S.Amdt. 3173

SA 3173. Ms. HEITKAMP (for herself and Mr. Booker) submitted an
amendment intended to be proposed to amendment SA 2953 proposed by Ms.
Murkowski to the bill S. 2012, to provide for the modernization of the
energy policy of the United States, and for other purposes; which was
ordered to lie on the table; as follows:

On page 302, between lines 14 and 15, insert the following:

SEC. 3401. SENSE OF THE SENATE ON CARBON CAPTURE, USE, AND
STORAGE DEVELOPMENT AND DEPLOYMENT.

It is the sense of the Senate that--
(1) carbon capture, use, and storage deployment is--
(A) an important part clean energy future and smart
research and development investments of the United States;
and
(B) critical--
(i) to increasing the energy security of the United States;
(ii) to reducing emissions; and
(iii) to maintaining a diverse and reliable energy
resource;
(2) the fossil energy programs of the Department should
continue to focus on research and development of technologies
that will improve the capture, transportation, use, including
for the production, through biofixation, of carbon-containing
products, and injection processes essential for carbon
capture, use, and storage activities in the electrical and
industrial sectors;
(3) the Secretary should continue to partner with the
private sector and explore avenues to bring down the cost of
carbon capture, including through loans, grants, and
sequestration credits to help make carbon capture, use, and
storage technologies more competitive compared to other
technologies that are a part of the clean energy future of
the United States; and
(4) the Secretary should continue to work on existing, and
expand on, international partnerships, agreements, projects,
and information sharing activities of the Secretary to
develop the latest and most cutting-edge carbon capture, use,
and storage technologies for the electrical and industrial
sectors.

On page 302, line 15, strike ``3401'' and insert ``3402''.
On page 302, line 21, strike ``3402'' and insert ``3403''.
On page 311, between lines 7 and 8, insert the following:

SEC. 3404. CONTRACTING AUTHORITY OF SECRETARY.

(a) Definition of Electric Generation Unit.--In this
section, the term ``electric generation unit'' means an
electric generation unit that--

[[Page S443]]

(1) uses coal-based generation technology; and
(2) is capable of capturing carbon dioxide emissions from
the unit.
(b) Contracting Authority.--The Secretary may enter into
binding contracts, on behalf of the Federal Government, with
qualified parties to provide price stabilization support for
projects that capture carbon dioxide from certain industrial
sources or projects that capture carbon dioxide from an
electric generation unit and which captured carbon dioxide is
sold to a purchaser for--
(1) the recovery of crude oil; or
(2) other purposes for which a commercial market exists.
(c) Term.--The term of a contract entered into under
subsection (b) shall not exceed 25 years.
(d) Notification.--The Secretary shall notify Congress of--
(1) the intent of the Secretary to negotiate and enter into
a price stabilization contract by the date that is not later
than 30 days before negotiations begin; and
(2) the final terms of the contract, information on the
range of overall costs for the project covered by the
contract, and the range of potential costs and scenarios of
the contract by the date that is not later than 30 days after
the contract is executed.
(e) Report.--Not later than 1 year after the date of
enactment of this Act, the Secretary shall submit to the
appropriate committees of Congress a report detailing--
(1) how the Secretary would establish, implement, and
maintain the price stabilization contracting program
described in this section; and
(2) options for how price stabilization contracts under
this section may be structured.
(f) Regulations.--Not later than 180 days after submission
of the report under subsection (e), the Secretary shall
promulgate regulations to establish and implement the price
stabilization contracting program described in this section.
(g) Implementation.--Not later than 2 years after the date
of enactment of this Act, the Secretary shall implement the
price stabilization contracting program described in this
section.
(h) Funding.--There is authorized to be appropriated to
carry out this section $100,000,000 for the period of fiscal
years 2017 through 2021.
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