CCUS Innovation Act
Bill: H.R.1761 | Sponsor: Rep. McKinley, David B. (R-WV)
Policy area: Energy

Summary:
CCUS Innovation Act
This bill revises a Department of Energy loan guarantee program for carbon capture, utilization, and storage projects. Specifically, the bill specifies categories of projects that are eligible for loan guarantees, such as projects for developing infrastructure (e.g., pipelines) to enable carbon capture, utilization, or storage.

To amend title XVII of the Energy Policy Act of 2005 relating to the 
 eligibility for loan guarantees for carbon capture, utilization, and 
               storage projects, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``CCUS Innovation Act''.

SEC. 2. PROJECTS FOR CARBON CAPTURE, UTILIZATION, AND STORAGE.

    (a) Categories.--Section 1703(b)(5) of the Energy Policy Act of 
2005 (42 U.S.C. 16513(b)(5)) is amended to read as follows:
            ``(5) Carbon capture, utilization, and storage practices 
        and technologies.''.
    (b) Included Projects.--Section 1703 of the Energy Policy Act of 
2005 (42 U.S.C. 16513) is amended by adding at the end the following:
    ``(g) Carbon Capture, Utilization, and Storage Projects.--The 
category of projects described in subsection (b)(5) includes projects 
involving practices or technologies relating to--
            ``(1) development of infrastructure to enable carbon 
        capture, utilization, or storage, including pipelines;
            ``(2) direct air capture;
            ``(3) pre-combustion capture, and post-combustion capture, 
        of carbon dioxide for fossil fuel based systems, such as power 
        plants and industrial processes that utilize fossil energy;
            ``(4) carbon dioxide storage in geologic formations;
            ``(5) carbon storage efficiency and security through the 
        use of new and early-stage monitoring tools and models;
            ``(6) the conversion of carbon dioxide into substances or 
        products with higher economic value;
            ``(7) the conversion of carbon dioxide into biomass;
            ``(8) the synthesis of fuels and organic chemicals;
            ``(9) the synthesis of inorganic materials and chemicals;
            ``(10) agricultural and forestry practices that store and 
        sequester carbon; and
            ``(11) synthetic technologies to remove carbon from the air 
        and oceans.''.
    (c) Report.--Not later than 1 year after the date of enactment of 
this Act, the Secretary of Energy shall submit to the Committee on 
Energy and Commerce of the House of Representatives a report 
describing--
            (1) with respect to projects described in subsection (g) of 
        section 1703 of the Energy Policy Act of 2005 (as added by this 
        section)--
                    (A) the status of each such project for which a 
                guarantee has been awarded under such section 1703; and
                    (B) any recommendations relating to implementation 
                of title XVII of such Act with respect to such 
                projects;
            (2) opportunities to expand the use of carbon capture, 
        utilization, and storage for reducing industrial sector 
        emissions;
            (3) statutory and regulatory barriers to the deployment and 
        commercialization of carbon capture, utilization, and storage 
        technologies; and
            (4) any recommendations to advance carbon capture, 
        utilization, and storage technologies.
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