S.Amdt. 367

SA 367. Mr. KERRY submitted an amendment intended to be proposed to
amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) to
the bill H.R. 1, making supplemental appropriations for job
preservation and creation, infrastructure investment, energy efficiency
and science, assistance to the unemployed, and State and local fiscal
stabilization, for fiscal year ending September 30, 2009, and for other
purposes; which was ordered to lie on the table; as follows:

On page 467, strike lines 3 though 18, and insert the
following:

SEC. 1151. MODIFICATION OF MONITORING REQUIREMENTS FOR CARBON
DIOXIDE SEQUESTRATION AND EXTENSION OF CREDIT.

(a) Modification of Monitoring Requirements.--
(1) In general.--Section 45Q(a)(1)(B) is amended by
inserting ``or through other permanent sequestration
methods'' after ``secure geological storage''.
(2) Application of monitoring requirements to carbon
dioxide used as a tertiary injectant.--Section 45Q(a)(2) is
amended by striking ``and'' at the end of subparagraph (A),
by striking the period at the end of subparagraph (B) and
inserting ``, and'', and by adding at the end the following
new subparagraph:
``(C) disposed of by the taxpayer in secure geological
storage or through other permanent sequestration methods.''.
(3) Conforming amendments.--Section 45Q(d)(2) is amended--
(A) by striking ``geological storage of carbon dioxide
under subsection (a)(1)(B)'' and inserting ``geological
storage or other permanent sequestration of carbon dioxide
under paragraph (1)(B) or (2)(C) of subsection (a)'',
(B) by striking ``Such term shall include storage at deep
saline formations and unminable coal seems'' and inserting
``Such regulations shall include storage at deep saline
formations, unminable coal seems, and through other permanent
sequestration methods'', and
(C) by inserting ``and other permanent sequestration
methods'' after ``storage'' in the heading.
(b) Extension of Credit.--Section 45Q(e) is amended by
striking ``75,000,000 metric tons'' and inserting
``100,000,000 metric tons''
(c) Effective Date.--The amendments made by this section
shall apply to carbon dioxide captured after the date of the
enactment of this Act.
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