Title: Capitalizing on American Storage Potential Act
Policy area: Energy

Summary:
Capitalizing on American Storage Potential Act
This bill amends the Energy Policy Act of 2005 to expand the Department of Energy's existing loan guarantee program to any strategic energy infrastructure project that is a regional project which supports a more effective energy market performance and that has the potential to significantly contribute to the economic resilience of the region in which the project is located.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3143 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 3143

To amend the Energy Policy Act of 2005 to make certain strategic energy 
 infrastructure projects eligible for certain loan guarantees, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 29, 2017

Mr. McKinley (for himself and Mr. Jenkins of West Virginia) introduced 
 the following bill; which was referred to the Committee on Energy and 
   Commerce, and in addition to the Committee on Science, Space, and 
Technology, for a period to be subsequently determined by the Speaker, 
 in each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To amend the Energy Policy Act of 2005 to make certain strategic energy 
 infrastructure projects eligible for certain loan guarantees, 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 ``Capitalizing on American Storage 
Potential Act''.

SEC. 2. STRATEGIC ENERGY INFRASTRUCTURE PROJECTS.

    Section 1703 of the Energy Policy Act of 2005 (42 U.S.C. 16513) is 
amended--
            (1) in subsection (b)--
                    (A) in paragraph (2), by striking ``in subsection 
                (d))'' and inserting ``described in subsection (d) and 
                strategic energy infrastructure meeting the criteria 
                described in subsection (f))''; and
                    (B) by adding at the end the following:
            ``(11) Strategic energy infrastructure meeting the criteria 
        described in subsection (f).''; and
            (2) by adding at the end the following:
    ``(f) Strategic Energy Infrastructure Projects.--The Secretary may 
make guarantees under this section for any strategic energy 
infrastructure project that is a regional project--
            ``(1) that supports a more effective energy market 
        performance due to the scale of the project, such as a project 
        with the capacity to store and distribute greater than 100,000 
        barrels per day of hydrocarbon feedstock with a minimum gross 
        heating value of 1,700 Btu per standard cubic foot; and
            ``(2) with the potential to significantly contribute to the 
        economic resilience of the region in which the project is 
        located.''.
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