II 

114TH CONGRESS 

1ST SESSION S. 1306 

To amend the Energy Policy Act of 2005 to use existing funding available 

to further projects that would improve energy efficiency and reduce emissions. 

IN THE SENATE OF THE UNITED STATES 

MAY 12, 2015 

Mr. MANCHIN (for himself and Ms. HEITKAMP) introduced the following bill; 

which was read twice and referred to the Committee on Energy and Natural Resources 

A BILL 

To amend the Energy Policy Act of 2005 to use existing 

funding available to further projects that would improve 

energy efficiency and reduce emissions. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Energy Independence 

5 Investment Act of 2015’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds that— 

8 (1) in 2008, Congress authorized 

9 $8,000,000,000 in authority to the Secretary of EnVerDate Sep 11 2014 04:07 May 15, 2015 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1306.IS S1306

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1 ergy to issue loan guarantees for qualifying ad2 vanced fossil energy projects; 

3 (2) the Secretary of Energy has issued 2 re4 quests for proposals under the loan guarantee au5 thority for which applicants have applied for loan 

6 guarantees; 

7 (3) no loan guarantee has been issued to a fos8 sil energy project by the Secretary of Energy under 

9 a loan guarantee; 

10 (4) advanced fossil energy technologies could 

11 significantly improve the efficiency of the conversion 

12 of coal to useful energy; 

13 (5) the use of advanced fossil energy tech14 nologies could result in dramatic reductions of 

15 greenhouse gases and other emissions from coal use; 

16 and 

17 (6) a report issued by the National Coal Coun18 cil in January 2015 concludes that— 

19 (A) funding for carbon capture and storage 

20 projects is a major challenge; and 

21 (B) as of the date of enactment of this 

22 Act, each large-scale carbon capture and stor23 age project under development has both public 

24 and private funding so as to minimize the risk 

25 exposure of the project. 


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1 SEC. 3. PROGRAM STUDY. 

2 (a) IN GENERAL.—Not later than 180 days after the 

3 date of enactment of this Act, the Secretary of Energy 

4 shall carry out, and submit to Congress a report describ5 ing the results of, a study on the effectiveness of the ad6 vanced fossil loan guarantee incentive program and other 

7 incentive programs for advanced fossil energy of the De8 partment of Energy. 

9 (b) CONTENTS.—In carrying out the study under 

10 subsection (1), the Secretary of Energy shall— 

11 (1) solicit industry and stakeholder input; 

12 (2) evaluate the effectiveness of the advanced 

13 fossil loan guarantee incentive program, alone or in 

14 combination with other incentives, in advancing car15 bon capture and storage technology; 

16 (3) review each Federal incentive provided by 

17 the Department of Energy and other Federal agen18 cies for carbon capture and storage demonstration 

19 projects to determine the adequacy and effectiveness 

20 of the combined Federal incentives in advancing car21 bon capture and storage and advanced fossil energy 

22 technologies; 

23 (4) assess whether combinations of the incentive 

24 programs in existence as of the date of enactment of 

25 this Act could be effective to advance carbon capture 


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1 and storage and advanced fossil energy technologies; 

2 and 

3 (5) evaluate the impact of implementing the 

4 recommendations described in the January 2015 

5 National Coal Council report entitled ‘‘Fossil For6 ward: Revitalizing CCS, Bringing Scale and Speed 

7 to CCS Deployment’’ on the effectiveness of the ad8 vanced fossil loan guarantee program. 

Æ 


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