II 

113TH CONGRESS 

2D SESSION S. 2776 

To establish a Carbon Capture and Sequestration Deployment Acceleration 

Fund to promote the establishment of not fewer than 10 commercialscale carbon capture and sequestration units in the United States during 

the next 10 years, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

AUGUST 1, 2014 

Mr. WALSH introduced the following bill; which was read twice and referred 

to the Committee on Energy and Natural Resources 

A BILL 

To establish a Carbon Capture and Sequestration Deployment Acceleration Fund to promote the establishment 

of not fewer than 10 commercial-scale carbon capture 

and sequestration units in the United States during the 

next 10 years, and for other purposes. 

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 ‘‘Ten in Ten Act’’. 


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1 SEC. 2. CARBON CAPTURE AND SEQUESTRATION DEPLOY2 MENT ACCELERATION FUND. 

3 (a) ESTABLISHMENT OF FUND.—There is estab4 lished in the Treasury a fund to be known as the ‘‘Carbon 

5 Capture and Sequestration Deployment Acceleration 

6 Fund’’ (referred to in this section as the ‘‘Fund’’), to be 

7 administered by the Secretary of Energy (referred to in 

8 this section as the ‘‘Secretary’’), to be available without 

9 fiscal year limitation and without further appropriation, 

10 to promote the establishment of not fewer than 10 com11 mercial-scale carbon capture and sequestration units in 

12 the United States during the 10-year period beginning on 

13 the date of enactment of this section. 

14 (b) USE OF FUND.— 

15 (1) IN GENERAL.—Of amounts in the Fund, 

16 the Secretary may use such sums as are necessary 

17 to provide grants or other forms of financial support 

18 that— 

19 (A) capture carbon dioxide from electric 

20 generation units that— 

21 (i) generate and sell electric power di22 rectly to consumers or for resale; 

23 (ii) use coal or petroleum coke for at 

24 least 75 percent of the fuel used by the 

25 units; and 


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1 (iii) transport the captured carbon di2 oxide to a permanent geological storage 

3 site in the United States, or to a site on 

4 the North American Continent, for use for 

5 hydrocarbon recovery; 

6 (B) have a useful life of not fewer than 15 

7 years; 

8 (C) emphasize modular designs and are ca9 pable of generating at least 100 megawatts of 

10 electricity output; 

11 (D) capture and sequester not less than 65 

12 percent of the total carbon dioxide emissions of 

13 the electric generation units; and 

14 (E) apply to a diverse mix of coal ranks, 

15 generation systems, geographic locations, cap16 ture systems, and sequestration characteriza17 tions and systems, including saline sequestra18 tion, enhanced oil recovery, and other beneficial 

19 uses of carbon dioxide. 

20 (2) ELIGIBLE PROJECTS.—Eligible projects 

21 under this paragraph include carbon capture and se22 questration units that are designed for— 

23 (A) new coal-fired electric generation units; 

24 (B) retrofit or upgrade of existing coal25 fired electric generation units; and 


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1 (C) notwithstanding paragraph (1)(C), 

2 nonmodular units that are larger than 250 

3 megawatts and designed for integrated gasifi4 cation combined cycle electric generation units. 

5 (c) TRANSFERS TO FUND.—There is transferred into 

6 the Fund established by subsection (a) $10,000,000,000 

7 out of any funds in the Treasury not otherwise appro8 priated. 

9 (d) PROHIBITION.—Amounts in the Fund may not 

10 be made available for any purpose other than a purpose 

11 described in subsections (a) and (b). 

12 (e) ANNUAL REPORTS.— 

13 (1) IN GENERAL.—Not later than 60 days after 

14 the end of each fiscal year beginning with fiscal year 

15 2015, the Secretary shall submit a report on the op16 eration of the Fund during the fiscal year to— 

17 (A) the Committee on Appropriations of 

18 the Senate; 

19 (B) the Committee on Appropriations of 

20 the House of Representatives; 

21 (C) the Committee on Energy and Natural 

22 Resources of the Senate; and 

23 (D) the Committee on Energy and Com24 merce of the House of Representatives. 


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1 (2) CONTENTS.—Each report shall include, for 

2 the fiscal year covered by the report, the following: 

3 (A) A statement of the amounts deposited 

4 into the Fund. 

5 (B) A description of the expenditures made 

6 from the Fund for the fiscal year, including the 

7 purpose of the expenditures. 

8 (C) Recommendations for additional au9 thorities to fulfill the purpose of the Fund. 

10 (D) A statement of the balance remaining 

11 in the Fund at the end of the fiscal year. 

Æ 


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