To affirm a Federal commitment to carbon capture utilization and storage research, development, and implementation and to study the costs and benefits of contracting authority for price stabilization.

SA 3174. Ms. HEITKAMP (for herself, Mrs. Capito, Mr. Booker, Mr.
Whitehouse, Mr. Tester, Mr. Manchin, Mr. Blunt, and Mr. Franken)
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 of the 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 working with
international partners on pre-existing 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. REPORT ON PRICE STABILIZATION SUPPORT.

(a) Definition of Electric Generation Unit.--In this
section, the term ``electric generation unit'' means an
electric generation unit that--
(1) uses coal-based generation technology; and
(2) is capable of capturing carbon dioxide emissions from
the unit.
(b) Report.--Not later than 180 days after the date of
enactment of this Act, the Secretary shall prepare and submit
to the appropriate committees of Congress a report--
(1) on the benefits and costs of entering into long-term
binding contracts on behalf of the Federal Government with
qualified parties to provide price stabilization support for
certain industrial sources for capturing carbon dioxide from
electricity generated at an electric generation unit or
carbon dioxide captured from an electric generation unit and
sold to a purchaser for--
(A) the recovery of crude oil; or
(B) other purposes for which a commercial market exists;
and
(2) that--
(A) contains an analysis of how the Department would
establish, implement, and maintain a contracting program
described in paragraph (1); and
(B) outlines options for how price stabilization contracts
may be structured and regulations that would be necessary to
implement a contracting program described in paragraph (1).
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