance eligible project co/s ( any      
project select$ "u section #iii;,b2     
7,b7 to ref9ance int]im con/ruction     
f9anc+ ( eligible project co/s ( any    
project select$ "u section #iii;,b2 or  
7,c7 to ref9ance long-t]m project       
obligations or ,f$]al cr$it in/rum5ts1  

if ! ref9anc+ provides additional fund+ 
capacity = ! completion1 enhancem5t1 or 
expansion ( any project t-- 7i7 is      
select$ "u section #iii;,b2 or  7ii7    
o!rwise meets ! requirem5ts ( t section4
  7#b7 ,risk assessm5t ,be=e ent]+ into 
an agreem5t "u ?is subsection1 !        
,secret>y1 9 consultation ) ! ,director 
( ! ,(fice ( ,managem5t & ,budget1 %all 
det]m9e an appropriate cr$it subsidy    
am\nt = ea* secur$ loan1 tak+ into      
acc\nt all relevant factors1 includ+ !  
cr$itwor?9ess factors "u section        
#iii;,b7b77#b74  7b7 ,t]ms & limitations
  7#a7 ,9 g5]al ,a secur$ loan "u ?is   
section ) respect to a project %all be  
on su* t]ms & conditions & conta9 su*   
cov5ants1 repres5tations1 w>ranties1 &  
requirem5ts 7includ+ requirem5ts =      
audits7 z ! ,secret>y det]m9es to be    
appropriate4  7#b7 ,maximum am\nt ,!    
am\nt ( a secur$ loan "u ?is section    
%all n exce$ an am\nt equal to #hj p]c5t
 ( ! reasonably anticipat$ eligible     
project co/s4  7#c7 ,paym5t ,a secur$   

loan "u ?is section %all be payable1 9  
:ole or 9 "p1 f-- 7,a7 us] fees2  7,b7  
paym5ts ow+ to ! obligor "u a           
public-private p>tn]%ip2 or  7,c7 o!r   
rev5ue s\rces t also secure or fund !   
project obligations4  7#d7 ,int]e/ rate 
7,a7 ,9 g5]al ,except z provid$ 9       
subp>agraph 7,b71 ! int]e/ rate on a    
secur$ loan "u ?is section %all be n    
less ?an ! yield on ,unit$ ,/ates       
,treasury securities ( a simil> maturity
 to ! maturity ( ! secur$ loan on ! date
 ( execution ( ! loan agreem5t4  7,b7   
,limit$ buyd[ns  7i7 ,9 g5]al ,subject  
to clause 7ii71 ! ,secret>y may l[] !   
int]e/ rate ( a secur$ loan "u ?is      
section if ! int]e/ rate has increas$   
betwe5 ! p]iod--  7,i7 beg9n+ on1 z     
applicable-- 7aa7 ! date on :i* an      
application acceptable to ! ,secret>y is
 submitt$ = ! applicable project2 or    
7bb7 ! date on :i* ! ,secret>y ent]$    
into a ma/] cr$it agreem5t = !          
applicable project2 &  7,,ii7 end+ on ! 
date on :i* ! ,secret>y executes !      

,f$]al cr$it in/rum5t = ! applicable    
project4  7ii7 ,limitation ,! int]e/    
rate ( a secur$ loan may n be l[]$      
pursuant to clause 7i7 by m ?an ! l[]   
(-- 7,i7 #aa_/b p]c5tage po9ts 7#aej    
basis po9ts72 &  7,,ii7 an am\nt equal  
to ! am\nt ( ! increase 9 ! int]e/ rate 
describ$ 9 t clause4  7#e7 ,maturity    
date ,! f9al maturity date ( ! secur$   
loan %all be ! e>li] (--  7,a7 ! date t 
is #ce ye>s aft] ! date ( sub/antial    
completion ( ! project2 &  7,b7 if !    
useful life ( ! capital asset be+ f9anc$
 is ( a less] p]iod1 ! date t is ! end (
 ! useful life ( ! asset4  7#f7         
,nonsubord9ation  7,a7 ,9 g5]al ,except 
z provid$ 9 subp>agraph 7,b71 ! secur$  
loan %all n be subord9at$ to ! claims ( 
any hold] ( project obligations 9 ! ev5t
 ( bankruptcy1 insolv5cy1 or liquidation
 ( ! obligor4  7,b7 ,preexi/+ ind5ture  
7i7 ,9 g5]al ,! ,secret>y %all waive !  
requirem5t "u subp>agraph 7,a7 = a      
public ag5cy borr[] t is f9anc+ ongo+   
capital programs & has out/&+ s5ior     

bonds "u a preexi/+ ind5ture1 if--  7,i7
 ! secur$ loan is rat$ 9 ! ,a category  
or high]2 &  7,,ii7 ! secur$ loan is    
secur$ & payable f pl$g$ rev5ues n      
affect$ by project p]=mance1 su* z a    
tax-back$ rev5ue pl$ge or a sy/em-back$ 
pl$ge ( project rev5ues4  7ii7          
,limitation ,if ! ,secret>y waives !    
nonsubord9ation requirem5t "u ?is       
subp>agraph-- 7,i7 ! maximum cr$it      
subsidy am\nt to be paid by ! ,f$]al    
,gov]nm5t %all be n m ?an #aj p]c5t ( ! 
pr9cipal am\nt ( ! secur$ loan2 &       
7,,ii7 ! obligor %all be responsible =  
pay+ ! rema9d] ( ! subsidy am\nt1 if    
any4  7#g7 ,fees ,! ,secret>y may       
collect a fee on or aft] ! date ( !     
f9ancial close ( a ,f$]al cr$it in/rum5t
 "u ?is section 9 an am\nt equal to n m 
?an #a1jjj1jjj to cov] all or a portion 
( ! co/s to ! ,f$]al ,gov]nm5t ( provid+
 ! ,f$]al cr$it in/rum5t4  7#h7 ,maximum
 ,f$]al involvem5t ,! total ,f$]al      
assi/ance provid$ = a project "u !      
,,cifia program1 includ+ any grant      

provid$ "u section #iii;,d1 %all n exce$
 an am\nt equal to #hj p]c5t ( !        
eligible project co/s4  7c7 ,repaym5t   
7#a7 ,s*$ule ,! ,secret>y %all e/abli% a
 repaym5t s*$ule = ea* secur$ loan "u   
?is section bas$ on--  7,a7 ! project$  
ca% fl[ f project rev5ues & o!r repaym5t
 s\rces2 &  7,b7 ! useful life ( !      
project4  7#b7 ,comm5cem5t ,s*$ul$ loan 
repaym5ts ( pr9cipal or int]e/ on a     
secur$ loan "u ?is section %all comm5ce 
n lat] ?an #e ye>s aft] ! date (        
sub/antial completion ( ! project4  7#c7
 ,def]r$ paym5ts  7,a7 ,9 g5]al ,if1 at 
any "t aft] ! date ( sub/antial         
completion ( a project1 ! project is    
unable to g5]ate suffici5t rev5ues 9    
excess ( reasonable & necess>y op]at+   
exp5ses to pay ! s*$ul$ loan repaym5ts (
 pr9cipal & int]e/ on ! secur$ loan1 !  
,secret>y may1 subject to subp>agraph   
7,c71 all[ ! obligor to add unpaid      
pr9cipal & int]e/ to ! out/&+ balance ( 
! secur$ loan4  7,b7 ,int]e/ ,any paym5t
 def]r$ "u subp>agraph 7,a7 %all-- 7i7  

cont9ue to accrue int]e/ 9 accordance ) 
subsection 7b77#d7 until fully repaid2 &
  7ii7 be s*$ul$ to be amortiz$ ov] !   
rema9+ t]m ( ! loan4  7,c7 ,crit]ia  7i7
 ,9 g5]al ,any paym5t def]ral "u        
subp>agraph 7,a7 %all be cont+5t on !   
project meet+ crit]ia e/abli%$ by !     
,secret>y4  7ii7 ,repaym5t /&>ds ,!     
crit]ia e/abli%$ pursuant to clause 7i7 
%all include /&>ds = ! reasonable       
prospect ( repaym5t4  7#d7 ,prepaym5t   
7,a7 ,use ( excess rev5ues ,any excess  
rev5ues t rema9 aft] satisfy+ s*$ul$    
debt s]vice requirem5ts on ! project    
obligations & secur$ loan & all deposit 
requirem5ts "u ! t]ms ( any tru/        
agreem5t1 bond resolution1 or simil>    
agreem5t secur+ project obligations may 
be appli$ annually to prepay ! secur$   
loan1 )\t p5alty4  7,b7 ,use ( proce$s (
 ref9anc+ ,a secur$ loan may be prepaid 
at any "t )\t p5alty f ! proce$s (      
ref9anc+ f non-,f$]al fund+ s\rces4  7d7
 ,sale ( secur$ loans  7#a7 ,9 g5]al    
,subject to p>agraph 7#b71 z soon z     

practicable aft] sub/antial completion (
 a project & aft] notify+ ! obligor1 !  
,secret>y may sell to ano!r entity or   
re(f] into ! capital m>kets a secur$    
loan = ! project if ! ,secret>y det]m9es
 t ! sale or re(f]+ c be made on        
favorable t]ms4  7#b7 ,cons5t ( obligor 
,9 mak+ a sale or re(f]+ "u p>agraph    
7#a71 ! ,secret>y may n *ange any       
orig9al t]m or condition ( ! secur$ loan
 )\t ! writt5 cons5t ( ! obligor4  7e7  
,loan gu>antees  7#a7 ,9 g5]al ,!       
,secret>y may provide a loan gu>antee to
 a l5d] 9 lieu ( mak+ a secur$ loan "u  
?is section if ! ,secret>y det]m9es t ! 
budget>y co/ ( ! loan gu>antee is       
sub/antially ! same z1 or less ?an1 t ( 
a secur$ loan4  7#b7 ,t]ms ,! t]ms ( a  
loan gu>antee "u p>agraph 7#a7 %all be  
consi/5t ) ! t]ms requir$ "u ?is section
 = a secur$ loan1 except t ! rate on !  
gu>ante$ loan & any prepaym5t features  
%all be negotiat$ betwe5 ! obligor & !  
l5d]1 ) ! cons5t ( ! ,secret>y4         
#iii;,d4 ,future gr[? grants  7a7       

,e/abli%m5t ,! ,secret>y may provide    
grants to pay a portion ( ! co/         
diff]5tial1 ) respect to any project$   
future increase 9 dem& = c>bon dioxide  
transportation by an infra/ructure      
project describ$ 9 subsection 7b71      
betwe5--  7#a7 ! co/ ( con/ruct+ !      
infra/ructure asset ) ! capacity to     
transport an increas$ fl[ rate ( c>bon  
dioxide1 z made practicable "u !        
project2 &  7#b7 ! co/ ( con/ruct+ !    
infra/ructure asset ) ! capacity to     
transport c>bon dioxide at ! fl[ rate   
initially requir$1 bas$ on commitm5ts = 
! use ( ! asset4  7b7 ,eligibility ,to  
be eligible to receive a grant "u ?is   
section1 an entity %all-- 7#a7 be       
eligible to receive cr$it assi/ance "u !
 ,,cifia program2  7#b7 c>ry out1 or    
propose to c>ry out1 a project =        
l>ge-capacity1 common c>ri]             
infra/ructure ) a probable future       
increase 9 dem& = c>bon dioxide         
transportation2 &  7#c7 submit to !     
,secret>y an application at su* "t1 9   

su* mann]1 & conta9+ su* in=mation z !  
,secret>y det]m9es to be appropriate4   
7c7 ,use ( funds ,a grant provid$ "u ?is
 section may be us$ only to pay ! co/s (
 any additional fl[ rate capacity ( a   
c>bon dioxide transportation            
infra/ructure asset t ! project sponsor 
demon/rates to ! satisfaction ( !       
,secret>y c reasonably be expect$ to be 
us$ dur+ ! #bj-ye> p]iod beg9n+ on !    
date ( sub/antial completion ( ! project
 describ$ 9 subsection 7b77#b74  7d7    
,maximum am\nt ,! am\nt ( a grant       
provid$ "u ?is section may n exce$ an   
am\nt equal to #hj p]c5t ( ! co/ ( !    
additional capacity describ$ 9          
subsection 7a74  #iii;,e4 ,program      
adm9i/ration  7a7 ,requirem5t ,!        
,secret>y %all e/abli% a uni=m sy/em to 
s]vice ! ,f$]al cr$it in/rum5ts provid$ 
"u ! ,,cifia program4  7b7 ,fees ,!     
,secret>y may collect fees on or aft] ! 
date ( ! f9ancial close ( a ,f$]al cr$it
 in/rum5t provid$ "u ! ,,cifia program1 
cont+5t on au?ority be+ provid$ 9       

appropriations ,acts1 at a level t is   
suffici5t to cov]--  7#a7 ! co/s (      
s]vices ( exp]t firms reta9$ pursuant to
 subsection 7d72 &  7#b7 all or a       
portion ( ! co/s to ! ,f$]al ,gov]nm5t (
 s]vic+ ! ,f$]al cr$it in/rum5ts4  7c7  
,s]vic]  7#a7 ,9 g5]al ,! ,secret>y may 
appo9t a f9ancial entity to assi/ !     
,secret>y 9 s]vic+ ! ,f$]al cr$it       
in/rum5ts4  7#b7 ,duties ,a s]vic]      
appo9t$ "u p>agraph 7#a7 %all act z !   
ag5t = ! ,secret>y4  7#c7 ,fee ,a s]vic]
 appo9t$ "u p>agraph 7#a7 %all receive a
 s]vic+ fee1 subject to approval by !   
,secret>y4  7d7 ,assi/ance f exp]t firms
 ,! ,secret>y may reta9 ! s]vices (     
exp]t firms1 includ+ c\nsel1 9 ! field (
 municipal & project f9ance to assi/ 9 !
 und]writ+ & s]vic+ ( ,f$]al cr$it      
in/rum5ts4  7e7 ,exp$it$ process+ ,!    
,secret>y %all implem5t proc$ures &     
measures to economize ! "t & co/ involv$
 9 obta9+ approval & ! issuance ( cr$it 
assi/ance "u ! ,,cifia program4         
#iii;,f4 ,/ate & local p]mits ,!        

provision ( cr$it assi/ance "u ! ,,cifia
 program ) respect to a project %all n--
  7#a7 relieve any recipi5t ( !         
assi/ance ( any project obligation to   
obta9 any requir$ ,/ate or local p]mit  
or approval ) respect to ! project2     
7#b7 limit ! "r ( any unit ( ,/ate or   
local gov]nm5t to approve or regulate   
any rate ( return on private equity     
inve/$ 9 ! project2 or  7#c7 o!rwise    
sup]s$e any ,/ate or local law 7includ+ 
any regulation7 applicable to !         
con/ruction or op]ation ( ! project4    
#iii;,g4 ,regulations ,! ,secret>y may  
promulgate su* regulations z ! ,secret>y
 det]m9es to be appropriate to c>ry out 
! ,,cifia program4  #iii;,h4 ,fund+  7a7
 ,fund+  7#a7 ,9 g5]al ,!re are au?oriz$
 to be appropriat$ to ! ,secret>y to    
c>ry out ?is subtitle1 to rema9         
available until exp5d$-- 7,a7           
#fjj1jjj1jjj = ea* ( fiscal ye>s #bjbb &
 #bjbc2 &  7,b7 #cjj1jjj1jjj = ea* (    
fiscal ye>s #bjbd ?r\gh #bjbf4  7#b7    
,sp5d+ & borr[+ au?ority ,sp5d+ & borr[+

 au?ority = a fiscal ye> to ent] into   
,f$]al cr$it in/rum5ts %all be promptly 
apportion$ to ! ,secret>y on a          
fiscal-ye> basis4  7#c7 ,ree/imates ,if 
! subsidy am\nt ( a ,f$]al cr$it        
in/rum5t is ree/imat$1 ! co/ increase or
 decrease ( ! ree/imate %all be borne   
by1 or b5efit1 ! g5]al fund ( !         
,treasury1 consi/5t ) section #ejd7;f7 (
 ! ,congressional ,budget ,act ( #aigd  
7#b ,u4,s4,c4 #ffa;c7f774  7#d7         
,adm9i/rative co/s ,( ! am\nts made     
available to c>ry out ! ,,cifia program1
 ! ,secret>y may use n m ?an #i1jjj1jjj 
7z index$ = ,unit$ ,/ates doll>         
inflation f ! date ( enactm5t ( ! ,/or+ 
,,co#b ,& ,l[]+ ,emissions ,act 7z      
measur$ by ! ,consum] ,price ,index77   
ea* fiscal ye> = ! adm9i/ration ( !     
,,cifia program4  7b7 ,contract au?ority
  7#a7 ,9 g5]al ,not)/&+ any o!r        
provision ( law1 execution ( a t]m %eet 
by ! ,secret>y ( a ,f$]al cr$it in/rum5t
 t uses am\nts made available "u !      
,,cifia program %all impose on ! ,unit$ 

,/ates a contractual obligation to fund 
! ,f$]al cr$it inve/m5t4  7#b7          
,availability ,am\nts made available to 
c>ry out ! ,,cifia program = a fiscal   
ye> %all be available = obligation on   
,octob] #a ( ! fiscal ye>4  4  7b7      
,te*nical am5dm5ts ,! table ( cont5ts = 
! ,en]gy ,policy ,act ( #bjje 7,public  
,law #aji-eh2 #aai ,/at4 #fjj7 is       
am5d$-- 7#a7 9 ! item relat+ to section 
#iag1 by /rik+ ,effici5cy2  7#b7 by     
/rik+ ! items relat+ to subtitle ,j (   
title ,,ix 7relat+ to ultra-deepwat] &  
unconv5tional natural gas & o!r         
petroleum res\rces7 & ins]t+ ! foll[+3  
,subtitle ,j--,c>bon dioxide            
transportation infra/ructure f9ance &   
innovation ,sec4 #iii;,a4 ,def9itions4  
,sec4 #iii;,b4 ,det]m9ation (           
eligibility & project selection4 ,sec4  
#iii;,c4 ,secur$ loans4 ,sec4 #iii;,d4  
,future gr[? grants4 ,sec4 #iii;,e4     
,program adm9i/ration4 ,sec4 #iii;,f4   
,/ate & local p]mits4 ,sec4 #iii;,g4    
,regulations4 ,sec4 #iii;,h4 ,fund+4  2 

&  7#c7 by /rik+ ! item relat+ to       
section #ifi;,b & ins]t+ ! foll[+3      
,sec4 #ifi;,b4 ,high effici5cy turb9es4 
4  ,,iii ,geologic /orage ( captur$     
c>bon  #cja4 ,c>bon /orage validation & 
te/+ ,section #ifc ( ! ,en]gy ,policy   
,act ( #bjje 7#db ,u4,s4,c4 #afbic7 is  
am5d$-- 7#a7 9 subsection 7a77#a77;,b71 
by /rik+ ov] a #aj-ye> p]iod2  7#b7 9   
subsection 7b7-- 7,a7 9 p>agraph 7#a71  
by /rik+ & demon/ration & ins]t+        
demon/ration1 & comm]cialization2 &     
7,b7 9 p>agraph 7#b7-- 7i7 9 subp>agraph
 7,g71 by /rik+ & at ! end2  7ii7 9     
subp>agraph 7,h71 by /rik+ ! p]iod at ! 
end & ins]t+ 2 &2 &  7iii7 by add+ at ! 
end ! foll[+3  7,i7 evaluat+ ! quantity1
 location1 & tim+ ( geologic c>bon      
/orage deploym5t t may be ne$$1 &       
develop+ /rategies & res\rces to enable 
! deploym5t4  2  7#c7 by r$esignat+     
subsections 7e7 ?r\gh 7g7 z subsections 
7f7 ?r\gh 7h71 respectively2  7#d7 by   
ins]t+ aft] subsection 7d7 ! foll[+3    
7e7 ,l>ge-,scale c>bon /orage           

comm]cialization program  7#a7 ,9 g5]al 
,! ,secret>y %all e/abli% a             
comm]cialization program "u :i* !       
,secret>y %all provide fund+ = !        
developm5t ( new or exp&$ comm]cial     
l>ge-scale c>bon seque/ration projects &
 associat$ c>bon dioxide transport      
infra/ructure1 includ+ fund+ = !        
feasibility1 site *>act]ization1        
p]mitt+1 & con/ruction /ages ( project  
developm5t4  7#b7 ,applications2        
selection  7,a7 ,9 g5]al ,to be eligible
 to ent] into an agreem5t ) ! ,secret>y 
= fund+ "u p>agraph 7#a71 an entity %all
 submit to ! ,secret>y an application at
 su* "t1 9 su* mann]1 & conta9+ su*     
in=mation z ! ,secret>y det]m9es to be  
appropriate4  7,b7 ,application process 
,! ,secret>y %all e/abli% an application
 process t1 to ! maximum ext5t          
practicable--  7i7 is op5 to projects at
 any /age ( developm5t describ$ 9       
p>agraph 7#a72 &  7ii7 facilitates      
exp$iti\s developm5t ( projects describ$
 9 t p>agraph4  7,c7 ,project selection 

,9 select+ projects = fund+ "u p>agraph 
7#a71 ! ,secret>y %all give priority    
to-- 7i7 projects ) sub/antial c>bon    
dioxide /orage capacity2 or  7ii7       
projects t w /ore c>bon dioxide f       
multiple c>bon capture facilities4  2   
7#e7 9 subsection 7f7 7z s r$esignat$71 
9 p>agraph 7#a71 by ins]t+ ) respect to 
! rese>*1 developm5t1 demon/ration      
program compon5ts describ$ 9 subsections
 7b7 ?r\gh 7d7 be=e give pref]5ce2 &    
7#f7 9 subsection 7h7 7z s r$esignat$7--
 7,a7 9 p>agraph 7#e71 by /rik+ ! p]iod 
at ! end & ins]t+ 2 &2  7,b7 by         
r$esignat+ p>agraphs 7#a7 ?r\gh 7#e7 z  
subp>agraphs 7,a7 ?r\gh 7,e71           
respectively1 & ind5t+ appropriately2   
7,c7 by ins]t+ be=e subp>agraph 7,a7 7z 
s r$esignat$7 ! foll[+3  7#a7 =         
activities "u ! rese>*1 developm5t1     
demon/ration program compon5ts describ$ 
9 subsections 7b7 ?r\gh 7d7--  2 &  7,d7
 by add+ at ! end ! foll[+3  7#b7 =     
activities "u ! comm]cialization program
 compon5t describ$ 9 subsection 7e71 to 

rema9 available until exp5d$1           
#ejj1jjj1jjj = ea* ( fiscal ye>s #bjbb  
?r\gh #bjbf4  4  #cjb4 ,secure geologic 
/orage p]mitt+  7a7 ,def9itions ,9 ?is  
section3  7#a7 ,adm9i/rator ,! t]m      
,adm9i/rator means ! ,adm9i/rator ( !   
,environm5tal ,protection ,ag5cy4  7#b7 
,class ,,vi well ,! t]m ,class ,,vi well
 means a well describ$ 9 section        
#add4f7;f7 ( title #dj1 ,code ( ,f$]al  
,regulations 7or successor regulations74
  7b7 ,geologic seque/ration p]mitt+ ,= 
! p]mitt+ ( ,class ,,vi wells by !      
,adm9i/rator = ! injection ( c>bon      
dioxide = ! purpose ( geologic          
seque/ration 9 accordance ) !           
requirem5ts ( ! ,safe ,dr9k+ ,wat] ,act 
7#db ,u4,s4,c4 #cjj;f et seq47 & ! f9al 
rule ( ! ,adm9i/rator entitl$ ,f$]al    
,requirem5ts ,"u ! ,und]gr\nd ,injection
 ,control 7,,uic7 ,program = ,c>bon     
,dioxide 7,,co#b7 ,geologic             
,seque/ration 7,,gs7 ,wells 7#ge ,f$4   
,reg4 #ggbcj 7,decemb] #aj1 #bjaj771 !re
 is au?oriz$ to be appropriat$ = ea* (  

fiscal ye>s #bjbb ?r\gh #bjbf1          
#e1jjj1jjj4  7c7 ,/ate p]mitt+ program  
grants  7#a7 ,e/abli%m5t ,! ,adm9i/rator
 %all aw>d grants to ,/ates t1 pursuant 
to section #adbb ( ! ,safe ,dr9k+ ,wat] 
,act 7#db ,u4,s4,c4 #cjj;h-#a71 receive 
! approval ( ! ,adm9i/rator = a ,/ate   
und]gr\nd injection control program =   
p]mitt+ ,class ,,vi wells = ! injection 
( c>bon dioxide4  7#b7 ,use ( funds ,a  
,/ate t receives a grant "u p>agraph    
7#a7 %all use ! am\nts receiv$ "u !     
grant to defray ! exp5ses ( ! ,/ate     
relat$ to ! e/abli%m5t & op]ation ( a   
,/ate und]gr\nd injection control       
program describ$ 9 p>agraph 7#a74  7#c7 
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ to c>ry out  
?is subsection1 = ! p]iod ( fiscal ye>s 
#bjbb ?r\gh #bjbf1 #ej1jjj1jjj4