Capitalizing on American Storage Potential Act

Bill: 115-s-1337
Sponsor: full_name: Sen. Manchin, Joe, III [D-WV]
Introduced: 2017-06-12
Policy area: Energy
Subjects: Economic development

Energy storage, supplies, demand

Government lending and loan guarantees
Latest action: action_date: 2018-05-22
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 422.

Summaries:
action_date: 2017-06-12
action_desc: Introduced in Senate
text: <p><b>Capitalizing on American Storage Potential Act</b></p> <p>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.</p>

tv_txt: II 115th CONGRESS 1st Session S. 1337 IN THE SENATE OF THE UNITED STATES June 12, 2017 Mr. Manchin (for himself and Mrs. Capito ) 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 make certain strategic energy infrastructure projects eligible for certain loan guarantees, and for other purposes.

1. Short title This Act may be cited as the Capitalizing on American Storage Potential Act . 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. .

tv_txt: II Calendar No. 422 115th CONGRESS 2d Session S. 1337 [Report No. 115–254] IN THE SENATE OF THE UNITED STATES June 12, 2017 Mr. Manchin (for himself, Mrs. Capito , and Mr. Brown ) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources May 22, 2018 Reported by Ms. Murkowski , with an amendment Omit the part struck through and insert the part printed in italic 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.

1. Short title This Act may be cited as the Capitalizing on American Storage Potential Act . 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.” . which the project is located. (g) National security review Before making a guarantee for a project under this section, the Secretary shall certify that the guarantee is in the national interest and will not harm the national security of the United States, in accordance with Department of Energy Order 142.5 (relating to the Committee on Foreign Investment in the United States) (or a successor order). .

May 22, 2018 Reported with an amendment