Carbon Capture Prize Act

Bill: 115-hr-4096
Sponsor: full_name: Rep. Meng, Grace [D-NY-6]
Introduced: 2017-10-23
Policy area: Environmental Protection
Subjects: Advanced technology and technological innovations

Air quality

Climate change and greenhouse gases

Energy research

Environmental assessment, monitoring, research

Environmental technology

Research and development

Technology transfer and commercialization
Latest action: action_date: 2018-05-22
text: Referred to the Subcommittee on Energy.

Summaries:
action_date: 2017-10-23
action_desc: Introduced in House
text: <p><b>Carbon Capture Prize Act</b></p> <p>The bill directs the Department of Energy to carry out a competition to award prizes for technology that reduces the amount of carbon dioxide in the atmosphere, including through emissions reductions or capturing or sequestering carbon dioxide. Any competition must comply with the Stevenson-Wydler Technology Innovation Act of 1980.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4096 IN THE HOUSE OF REPRESENTATIVES October 23, 2017 Ms. Meng (for herself, Mr. Raskin , and Ms. Velázquez ) introduced the following bill; which was referred to the Committee on Science, Space, and Technology A BILL To authorize the Secretary of Energy to establish a prize competition for the research, development, or commercialization of technology that would reduce the amount of carbon in the atmosphere, including by capturing or sequestering carbon dioxide or reducing the emission of carbon dioxide.

1. Short Title This Act may be cited as the Carbon Capture Prize Act . 2. Establishment of Prize Competition (a) Prize Competition The Secretary of Energy, individually or in cooperation with the heads of other Federal agencies, shall carry out a program pursuant to section 24 of the Stevenson-Wydler Technology Innovation Act of 1980 ( 15 U.S.C. 3719 ) to award prizes competitively to incentivize the research, development, or commercialization of technology that reduces the amount of carbon dioxide in the atmosphere, including by capturing or sequestering carbon dioxide or reducing the emission of carbon dioxide. (b) Prize Amount In carrying out the program established under subsection (a), the Secretary may award not more than $5,000,000, in the aggregate, to the winner or winners of the prize competition. (c) Definition of Federal Agency In this section, the term Federal agency has the meaning given the term under section 24(a)(3) of the Stevenson-Wydler Technology Innovation Act of 1980 ( 15 U.S.C. 3719 (a)(3)).