116 HR 9054 IH: Clean Energy Future Through Innovation Act of 2020
U.S. House of Representatives
2020-12-28
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EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.(a)This Act may be cited as the Clean Energy Future Through Innovation Act of 2020
.(b)The purposes of this Act are—(1)to further develop, demonstrate, and deploy a broad range of advanced low- and zero-carbon power technologies, including technologies related to the generation, storage, transmission, security, resilience, and efficient use of electric power; and(2)to build a competitive market for advanced low- and zero-carbon technologies and a robust workforce, supply chain, and related legal, commercial, and physical infrastructure.2.Definitions; table of contents(a)Except as otherwise provided, in this Act:(1)The term Secretary means the Secretary of Energy.(2)The term Department means the Department of Energy. (b)The table of contents for this Act is as follows:Sec. 1. Short title; purposes.Sec. 2. Definitions; table of contents.Title I—Carbon Capture, Utilization, and StorageSubtitle A—Research, Development, and Demonstration for Carbon Capture, Utilization, and Storage TechnologiesSec. 111. Fossil energy objectives.Sec. 112. Carbon capture technologies.Sec. 113. Carbon storage validation and testing.Sec. 114. Carbon utilization.Sec. 115. Advanced energy systems.Subtitle B—Deployment of Carbon Capture, Utilization, and Storage with Commercial-Scale Electricity Generation FacilitiesSec. 121. Deployment of carbon capture, utilization, and storage technology with commercial-scale electricity generation facilities.Subtitle C—Federal Support for Commercial Deployment of Carbon Capture, Utilization, and StorageSec. 131. Enhancement of carbon dioxide sequestration credit.Sec. 132. Reform of loan guarantee program.Sec. 133. Private activity bonds for carbon dioxide capture facilities.Sec. 134. Extension of publicly traded partnership ownership structure.Sec. 135. Production tax credit for certain electricity generation using carbon capture utilization and storage.Sec. 136. Elective payment of credit.Subtitle D—Support for Carbon Dioxide Transportation and Sequestration InfrastructureSec. 141. Securing geologic reservoirs for carbon dioxide.Sec. 142. Financial assistance for carbon dioxide sequestration infrastructure development.Sec. 143. Geologic carbon dioxide sequestration utilities.Sec. 144. Coordinated Federal permitting for carbon dioxide pipeline and sequestration facilities.Sec. 145. Interagency task force on carbon dioxide pipelines.Title II—Innovation in Renewable Energy, Energy Efficiency, and StorageSec. 201. Establishment of technology performance and cost targets.Sec. 202. Advanced innovation and commercialization program.Sec. 203. Updating mobile homes.Sec. 204. Investment tax credits for energy battery storage, offshore wind, and certain hydropower technologies.Sec. 205. Extension of production tax credit for solar and on-shore wind.Sec. 206. Renewal of qualifying advanced energy project credit.Sec. 207. Performance-based tax credits for commercial and residential buildings.Sec. 208. Extension of publicly traded partnership ownership structure to renewable energy projects.Sec. 209. Manufacturer credit for high-efficiency heat pumps and heat pump water heaters.Sec. 210. Other authorizations of appropriations.Title III—Existing and Advanced Nuclear Power PlantsSec. 301. Zero-emissions credit program.Sec. 302. Investment tax credit for nuclear energy property.Sec. 303. Expanding Federal clean electricity purchasing requirements.Sec. 304. Modernizing the Nuclear Regulatory Commission.Sec. 305. Demonstration and early deployment of advanced nuclear reactors.Sec. 306. Advanced nuclear fuel security program.Sec. 307. Authorization of appropriations for loan guarantees for advanced nuclear facilities.Sec. 308. Expanding the production tax credit for nuclear power.Sec. 309. Authorizations of appropriations for innovation in nuclear power.Title IV—Clean Electricity StandardSec. 401. Certification of cost-effective market penetration of clean electricity technologies.Sec. 402. Federal clean electricity standard.Sec. 403. Regional clean electricity planning models.Sec. 404. Stand-by emission performance standards.<enum>I</enum><header>Carbon Capture, Utilization, and Storage</header><subtitle id="H620109CD2CE04150A6551E1845730DB1"><enum>A</enum><header>Research, Development, and Demonstration for Carbon Capture, Utilization, and Storage Technologies</header><section id="H1E765F55C0F24CEC9638B637C91FD6C0"><enum>111.</enum><header>Fossil energy objectives</header><text display-inline="no-display-inline">Section 961 of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16291">42 U.S.C. 16291</external-xref>) is amended—</text><paragraph id="H7B7F3AC632764520A0D11538E04F8936"><enum>(1)</enum><text>in subsection (a), by adding at the end the following:</text><quoted-block id="H807167B2A4F64CB69AE578E4E16D9A92" style="OLC"><paragraph id="H0203F771E9354AEC8ED0FA32A251AE49"><enum>(8)</enum><text>Improving the conversion, use, and storage of carbon dioxide produced from fossil fuels.</text></paragraph><paragraph id="H21A0BFB2657C4E42B70DD8817880C85E"><enum>(9)</enum><text>Lowering greenhouse gas emissions for all fossil fuel production, generation, delivery, and utilization in electricity generation and other industry, to the maximum extent possible.</text></paragraph><paragraph id="H87FBD1C6C39048A5855B89B4FA3CDA30"><enum>(10)</enum><text>Preventing, predicting, monitoring, and mitigating the unintended leaking of carbon dioxide or other fossil fuel-related emissions into the atmosphere.</text></paragraph><paragraph id="HD5A23E0AB4C04DDEB8D060AE50E9EF86"><enum>(11)</enum><text>Developing carbon utilization technologies, products, and methods, including carbon use and reuse for commercial application.</text></paragraph><paragraph id="HDB3BE4754D49433AA70684423B14CC4B"><enum>(12)</enum><text>Developing carbon capture technologies, including direct air capture technologies.</text></paragraph><after-quoted-block>;</after-quoted-block></quoted-block></paragraph><paragraph id="H4EDC035F69B04F2288DE5A9366B854D2"><enum>(2)</enum><text>in subsection (b), by striking paragraphs (1) through (3) and inserting the following:</text><quoted-block id="HE5DF5BA0188844558FB8E5BC0C6C9A98" style="OLC"><paragraph id="H7F06476885C940CD8866A001C1D6C42A"><enum>(1)</enum><text>$2,200,000,000 for fiscal year 2021;</text></paragraph><paragraph id="H48DE304448314319A1A6787D8550FEE2"><enum>(2)</enum><text>$2,200,000,000 for fiscal year 2022;</text></paragraph><paragraph id="H138BE4179F4240FE86C22FFB3F8E04F3"><enum>(3)</enum><text>$2,200,000,000 for fiscal year 2023;</text></paragraph><paragraph id="HADC84F2B8A0F4BB39EFDEAEAAA416868"><enum>(4)</enum><text>$2,200,000,000 for fiscal year 2024; and</text></paragraph><paragraph id="H483900972B144C28AB25FA223130C148"><enum>(5)</enum><text>$2,200,000,000 for fiscal year 2025.</text></paragraph><after-quoted-block>; and</after-quoted-block></quoted-block></paragraph><paragraph id="H89D88A1329E9420CB6C4AA2512073A9F"><enum>(3)</enum><text>by striking subsections (c) through (e) and inserting the following:</text><quoted-block id="H3E97039944544CCA87B4818C4B588214" style="OLC"><subsection id="H65F57FBD0F294494B51EEC35F111223D"><enum>(c)</enum><header>Limitation</header><text>None of the funds authorized under this section may be used for Fossil Energy Environmental Restoration or Import/Export Authorization.</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></section><section id="H7F83430F0D3643FD90BF44B67F997AA2"><enum>112.</enum><header>Carbon capture technologies</header><subsection id="HE1E86FDCA29D4459BBF1CE1FD49FB89F"><enum>(a)</enum><header>Carbon capture program</header><text>Section 962 of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16292">42 U.S.C. 16292</external-xref>) is amended to read as follows:</text><quoted-block id="HAC652378E34F4D189F33FF3EC384DE86" style="OLC"><section id="H09D6EB1DD8E5443B849087285EE9B732"><enum>962.</enum><header>Carbon capture technologies</header><subsection id="H35CC362894B8443A9D2C6374B262B119"><enum>(a)</enum><header>In general</header><text>The Secretary shall conduct a program of research, development, demonstration, and commercial application of carbon capture technologies. The program shall advance the development and use of—</text><paragraph id="H859DA671512C44A2AB386F0FFB1B9148"><enum>(1)</enum><text>carbon capture technologies in conjunction with coal and natural gas utilization in power systems and industry;</text></paragraph><paragraph id="H9BD95110FE48497A9D22B6CDF9E5BCBF"><enum>(2)</enum><text>innovations to improve the efficiency of, and decrease emissions at, existing power plants;</text></paragraph><paragraph id="HF8A7EA683375420E9E916C743F64A983"><enum>(3)</enum><text>advanced separation technologies and direct air capture technologies; and</text></paragraph><paragraph id="HD1135CFCF7E94A27A215DDDE60C310C0"><enum>(4)</enum><text>carbon capture technologies used in conjunction with the production from fossil fuel of hydrogen or ammonia to be used in power systems.</text></paragraph></subsection><subsection id="H623E1B83CF2345319171F4CF8B8E1FE2"><enum>(b)</enum><header>Coal applications</header><text>In conducting the program under subsection (a), the Secretary shall devote substantial resources to carbon capture technologies for coal applications.</text></subsection><subsection id="H48C596447E7B4D4E8AB99900A4608C6F"><enum>(c)</enum><header>Large-Scale pilots</header><paragraph id="HD32E7455E98046BE8F47E8F63939DB50"><enum>(1)</enum><header>In general</header><text>In supporting technology development activities under this section, the Secretary is encouraged to support large-scale pilot projects that test carbon capture technologies on power systems. Support for such large-scale pilot projects shall be subject to the cost sharing requirements in section 988(b).</text></paragraph><paragraph id="HED2510CB18BD4885AA49768F2E894031"><enum>(2)</enum><header>Definition</header><text>For purposes of this section, the term <quote>large-scale pilot project</quote> means a pilot project that—</text><subparagraph id="H1F02A20695924174AA72D0C7E09C1EF9"><enum>(A)</enum><text>represents the scale of technology development beyond laboratory development and bench scale testing, but not yet advanced to the point of being tested under operational conditions at commercial scale;</text></subparagraph><subparagraph id="HC6B5C4B791604A1CB048A23B6D4A8C96"><enum>(B)</enum><text>represents the scale of technology necessary to gain the operational data needed to understand the technical and performance risks of the technology before the application of that technology at commercial scale or in commercial-scale demonstration; and</text></subparagraph><subparagraph id="H9893458D134D4AF59B74FD81A027CD08"><enum>(C)</enum><text>is large enough—</text><clause id="HA9DE0D4AF9C9419FBCE3F58D27D7384C"><enum>(i)</enum><text>to validate scaling factors; and</text></clause><clause id="H263BA7B4480A4182869E81B5DA1E5542"><enum>(ii)</enum><text>to demonstrate the interaction between major components so that control philosophies for a new process can be developed and enable the technology to advance from large-scale pilot plant application to commercial-scale demonstration or application.</text></clause></subparagraph></paragraph></subsection><subsection id="H559C539E130D4E63A28CD902F040CC70"><enum>(d)</enum><header>Cost and performance goals</header><text>In carrying out the development, demonstration, and commercial application activities under subsection (a), the Secretary shall consider cost and performance goals, in order to advance development and deployment of carbon capture technologies that can become cost competitive in commercial applications.</text></subsection><subsection id="H5C0998C0699343A88AAC9A17058DF1DE"><enum>(e)</enum><header>Carbon capture pilot test centers</header><paragraph id="H31166F7D39EF4904861D23F3B42669E6"><enum>(1)</enum><header>In general</header><text>Not later than 1 year after the date of the enactment of the <short-title>Clean Energy Future Through Innovation Act of 2020</short-title>, the Secretary shall award grants to one or more entities for the operation of Carbon Capture Test Centers (in this subsection referred to as the <quote>Centers</quote>) to provide unique testing capabilities for innovative power system technologies to capture carbon dioxide or otherwise produce a carbon dioxide stream suitable for utilization or storage.</text></paragraph><paragraph id="H3C5F0F3BAE9A4780964667A5C17A57B6"><enum>(2)</enum><header>Purpose</header><text>The Centers shall—</text><subparagraph id="H2B20EBF452DD4F008812558F138CADA3"><enum>(A)</enum><text>advance research, development, demonstration, and commercial application of carbon capture technologies for power systems; and</text></subparagraph><subparagraph id="HA943784C15FB47D29AC7F3733A2AF05D"><enum>(B)</enum><text>test technologies that represent the scale of technology development beyond laboratory testing, but not yet advanced to testing under operational conditions at commercial scale.</text></subparagraph></paragraph><paragraph id="H6ED324926EAF4CD891C4FDA1BD81C573"><enum>(3)</enum><header>Application</header><text>An entity seeking to operate a Center under this subsection shall submit to the Secretary an application at such time and in such manner as the Secretary may require.</text></paragraph><paragraph id="HBEDFD9A288EB44F69A8E84B55D2A6372"><enum>(4)</enum><header>Criteria</header><text>In evaluating applications to operate the Centers under this subsection, the Secretary shall prioritize grants to applicants that meet one or more of the following criteria:</text><subparagraph id="HC2FD1E6BEA57482FB3221AB4E4B9985D"><enum>(A)</enum><text>The applicant has access to existing or planned research facilities with modular technology capabilities.</text></subparagraph><subparagraph id="HDA9FA113B94448AD976AC28A452E07F1"><enum>(B)</enum><text>The applicant is an institution of higher education with established expertise in engineering and design for carbon capture technologies, or has a partnership with such an institution.</text></subparagraph><subparagraph id="H0CFE9601044445ACA82CA39DD00C7660"><enum>(C)</enum><text>The applicant has access to existing research and test facilities for precombustion, postcombustion, or oxy-combustion technologies.</text></subparagraph><subparagraph id="HFD29B37FC4F54BC599416F0CF785CEF3"><enum>(D)</enum><text>The applicant has capability to test integration of carbon capture technologies with utility-scale power plants.</text></subparagraph><subparagraph id="H3B8CD566CF0444B299572591E57B9F44"><enum>(E)</enum><text>Commercial market participants, including equipment and technology suppliers and power generators, are involved in the proposed Center.</text></subparagraph></paragraph><paragraph id="HEEDF91B7647F4B4DB81F0AF5919FDE6C"><enum>(5)</enum><header>Considerations</header><text>In awarding grants for the operation of the Centers under this subsection, the Secretary shall ensure that—</text><subparagraph id="H8BB83C1159D84494B9E4EB3355628F9D"><enum>(A)</enum><text>the Centers support pilot testing appropriate to diverse regions and resource characteristics; and</text></subparagraph><subparagraph id="H391F800FEE2E46F3B24E3DC1157CC295"><enum>(B)</enum><text>each Center receiving such a grant demonstrates unique research capabilities, unique regional benefits, or new technology development opportunities.</text></subparagraph></paragraph><paragraph id="HF79FF33AAD0B4250A9F475391BF748BF"><enum>(6)</enum><header>Schedule</header><text>Each grant to operate a Center under this subsection shall be awarded for a term of not more than 5 years, subject to the availability of appropriations. The Secretary may renew such 5-year term without limit, subject to a rigorous merit review.</text></paragraph><paragraph id="HBE4BF916DB43468BB34B5C8B7D21962C"><enum>(7)</enum><header>Cost sharing</header><text>The Secretary shall require cost sharing under this subsection in accordance with section 988(b).</text></paragraph><paragraph id="H3E999C34E97F4872AAD364B5E09E5032"><enum>(8)</enum><header>Termination</header><text>The Secretary may eliminate a Center during any 5-year term described in paragraph (6) if such Center is found to be underperforming.</text></paragraph></subsection><subsection id="HC2A89CC5D8B54A9A9990FF39866D06B0"><enum>(f)</enum><header>Demonstration projects</header><paragraph id="H76E0F6878B784B87AA07EAF67A57FA8F"><enum>(1)</enum><header>In general</header><text>The Secretary may fund commercial-scale demonstration projects for power systems that test the scale of technology necessary for commercial operation, in accordance with this subsection.</text></paragraph><paragraph id="H42DD84739D4F4500A9DA12C77D4472DF"><enum>(2)</enum><header>Engineering and design studies</header><text>The Secretary is authorized to fund engineering and design studies for commercial-scale demonstration projects for power systems in addition to, or in advance of, issuing an award for a demonstration project under this subsection.</text></paragraph><paragraph id="H71E23E5A566244AEB241100B96422FC2"><enum>(3)</enum><header>Application</header><text>An entity seeking an award to conduct a demonstration project under this subsection shall submit to the Secretary an application at such time and in such manner as the Secretary may require.</text></paragraph><paragraph id="H868D68C928DC4B64A12A2C8366023401"><enum>(4)</enum><header>Limitations</header><text>The Secretary may only provide an award under this subsection after reviewing each application regarding—</text><subparagraph id="HF84C9173C7704D3691B02A7ED508D809"><enum>(A)</enum><text>the financial strength of the applicant;</text></subparagraph><subparagraph id="HD6B86C677C6547F59DB677A7C2AB8243"><enum>(B)</enum><text>the construction schedule for the proposed demonstration project;</text></subparagraph><subparagraph id="H29E05FC91F314260AA7BD301726B411C"><enum>(C)</enum><text>the market risk faced by the technology to be demonstrated; and</text></subparagraph><subparagraph id="H49C8B10B100B4EF9A75FA82C8DE777AB"><enum>(D)</enum><text>the experience of the applicant and construction contractor with similar projects.</text></subparagraph></paragraph><paragraph id="HEC6B59D826544A9A953DB76966A0D06E"><enum>(5)</enum><header>Requirements</header><text>A demonstration project funded under this subsection shall—</text><subparagraph id="HB597A85973684651B1AFE8727B29AB88"><enum>(A)</enum><text>utilize technologies that have completed pilot-scale testing or the equivalent, as determined by the Secretary;</text></subparagraph><subparagraph id="H1838AC86A956477D916CBBF57FE2EBBE"><enum>(B)</enum><text>secure and maintain agreements for the utilization or sequestration of captured carbon dioxide; and</text></subparagraph><subparagraph id="H473E70B2BF1D4BC5B5D3FBF17920466C"><enum>(C)</enum><text>upon completion, demonstrate carbon capture technologies on a power system.</text></subparagraph></paragraph><paragraph id="H3B285BC8924742A29219A633E5E2B6DD"><enum>(6)</enum><header>Cost sharing</header><text>The Secretary shall require cost sharing under this subsection in accordance with section 988.</text></paragraph></subsection><subsection id="HB32C93E6EFF8454F8C737F1965A58D45"><enum>(g)</enum><header>Definition of power system</header><text>In this section, the term <quote>power system</quote> means any electricity generating unit that utilizes fossil fuels to generate electricity provided to the electric grid or directly to a consumer.</text></subsection><subsection id="H36259B22D74C4953B8072D455FC7B435"><enum>(h)</enum><header>Authorization of appropriations</header><text>For activities under this section, there are authorized to be appropriated to the Secretary—</text><paragraph id="H19E38261BB374E8AB5FA26151419D36C"><enum>(1)</enum><text>$600,000,000 for fiscal year 2021;</text></paragraph><paragraph id="HA06CA06CB8DE47D6B98F526315CBD4F4"><enum>(2)</enum><text>$600,000,000 for fiscal year 2022;</text></paragraph><paragraph id="HFCF832513E9C454788B25E7C39D9182A"><enum>(3)</enum><text>$600,000,000 for fiscal year 2023;</text></paragraph><paragraph id="H6DC694FEA80C4ADCAFBEDC035EBAB6B3"><enum>(4)</enum><text>$600,000,000 for fiscal year 2024; and</text></paragraph><paragraph id="HEE1F3B7A3ED44DF094A78298E9218301"><enum>(5)</enum><text>$600,000,000 for fiscal year 2025.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="HF7F01691854444F89691EEA0286EF2D4"><enum>(b)</enum><header>GAO study</header><paragraph id="H74EFBE4B9C594022B8C06A10B537A8F2"><enum>(1)</enum><header>In general</header><text>The Comptroller General of the United States shall conduct a study of the Department’s successes, failures, practices, and improvements in carrying out demonstration projects for carbon capture technologies for power systems. In conducting the study, the Comptroller General shall consider, at a minimum—</text><subparagraph id="H61A82E26340E4DF2890755A107973BF9"><enum>(A)</enum><text>applicant and contractor qualifications;</text></subparagraph><subparagraph id="H6D8EA2E8F698497A90E2218FAD56C211"><enum>(B)</enum><text>project management practices at the Department;</text></subparagraph><subparagraph id="H4C7CE7988389486D893E9566480B126F"><enum>(C)</enum><text>economic or market changes and other factors impacting project viability;</text></subparagraph><subparagraph id="H7D752DAE3A584247ABC4784A7B81B50A"><enum>(D)</enum><text>completion of third-party agreements, including power purchase agreements and carbon dioxide offtake agreements;</text></subparagraph><subparagraph id="H91CE4C43EEC14FF2B5CF06A669EA80DC"><enum>(E)</enum><text>regulatory challenges; and</text></subparagraph><subparagraph id="HF9AAF597B2614283ABCB53FA13EBEDB5"><enum>(F)</enum><text>construction challenges.</text></subparagraph></paragraph><paragraph id="H9FA552840CAF452DA970750771920F20"><enum>(2)</enum><header>Report</header><text>Not later than 3 years after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a report on the results of the study required under paragraph (1).</text></paragraph><paragraph id="HF7EF66FEC6B343128E34A0136E8D4E5D"><enum>(3)</enum><header>Consideration</header><text>The Secretary shall consider any relevant recommendations, as determined by the Secretary, provided in the study required under paragraph (1), and shall adopt such recommendations as the Secretary considers appropriate.</text></paragraph><paragraph id="HB16AC2E3AD6845C1A4F10979AC854988"><enum>(4)</enum><header>Power system defined</header><text>In this section, the term <term>power system</term> means any electricity generating unit that utilizes fossil fuels to generate electricity provided to the electric grid or directly to a consumer.</text></paragraph></subsection></section><section id="HD920FA01AA8743868E42401A1FF618A9"><enum>113.</enum><header>Carbon storage validation and testing</header><text display-inline="no-display-inline">Section 963 of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16293">42 U.S.C. 16293</external-xref>) is amended to read as follows:</text><quoted-block id="H55ECB3E5414749C89E94298D037C10D2" style="OLC"><section id="HBADEA5F5725A4025B6FAB92E9C3CB5C2"><enum>963.</enum><header>Carbon storage validation and testing</header><subsection id="H0FAFBA3C0EA64EBB8858E8024CEABA8C"><enum>(a)</enum><header>Carbon storage</header><text>The Secretary shall carry out a program of research, development, and demonstration for carbon storage. The program shall—</text><paragraph id="H067C3061F7BD4CE09496BA7ABE7AF48A"><enum>(1)</enum><text>in coordination with relevant Federal agencies, develop and maintain mapping tools and resources that assess the capacity of geologic storage formations in the United States;</text></paragraph><paragraph id="H9E89DC9FFE5B46F8B1FB89CE06222E8F"><enum>(2)</enum><text>develop monitoring tools, modeling of geologic formations, and analyses to predict and verify carbon dioxide containment and account for sequestered carbon dioxide in geologic storage sites;</text></paragraph><paragraph id="H01017E2DD4C945449C3DD1B59246EBE9"><enum>(3)</enum><text>research potential environmental, safety, and health impacts in the event of a leak to the atmosphere or to an aquifer, and any corresponding mitigation actions or responses to limit harmful consequences;</text></paragraph><paragraph id="H5490B103823B461090F02E990F041FE4"><enum>(4)</enum><text>evaluate the interactions of carbon dioxide with formation solids and fluids, including the propensity of injections to induce seismic activity;</text></paragraph><paragraph id="HADA13722E7824A8D868B1B8CC2F50864"><enum>(5)</enum><text>assess and ensure the safety of operations related to geologic sequestration of carbon dioxide;</text></paragraph><paragraph id="H346B96CEEE0649DEB81B9A1C6E48929A"><enum>(6)</enum><text>determine the fate of carbon dioxide concurrent with and following injection into geologic formations; and</text></paragraph><paragraph id="HE00CB93B6B4D486B95C84A192D65F8BE"><enum>(7)</enum><text>provide information to State, local, and Tribal governments, the Environmental Protection Agency, and other appropriate entities, to support development of a regulatory framework for commercial-scale sequestration operations that ensure the protection of human health and the environment.</text></paragraph></subsection><subsection id="HB21BF445A8A548A4926D2FCD3C3B9BDE"><enum>(b)</enum><header>Geologic settings</header><text>In carrying out research activities under this section, the Secretary shall consider a variety of candidate geologic settings, including—</text><paragraph id="H9A3EDD05A6E84B28AFAEBA80ECEEA252"><enum>(1)</enum><text>operating oil and gas fields;</text></paragraph><paragraph id="H7CA3B1513A7B4689856A872349CA8377"><enum>(2)</enum><text>depleted oil and gas fields;</text></paragraph><paragraph id="H7F3E5EFD62684F678E3091272BD4019F"><enum>(3)</enum><text>residual oil zones;</text></paragraph><paragraph id="H9706A17186DA41FF912A70C8B98A12C3"><enum>(4)</enum><text>unconventional reservoirs and rock types;</text></paragraph><paragraph id="H801AB86736554993A15A9C8607F756CD"><enum>(5)</enum><text>unmineable coal seams;</text></paragraph><paragraph id="H3341A0A0603942049F07AF9BC55FD4BD"><enum>(6)</enum><text>deep saline formations;</text></paragraph><paragraph id="HC220564D702A4E10BB71E66291B39DD4"><enum>(7)</enum><text>deep geologic systems that may be used as engineered reservoirs to extract economical quantities of brine from geothermal resources of low permeability or porosity;</text></paragraph><paragraph id="HC7C6F3F9719F49A88DCFED582926160B"><enum>(8)</enum><text>deep geologic systems containing in situ carbon dioxide mineralization formations; and</text></paragraph><paragraph id="H8F988D48D8914591B372F1C858AFD674"><enum>(9)</enum><text>offshore geologic formations.</text></paragraph></subsection><subsection id="H91631417B28E407C9C2EEF72F2A3246A"><enum>(c)</enum><header>Regional carbon sequestration partnerships</header><paragraph id="H7157E9A836E44CFC9E4CF276ECB7705C"><enum>(1)</enum><header>In general</header><text>The Secretary shall carry out large-scale carbon sequestration demonstrations for geologic containment of carbon dioxide to collect and validate information on the cost and feasibility of commercial deployment of technologies for the geologic containment of carbon dioxide. The Secretary may fund new demonstrations or expand the work completed at one or more of the existing regional carbon sequestration partnerships.</text></paragraph><paragraph id="H361E073ED398421FA2DEB47E8477CADD"><enum>(2)</enum><header>Demonstration components</header><text>Each demonstration described in paragraph (1) shall include longitudinal tests involving carbon dioxide injection and monitoring, mitigation, and verification operations.</text></paragraph><paragraph id="H69603EA7439D46F0A91E977F2293BA4F"><enum>(3)</enum><header>Clearinghouse</header><text>The National Energy Technology Laboratory shall act as a clearinghouse of shared information and resources for the regional carbon sequestration partnerships and any new demonstrations funded under this section.</text></paragraph><paragraph id="H24428B10E5944D05AB352A62E669AA29"><enum>(4)</enum><header>Report</header><text>Not later than 1 year after the date of enactment of the <short-title>Clean Energy Future Through Innovation Act of 2020</short-title>, the Secretary shall provide to Congress a report that—</text><subparagraph id="H258CAF22E5A949ADB2B6BDB0A2126D67"><enum>(A)</enum><text>assesses the progress of all regional carbon sequestration partnerships;</text></subparagraph><subparagraph id="H9CB3D0A41F244969B4FFC828CBD2C952"><enum>(B)</enum><text>identifies the remaining challenges in achieving carbon sequestration that is reliable and safe for the environment and public health; and</text></subparagraph><subparagraph id="H8156F91734BD4D49B02551D460757C86"><enum>(C)</enum><text>creates a roadmap to integrate geologic sequestration sites and carbon utilization with large sources of carbon dioxide in the United States economy.</text></subparagraph></paragraph><paragraph id="H4F91AE3E62EA4F7CA3E63EF4519B6AF7"><enum>(5)</enum><header>Large-scale carbon sequestration demonstration</header><text>For purposes of this subsection, <quote>large-scale carbon sequestration demonstration</quote> means the injection of more than 1,000,000 tons of carbon dioxide annually or injection at a scale that demonstrates the ability to inject and sequester several million metric tons carbon dioxide for at least 10 years.</text></paragraph></subsection><subsection id="H280F304138F04C6C8E6498CE25646BDA"><enum>(d)</enum><header>Integrated storage projects</header><text>The Secretary may carry out a program for purposes of transitioning the large-scale storage demonstrations under subsection (c) into integrated, commercial storage complexes. The program shall focus on—</text><paragraph id="H3CE97332280F46269604ECA501513F65"><enum>(1)</enum><text>qualifying geologic storage sites in order to accept large volumes of carbon dioxide acceptable for commercial contracts;</text></paragraph><paragraph id="H0BE636B26F9B43B59AA61563CF33963C"><enum>(2)</enum><text>understanding the technical and commercial viability of storage sites;</text></paragraph><paragraph id="H6EF260CE9AB54CCDB336262048B74E31"><enum>(3)</enum><text>developing the qualification processes that will be necessary for a diverse range of geologic storage sites to commercially accept carbon dioxide; and</text></paragraph><paragraph id="H4192E631B5F1493893B2F422D7B29676"><enum>(4)</enum><text>any other activities the Secretary deems necessary to transition the large-scale demonstration storage projects into commercial ventures.</text></paragraph></subsection><subsection id="H1753AA029A7A4D8FA8082A91FCC6F692"><enum>(e)</enum><header>Cost sharing</header><text>The Secretary shall require cost sharing under this section in accordance with section 988.</text></subsection><subsection id="H92AE90B74210402295732A5749E6205C"><enum>(f)</enum><header>Federal data collection</header><text>The Secretary, in coordination with other Federal agencies including the United States Geological Survey, shall continue and expand ongoing Federal data collection and analysis activities related to carbon dioxide storage, economics, and spatial relationships on a local and regional scale, in coordination with State and regional entities.</text></subsection><subsection id="HF7A158E7AD3C4DEB9CA44A7D38F8F55E"><enum>(g)</enum><header>Authorization of appropriations</header><text>For activities under this section, there are authorized to be appropriated to the Secretary—</text><paragraph id="H0553A5C0281645C9BCDCA16F6A18D4CD"><enum>(1)</enum><text>$250,000,000 for fiscal year 2021;</text></paragraph><paragraph id="H8BA9ACA84C254D2584B2795194EB1367"><enum>(2)</enum><text>$250,000,000 for fiscal year 2022;</text></paragraph><paragraph id="H8EF678F15CC141BD80C121B8DDD9562A"><enum>(3)</enum><text>$250,000,000 for fiscal year 2023;</text></paragraph><paragraph id="H74656A13C9BC42A6B4F92AA8F0917346"><enum>(4)</enum><text>$250,000,000 for fiscal year 2024; and</text></paragraph><paragraph id="H26F0E178578F42BD88A831358AE0D03F"><enum>(5)</enum><text>$250,000,000 for fiscal year 2025.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></section><section id="H383254545C82475DA990B81A81EF5A2B"><enum>114.</enum><header>Carbon utilization</header><subsection id="H6F2D8AD9CBDD4396A9B8E1098E5388F0"><enum>(a)</enum><header>Program</header><text>Subtitle F of title IX of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16291">42 U.S.C. 16291</external-xref> et seq.) is amended by adding at the end the following:</text><quoted-block id="H22089BE2ABF44B29A48E09397A9816AC" style="OLC"><section id="H2ACE764822BD4C07970683FC34407760"><enum>969.</enum><header>Carbon utilization</header><subsection id="H3D96E3B08CA547058F92C5D096B578AC"><enum>(a)</enum><header>In general</header><text>The Secretary shall carry out a program of research, development, and demonstration for carbon utilization. The program shall—</text><paragraph id="H108356D2C26D43FD954920074286D1C2"><enum>(1)</enum><text>assess and monitor potential changes in life cycle carbon dioxide emissions, and other environmental safety indicators of new technologies, practices, processes, or methods, used in enhanced hydrocarbon recovery;</text></paragraph><paragraph id="HCB3A7FDD1BE5498BA04F0AA0D8CBFBA5"><enum>(2)</enum><text>identify and evaluate novel uses for carbon, including the conversion of carbon dioxide for commercial and industrial products, such as—</text><subparagraph id="HA1FD2BCD8B5F4A9587A0DB382B09ED9C"><enum>(A)</enum><text>chemicals;</text></subparagraph><subparagraph id="HA3EF197AFC1D4F4EA1645481665EDF93"><enum>(B)</enum><text>plastics;</text></subparagraph><subparagraph id="HC1A396DAC3614D23BF7B80BABCAFA1CD"><enum>(C)</enum><text>building materials;</text></subparagraph><subparagraph id="HFE859AEF46EC457D9059812AC5107674"><enum>(D)</enum><text>fuels;</text></subparagraph><subparagraph id="H22B69E015BF646E998347376CD16E54D"><enum>(E)</enum><text>cement; or</text></subparagraph><subparagraph id="HA9B158B68FD04D98860A00EF0E227A51"><enum>(F)</enum><text>products of coal utilization in power systems (as such term is defined in section 962(e)), or other applications; and</text></subparagraph></paragraph><paragraph id="H2E9B544CEE5F4960805D1E6916122E8E"><enum>(3)</enum><text>identify and develop alternative uses for coal, including products derived from carbon engineering, carbon fiber, and coal conversion methods.</text></paragraph></subsection><subsection id="H65ACEA988F5048AB995FA960C24EE984"><enum>(b)</enum><header>Authorization of appropriations</header><text>For activities under this section, there are authorized to be appropriated to the Secretary—</text><paragraph id="HE506A12351FB45C788EF655C3A48A88E"><enum>(1)</enum><text>$75,000,000 for fiscal year 2021;</text></paragraph><paragraph id="H0B3740B58CC4405E9EA079F360064EF8"><enum>(2)</enum><text>$75,000,000 for fiscal year 2022;</text></paragraph><paragraph id="H9DDBB0E1841A4F5A917235719791A693"><enum>(3)</enum><text>$75,000,000 for fiscal year 2023;</text></paragraph><paragraph id="H3B2E82E688BD4A678618F91CCFA2B75F"><enum>(4)</enum><text>$75,000,000 for fiscal year 2024; and</text></paragraph><paragraph id="H6503D2BD09D94A86AAE73F6583AA05AB"><enum>(5)</enum><text>$75,000,000 for fiscal year 2025.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H4433DB6CF5674A75ADD2716C064C6266"><enum>(b)</enum><header>Study</header><text>No later than one year following the date of enactment of the <short-title>Clean Energy Future Through Innovation Act of 2020</short-title>, the Secretary shall enter into an agreement with the National Academies to conduct a study assessing the barriers and opportunities related to commercializing the utilization of carbon dioxide in the United States. Such study shall—</text><paragraph id="H97E8D397ECAD48B19C8494C8F7AF91D7"><enum>(1)</enum><text>analyze the technical feasibility and related challenges to commercial utilization of carbon dioxide, including—</text><subparagraph id="H5C6CB64550D849E194F98325862B2593"><enum>(A)</enum><text>creating a national system of carbon dioxide pipelines;</text></subparagraph><subparagraph id="H8F3C938F3191444C99B6B4C3B6C07A7A"><enum>(B)</enum><text>mitigating environmental impacts; and</text></subparagraph><subparagraph id="H9DDB87A7C5834037AF0F25DF84C6A04E"><enum>(C)</enum><text>regional economic challenges and opportunities;</text></subparagraph></paragraph><paragraph id="H8F2114DEC25C4F7B8AAFE5E8DC188F99"><enum>(2)</enum><text>identify potential markets, industries, or sectors that may benefit from greater access to commercial carbon dioxide;</text></paragraph><paragraph id="H7B74C27E262441E290C7006C49CF8737"><enum>(3)</enum><text>assess the current state of infrastructure and any necessary updates to allow for the integration of safe and reliable carbon dioxide transportation, utilization, and storage;</text></paragraph><paragraph id="H17A22BF412154BB59A6E4994640ED58A"><enum>(4)</enum><text>estimate the economic impact of a well-integrated national carbon dioxide pipeline system;</text></paragraph><paragraph id="H95CE9A3D773D41A3BF90753F7EEF9887"><enum>(5)</enum><text>assess the global status and progress of carbon utilization technologies (both chemical and biological) in practice today that utilize waste carbon (including carbon dioxide, carbon monoxide, methane, and biogas) from power generation, biofuels production, and other industrial processes;</text></paragraph><paragraph id="H19AA5E60EDD94E9BB27AEAECFA0749E6"><enum>(6)</enum><text>identify emerging technologies and approaches for carbon utilization that show promise for scale-up, demonstration, deployment, and commercialization;</text></paragraph><paragraph id="H154CCE031CD54022A8505954ADE7001D"><enum>(7)</enum><text>analyze the factors associated with making carbon utilization technologies viable at a commercial scale, including carbon waste stream availability, economics, market capacity, energy, and lifecycle requirements;</text></paragraph><paragraph id="HF2B40070B4E04F66A193A5BDD56E4FB1"><enum>(8)</enum><text>assess the major technical challenges associated with increasing the commercial viability of carbon reuse technologies, and identify the research and development questions that will address those challenges;</text></paragraph><paragraph id="H27D3E153BB384C60B49F87AF6BA7AE2C"><enum>(9)</enum><text>assess current research efforts, including basic, applied, engineering, and computational, that are addressing these challenges and identify gaps in the current research portfolio; and</text></paragraph><paragraph id="HBA824DEFDB1D4DF8B5BAEF55B4C48456"><enum>(10)</enum><text>develop a comprehensive research agenda that addresses both long- and short-term research needs and opportunities.</text></paragraph></subsection></section><section id="H8A6F1B4068814586B292E75C5D3A61EE"><enum>115.</enum><header>Advanced energy systems</header><text display-inline="no-display-inline">Subtitle F of title IX of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16291">42 U.S.C. 16291</external-xref> et seq.) is further amended by adding at the end the following:</text><quoted-block id="H6F50E8E8E3AB4C528C67922913762852" style="OLC"><section id="H7CCEA6DCC7834E8CA208D326815891A3"><enum>969A.</enum><header>Advanced energy systems</header><subsection id="HC87A27D894A9446A9F768245002D7F2E"><enum>(a)</enum><header>In general</header><text>The Secretary shall carry out a program of research, development, demonstration, and commercial application of technologies that represent a significant change in the methods used to generate electricity from fuels and that will enable a step change in performance, efficiency, and cost of electricity, and that reduce emissions from fossil fuel power generation in the following areas:</text><paragraph id="H250A80CDF7BC448C8596212CEBC1DC55"><enum>(1)</enum><text>High-efficiency turbines for any advanced power system that will lead to natural gas turbine combined cycle efficiency of 67 percent or combustion turbine efficiency of 50 percent.</text></paragraph><paragraph id="HFC3400EB513243C69A0F59B2764A3416"><enum>(2)</enum><text>Supercritical carbon dioxide, with an emphasis on developing directly fired and indirectly fired cycles in the next 10 years.</text></paragraph><paragraph id="H9CFC6F542B6E447C8E0A444F6E45E786"><enum>(3)</enum><text>Advanced combustion systems, including oxy-combustion systems and chemical looping.</text></paragraph><paragraph id="HB729F5F543E34CCE8BEF772B963698AD"><enum>(4)</enum><text>Gasification systems to enable carbon capture, improve efficiency, and reduce capital and operating costs.</text></paragraph><paragraph id="HD77853CF0E254EACBAD746FFB9E9EA2B"><enum>(5)</enum><text>Thermal cycling with ramping or rapid black start capabilities that do not compromise efficiency or environmental performance.</text></paragraph><paragraph id="HC1E1EA100FA9494CB6C43E194BBD24D0"><enum>(6)</enum><text>Small-scale and modular technologies with reduced carbon outputs or carbon capture that can support incremental power generation capacity needs.</text></paragraph><paragraph id="H157D764D11CD4A9091C58804ED03897D"><enum>(7)</enum><text>Turbines and other technology for the use of hydrogen and ammonia generated from fossil fuels for power generation.</text></paragraph></subsection><subsection id="H6C9D51D878AB41C4845F5D9D5B5B0FE7"><enum>(b)</enum><header>Priority</header><text>In carrying out the program under subsection (a), the Secretary shall give priority to potentially transformational technologies that would enable very substantial improvements in performance, efficiency, or cost of electricity as compared to the technology in existence on the date of enactment of this section.</text></subsection><subsection id="H9B96819FEE8547D29C3DE16656A3BA1A"><enum>(c)</enum><header>Authorization of appropriations</header><text display-inline="yes-display-inline">For activities under this section, there are authorized to be appropriated to the Secretary $1,275,000,000 for each of fiscal years 2021 through 2025.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></section></subtitle><subtitle id="H33B4A85C293B425F903C08512114EAC9"><enum>B</enum><header>Deployment of Carbon Capture, Utilization, and Storage with Commercial-Scale Electricity Generation Facilities</header><section id="HB7B8C01D2A7A47DF94A4D9C5EB138B93"><enum>121.</enum><header>Deployment of carbon capture, utilization, and storage technology with commercial-scale electricity generation facilities</header><subsection id="HD6155E0EB29A44219A1CCB7B0B71BA01"><enum>(a)</enum><header>In general</header><text>Subtitle B of title IV of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/15971">42 U.S.C. 15971</external-xref> et seq.) is amended by adding after section 417 the following:</text><quoted-block id="HD57CE068D0714EACBD51D630C81C2173" style="OLC"><section id="H3D8F3ADD3FFB41D3B5B3E5E20FECD19B"><enum>418.</enum><header>Federal support for deployment of carbon capture, utilization, and storage with electricity generation</header><subsection id="HC9E31634FBA341BEB289B024B40AE8F7"><enum>(a)</enum><header>In general</header><text>Subject to the limitations in subsection (b), the Secretary shall provide support for deployment and use of carbon capture, utilization, and storage at commercial-scale electricity generation facilities by entering into a contract for differences, which may not exceed a term of more than 30 years, to provide price certainty for the sale of the electricity generated by, or carbon dioxide captured by, an eligible power system to a third party.</text></subsection><subsection id="H49820906027146CEB43E7F0CAAC0C5D2"><enum>(b)</enum><header>Limitations</header><paragraph id="H4E9A7795C54C4137AADB478D36B4BA52"><enum>(1)</enum><header>Initial cap</header><text>Except as provided in paragraph (2), the Secretary may not provide support described in subsection (a)—</text><subparagraph id="H9D1000104D7943C29F9D63D6AA42255A"><enum>(A)</enum><text>for eligible power systems with more than 3 gigawatt of cumulative electricity generating capacity; or</text></subparagraph><subparagraph id="HFCC87711517946AB93026BBB3A648225"><enum>(B)</enum><text>in a cumulative amount projected to have a value exceeding $10,000,000,000.</text></subparagraph></paragraph><paragraph id="H1A8D8AAE9A55494F8517B5CDE4714841"><enum>(2)</enum><header>Additional support required</header><text>If the Secretary determines, based on the study undertaken pursuant to subsection (c), that additional support for the commercial-scale deployment of carbon capture, utilization, and storage at electricity generation facilities beyond that provided under paragraph (1) is required to establish the market viability of carbon capture, utilization and storage consistent with the purposes of this title, the Secretary may provide support under subsection (a) for additional eligible power systems with not more than 8 gigawatts of additional cumulative electricity generating capacity.</text></paragraph></subsection><subsection id="HF29948E3820848FCA043890F2B30727B"><enum>(c)</enum><header>Study</header><text>The Secretary shall conduct a study to evaluate whether the support provided under subsection (a), combined with other Federal programs and policies and with commercial technology deployments, has established the market viability of using carbon capture, utilization, and storage at commercial-scale electricity generating facilities consistent with the purposes of this title. The study shall be initiated no later than the earlier of—</text><paragraph id="HC5D9EDB792AB4759B08E50C47B3BF5B1"><enum>(1)</enum><text>the date the Secretary reaches the initial cap on support for eligible power systems in subsection (b)(1); or</text></paragraph><paragraph id="HD1A9E1985A654D428818D7D398CA20E9"><enum>(2)</enum><text>the date that is 7 years after the date of enactment of this section.</text></paragraph></subsection><subsection id="H44CC942FCCA94BCCAD8A31F8097DBBFD"><enum>(d)</enum><header>Application</header><paragraph id="H539774F671C544848D504F7BD69A9B2C"><enum>(1)</enum><header>In general</header><text>An entity seeking support provided under subsection (a) shall submit to the Secretary an application at such time and in such manner as the Secretary may require.</text></paragraph><paragraph id="H4D5FDD15BA7A43678B1EBC1F09B90AD8"><enum>(2)</enum><header>Criteria</header><text>In evaluating such an application, the Secretary shall consider technical, financial, and other factors that the Secretary determines appropriate.</text></paragraph></subsection><subsection id="H6F716F35123C429594447055EEC89E69"><enum>(e)</enum><header>Considerations</header><text>In implementing subsection (a), the Secretary shall seek to support the use of carbon capture, utilization, and storage with projects covering diverse fuel types and technologies, including first-of-its-kind technology for carbon capture, utilization, and storage capacity.</text></subsection><subsection id="HCEF87E535EB84224B88A82C4CC054E4E"><enum>(f)</enum><header>Definitions</header><text>In this section:</text><paragraph id="HACFCF15EF8BC41E59629B410E30FE294"><enum>(1)</enum><header>Power system</header><text>The term <term>power system</term> means an electricity generating unit that utilizes fossil fuels to generate electricity that is provided to the electric grid or directly to a consumer.</text></paragraph><paragraph id="H60E407F01BDF4E958676446842001D54"><enum>(2)</enum><header>Eligible power system</header><text>The term <term>eligible power system</term> means a power system that—</text><subparagraph id="H9AAC23EA453F4229B587AEAD86521903"><enum>(A)</enum><text>is equipped with carbon capture technology, or otherwise produces a separate carbon dioxide stream that is suitable for utilization or storage;</text></subparagraph><subparagraph id="H3EE9AC0C7E0F4F8388D7BE4302972063"><enum>(B)</enum><text>is designed to capture carbon dioxide that would otherwise be emitted by the power system; and</text></subparagraph><subparagraph id="HB1053672ED1942A1A43EAFA423DAF671"><enum>(C)</enum><text>will utilize or store the captured carbon dioxide, or has contracted with one or more other entities to utilize or store the captured carbon dioxide.</text></subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H73107C801C8C4A51A7F430541442CF46"><enum>(b)</enum><header>Table of contents amendment</header><text>The table of contents for the Energy Policy Act of 2005 is amended by adding after the item relating to section 417 the following:</text><quoted-block id="H675800F7E08D4CCF864899FE948E3185" style="OLC"><toc regeneration="no-regeneration"><toc-entry level="section">Sec. 418. Federal support for deployment of carbon capture, utilization, and storage with electricity generation.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section></subtitle><subtitle id="HEA08FC039B5047FAB6E9042D94B0EBB1"><enum>C</enum><header>Federal Support for Commercial Deployment of Carbon Capture, Utilization, and Storage</header><section id="HB439018C26684BE9B327D000741B5861"><enum>131.</enum><header>Enhancement of carbon dioxide sequestration credit</header><subsection id="H36261D95859D4282A66915E915F0293E"><enum>(a)</enum><header>Extension of credit period</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/45Q">Section 45Q(a)</external-xref> of the Internal Revenue Code of 1986 is amended—</text><paragraph id="H28ABA2E1E2AC4F5281A5A55D8D0C135D"><enum>(1)</enum><text>by striking <quote>12-year</quote> in paragraph (3)(A) and inserting <quote>20-year</quote>; and</text></paragraph><paragraph id="H499B4E512AD7421CA88F58B3864AC17D"><enum>(2)</enum><text>by striking <quote>12-year</quote> in paragraph (4)(A) and inserting <quote>20-year</quote>.</text></paragraph></subsection><subsection id="H3749F40B40A3449397F71B3CAA7207BA"><enum>(b)</enum><header>Extension of qualified facility construction beginning date</header><text>Section 45Q(d)(1) of such Code is amended by striking <quote>January 1, 2024</quote> and inserting <quote>January 1, 2033</quote>.</text></subsection></section><section id="H534D7D379EFC4031A560C8923C0DA033"><enum>132.</enum><header>Reform of loan guarantee program</header><text display-inline="no-display-inline">Section 1703 of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16513">42 U.S.C. 16513</external-xref>) is amended—</text><paragraph id="H4E73055117A248949A2576107D932478"><enum>(1)</enum><text>by striking subsection (e) and inserting the following:</text><quoted-block id="H025C2A20995448BE881038528D05BCF8" style="OLC"><subsection id="H6A2342F51B184688B0BAC32ABCE75686"><enum>(e)</enum><header>Qualification of facilities receiving tax credits or financial assistance</header><text>Notwithstanding any other provision of law, a project that receives tax credits or other financial assistance for clean coal technology shall not be disqualified from receiving a guarantee under this subchapter.</text></subsection><after-quoted-block>; and</after-quoted-block></quoted-block></paragraph><paragraph id="H2A290B6EF3D74194807172EDE594AE7A"><enum>(2)</enum><text>by inserting the following new subsection after subsection (e):</text><quoted-block id="HDA93926DA69E444791FAC38446460C36" style="OLC"><subsection id="H5121BAC5C877435C8AD31C72B8B5C856"><enum>(f)</enum><header>Implemention</header><text>In implementing the authority under this section with respect to loan guarantees issued after the date of enactment of the <short-title>Clean Energy Future Through Innovation Act of 2020</short-title>, the Secretary shall—</text><paragraph id="H639DAD7B206F42A6AD29480CCED255CC"><enum>(1)</enum><text>adjust fees and application requirements to the scale of a project to ensure that the costs of preparing and submitting an application are not an undue barrier to participation by smaller, lower risk projects;</text></paragraph><paragraph id="H4262F9C2D6F54341B213C8F1B14A1C96"><enum>(2)</enum><text>ensure that program credit rating requirements do not, as applied, act as an obstacle to participation in the loan guarantee program by first-of-a-kind projects, consistent with the purpose of the loan guarantee program to enable debt financing for first-of-a-kind projects that would not otherwise have access to commercial debt markets; and</text></paragraph><paragraph id="HE339B331E8814038B3B93C38C0DCB2CA"><enum>(3)</enum><text>for first-of-a-kind projects, cover the cost of the guarantee with appropriated funds rather than requiring the borrower to pay some or all of the cost of the guarantee under section 1702(b).</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></section><section id="H9CE8272B95364F399321A4F7414938D7"><enum>133.</enum><header>Private activity bonds for carbon dioxide capture facilities</header><subsection id="H797163402C1C49D2BE2C042C9F5096CC"><enum>(a)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/142">Section 142(a)</external-xref> of the Internal Revenue Code of 1986 is amended by striking <quote>or</quote> at the end of paragraph (14), by striking the period at the end of paragraph (15) and inserting <quote>, or</quote>, and by adding at the end the following new paragraph:</text><quoted-block id="HE2C467EA63734FB5928D05C181505B89" style="OLC"><paragraph id="H291874EA584D47D1BC3D05294C1AC47E"><enum>(16)</enum><text>qualified carbon dioxide capture facilities.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H8ABD442F477B4D5B90D6F4C08D47D366"><enum>(b)</enum><header>Qualified carbon dioxide capture facility</header><text>Section 142 of such Code is amended by adding at the end the following new subsection:</text><quoted-block id="H9FEC39B4417A43EF9352E970989BE5E8" style="OLC"><subsection id="H1727E74D2F514D2A88B6E66ABF0494FB"><enum>(n)</enum><header>Qualified carbon dioxide capture facility</header><paragraph id="HE26B4F2EC8324E11AF43F5BA794C0496"><enum>(1)</enum><header>In general</header><text>For purposes of subsection (a)(16), the term <quote>qualified carbon dioxide capture facility</quote> means the eligible components of an industrial carbon dioxide facility.</text></paragraph><paragraph id="HCF151BE8831745DC882DBCFD97543883"><enum>(2)</enum><header>Definitions</header><text>For purposes of this subsection—</text><subparagraph id="HE0F15E4F914B482AA453AB27A29E2FEE"><enum>(A)</enum><header>Eligible component</header><text>The term <quote>eligible component</quote> means, with respect to any industrial carbon dioxide facility, any component installed in such facility that—</text><clause id="HD4CD7883D1E1435BA314E4B4F73844D2"><enum>(i)</enum><text>satisfies the requirements under paragraph (3), and</text></clause><clause id="HE41BD2A92B714DD3893E1D050B201E9B"><enum>(ii)</enum><subclause commented="no" display-inline="yes-display-inline" id="H032408B802794AEEBBAC6D317C0C5115"><enum>(I)</enum><text>is used for the purpose of capture, treatment and purification, compression, transportation, or on-site storage of carbon dioxide produced by such facility, or</text></subclause><subclause id="HBC992D6EAEE34CE7B64A2C5F6281BEE5" indent="up1"><enum>(II)</enum><text>is integral or functionally related and subordinate to a process described in section 48B(c)(2) (determined by substituting <quote>carbon dioxide</quote> for <quote>carbon monoxide</quote>).</text></subclause></clause></subparagraph><subparagraph id="HD6B5B5C99E604CA284224F2ADE85EA3E"><enum>(B)</enum><header>Industrial carbon dioxide facility</header><clause id="HC58056C8EC754E13AB0B7779A1C88012"><enum>(i)</enum><header>In general</header><text>The term <quote>industrial carbon dioxide facility</quote> means a facility that emits carbon dioxide (including from any fugitive emissions source) that is created as a result of any of the following processes:</text><subclause id="H005C9EAD7E7D48038B15D6018400EAFD"><enum>(I)</enum><text>Fuel combustion for electricity generation or other purposes.</text></subclause><subclause id="H2F7EB36233A44CC2A33FBE9219E9B5C8"><enum>(II)</enum><text>Gasification for electricity generation or other purposes.</text></subclause><subclause id="H6B731442F022488C8076D64C77C9F246"><enum>(III)</enum><text>Bioindustrial.</text></subclause><subclause id="H2189417D93EE42F28B16CD6095750200"><enum>(IV)</enum><text>Fermentation.</text></subclause><subclause id="H212C26D0B438425389A240D295CEFEA4"><enum>(V)</enum><text>Any manufacturing industry described in section 48B(c)(7).</text></subclause></clause><clause id="HC208607EBDBC4D6ABE6C054D1DB744A1"><enum>(ii)</enum><header>Exceptions</header><text>Such term shall not include—</text><subclause id="H8BA86C50F3CC4375A90F56E847779F90"><enum>(I)</enum><text>any geological gas facility, or</text></subclause><subclause id="H70A5841F4C344626A4154BB484797957"><enum>(II)</enum><text>any air separation unit that does not qualify as gasification equipment or is not a necessary component of an oxy-fuel combustion process, a supercritical carbon dioxide process, or other advanced power system.</text></subclause></clause><clause id="HBE8C9912CCBC4C0F8887F4F1A4EB8454"><enum>(iii)</enum><header>Geological gas facility</header><text>The term <quote>geological gas facility</quote> means a facility that—</text><subclause id="H888200A5E3F34E85A4FFA585743A74B5"><enum>(I)</enum><text>produces a raw product consisting of gas or mixed gas and liquid from a geological formation,</text></subclause><subclause id="H2CB78038A9584161863BA61AB17B26EE"><enum>(II)</enum><text>transports or removes impurities from such product, or</text></subclause><subclause id="HA9D5A2270E554F8E9250EA376049F992"><enum>(III)</enum><text>separates such product into its constituent parts.</text></subclause></clause></subparagraph></paragraph><paragraph id="H9F1D8777A84045D2ACD68119D64CD0AA"><enum>(3)</enum><header>Capture and storage requirement</header><text>For purposes of this subsection—</text><subparagraph id="H08B002A393DF4E4E9A20A830DECF9DA7"><enum>(A)</enum><header>In general</header><text>Except as provided in subparagraph (B), a component shall not be treated as meeting the requirements of this paragraph with respect to an industrial carbon dioxide facility unless such component has a capture and storage percentage that is at least 65 percent.</text></subparagraph><subparagraph id="H10800DE15E1D4BFB951CF0C00FF86D78"><enum>(B)</enum><header>Exception</header><text>In the case of an industrial carbon dioxide facility with a capture and storage percentage that is less than 65 percent, a component with respect to such facility shall not be treated as meeting the requirements of this paragraph unless the percentage of the cost of such component that is financed by tax-exempt bonds is not greater than such capture and storage percentage.</text></subparagraph><subparagraph id="H89B35F2C9CB84BDFBF1F99A0BEDF04D3"><enum>(C)</enum><header>Capture and storage percentage</header><clause id="H085F4A31F3F448F5B442755828DF2C01"><enum>(i)</enum><header>In general</header><text>The capture and storage percentage shall be an amount, expressed as a percentage, equal to the quotient of—</text><subclause id="H115B24ACBEE148EF84DEEB73191BBF1F"><enum>(I)</enum><text>the total metric tons of carbon dioxide annually captured, transported, and injected into a facility for geologic storage, or an enhanced oil or gas recovery well followed by geologic storage, divided by</text></subclause><subclause id="H9A1022ABBAD54FABB34CA8601FE9B72E"><enum>(II)</enum><text>the total metric tons of carbon dioxide which would otherwise be released into the atmosphere each year as industrial emission of greenhouse gas if the component were not installed in the industrial carbon dioxide facility.</text></subclause></clause><clause id="H8D097131C89E4FA982B15D5A3CB9C77E"><enum>(ii)</enum><header>Limited application of eligible components</header><text>In the case of eligible components that are designed to capture carbon dioxide solely from specific sources of emissions or portions thereof within an industrial carbon dioxide facility, the capture and storage percentage under this subparagraph shall be determined based only on such specific sources of emissions or portions thereof.</text></clause></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="HDA44BF93C94D453093B7246891D1C820"><enum>(c)</enum><header>Volume cap</header><text>Section 146(g)(4) of such Code is amended by striking <quote>paragraph (11) of section 142(a) (relating to high-speed intercity rail facilities)</quote> and inserting <quote>paragraph (11) or (16) of section 142(a)</quote>.</text></subsection><subsection id="HC38194A160CE47A68BEE84EC4788CA4F"><enum>(d)</enum><header>Clarification of private business use</header><text>Section 141(b)(6) of such Code is amended by adding at the end the following new subparagraph:</text><quoted-block id="H833C94CAE76E4C638229A8892494A62C" style="OLC"><subparagraph id="HEE223407C1E347B4A043DE7B6294E786"><enum>(C)</enum><header>Clarification relating to qualified carbon dioxide capture facilities</header><text>For purposes of this subsection, the sale of carbon dioxide produced by a qualified carbon dioxide capture facility (as defined in section 142(n)) which is owned by a governmental unit shall not constitute private business use.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H25AF85C5FFBA4E5FA3E3B4EAA8F009D0"><enum>(e)</enum><header>Effective date</header><text>The amendments made by this section shall apply to obligations issued after the date of enactment of this Act.</text></subsection></section><section id="HC61DC0E636F64251A15108EB1F47ABA6"><enum>134.</enum><header>Extension of publicly traded partnership ownership structure</header><subsection id="H381930411212498E8ED8B36BFB74925E"><enum>(a)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/7704">Section 7704(d)(1)(E)</external-xref> of the Internal Revenue Code of 1986 is amended—</text><paragraph id="HA9738FC901D64ECF808A8745D53EA692"><enum>(1)</enum><text>by striking <quote>income and gains derived from the exploration</quote> and inserting </text><quoted-block id="HCCF86579FAA246EB8E5696FB2265B682" style="OLC" display-inline="yes-display-inline"><text>income and gains derived from any of the following:</text><clause id="H3023A319E9C242AAB1329F9B6E192DE7"><enum>(i)</enum><text>The exploration</text></clause><after-quoted-block>; and</after-quoted-block></quoted-block></paragraph><paragraph id="H6C77D867B31E4D4DA9DBC57FB8EE5FF0"><enum>(2)</enum><text>by inserting a period after <quote>40A(d)(1)</quote> and inserting thereafter the following:</text><quoted-block id="H90F0CD0BA28F49ED96EB72814BE5CB48" style="OLC"><clause id="H666C5F5B52854F03AF6F016ACDEC28B9"><enum>(ii)</enum><text>The production, storage, or transportation of any fuel which—</text><subclause id="H3781B252E0CE4474B29FC5BA9E3D1867"><enum>(I)</enum><text>uses carbon dioxide captured from an anthropogenic source or the atmosphere as its primary feedstock, and</text></subclause><subclause id="H822BE440CCAC45918507C9B3B9519EF6" commented="no"><enum>(II)</enum><text>is determined by the Secretary, in consultation with the Secretary of Energy and the Administrator of the Environmental Protection Agency, to achieve a reduction of not less than a 60 percent in lifecycle greenhouse gas emissions (as defined in section 211(o)(1)(H) of the Clean Air Act) compared to baseline lifecycle greenhouse gas emissions (as defined in section 211(o)(1)(C) of such Act).</text></subclause><continuation-text continuation-text-level="clause">This clause shall not apply to any fuel which uses as its primary feedstock carbon dioxide which is deliberately released from naturally occurring subsurface springs. </continuation-text></clause><clause id="H1A409BEFDC6A4E37B010B41A073A2FC0"><enum>(iii)</enum><text>The production of any product or the generation of electric power from a project—</text><subclause id="H85979DA80707490E8A8ADB4ABA69AD0A"><enum>(I)</enum><text>which meets the requirements of subparagraphs (A) and (B) of section 48B(c)(1), and</text></subclause><subclause id="H75AEAEB46300486782EBAD4A7E2E7851"><enum>(II)</enum><text>not less than 75 percent of the total carbon dioxide emissions of which is qualified carbon oxide (as defined in section 45Q(c)) which is disposed of or utilized as provided in paragraph (6).</text></subclause></clause><clause id="HE12C548012E04BFCA30887B095A34DE1" commented="no" display-inline="no-display-inline"><enum>(iv)</enum><text>The generation or storage of electric power (including associated income from the sale or marketing of energy, capacity, resource adequacy, and ancillary services) produced from any power generation facility which is, or from any power generation unit within, a qualified facility under section 45Q(d) and not less than 50 percent (30 percent in the case of a facility or unit placed in service before January 1, 2017) of the total carbon dioxide emissions of which is qualified carbon oxide which is disposed of or utilized as provided in paragraph (7).</text></clause><clause id="H8FE9E27C840744BA821AF7C0FB17C4C9" commented="no"><enum>(v)</enum><text>The sale of any good or service from any facility (other than a power generation facility) which is a qualified facility described in section 45Q(c) and the captured qualified carbon oxide (as so defined) of which is disposed of as provided in paragraph (6).</text></clause><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="HE7650CBD4D5544FEBA20DF2782837550"><enum>(b)</enum><header>Disposal and utilization of captured carbon dioxide</header><text>Section 7704(d) of such Code is amended by adding at the end the following new paragraph:</text><quoted-block id="H7E1D46CAA0CB4EE487B8CB9423B31ABA" style="OLC"><paragraph id="H175EA2149BE645F8A0FFC1FF77CEA958"><enum>(6)</enum><header>Disposal and utilization of captured carbon dioxide</header><text>For purposes of clauses (iii)(II) and (iv)(II) of paragraph (1)(E), carbon dioxide is disposed of or utilized as provided in this paragraph if such carbon dioxide is—</text><subparagraph id="H92F4C82FF3114DD187F594CF285E1369"><enum>(A)</enum><text>placed into secure geological storage (as determined under section 45Q(f)(2)),</text></subparagraph><subparagraph id="HCAFA2A34C8CB44B3B3D7E6E21279FC74"><enum>(B)</enum><text>used as a tertiary injectant (as defined in section 45Q(e)(3)) in a qualified enhanced oil or natural gas recovery project (as defined in section 45Q(e)(2)) and placed into secure geological storage (as so determined),</text></subparagraph><subparagraph id="H412B7049666245CF96A4E738E893EDC2"><enum>(C)</enum><text>fixed through photosynthesis or chemosynthesis (including through the growing of algae or bacteria),</text></subparagraph><subparagraph id="H36ACC5DED37A48BEBDE3A03279214AE0"><enum>(D)</enum><text>chemically converted to a material or chemical compound in which it is securely stored, or</text></subparagraph><subparagraph id="H2799B7D36347434899A713D3F150B4D0"><enum>(E)</enum><text>used for any other purpose which the Secretary determines has the potential to strengthen or significantly develop a competitive market for carbon dioxide captured from man-made sources.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H4E456B17FBD8487981849F6379F9D31A" commented="no"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall take effect on the date of the enactment of this Act, in taxable years ending after such date.</text></subsection></section><section id="HA6EF0E70F2F94C768AA3AD772C22ABF8"><enum>135.</enum><header>Production tax credit for certain electricity generation using carbon capture utilization and storage</header><subsection id="HA641CD3192DC4F43B9FEF9B4C6974FED"><enum>(a)</enum><header>In general</header><text>Subpart D of part IV of subchapter A of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/1">chapter 1</external-xref> of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:</text><quoted-block id="HB800B8EBB15549E889D8977275E4939D" style="OLC"><section id="HC43F837B73014DC5877468A14646DC01"><enum>45U.</enum><header>Electricity produced using carbon capture utilization and storage technology</header><subsection id="HF385C8534DE4494B95E90F01FC4C9E01"><enum>(a)</enum><header>General rule</header><text>For purposes of section 38, the carbon capture production credit for any taxable year is an amount equal to—</text><paragraph id="HF68163DAA2E246AB8232BA0F83CC3187"><enum>(1)</enum><text>in the case of a qualified facility using fossil fuels, the product of—</text><subparagraph id="HE927BC5C899A41918DCB6C2564FFBA8A"><enum>(A)</enum><text>the megawatt hours of electricity—</text><clause id="H82E61E5785AD42FAB08CA470FB742C79"><enum>(i)</enum><text>produced by the taxpayer at a qualified facility during the 20-year period beginning on the date the facility was originally placed in service, and</text></clause><clause id="HDADE5235F7F5426F935E2D1AE3A0C3DF"><enum>(ii)</enum><text>sold by the taxpayer to an unrelated person during the taxable year, multiplied by</text></clause></subparagraph><subparagraph id="HBF0DEF43336D4F69ACEE0A63A2B5D165"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="H331BD6BDA54A428E9E704F0E7A9B7C50"><enum>(i)</enum><text>$30 per megawatt hour in the case of a qualified facility storing carbon in secure geological storage, or</text></clause><clause id="H839AF3FAED30456F9F40B2EF6C060982" indent="up1"><enum>(ii)</enum><text>$24 per megawatt hour in the case of a qualified facility using captured carbon oxide as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, multiplied by</text></clause></subparagraph><subparagraph id="H1ADFEBD767AC4522928D05348690B950"><enum>(C)</enum><text>the discount factor,</text></subparagraph></paragraph><paragraph id="H3FE7635073F34E1387C70C8CCDF880F9"><enum>(2)</enum><text>in the case of electricity generation facilities using exclusively qualified hydrogen, qualified ammonia, or qualified blends, the product of—</text><subparagraph id="HB0E536C885F14D8299153DB76A7523F1"><enum>(A)</enum><text>the megawatt hours of electricity—</text><clause id="H66E9AD0FB29C4C6E99FA878DE9FADBC4"><enum>(i)</enum><text>produced by the taxpayer at a qualified facility during the 20-year period beginning on the date the facility was originally placed in service, and</text></clause><clause id="H746F964566C64705A14233FD2884E045"><enum>(ii)</enum><text>sold by the taxpayer to an unrelated person during the taxable year, multiplied by</text></clause></subparagraph><subparagraph id="H472F5F3F44FF4423B961259B9BDE66CF"><enum>(B)</enum><text>$100 per megawatt hour.</text></subparagraph></paragraph></subsection><subsection id="H68892C28E75E42EEA04FE06F3986393C"><enum>(b)</enum><header>Definitions</header><text>For purposes of this section:</text><paragraph id="HE4EBE3695A9844DDA0F10E14F2160037"><enum>(1)</enum><header>Discount factor</header><text>The term <quote>discount factor</quote> means an amount equal to 90 divided by the annual carbon dioxide emissions rate expressed in pounds per megawatt-hour for a qualified facility, except that—</text><subparagraph id="HA49317B8FC4B416EB01B4CF42857D03E"><enum>(A)</enum><text>if the annual carbon dioxide emissions rate for a qualified facility is less than 90 pounds per megawatt-hour, the discount factor is equal to 1, and</text></subparagraph><subparagraph id="H9035694E65EB4C59B678973F960F7037"><enum>(B)</enum><text>if the annual carbon dioxide emissions rate for a qualified facility is greater 180 pounds per megawatt-hour, the discount factor is equal to 0.</text></subparagraph></paragraph><paragraph id="H427820F9BEF14DCB82DA161264EDC223"><enum>(2)</enum><header>Qualified ammonia</header><text>The term <quote>qualified ammonia</quote> means ammonia fuel produced with less than 17.5 pounds of carbon dioxide emissions per million Btu of gross fuel heating value.</text></paragraph><paragraph id="HA2AE28406FEC4469B04BDE5847012037"><enum>(3)</enum><header>Qualified blend</header><text>The term <quote>qualified blend</quote> means a blend of qualified hydrogen or qualified ammonia with fossil fuel in which the fossil fuel provides no more than 30 percent of the heating value input.</text></paragraph><paragraph id="H0E10CB7A4E484B28837C11D5F8E9EF64"><enum>(4)</enum><header>Qualified facility</header><text>The term <quote>qualified facility</quote> means an electricity generation plant that—</text><subparagraph id="HC5A6469C8EB1407495D7E2DF4EEA8723"><enum>(A)</enum><text>is equipped with carbon capture equipment, the construction of which commenced before January 1, 2033,</text></subparagraph><subparagraph id="H4CC6591EB1CD400082B6DCDAEEC680A5"><enum>(B)</enum><text>captures carbon oxide using carbon capture equipment,</text></subparagraph><subparagraph id="H22ECABADE3DA4651817D100FC9CFC46B"><enum>(C)</enum><text>stores captured carbon oxide in secure geological storage or uses captured carbon oxide as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, and</text></subparagraph><subparagraph id="HD19D87CE545F4B5A8F19A325F7704350"><enum>(D)</enum><text>has not been the basis for a credit received under section 45Q.</text></subparagraph></paragraph><paragraph id="H9AA2E2DD007044DEA14C2302B27E4C0C"><enum>(5)</enum><header>Qualified hydrogen</header><text>The term <quote>qualified hydrogen</quote> means hydrogen fuel produced with less than 17.5 pounds of carbon dioxide emissions per million Btu of gross fuel heating value.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="HB037155A9E8A4C12BD4EB60BDB755021"><enum>(b)</enum><header>Part of general business credit</header><text>Section 38(B) of such Code is amended by striking <quote>plus</quote> at the end of paragraph (32), by striking the period at the end of paragraph (33) and inserting <quote>, plus</quote>, and by adding at the end the following new paragraph:</text><quoted-block id="H40BF237642AA457190F85718627F6E97" style="OLC"><paragraph id="H5640D40A5B234A69888BCC30AA3B59C9"><enum>(34)</enum><text>the carbon capture production credit under section 45U(a).</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H811D5D60D58044F2AC40D35A93A16FBB"><enum>(c)</enum><header>Clerical amendment</header><text>The table of sections for subpart D of part IV of subchapter A of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/1">chapter 1</external-xref> is amended by adding at the end the following new item:</text><quoted-block style="OLC" id="HE25E49AA1A314A58BC2F18814584B7DB" display-inline="no-display-inline"><toc regeneration="no-regeneration"><toc-entry level="section">Sec. 45U. Electricity produced using carbon capture utilization and storage technology.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H64AFE72FE7834FCC916744FE323A0099"><enum>(d)</enum><header>Effective date</header><text>The amendments made by this section shall apply with respect to electricity sold and produced after the date of the enactment of this Act.</text></subsection></section><section id="H6AA625309D564197A694EAF73A3FD1EC"><enum>136.</enum><header>Elective payment of credit</header><subsection id="HFCEFEA7C7E0C4C12A4E4ADF6D26F0630"><enum>(a)</enum><text>Subchapter B of chapter 65 of the Internal Revenue Code is amended by adding at the end the following new section:</text><quoted-block id="H5895209EC68F40E49F149BE38B790D1F" style="OLC"><section id="HB24BF3EB7D7F4F8AB42BCB9E00A42BDB"><enum>6431.</enum><header>Elective payment of credits relating to carbon oxide sequestration</header><subsection id="H4DD464483FB14BFA9C07C4C4FD917E91"><enum>(a)</enum><header>Election</header><text>In the case of a taxpayer making an election (at such time and in such manner as the Secretary may provide) under this section with respect to any portion of an applicable credit, such taxpayer shall be treated as making a payment against the tax imposed by subtitle A for the taxable year equal to the amount of such portion.</text></subsection><subsection id="HD648C7CC38D94296A6800768AF20FDDE"><enum>(b)</enum><header>Definitions and special rules</header><text>For purposes of this section—</text><paragraph id="H459A8DCD1E364E86BE7FBB183C825B07"><enum>(1)</enum><header>Governmental entities treated as taxpayers</header><text>In the case of an election under this section—</text><subparagraph id="HFEBD361F65654DDBB382A0C6F4DC3285"><enum>(A)</enum><text>any State or local government, or a political subdivision thereof, or</text></subparagraph><subparagraph id="H9BC82ECD490B404AA96DC1AF17736AAF"><enum>(B)</enum><text>an Indian Tribal government,</text></subparagraph><continuation-text continuation-text-level="paragraph">shall be treated as a taxpayer for purposes of this section and determining any applicable credit. </continuation-text></paragraph><paragraph id="HD8E4993219B24386911F986996ED8CC3"><enum>(2)</enum><header>Applicable credit</header><text>The term <quote>applicable credit</quote> means each of the following credits that would (without regard to this section) be determined with respect to the taxpayer:</text><subparagraph id="H5F954E3C583343D39DA355DD99E0BE31"><enum>(A)</enum><text>A carbon oxide sequestration credit under section 45Q.</text></subparagraph><subparagraph id="H9442F159A2D94454930E863CF9FC26D7"><enum>(B)</enum><text>A carbon capture production credit under section 45U.</text></subparagraph></paragraph><paragraph id="H4E3808B3DF4F4F7387EE639C161DCB38"><enum>(3)</enum><header>Indian tribal government</header><text>The term <quote>Indian Tribal government</quote> shall have the meaning given such term by section 139E.</text></paragraph><paragraph id="H5E797E29B2F74AB8B8753D774420B2A3"><enum>(4)</enum><header>Timing</header><text>The payment described in subsection (a) shall be treated as made on—</text><subparagraph id="HCB854CE6285D4C71ABE96343A596AE7B"><enum>(A)</enum><text>in the case of any government, or political subdivision, to which paragraph (1) applies and for which no return is required under section 6011 or 6033(a), the later of the date that a return would be due under section 6033(a) if such government or subdivision were described in that section or the date on which such government or subdivision submits a claim for credit or refund (at such time and in such manner as the Secretary shall provide), and</text></subparagraph><subparagraph id="HF70E21142F8948009A073D1CD9BCA347"><enum>(B)</enum><text>in any other case, the later of the due date of the return of tax for the taxable year or the date on which such return is filed.</text></subparagraph></paragraph><paragraph id="H2BCA8EF7CD5B4A30BD0FC045285BE215"><enum>(5)</enum><header>Waiver of special rules</header><text>In the case of an election under this section, the determination of any applicable credit shall be without regard to paragraphs (3) and (4)(A)(i) of section 50(b).</text></paragraph></subsection><subsection id="HF7D70564D3E44157B848C0B6E71322A1"><enum>(c)</enum><header>Exclusion from gross income</header><text>Gross income of the taxpayer shall be determined without regard to this section.</text></subsection><subsection id="H541C31144FCF43DA847F2172769E146E"><enum>(d)</enum><header>Denial of double benefit</header><text>Solely for purposes of section 38, in the case of a taxpayer making an election under this section, the applicable credit shall be reduced by the amount of the portion of such credit with respect to which the taxpayer makes such election.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H1AA50C1A5D674E9EA02D97DD56085D9B"><enum>(b)</enum><header>Clerical amendment</header><text>The table of sections for subchapter B of chapter 65 is amended by adding at the end the following new item:</text><quoted-block style="OLC" id="HB5880876EA3642769BB2C62494C351A4" display-inline="no-display-inline"><toc regeneration="no-regeneration"><toc-entry level="section">Sec. 6432. Elective payment of credits related to carbon oxide sequestration.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section></subtitle><subtitle id="H215757020B4A446FB26C01F38BD98595"><enum>D</enum><header>Support for Carbon Dioxide Transportation and Sequestration Infrastructure</header><section id="HC59FFB5519C14AB09262F31E0AC61995"><enum>141.</enum><header>Securing geologic reservoirs for carbon dioxide</header><subsection id="H590D3BC3AB9F45A3A5C953DD6B8616DA"><enum>(a)</enum><header>In general</header><text>Subtitle B of title IV of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/15971">42 U.S.C. 15971</external-xref> et seq.) is further amended by adding after section 418 (as added by this Act) the following new section:</text><quoted-block id="HD39C77F295854D8EABAA40E5816B99C7" style="OLC"><section id="H1D40BAA2307D469F8474DFF3C1A02B39"><enum>419.</enum><header>Securing geologic reservoirs for storage of carbon dioxide</header><subsection id="H9C15892FE50743899F263663AA0CE818"><enum>(a)</enum><header>In general</header><text>The Secretary shall establish a program to—</text><paragraph id="HA5E4BA98ADB64C55ACEFF9A4427957C3"><enum>(1)</enum><text>identify geological formations that are capable of storing, cumulatively, at least 250,000,000 tons of carbon dioxide with a target storage cost of less than $10 per ton;</text></paragraph><paragraph id="HE134048A52C74394BF6C570D23C75406"><enum>(2)</enum><text>assess the cost of developing and operating a carbon dioxide sequestration facility at the geological formations identified under paragraph (1); and</text></paragraph><paragraph id="HAEB0C76E99294CB6B83D573B6A41C93D"><enum>(3)</enum><text>support the development of such carbon dioxide sequestration facility by providing grants or other appropriate financial assistance to storage facility developers to—</text><subparagraph id="HE9936D83C2D14E98B1C8749C8531839A"><enum>(A)</enum><text>secure property rights that are necessary to enable carbon dioxide storage in such geologic formations; and</text></subparagraph><subparagraph id="HEE0805C65EFB4578AF73FE0780367099"><enum>(B)</enum><text>obtain necessary permits and approval to enable carbon dioxide storage in such geologic formations.</text></subparagraph></paragraph></subsection><subsection id="HD2FD8901FF914FAB98941D1F18FEF5CF"><enum>(b)</enum><header>Geographic diversity</header><text>The Secretary shall carry out subsection (a) with the goal of supporting development of carbon dioxide sequestration facilities that are capable of storing significant volumes of carbon dioxide at reasonable cost in each of the regions covered by the regional carbon sequestration partnerships established pursuant to section 963.</text></subsection><subsection id="H8CA86A9C8F934283901D7E4475B18A09"><enum>(c)</enum><header>Application</header><text>An entity seeking a grant or other appropriate financial assistance provided under this section shall submit to the Secretary an application at such time and in such manner as the Secretary may require.</text></subsection><subsection id="H58877125181344E586944D07208A8982"><enum>(d)</enum><header>Cost sharing</header><text>The Secretary shall consider the activities described under subsection (a)(3) to be subject to the cost share requirement for demonstration and commercial application activities under section 988(c).</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="HF5781B26AA27440B89D4EDB616317DA6"><enum>(b)</enum><header>Table of contents amendment</header><text>The table of contents for the Energy Policy Act of 2005 is further amended by adding after the item relating to section 418 (as added by this Act) the following:</text><quoted-block id="H699ADA01BF8749569C2341BAC581D165" style="OLC"><toc regeneration="no-regeneration"><toc-entry level="section" bold="off">Sec. 419. Securing geologic reservoirs for storage of carbon dioxide.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section><section id="HBEF7911457D64333B5D177C756A8C673"><enum>142.</enum><header>Financial assistance for carbon dioxide sequestration infrastructure development</header><subsection id="H510DAC5478894380BFA81EA9D95F9BAD"><enum>(a)</enum><header>In general</header><text>Subtitle B of title IV of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/15971">42 U.S.C. 15971</external-xref> et seq.) is further amended by adding after section 419 (as added by this Act) the following new section:</text><quoted-block id="H769B9B0983CF4FCE83BE3ABB294A747E" style="OLC"><section id="HDDF442BAA2D84923ADBB409C90B26D64"><enum>420.</enum><header>Carbon dioxide sequestration infrastructure development</header><subsection id="H5B0BD2D5F7D1458A95B6253AE5BD8B25"><enum>(a)</enum><header>In general</header><text>The Secretary shall establish a program to provide grants to support—</text><paragraph id="H8A7FD817C6B54B7FA5126621EE9390C9"><enum>(1)</enum><text>the development of carbon dioxide pipeline infrastructure that is necessary to support the transportation of the volumes of carbon dioxide that are expected to be captured at electricity generation facilities to appropriate sites for long term sequestration, giving priority to pipeline projects of significant length and significant throughput capacity; and</text></paragraph><paragraph id="H613F69C8CDCD4476AA92A8908E2744EA"><enum>(2)</enum><text>the development of geologic sequestration facilities that are necessary to support long-term sequestration of the volumes of carbon dioxide that are expected to be captured at electricity generation facilities.</text></paragraph></subsection><subsection id="H7726C0DFEA174DB694022DEE2D32F50C"><enum>(b)</enum><header>Application</header><text>Applications for a grant provided under this section shall be submitted at such time and in such manner as the Secretary may require.</text></subsection><subsection id="H577891F00BF9419AA690CB47669DE0E2"><enum>(c)</enum><header>Cost sharing</header><text>The Secretary shall consider support for the development of carbon dioxide pipeline infrastructure or the development of geologic sequestration facility under subsection (a) to be subject to the cost share requirement for demonstration and commercial application activities under section 988(c).</text></subsection><subsection id="H0AC23B668448400DA942F108F966069B"><enum>(d)</enum><header>Authorization of appropriations</header><text>There are authorized to be appropriated to the Secretary to carry out this section $2,000,000,000 for each of fiscal years 2021 through 2025.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H1CF62BC6D0FD40F58DD22B02BEB935D7"><enum>(b)</enum><header>Table of contents amendment</header><text>The table of contents for the Energy Policy Act of 2005 is further amended by adding after the item relating to section 419 (as added by this Act) the following:</text><quoted-block id="H4D2961B34F3245999B8F21A2D574FBC7" style="OLC"><toc regeneration="no-regeneration"><toc-entry level="section">Sec. 420. Carbon dioxide sequestration infrastructure development.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section><section id="H35D17E505EDF4B169114976C67078E9B"><enum>143.</enum><header>Geologic carbon dioxide sequestration utilities</header><subsection id="H00D85D4399204547A3AA740D02DE5FE1"><enum>(a)</enum><header>In general</header><text>The Secretary, in collaboration with the Secretary of Transportation and the Administrator of the Environmental Protection Agency, as appropriate, may provide technical assistance to a State that is seeking to—</text><paragraph id="HF912251C61F749CE8E54515A803EF38E"><enum>(1)</enum><text>establish a government-owned carbon dioxide sequestration utility; or</text></paragraph><paragraph id="HF409376F67E1489B9516C3D752EDBE77"><enum>(2)</enum><text>regulate a privately owned carbon dioxide sequestration utility.</text></paragraph></subsection><subsection id="H210D0E95B4F44A40838CAC48D7AA6861"><enum>(b)</enum><header>Technical assistance</header><text>Technical assistance provided under subsection (a) may include—</text><paragraph id="H7829605F2AF7487786D6A590A6425CD7"><enum>(1)</enum><text>with respect to a government-owned carbon dioxide sequestration utility—</text><subparagraph id="HC3D3A04A93094CB59EA75B466CF3C7C4"><enum>(A)</enum><text>conducting engineering studies to support the development of a geologic sequestration facility; and</text></subparagraph><subparagraph id="H4B0ED3F246114D8FA92745C93AFABD56"><enum>(B)</enum><text>identifying potential carbon dioxide pipeline routes; and</text></subparagraph></paragraph><paragraph id="H73CA7FBF25194F5AAB410387377E9E2F"><enum>(2)</enum><text>with respect to State regulation of a privately owned carbon dioxide sequestration utility—</text><subparagraph id="HF143B39E5A154F8393E79AA3ED541F51"><enum>(A)</enum><text>helping with the development of a State permitting system for a privately owned carbon dioxide sequestration utility; and</text></subparagraph><subparagraph id="HC719C6EC07FE45BC9174288188CC7646"><enum>(B)</enum><text>assisting with the developing regulations for services provided by a privately owned carbon dioxide sequestration utility and the setting of rates charged for such services.</text></subparagraph></paragraph></subsection><subsection id="H67CEF52E4D2542ED84D5A5FB0C168865"><enum>(c)</enum><header>Report</header><text>Not later than 1 year of the date of enactment of this section, the Secretary shall submit to Congress a report that—</text><paragraph id="HBCD0C7950EA74CA7905DCD40624C9520"><enum>(1)</enum><text>characterizes Federal, State, and local regulations that apply to carbon dioxide pipeline and sequestration facility development and operation;</text></paragraph><paragraph id="H9A5992790D704C28BE281EAC141469AC"><enum>(2)</enum><text>identifies any gaps in applicable regulations or standards that need to be addressed to ensure that carbon dioxide pipeline and sequestration facilities are operated in a safe and effective manner;</text></paragraph><paragraph id="H0B7F67E03A3846A4B924DB273CA59889"><enum>(3)</enum><text>evaluates whether regulation of the rates or terms of service for carbon dioxide transportation services or geologic sequestration services are necessary to ensure fair access to such services;</text></paragraph><paragraph id="H8DDF17896AA949718ADE54059576BD8D"><enum>(4)</enum><text>evaluates whether eminent domain authority is necessary to enable development of carbon dioxide infrastructure in the public interest; and</text></paragraph><paragraph id="HF5CD0E2C9EA84C12A8127B2E76823F87"><enum>(5)</enum><text>provides recommended changes to Federal law that would support the development and use of carbon dioxide pipeline and geologic sequestration facilities in the public interest.</text></paragraph></subsection></section><section id="H3FFEACA2EBB44EF8A8E61D6BC0AEBF83"><enum>144.</enum><header>Coordinated Federal permitting for carbon dioxide pipeline and sequestration facilities</header><text display-inline="no-display-inline">Section 41001(6)(A) of the FAST Act (<external-xref legal-doc="usc" parsable-cite="usc/42/4370m">42 U.S.C. 4370m</external-xref> note(6)(A)) is amended by striking <quote>pipelines</quote> and inserting <quote>pipelines (including pipelines for the transportation of carbon dioxide), facilities for the geologic sequestration of carbon dioxide</quote>.</text></section><section id="H4DAFE3963E82480A99CA2D53470BCD54"><enum>145.</enum><header>Interagency task force on carbon dioxide pipelines</header><subsection id="H314C905A55D743A8BC03629104FBAF25"><enum>(a)</enum><header>In general</header><text>Not later than 90 days after the date of enactment of this section, the Secretary shall establish an interagency task force (in this section referred to as the <quote>Task Force</quote>) to assess the potential for a national system of carbon dioxide pipelines.</text></subsection><subsection id="HE21F26401A9E452EB57CBD2C7742EBFD"><enum>(b)</enum><header>Membership</header><text>The Task Force shall include representatives from each of the following:</text><paragraph id="H831144923E4E47DEA5487019074D3836"><enum>(1)</enum><text>The Department of Energy.</text></paragraph><paragraph id="H65FCDF711EE14ADFAD9F8BE4429C37D9"><enum>(2)</enum><text>The Department of the Interior.</text></paragraph><paragraph id="H96E99F4EB3FE44EA83671A2CEF518DFD"><enum>(3)</enum><text>The Environmental Protection Agency.</text></paragraph><paragraph id="H36DAE7E8DEE140AD90D436309DECA7AE"><enum>(4)</enum><text>The Department of Transportation.</text></paragraph><paragraph id="HC8D842E4DDA04CA082FF5852DB8ECC70"><enum>(5)</enum><text>The Federal Energy Regulatory Commission.</text></paragraph><paragraph id="H3F3803BCA44A4E80BBCF8B8A21FEC9AB"><enum>(6)</enum><text>State, local, and Tribal governments.</text></paragraph><paragraph id="H4BAF209076B14C5AAED2BF96F8D86031"><enum>(7)</enum><text>Any other Federal agency that the Secretary determines has a significant interest or role in development of a national system of carbon dioxide pipelines.</text></paragraph></subsection><subsection id="H1C00CD3402A04482BC073CDE2D1B839A"><enum>(c)</enum><header>Duties</header><text>The Task Force shall—</text><paragraph id="H2749431F178F43CE8DA45BA3CC0C81DE"><enum>(1)</enum><text>conduct annual public workshops to discuss the potential of, and progress towards, an accessible and functioning national system of carbon dioxide pipelines;</text></paragraph><paragraph id="HDF0A04D19A544757B0F53809069A228A"><enum>(2)</enum><text>provide to the public notice of such workshops not less than 60 days before the date on which each such workshop is conducted;</text></paragraph><paragraph id="H5ACD7A2185B04AB29D2925CEABE23EF0"><enum>(3)</enum><text>submit to Congress annual reports that summarize the activities and progress of the Task Force; and</text></paragraph><paragraph id="H2F1DF2229AE9442F90673E0D77CB4032"><enum>(4)</enum><text>as soon as practical, but not later than 5 years after the date on which the Task Force is established, submit to Congress a report that provides a plan to establish a national carbon dioxide pipeline system, which shall include—</text><subparagraph id="H90C6C34F0F8540478D33807E480FB4AC"><enum>(A)</enum><text>information and recommendations related to engineering, building, siting, constructing, and maintaining a national carbon dioxide pipeline system;</text></subparagraph><subparagraph id="HAFAB7008FEA24695A9874605AD6393D1"><enum>(B)</enum><text>recommendations for how to streamline the permitting process for new carbon dioxide pipelines;</text></subparagraph><subparagraph id="H1BCE02CB942249668CCC16E3BB183A0F"><enum>(C)</enum><text>information on how to integrate new carbon dioxide pipelines into existing carbon dioxide pipeline infrastructure;</text></subparagraph><subparagraph id="HA1B165AB7DE44DA38F8F6D06764306DF"><enum>(D)</enum><text>a determination on whether incentives or other policies are needed to encourage the utilization of the advanced leak detection and mitigation technology and monitoring capabilities for the national carbon dioxide pipeline system;</text></subparagraph><subparagraph id="H8C3E60ADE8824F7A82E74FB3CC9F725B"><enum>(E)</enum><text>recommendations for how to regulate the national carbon dioxide pipeline system to ensure safety and mitigate environmental impacts; and</text></subparagraph><subparagraph id="HDE5C247D276E4579A31579D7EFA24F10"><enum>(F)</enum><text>an identification of other Federal and State policy challenges related to the development of a national system of carbon dioxide pipelines.</text></subparagraph></paragraph></subsection><subsection id="HEF68F34435C44FD6BB5E23CD6D048119"><enum>(d)</enum><header>Sunset</header><text>This section shall cease to be effective on the date that is 5 years after the date on which the Task Force is established.</text></subsection></section></subtitle><enum>II</enum><header>Innovation in Renewable Energy, Energy Efficiency, and Storage</header><section id="H5BED383D00F74EF2B99D25C76633926E"><enum>201.</enum><header>Establishment of technology performance and cost targets</header><subsection id="HCFA82B9247A14E90891CE80293303E11"><enum>(a)</enum><header>In general</header><text>Not later than one year after the date of enactment of this section, the Secretary shall establish technology performance and cost targets for three 5-year periods to address existing gaps in technology, with the first such period starting on the date of enactment of this section and the last such period ending on the date that is 15 years following enactment.</text></subsection><subsection id="H7396B0BFEC334FE5B046FA3C430D9A94"><enum>(b)</enum><header>Targets</header><text>Technology and performance cost targets shall be established for each of the following technology categories:</text><paragraph id="H4DB8AAAA205E4937BB16A938F2D2BF68"><enum>(1)</enum><text>Advanced renewable power technologies, which include—</text><subparagraph id="HFF229EE0054F4B2FAE7298C38799D5D7"><enum>(A)</enum><text>large-scale, novel renewable power plants;</text></subparagraph><subparagraph id="H19029377CEBB4A89B677B043F1582587"><enum>(B)</enum><text>renewable hydrogen power plants, including plants for which the hydrogen comes from renewable natural gas or biogas;</text></subparagraph><subparagraph id="H6654C28E93924D758A875100EC96942F"><enum>(C)</enum><text>on-shore or off-shore wind power;</text></subparagraph><subparagraph id="H6364A0C67EE34AABB61FEF00C0B1D676"><enum>(D)</enum><text>thermal or photovoltaic solar power;</text></subparagraph><subparagraph id="H236961D6BBEB4FAB87A79C42D6DF381B"><enum>(E)</enum><text>hydropower;</text></subparagraph><subparagraph id="HCE23B2BD941345C1B53E12B7DFAF6C46"><enum>(F)</enum><text>geothermal power;</text></subparagraph><subparagraph id="H4EFD031FD5864B5DBD658067B0B210B8"><enum>(G)</enum><text>biomass power; and</text></subparagraph><subparagraph id="H148BAF3E879F46678349B28236B78025"><enum>(H)</enum><text>advanced renewable energy manufacturing techniques.</text></subparagraph></paragraph><paragraph id="HC0810BF5506A43389003E07383F000CD"><enum>(2)</enum><text>Mechanical, chemical, and thermal energy storage technologies, which include—</text><subparagraph id="H9CD928E3B560493BB47C5D2D7B7DADC0"><enum>(A)</enum><text>advanced grid-scale energy storage technologies with storage durations in the range of 10 to 50 hours; and</text></subparagraph><subparagraph id="H6530648A45C84820B1D87C33A9242781"><enum>(B)</enum><text>grid-scale energy storage projects that can economically balance electricity supply and demand across seasons.</text></subparagraph></paragraph><paragraph id="H390CEE8385774F74AF3C445E0DD142DE"><enum>(3)</enum><text>Electricity transmission technologies, which include underground high-voltage direct current electricity transmission.</text></paragraph><paragraph id="HB5CD1994A0664D30BF3CF40469B908DE"><enum>(4)</enum><text>Commercial, industrial, and residential energy efficiency technologies, which include—</text><subparagraph id="HD370BE331BDA4DF29489BCC62B1D8D01"><enum>(A)</enum><text>retrofit packages that reduce the energy used by an average single-family home by at least 50 percent at a cost of no more than $25,000 per such home;</text></subparagraph><subparagraph id="H636FF4260F8E4E8CB111B09EAC77401E"><enum>(B)</enum><text>smart heating, ventilation, and air conditioning control technologies that—</text><clause id="HF5D897512F0B41C1930BEA626AB72909"><enum>(i)</enum><text>can be used in commercial buildings that have between 5,000 and 30,000 square feet of floor area;</text></clause><clause id="H80C7819CF7AE4A8F9B5E93C42607B5DB"><enum>(ii)</enum><text>can reduce heating, ventilation, and air conditioning energy consumption by an average of at least 20 percent compared to average commercial buildings;</text></clause><clause id="H752A1CA08CF741508BBD986D5410769E"><enum>(iii)</enum><text>yield energy cost savings that can provide at least a 50-percent annual return on the original investment; and</text></clause><clause id="H321455C1F4634226B61D30210B4C6729"><enum>(iv)</enum><text>may include a cloud-based information technology;</text></clause></subparagraph><subparagraph id="H154B25A947FC489F93E2DBC7C4F14606"><enum>(C)</enum><text>those technologies that the Secretary identifies as having the ability to improve energy efficiency or reduce emissions in heavy industries, which include those that produce or refine aluminum, steel, cement, oil, or fertilizer; and</text></subparagraph><subparagraph id="H15C2EAC9964B4816AFD5A6A8337F889A"><enum>(D)</enum><text>flexible load technology improvements to reduce peak demand.</text></subparagraph></paragraph><paragraph id="H2684EA0C08D54B3AB1650262E01372D7"><enum>(5)</enum><text>Industrial process and building electrification technologies, which include—</text><subparagraph id="H3DD0662ED3BD46B982F092B0469E3759"><enum>(A)</enum><text>heat pump space heaters;</text></subparagraph><subparagraph id="H6115F20337DD4CF4AEEC47B478BF12C7"><enum>(B)</enum><text>heat pump water heaters;</text></subparagraph><subparagraph id="H39D2233CCE924325AD6C7995A1162B0F"><enum>(C)</enum><text>induction stoves; and</text></subparagraph><subparagraph id="H92FD61A2418B40DFA46A5F14E0DE6CCC"><enum>(D)</enum><text>advanced industrial process heat technologies.</text></subparagraph></paragraph></subsection><subsection id="H04AA60DA42F04087887782FBEE3550AB" commented="no" display-inline="no-display-inline"><enum>(c)</enum><header>Authorization of appropriations</header><text>There are authorized to be appropriated to carry out this section the following:</text><paragraph id="H806898D24FE743CC85988D915723995A" commented="no"><enum>(1)</enum><text display-inline="yes-display-inline">With respect to the advanced renewable energy technologies projects described in subparagraph (b)(1), $2,000,000,000 for each of fiscal years 2021 through 2025.</text></paragraph><paragraph id="H58618E24BE0F4071BA5DE1F92C2BD235" commented="no"><enum>(2)</enum><text display-inline="yes-display-inline">With respect to the energy storage technologies projects described in subparagraph (b)(2), $400,000,000 for each of fiscal years 2021 through 2025.</text></paragraph><paragraph id="H94483A2955F144749B4077FCB899EA9C" commented="no"><enum>(3)</enum><text display-inline="yes-display-inline">With respect to the transmission technologies and projects described in subparagraph (b)(3), $600,000,000 for each of fiscal years 2021 through 2025.</text></paragraph></subsection></section><section id="H760153F4BFE747E691A88F933AA3F521"><enum>202.</enum><header>Advanced innovation and commercialization program</header><subsection id="H21AAA9834E9D4ED397C701FD02B52081"><enum>(a)</enum><header>In general</header><text>The Secretary, in collaboration with the National Laboratories, other Federal agencies, and private sector and university partners as the Secretary determines necessary, shall establish a program, to be known as the <quote>Advanced Innovation and Commercialization Program</quote>, to carry out research, development, and demonstration of technology that meets the targets established for those technologies identified in section 201(b).</text></subsection><subsection id="H35DBDE1C105146BDB046CDB8C85E4B0A"><enum>(b)</enum><header>Early deployment</header><paragraph id="H2A5AB9D185294F71A51612FD551C42E8"><enum>(1)</enum><header>In general</header><text>The Secretary shall establish a program to provide grants for early deployment of the technologies demonstrated under the Advanced Innovation and Commercialization program under this section.</text></paragraph><paragraph id="H51203F21CEF949D297FC6F35FE512B41"><enum>(2)</enum><header>Authorization of appropriations</header><text display-inline="yes-display-inline">There is authorized to be appropriated to carry out this subsection $3,000,000,000 for each of fiscal years 2021 through 2025.</text></paragraph></subsection><subsection id="H81B6317457BA453284EBD3B939084617"><enum>(c)</enum><header>Federal procurement</header><paragraph id="HD1BAA7B271AC4EE48FC07D33B8673AE8"><enum>(1)</enum><header>In general</header><text>The Secretary, in collaboration with the Secretary of Defense and the Administrator of the General Services Administration, shall establish Federal procurement goals and deadlines for achieving such goals for those technologies identified in section 201(b)(1) through (5).</text></paragraph><paragraph id="HF39803E6B11F4390805FB6616C4527C1"><enum>(2)</enum><header>Federal energy and advanced technology energy procurement</header><text>The Secretary, in collaboration with the Secretary of Defense and the Administrator of General Services, shall—</text><subparagraph id="HF4460847C14C48C6BF13C2F1A68E08ED"><enum>(A)</enum><text>through administrative and regulatory actions, improve Federal procurement of the technologies described in paragraph (1);</text></subparagraph><subparagraph id="H823DFA84BD234A1FB73011C7F30DEECD"><enum>(B)</enum><text>identify and report on barriers to improving Federal procurement of energy and technologies that require legislative changes; and</text></subparagraph><subparagraph id="HD0562462D52446A698D1247F699BF877"><enum>(C)</enum><text>take due regard of the recommendations from the 2016 report entitled <quote>Secretary of Energy Advisory Board Report of the Task Force on Federal Energy Management</quote>.</text></subparagraph></paragraph></subsection></section><section id="HA1AA3ADBD9734EC1928D1E1A985018AB"><enum>203.</enum><header>Updating mobile homes</header><subsection id="HA8B917056CE94113A4EEAC7BD122AA2C"><enum>(a)</enum><header>Updating mobile homes</header><text>Not later than one year after the date of enactment of this section, the Secretary shall establish a program to provide grants and technical assistance to individuals or businesses to facilitate the replacement of energy-inefficient mobile homes with highly efficient zero-energy modular homes.</text></subsection><subsection id="HFE1BACC32906473195E59BC006788D10"><enum>(b)</enum><header>Authorization</header><text>There are authorized to be appropriated to carry out this section $2,500,000,000 for each of fiscal years 2021 through 2025, to remain available until expended.</text></subsection></section><section id="HB055762635154593AAF0E39713F4BE86"><enum>204.</enum><header>Investment tax credits for energy battery storage, offshore wind, and certain hydropower technologies</header><subsection id="H12DF485F9B2E4A4ABCF1B986460A4C4B"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline"><external-xref legal-doc="usc" parsable-cite="usc/26/48">Section 48(a)(3)(A)</external-xref> of the Internal Revenue Code of 1986, as amended by section 121, is amended by striking <quote>or</quote> at the end of clause (vii), and by adding at the end the following new clauses:</text><quoted-block style="OLC" id="H3F755AF80ECA4B91B55682435A1F01EF" display-inline="no-display-inline"><clause id="H5BB24FF62A9A4434B909807D45EAE166"><enum>(ix)</enum><text display-inline="yes-display-inline">equipment which generates wind energy from an offshore facility,</text></clause><clause id="H0DD9F28E3258408FA4E243603D032C49"><enum>(x)</enum><text>energy storage equipment,</text></clause><clause id="H28BC5F12C61747F2B8773A077FB097D4"><enum>(xi)</enum><text>equipment which makes a nonhydroelectric dam capable of generating hydropower, or</text></clause><clause id="HB556C04A94AB4219A60F208823C84668"><enum>(xii)</enum><text>equipment which generates geothermal electricity through an enhanced geothermal system.</text></clause><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H3C047E63CC8D4C09AFD9A6DBDA3FB2B3"><enum>(b)</enum><header>Allowance of 30 percent credit</header><paragraph id="HA989599CB9D04CE59FD13DC3DEC53268"><enum>(1)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/48">Section 48(a)(2)(A)(i)(II)</external-xref> of the Internal Revenue Code of 1986 is amended by striking <quote>paragraph (3)(A)(i)</quote> and inserting <quote>clause (i), (ix), (x), (xi), or (xii) of paragraph (3)(A)</quote>.</text></paragraph><paragraph id="H46F0F4CF42B3459D9889B5D1240944E2"><enum>(2)</enum><header>Phaseout</header><text>Section 48(a)(6) of such Code is amended—</text><subparagraph id="HA5CDF7D13826410FB1906ABCF12A6734"><enum>(A)</enum><text>by striking <quote>solar energy</quote> in the heading and inserting <quote>certain</quote>, and</text></subparagraph><subparagraph id="H7D8D682BEA6F494CAA7DC2A61DD66585"><enum>(B)</enum><text>by striking <quote>paragraph (3)(A)(i)</quote> both places it appears and inserting <quote>clause (i), (ix), (x), (xi), or (xii) of paragraph (3)(A)</quote>.</text></subparagraph></paragraph></subsection><subsection id="H74C377DE84FB4E5E8F5EF43251AD8C5E" commented="no"><enum>(c)</enum><header>Definitions</header><paragraph id="HE2E118465E644A028B8E2E1D9E201626" commented="no"><enum>(1)</enum><header>Energy credit</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/48">Section 48(c)</external-xref> of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraphs:</text><quoted-block style="OLC" id="H0BF7F2CE0F9B4B5D9921A8A98E9EB658" display-inline="no-display-inline"><paragraph id="HEB5A8C743B63480888E1957F3CD3DB5F" commented="no"><enum>(5)</enum><header>Qualified offshore wind property</header><subparagraph id="H4DC86349AE2B4ACDA24DE1881BD94119" commented="no"><enum>(A)</enum><header>In general</header><text>The term <quote>qualified offshore wind property</quote> means an offshore facility using wind to produce electricity.</text></subparagraph><subparagraph id="H7721F865879846F7B08DCE608D1A56BB" commented="no"><enum>(B)</enum><header>Offshore facility</header><text>The term <quote>offshore facility</quote> means any facility located in the inland navigable waters of the United States, including the Great Lakes, or in the coastal waters of the United States, including the territorial seas of the United States, the exclusive economic zone of the United States, and the outer Continental Shelf of the United States.</text></subparagraph></paragraph><paragraph id="H7F2D7A80E7E444199AD1F6C2E0CCC9DE" commented="no"><enum>(6)</enum><header>Energy storage equipment</header><text display-inline="yes-display-inline">The term <quote>energy storage equipment</quote> means equipment which receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage (including hydrolysis and electrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Secretary in consultation with the Secretary of Energy, and which has a capacity of not less than 5 Kilowatt hours.</text></paragraph><paragraph id="HC0F20C9B564C42B898E0246A60A6410C" commented="no"><enum>(7)</enum><header>Nonhydroelectric dam</header><text>The term <quote>nonhydroelectric dam</quote> means a nonhydroelectric dam that—</text><subparagraph id="HE44E83692C674506A4633B2BA711D032" commented="no"><enum>(A)</enum><text>is licensed by the Federal Energy Regulatory Commission and meets all other applicable environmental, licensing, and regulatory requirements,</text></subparagraph><subparagraph id="HF062E544F9134A589C6425076A6F0FAA" commented="no"><enum>(B)</enum><text>was placed in service before the date of the enactment of this paragraph and operated for flood control, navigation, or water supply purposes and did not produce hydroelectric power on the date of the enactment of this paragraph,</text></subparagraph><subparagraph id="HA43807F25AA7426C9F6E55A8E5F0AD18" commented="no"><enum>(C)</enum><text>is operated so that the water surface elevation at any given location and time that would have occurred in the absence of the hydroelectric project is maintained, subject to any license requirements imposed under applicable law that change the water surface elevation for the purpose of improving environmental quality of the affected waterway, and</text></subparagraph><subparagraph id="H6FC68AF09CDA4362B936C9BA295D0F4F" commented="no"><enum>(D)</enum><text>includes one more hydroelectric projects which have been certified by the Secretary, after consultation with the Federal Energy Regulatory Commission, as meeting the requirements of clause (iii). </text></subparagraph></paragraph><paragraph id="HBC44397439634AC0BFFCD1FA5B1CF9B9" commented="no"><enum>(8)</enum><header>Enhanced geothermal system</header><text>The term <quote>enhanced geothermal system</quote> means a system to extract heat by creating a subsurface fracture system to which water can be added through injection wells.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph id="H77DB2A3E753D4EEE9072C496DA03CE53" commented="no"><enum>(2)</enum><header>Qualifying advanced energy project credit</header><text display-inline="yes-display-inline"><external-xref legal-doc="usc" parsable-cite="usc/26/48C">Section 48C(c)(1)(A)(i)(IV)</external-xref> of the Internal Revenue Code of 1986 is amended by inserting <quote>, including through direct air capture or carbon dioxide removal</quote> after <quote>emissions</quote>.</text></paragraph></subsection><subsection id="H998F9842CF9444C2B6CBEB1C613C3673"><enum>(d)</enum><header>Effective date</header><text display-inline="yes-display-inline">The amendments made by this section shall apply to property placed in service after December 31, 2019.</text></subsection><subsection id="H6124FC7B6E5A428987E37229073F799C"><enum>(e)</enum><header>Coordination with Federal Power Act</header><text>Nothing in this section, or the amendments made by this section, shall affect the standards under which the Federal Energy Regulatory Commission issues licenses for and regulates hydropower projects under part I of the Federal Power Act.</text></subsection></section><section id="HCD1705596BB0463E82379D40EA7F7A89"><enum>205.</enum><header>Extension of production tax credit for solar and on-shore wind</header><subsection id="HCDAC423D25B24FF1A2B22834957020C4"><enum>(a)</enum><header>Wind</header><text display-inline="yes-display-inline"><external-xref legal-doc="usc" parsable-cite="usc/26/45">Section 45(d)(1)</external-xref> of the Internal Revenue Code of 1986 is amended by striking <quote>January 1, 2021</quote> and inserting <quote>January 1, 2031</quote>.</text></subsection><subsection id="HD887A28DAB6F4A20B05E93C808D2432C"><enum>(b)</enum><header>Solar</header><text>Section 45(d)(4)(A) of such Code is amended by striking <quote>placed in service before January 1, 2006</quote> and inserting <quote>construction of which begins before January 1, 2031</quote>. </text></subsection><subsection id="H19F58FCD6BA840F9AB5197B0D432CB51"><enum>(c)</enum><header>Application of phaseout percentage to wind facilities</header><text>Section 45(b)(5)(D) of such Code is amended by striking <quote>January 1, 2021</quote> and inserting <quote>January 1, 2031</quote>.</text></subsection><subsection id="HC5F816C3A2034D94BAAA143C4BA50E6F"><enum>(d)</enum><header>Effective date</header><text display-inline="yes-display-inline">The amendments made by this section shall apply to facilities the construction of which begins after December 31, 2020.</text></subsection></section><section id="HD74919C92FF44F6B86D22EEDB7DB59F5"><enum>206.</enum><header>Renewal of qualifying advanced energy project credit</header><subsection id="H38770C08862D424BB5C04804A044615F"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline"><external-xref legal-doc="usc" parsable-cite="usc/26/48C">Section 48C(d)(2)(A)</external-xref> of the Internal Revenue Code of 1986 is amended by striking <quote>during the 2-year period beginning on the date the Secretary establishes the program under paragraph (1)</quote>.</text></subsection><subsection id="H0A3F8D5FF8694E41AE93B0B1E9B00CF7"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to applications received after the date of the enactment of this Act.</text></subsection></section><section id="HAC5097833E0649E191DBE6442C63F008" commented="no"><enum>207.</enum><header>Performance-based tax credits for commercial and residential buildings</header><subsection id="H3096D567892446AF9846676B9735BC5D" commented="no"><enum>(a)</enum><text>The Internal Revenue Code of 1986 is amended by inserting the following after section 45U (as added by this Act):</text><quoted-block id="H66A10D79AB4747B89CA99238AFEB5C32" style="OLC"><section id="H03B54E8395F940609E267FA7E9D41EFC" commented="no"><enum>45V.</enum><header>Deep energy retrofits and zero-energy commercial and residential buildings</header><subsection id="H81438DB1F754420280297A735D680135" commented="no"><enum>(a)</enum><header>Definitions</header><text>In this section:</text><paragraph id="H51EF4D6D8F8346EFAA380483B5976444" commented="no"><enum>(1)</enum><header>Btu</header><text>The term <quote>Btu</quote> means British Thermal Unit.</text></paragraph><paragraph id="HD3F470F99EDE42878714AA63231F01EB" commented="no"><enum>(2)</enum><header>Building energy</header><text>The term <quote>building energy</quote> means energy consumed at the building site as measured at the site boundary, which includes heating, cooling, ventilation, domestic hot water, indoor and outdoor lighting, plug loads, process energy, elevators and conveying systems, and intrabuilding transportation systems.</text></paragraph><paragraph id="HC77D188811454A2795C20164076887A7" commented="no"><enum>(3)</enum><header>Deep energy retrofit</header><text>The term <quote>deep energy retrofit</quote> means a project that uses energy efficiency measures and renewable energy resources to reduce the energy use of an existing building by at least 50 percent on an annual basis relative to the most recent 12-month period in which the building was fully occupied prior to the project, provided that energy efficiency measures must account for at least 80 percent of the reduction in energy use.</text></paragraph><paragraph id="H40AD91BE5B154C54B46DD9A3CBA8CA28" commented="no"><enum>(4)</enum><header>Delivered energy</header><text>The term <quote>delivered energy</quote> means any type of energy that could be bought or sold as building energy, including electricity, steam, hot or chilled water, natural gas, biogas, landfill gas, coal, coke, propane, petroleum and its derivatives, residual fuel oil, alcohol-based fuels, wood, biomass, and any other material consumed as fuel.</text></paragraph><paragraph id="H1AC421233C5345969A0AA9684D07ADEF" commented="no"><enum>(5)</enum><header>Exported energy</header><text>The term <quote>exported energy</quote> means on-site renewable energy supplied through the site boundary and used outside the site boundary.</text></paragraph><paragraph id="H89DD846C2DED47F0AEFF02DA5C508169" commented="no"><enum>(6)</enum><header>High rise commercial building</header><text>The term <quote>high rise commercial building</quote> means a commercial building of four or more above grade stories.</text></paragraph><paragraph id="H44A533752F1342149A3785358C8EFA16" commented="no"><enum>(7)</enum><header>High rise residential building</header><text>The term <quote>high rise residential building</quote> means a multifamily building with four or more above grade stories.</text></paragraph><paragraph id="H403B6784D9624F1CBA221116A38E0B17" commented="no"><enum>(8)</enum><header><enum-in-header>kW</enum-in-header>h</header><text>The term <quote>kWh</quote> means Kilowatt Hour.</text></paragraph><paragraph id="H0242087581A54B96A07AA63EE13FDF7B" commented="no"><enum>(9)</enum><header>Low rise residential building</header><text>The term <quote>low rise residential building</quote> means a single-family home or multifamily building with no more than three above grade stories.</text></paragraph><paragraph id="H61E360057AC94D0AB8C14FABC55EC941" commented="no"><enum>(10)</enum><header>On-site renewable energy</header><text>The term <quote>on-site renewable energy</quote> means any renewable energy collected and generated within the site boundary that is used for building energy, and the excess renewable energy exported outside the site boundary, provided that any renewable energy certificates associated with the on-site renewable energy must be retained or retired by the building owner or lessee to be claimed as on-site renewable energy.</text></paragraph><paragraph id="HB7CB926A97B547BF83394D8BF1C3B802" commented="no"><enum>(11)</enum><header>Renewable energy</header><text>The term <quote>renewable energy</quote> means energy generated by biomass, hydro, geothermal, solar, wind, ocean thermal, wave action, or tidal action resources.</text></paragraph><paragraph id="HEADE4E5173674F8096BFB7367C335FA3" commented="no"><enum>(12)</enum><header>Renewable energy certificate</header><text>The term <quote>renewable energy certificate</quote> means a certificate or credit that represents and conveys the environmental, social, or other nonpower qualities of one megawatt hour of renewable energy, and can be sold separately from the underlying physical electricity associated with the renewable energy resource.</text></paragraph><paragraph id="H0994F321B94644E8A6A7106B3601EB44" commented="no"><enum>(13)</enum><header>Site boundary</header><text>The term <quote>site boundary</quote> means the limits of the building site across which delivered energy and exported energy are measured.</text></paragraph><paragraph id="HBCFD2027E748487D8D49AD0CF1128A97" commented="no"><enum>(14)</enum><header>Source energy</header><text>The term <quote>source energy</quote> means building energy plus the energy losses in thermal combustion in electricity generation resources; and energy losses in transmission and distribution to the building site.</text></paragraph><paragraph id="HF04EE642CB0D4B58BE859516D96D733F" commented="no"><enum>(15)</enum><header>Zero-energy building</header><text>The term <quote>zero-energy building</quote> means a building for which, on a source energy basis, the actual annual delivered energy is less than or equal to the on-site renewable exported energy, provided that energy purchased from off-site and renewable energy generated on-site and then sold off-site shall be valued at 6000 Btu/kWh.</text></paragraph><paragraph id="HE02303D0D59244258F93F0604DAD7E5F" commented="no"><enum>(16)</enum><header>Zero-energy-ready building</header><text>The term <quote>zero-energy-ready building</quote> means a building that—</text><subparagraph id="H7CA91DF1C61046B2A92653514121CB77" commented="no"><enum>(A)</enum><text>if it is a commercial building or high rise residential building—</text><clause id="H5EDF3087E78F4FAEBFBB48C07ED0E540" commented="no"><enum>(i)</enum><text>is in compliance with Standard 90.1–2019 published by the American Society of Heating, Refrigerating and Air-Conditioning Engineers;</text></clause><clause id="HC744AD1C1CFA4F958E8D156826E03A0C" commented="no"><enum>(ii)</enum><text>is in compliance with Appendix CA (Solar-Ready Zone) of the 2021 International Energy Conservation Code; and</text></clause><clause id="HAB5352594E2D4581960EB25747E3A80D" commented="no"><enum>(iii)</enum><text>demonstrates that its energy consumption is at least 30 percent below the maximum permitted under American Society of Heating, Refrigerating and Air-Conditioning Engineers Standard 90.1–2019, as calculated using the methodology in Appendix G of such standard; and</text></clause></subparagraph><subparagraph id="H262235AE1FC54478A1C8F15868C1ED97" commented="no"><enum>(B)</enum><text>if it is a low rise residential building—</text><clause id="H78D67B3CAB924D54B150FAF5430AB517" commented="no"><enum>(i)</enum><text display-inline="yes-display-inline">has an Energy Rating Index of 40 or less as calculated using the procedures in Chapter 3 of the residential section of the 2012 International Energy Conservation Code but excluding any renewable energy resources in the calculation, provided that certification of compliance with the Energy Rating Index requirement shall be made by a registered architect or engineer by another professional authorized by the Secretary of Energy by rule;</text></clause><clause id="H666ED04687FC482EA16E084BCA453FCA" commented="no"><enum>(ii)</enum><text>is in compliance with Appendix RA (Solar-Ready Zone) of the 2021 International Energy Conservation Code; and</text></clause><clause id="H35E4FF9E8B3143ACAFB9EA443B176721" commented="no"><enum>(iii)</enum><text>is certified under—</text><subclause id="H1BFCDBC4A4C345C7A0D735101CFB6162" commented="no"><enum>(I)</enum><text>the Zero Energy Ready Homes program administered by the Department of Energy; or</text></subclause><subclause id="H4D7B2F372ADD4F85A01E0BC92206AAEB" commented="no"><enum>(II)</enum><text display-inline="yes-display-inline">the Passive House specifications of the Passive Institute US or the International Passive House Institute.</text></subclause></clause></subparagraph></paragraph></subsection><subsection id="H5CD32AB4A88A4D64A779EBFA5491603A" commented="no"><enum>(b)</enum><header>Eligibility for tax credit</header><text>To be eligible to receive a tax credit under this section, the builder or owner of a building must demonstrate that—</text><paragraph id="H584FBAA110FD49C1A2545FB5393140E0" commented="no"><enum>(1)</enum><text>the building is located in the United States;</text></paragraph><paragraph id="H8966B9F4C71B4CB9A56F7BEBA458CE97" commented="no"><enum>(2)</enum><text>the building is at least 50 percent occupied when the tax credit is claimed;</text></paragraph><paragraph id="H08547690EC824A7A83F7C58AAC8D0E3C" commented="no"><enum>(3)</enum><text>if the building has implemented a deep energy retrofit, the project has been completed and certified as a deep energy retrofit by a registered architect or engineer, or by another professional authorized by the Secretary of Energy by rule; and</text></paragraph><paragraph id="H6D7BE93056454DCBA343AF4E736DC47B" commented="no"><enum>(4)</enum><text>if the building is a zero-energy building, the building has been zero-energy over a span of 12 continuous months with at least 50 percent occupancy as verified—</text><subparagraph id="HCAA7CA67DCFF4EC5B4AE60F877DDF4B2" commented="no"><enum>(A)</enum><text>through certification by the Living Buildings Institute Zero Energy Certification Program;</text></subparagraph><subparagraph id="HC022F850C30A48F1A85741FB33F2BF24" commented="no"><enum>(B)</enum><text>through certification by the LEED Zero Energy Certification Program Verification; or</text></subparagraph><subparagraph id="H46ECD1E277AC41CB8FA557024221EDF6" commented="no"><enum>(C)</enum><text>by another professional authorized by the Secretary of Energy by rule.</text></subparagraph></paragraph></subsection><subsection id="HCA81BD23A58E40029374F5ECDF89E512" commented="no"><enum>(c)</enum><header>Tax credit amounts</header><paragraph id="HCF2FC8F0DBF34AE9A564992B4572CB7E" commented="no"><enum>(1)</enum><header>Zero-energy-ready buildings</header><text>The following tax credit amounts shall be awarded for certified zero-energy-ready buildings—</text><subparagraph id="H0CC66C471F9C4AEE976F0E834F57EC81" commented="no"><enum>(A)</enum><text>for a residential building with no more than four dwelling units, $5,000 per dwelling unit;</text></subparagraph><subparagraph id="HFA7A49BE05DC40B0B1788D16709C93BC" commented="no"><enum>(B)</enum><text>for a residential building with five or more dwelling units, $3,500 per dwelling unit; and</text></subparagraph><subparagraph id="H4A60735DF3EA42FD927880FF5F0F39CC" commented="no"><enum>(C)</enum><text>for a commercial building, $3 per square foot of floor area.</text></subparagraph></paragraph><paragraph id="H3A5ED17100AA45DBAA557494B88A517E" commented="no"><enum>(2)</enum><header>Zero-energy buildings</header><text>The following tax credit amounts shall be awarded for certified zero-energy buildings—</text><subparagraph id="H0204E3094BAF4ABF8C30699353FDA5E5" commented="no"><enum>(A)</enum><text>for a residential building with no more than four dwelling units, $5,000 per dwelling unit;</text></subparagraph><subparagraph id="H937D90EB06E1415AAB437F0C89B7F57A" commented="no"><enum>(B)</enum><text>for a residential building with five or more dwelling units, $3,500 per dwelling unit; and</text></subparagraph><subparagraph id="H368DD45420154688B5D758C27FD6B215" commented="no"><enum>(C)</enum><text display-inline="yes-display-inline">for a commercial building that is a zero-energy building for a period of 12 continuous months starting after the building is at least 50 percent occupied, $3 per square foot of floor area, provided that a zero-energy building may also receive the zero-energy-ready building incentive if it meets the criteria for this incentive.</text></subparagraph></paragraph><paragraph id="HCF0977300AB44E8090E2E9D7A6ECCC68" commented="no"><enum>(3)</enum><header>Deep energy retrofits</header><text>The following tax credit amounts shall be awarded to buildings upon completion of a deep energy retrofit—</text><subparagraph id="HC487954FFDB34019A61BD03C9C0330D4" commented="no"><enum>(A)</enum><text>for a residential building, $10,000 per dwelling unit, up to a maximum of $1,000,000 per building; and</text></subparagraph><subparagraph id="H06A3358DD18F4632BF82412E7A88D01A" commented="no"><enum>(B)</enum><text>for a commercial building, $25 per square foot of floor area, up to a maximum of $2,000,000 per building.</text></subparagraph></paragraph></subsection><subsection id="H78169CA67BEF4533AB27CC48FEC3A3EF" commented="no"><enum>(d)</enum><header>Tax credit recipient</header><paragraph id="HDC03A5BB07F34C539A279AE6D73CEBCA"><enum>(1)</enum><header>In general</header><text>The person eligible to receive a tax credit under this section shall be—</text><subparagraph id="HF424355EDAD841058646E254B5817218" commented="no"><enum>(A)</enum><text>for a new residential building, the builder;</text></subparagraph><subparagraph id="H7A3F0D4E2BF04CFD9F0C7003897CCD32" commented="no"><enum>(B)</enum><text>for an existing residential building that has undergone a deep energy retrofit, the builder;</text></subparagraph><subparagraph id="HBF2424C595A747EB828FE28722D4BA0C" commented="no"><enum>(C)</enum><text>for a new commercial building, the building owner; and</text></subparagraph><subparagraph id="H1072EE05C3684D4D8312F762E8D8A5DF" commented="no"><enum>(D)</enum><text display-inline="yes-display-inline">for an existing commercial building that has undergone a deep energy retrofit, the building owner.</text></subparagraph></paragraph><paragraph id="H3ABB274CA4AC4A2A9E667BE922F9F960"><enum>(2)</enum><header>Transfer of credit</header><text display-inline="yes-display-inline">A building owner who is eligible to receive a tax credit under subparagraphs (C) and (D) of paragraph (1) may transfer such tax credit to the architect, builder, or contractor.</text></paragraph></subsection><subsection id="HE111A0CACB4F4E82B83D51317576580B" commented="no"><enum>(e)</enum><header>Exclusions</header><text>A building project is not eligible for tax credits under this section if the owner or builder has used another Federal tax incentive for the same project, including incentives under sections 25C, 25D, and 179D of this title.</text></subsection><subsection id="H5B50DCA05A6E4D07916278ADD0B603DC" commented="no"><enum>(f)</enum><header>Sunset of tax credit authority</header><text>The tax credit authority under this section shall terminate—</text><paragraph id="H780660517D894C0B94FEFDB16D1A0D98" commented="no"><enum>(1)</enum><text>for zero-energy and zero-energy-ready residential buildings, one year after the Secretary of Energy determines by rule that such buildings accounted for at least 20 percent of new residential buildings in the most recent calendar year;</text></paragraph><paragraph id="H078BE0B5750D42B9892AFABFB959B4B0" commented="no"><enum>(2)</enum><text>for zero-energy and zero-energy-ready commercial buildings, one year after the Secretary of Energy determines by rule that such buildings accounted for at least 20 percent of new commercial building construction in the most recent calendar year;</text></paragraph><paragraph id="H7519FB94D17F420AB8611990D3CB3CF7" commented="no"><enum>(3)</enum><text>for deep energy retrofits to residential buildings, one year after the Secretary of Energy determines by rule that at least 10 percent of units at residential buildings have undergone such retrofits; and</text></paragraph><paragraph id="HCD7FAC2426D84F8F987EBED937E22021" commented="no"><enum>(4)</enum><text>for deep energy retrofits to commercial buildings, one year after the Secretary of Energy determines by rule that at least 10 percent of the floor area of commercial buildings has undergone such retrofits.</text></paragraph></subsection><subsection id="HB45124B434294747846A98584E62AF2B" commented="no"><enum>(g)</enum><header>Rulemaking</header><text>Not later than one year after enactment of this section, the Secretary, in coordination with the Secretary of Energy, shall promulgate rules to implement this section.</text></subsection><subsection id="H23635BBABB9044E6945BB44EE270733E" commented="no"><enum>(h)</enum><header>Report to Congress</header><text>Not later than two years after enactment of this section, and each calendar year thereafter, the Secretary shall report to Congress on the use of tax credits under this section broken down by the categories in subsection (c), which report shall include—</text><paragraph id="H64162D3E96BD4E6D93E3C88D62EA7500" commented="no"><enum>(1)</enum><text>the dollar value of tax credits awarded to date and in the prior calendar year; and</text></paragraph><paragraph id="HD18D8D12D5DD4380BF2E01C8925741B1" commented="no"><enum>(2)</enum><text>the number of units at residential buildings and the number of square feet of floor area in commercial buildings for which tax credits were awarded to date and in the prior year calendar year.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H349B22B555AD43D7AE10AA4C384233CF" commented="no"><enum>(b)</enum><header>Table of contents</header><text>The table of contents of the Internal Revenue Code of 1986 is further amended by inserting after the item relating to section 45U (as added by this Act) the following:</text><quoted-block style="OLC" id="H462E85E38B4040A9822D197F572F09EB" display-inline="no-display-inline"><toc regeneration="no-regeneration"><toc-entry level="section">Sec. 45V. Deep energy retrofits and zero-energy commercial and residential buildings.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section><section id="H1FC69AF3B2EB480F81153C3844C8899C"><enum>208.</enum><header>Extension of publicly traded partnership ownership structure to renewable energy projects</header><subsection id="H8122428E31D54DF0A2F460AF1E8DA547"><enum>(a)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/7704">Section 7704(d)(1)(E)</external-xref> of the Internal Revenue Code of 1986, as amended by section 134 of this Act, is further amended by adding after clause (v) the following:</text><quoted-block id="HBE21DFD212FE4A0D93D96E2B62D954F6" style="OLC"><clause id="H25EA78659F584C46BF5C05A84F22D641"><enum>(vi)</enum><text>The generation of electric power (including the leasing of tangible personal property used for such generation) exclusively utilizing any resource described in section 45(c)(1) or energy property described in section 48 (determined without regard to any termination date) or, in the case of a facility described in paragraph (3) or (7) of section 45(d) (determined without regard to any placed in service date or date by which construction of the facility is required to begin), the accepting or processing of such resource.</text></clause><clause id="H44818EE9D5C0461AAF68C84D2CBAF727"><enum>(vii)</enum><text>The sale of electric power, capacity, resource adequacy, demand response capabilities, or ancillary services that is produced or made available from any equipment or facility (operating as a single unit or as an aggregation of units) the principal function of which is to—</text><subclause id="H1C3377F961134F10A47DD500FECAC894"><enum>(I)</enum><text>use mechanical, chemical, electrochemical, hydroelectric, or thermal processes to store energy that was generated at one time for conversion to electricity at a later time, or</text></subclause><subclause id="H1C62119E99E94AE987F624F79F393613"><enum>(II)</enum><text>store thermal energy for direct use for heating or cooling at a later time in a manner that avoids the need to use electricity at that later time.</text></subclause></clause><clause id="H71C21E4DE5CD4239899A0571E44BA307"><enum>(viii)</enum><text>The generation, storage, or distribution of thermal energy exclusively utilizing property described in section 48(c)(3) (determined without regard to subparagraphs (B) and (D) thereof and without regard to any placed in service date).</text></clause><clause id="H62F57CA1C99B46A1A7BF7EF2D967DDD4"><enum>(ix)</enum><text>The generation, storage, or distribution of thermal energy exclusively using any resource described in section 45(c)(1) or energy property described in clause (i) or (iii) of section 48(a)(3)(A).</text></clause><clause id="H8FD4E08CF09B4ED0902213CD35DD4358"><enum>(x)</enum><text>The use of recoverable waste energy, as defined in section 371(5) of the Energy Policy and Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/42/6341">42 U.S.C. 6341(5)</external-xref>).</text></clause><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H13AB9614A1C84D389171C4D7D5239D14"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to taxable years beginning after December 31, 2020.</text></subsection></section><section id="H0D4275A613474741A071A03D37565A15" commented="no"><enum>209.</enum><header>Manufacturer credit for high-efficiency heat pumps and heat pump water heaters</header><subsection id="H62040B9EFBFD465DBC79D717A1C1EA34"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">The Internal Revenue Code of 1986 is further amended by adding after section 45V (as added by this Act) the following new section: </text><quoted-block style="OLC" id="H23F3D14000F6420792900F89F973315A" display-inline="no-display-inline"><section id="H23DC68E98F7F43C9A5486AD74A2EF3A2" commented="no"><enum>45W.</enum><header>Manufacturer credit for high-efficiency heat pumps and heat pump water heaters</header><subsection id="H6400165A29C948C8A55AFF876EB951A5" commented="no"><enum>(a)</enum><header>Credit amounts</header><paragraph id="H756BCC04FCA049A09A85463F84EE4F0A" commented="no"><enum>(1)</enum><header>In general</header><text>For purposes of section 38, the energy efficient heat pump credit determined under this section for any taxable year is an amount equal to the sum of the credit amounts determined under paragraph (2) for each type of qualified energy efficient heat pump produced by the taxpayer during the calendar year ending with or within the taxable year.</text></paragraph><paragraph id="HF567FE9900294D828FD4CE5356BA75DC" commented="no"><enum>(2)</enum><header>Calculation of credits</header><text>The credit amount determined for any type of qualified energy efficient appliance is—</text><subparagraph id="H40E14D28541746A794B7258D68C30656" commented="no"><enum>(A)</enum><text>the applicable amount determined under subsection (b) with respect to such type, multiplied by</text></subparagraph><subparagraph id="HADC32D5406044686BDCC88A0515F2075" commented="no"><enum>(B)</enum><text>the eligible production for such type under subsection (c).</text></subparagraph></paragraph></subsection><subsection id="HFF429C576AF7462791AD176A3B1A6524" commented="no"><enum>(b)</enum><header>Applicable amount</header><text>For purposes of subsection (a):</text><paragraph id="HFC30F25C7A8A4CF1ADADE604863CAB38" commented="no"><enum>(1)</enum><header>Consumer heat pump water heaters</header><text>The applicable amount is $600 in the case of a consumer heat pump water heater that is manufactured in calendar years 2022 through 2030 and that has a Uniform Energy Factor of 3.3 or more for electric water heaters and 1.3 or more for gas water heaters.</text></paragraph><paragraph id="H4D2ABB4C5C4B486BB16D7A40C0E92289" commented="no"><enum>(2)</enum><header>Commercial heat pump water heaters</header><text>The applicable amount is $600 in the case of a commercial heat pump water heater manufactured in calendar years 2022 through 2030 and that has a Coefficient of Performance of 3.0 or more for electric water heaters and 1.3 or more for gas water heaters.</text></paragraph><paragraph id="HDADD57F7110447B0B662DFDC7BF974F7" commented="no"><enum>(3)</enum><header>Consumer unitary heat pumps</header><text>The applicable amount is $800 in the case of a consumer unitary heat pump that—</text><subparagraph id="HA1CD3E3381A24753AFFB08BF2718D4E1" commented="no"><enum>(A)</enum><text>is manufactured in calendar years 2022 through 2030,</text></subparagraph><subparagraph id="HFA6D62434CE0415EA0F8D73567F6302B" commented="no"><enum>(B)</enum><text>in the case of an electric heat pump meets either—</text><clause id="HB3BF4CDA14EF4B3E83E343052F0E5788" commented="no"><enum>(i)</enum><text>the most recent requirements of the Energy Star Most Efficient Specification promulgated by the United States Environmental Protection Agency before the date of enactment of this section, or</text></clause><clause id="H962456664A114BC88C42122954984415" commented="no"><enum>(ii)</enum><text>the most recent Cold Climate Air-Source Heat Pump Specification promulgated by Northeast Energy Efficiency Partnerships before the date of enactment of this section, and</text></clause></subparagraph><subparagraph id="H5B1C4831E1A448D0AD4ECBC9250E2FB0" commented="no"><enum>(C)</enum><text>in the case of a gas heat pump, has an Annual Fuel Utilization Efficiency of 140 percent or more.</text></subparagraph></paragraph><paragraph id="H012B9B3A82824337808D4B913475498B" commented="no"><enum>(4)</enum><header>Commercial heat pumps</header><text>The applicable amount is $24 per thousand British Thermal Units of heating capacity measured at a 17 degree Fahrenheit ambient temperature in the case of a commercial heat pump that is manufactured in calendar years 2022 through 2030 and that has a Coefficient of Performance of 2.3 or more at a 17 degree F ambient temperature for electric heat pumps, and 1.2 or more at a 17 degree F ambient temperature for gas heat pumps.</text></paragraph><paragraph id="HA2261D2C6ED64BAE81F132575BCAEAB7" commented="no"><enum>(5)</enum><header>Industrial heat pumps</header><text>The applicable amount is $36 per thousand British Thermal Units of heating capacity for heat pumps with a heating capacity of 2,400 thousand British Thermal Units or less and $18 per thousand British Thermal Units of heating capacity for heat pumps with a heating capacity above 2,400 thousand British Thermal Units in the case of an industrial heat pump that is manufactured and installed in an industrial facility in calendar years 2022 through 2030 and that has a Coefficient of Performance of 2.0 or more.</text></paragraph></subsection><subsection id="H2C58593CBCEA42EE9040C9B3D465F110" commented="no"><enum>(c)</enum><header>Eligible production</header><text>The eligible production in a calendar year with respect to each type of energy efficient heat pump is—</text><paragraph id="H2EAE7FC5BB534A8F9F214E5716088B99" commented="no"><enum>(1)</enum><text>the number of heat pumps of such type that are produced by the taxpayer in the United States during such calendar year, less</text></paragraph><paragraph id="H095E5E44D3FD459C93751826B116BDA7" commented="no"><enum>(2)</enum><text>the average number of heat pumps of such type that were produced by the taxpayer (or any predecessor) in the United States during the preceding 2-calendar year period.</text></paragraph></subsection><subsection id="H340A5201BD77490C8E0EF1337473D286" commented="no"><enum>(d)</enum><header>Types of energy efficient heat pumps</header><text>For purposes of this section, the types of energy efficient heat pumps are—</text><paragraph id="HE3D7CA622DBA4A488EE4B407C937FECD" commented="no"><enum>(1)</enum><text>consumer heat pump water heaters described in subsection (b)(1),</text></paragraph><paragraph id="H59C34C1DE4F9485FB05292F967B59EE8" commented="no"><enum>(2)</enum><text>commercial heat pump water heaters described in subsection (b)(2),</text></paragraph><paragraph id="HE496A58B4F7D47FA8128D1C82D9DFB81" commented="no"><enum>(3)</enum><text>consumer unitary heat pumps described in subsection (b)(3),</text></paragraph><paragraph id="HA20E897FEA69453E9A04AE0E07DD19E1" commented="no"><enum>(4)</enum><text>commercial heat pumps described in subsection (b)(4), and</text></paragraph><paragraph id="HAD3B77C6C63645E4BD64BF33D950C20B" commented="no"><enum>(5)</enum><text>industrial heat pumps described in subsection (b)(5).</text></paragraph></subsection><subsection id="H92DFF19A4D7B4C4CB6D5DB75665A65AF" commented="no"><enum>(e)</enum><header>Limitations</header><paragraph id="HE9F6E297E1A04461A39615DEB56CEDB0" commented="no"><enum>(1)</enum><header>Aggregate credit amount allowed</header><text>The aggregate amount of credit allowed under subsection (a) with respect to a taxpayer for any taxable year shall not exceed $250,000,000, reduced by the amount of the credit allowed under subsection (a) to the taxpayer (or any predecessor) for all prior taxable years beginning after December 31, 2021.</text></paragraph><paragraph id="HEFEC1657034048E4B2523C7C2B587FCF" commented="no"><enum>(2)</enum><header>Limitation based on gross receipts</header><text>The credit allowed under subsection (a) with respect to a taxpayer for the taxable year shall not exceed an amount equal to 4 percent of the average annual gross receipts of the taxpayer for the 3 taxable years preceding the taxable year in which the credit is determined.</text></paragraph><paragraph id="H80C2439617F743E59AA2E5D1A4FFEA3D" commented="no"><enum>(3)</enum><header>Gross receipts</header><text>For purposes of this subsection, the rules of paragraphs (2) and (3) of section 448(c) shall apply.</text></paragraph></subsection><subsection id="HCD5DB0DFDC9047F5A76C745006A30D1C" commented="no"><enum>(f)</enum><header>Adjustment of energy efficiency criteria</header><text display-inline="yes-display-inline">No later than December 31, 2022, and every two years thereafter, the Secretary, in consultation with the Secretary of Energy, shall review the efficiency levels in section (b) and revise these levels upward if necessary to include only the most efficient commercially available heat pumps of each type, while ensuring that at least three manufacturers are represented in each type across a range of product heating capacities.</text></subsection><subsection id="H5523EE31DEB8419EA0D80066432EE76D" commented="no"><enum>(g)</enum><header>Test procedures</header><paragraph id="HD31BA71D0E1542DF89640F6E212091B0" commented="no"><enum>(1)</enum><text>The Department of Energy shall develop test procedures to determine Coefficient of Performance for—</text><subparagraph id="H5EF29C77808841D98148ACA7B0028ED9" commented="no"><enum>(A)</enum><text>gas commercial heat pump water heaters,</text></subparagraph><subparagraph id="HD766C7DE04094F43A6794BB3A5CCAC1E" commented="no"><enum>(B)</enum><text>gas commercial heat pumps, and</text></subparagraph><subparagraph id="HE016AA8729964B9FAD568F777A3DDBCC" commented="no"><enum>(C)</enum><text>industrial heat pumps.</text></subparagraph></paragraph><paragraph id="H8620A31E310E45F9837BE6FB5F06E6EC" commented="no"><enum>(2)</enum><text>Such test procedures shall build upon the foundation of relevant current American National Standard Institute and International Organization of Standard test procedures.</text></paragraph></subsection><subsection id="H8342EE7834D6456090FAC573CF4E835E" commented="no"><enum>(h)</enum><header>Definitions</header><text>For purposes of this section:</text><paragraph id="H8DEDE466B5D74C07885A3A7037B41B07" commented="no"><enum>(1)</enum><header>Qualified energy efficient heat pump</header><text>The term <quote>qualified energy efficient heat pump</quote> means—</text><subparagraph id="H9880F219694D4340B3D9587E4BC85C3E" commented="no"><enum>(A)</enum><text>any consumer heat pump water heater described in subsection (b)(1),</text></subparagraph><subparagraph id="H527898621F7D4A02A7129F6279B31E82" commented="no"><enum>(B)</enum><text>any commercial heat pump water heater described in subsection (b)(2),</text></subparagraph><subparagraph id="H68C8A701AADB490896233C18AC570E69" commented="no"><enum>(C)</enum><text>any consumer unitary heat pump described in subsection (b)(3),</text></subparagraph><subparagraph id="HD679E40BB78B458F9245693E2BB7BAAA" commented="no"><enum>(D)</enum><text>any commercial heat pump described in subsection (b)(4), and</text></subparagraph><subparagraph id="H35C2CE0B5F0C4B28AB14EAADBA416C01" commented="no"><enum>(E)</enum><text>any industrial heat pump described in subsection (b)(5).</text></subparagraph></paragraph><paragraph id="H73E343833CF84732BE7FFFA7880C38A4" commented="no"><enum>(2)</enum><header>Consumer heat pump water heater</header><text>The term <quote>consumer heat pump water heater</quote> means a water heater that uses a heat pump to heat water and has an electric input of 12 Kilowatt or less or a gas input of 75,000 British Thermal Units per hour or less, measured in accordance with applicable Department of Energy test procedures.</text></paragraph><paragraph id="HAC7244F0722044D7A19F920650E2EB3F" commented="no"><enum>(3)</enum><header>Commercial heat pump water heaters</header><text>The term <quote>commercial heat pump water heater</quote> means a water heater that uses a heat pump to heat water and has an electric input of more than 12 Kilowatt or a gas input of more than 75,000 British Thermal Units per hour, measured in accordance with applicable Department of Energy test procedures.</text></paragraph><paragraph id="HD61BA3B939724789A48C0DD1EA2E6A0F" commented="no"><enum>(4)</enum><header>Consumer unitary heat pump</header><text>The term <quote>consumer unitary heat pump</quote> means a heat pump designed to provide space heating and cooling with a cooling capacity of 65,000 British Thermal Units per hour or less, measured in accordance with the applicable Department of Energy test procedures.</text></paragraph><paragraph id="HECA75DA498E24380B0BB86E035AC6BD6" commented="no"><enum>(5)</enum><header>Commercial heat pump</header><text>The term <quote>commercial heat pump</quote> means a heat pump designed to provide space heating and cooling with a cooling capacity of more than 65,000 British Thermal Units per hour, measured in accordance with the applicable Department of Energy test procedures.</text></paragraph><paragraph id="HB035ACC74034493D90D352A17E2BE28F" commented="no"><enum>(6)</enum><header>Industrial heat pump</header><text>The term <quote>industrial heat pump</quote> means a heat pump that upgrades industrial waste heat to a higher temperature such that the delivered heat is produced and supplied to the facility more efficiently than conventional heating methods, such as a steam or electric resistance boiler.</text></paragraph><paragraph id="HFBE72A67F5584E98955CF21DA2973C50" commented="no"><enum>(7)</enum><header>Produced</header><text>The term <quote>produced</quote> includes manufactured.</text></paragraph><paragraph id="HD35FA4511CAB46C2A4874F89C6A579D1" commented="no"><enum>(8)</enum><header>Uniform energy factor</header><text>The term <quote>Uniform Energy Factor</quote> is a metric used to measure the efficiency of consumer water heaters, with details specified in applicable Department of Energy test procedures.</text></paragraph><paragraph id="H7A277A90C33D4A60A1656377EC67EF39" commented="no"><enum>(9)</enum><header>Coefficient of performance</header><text>The term <quote>Coefficient of Performance</quote> means the ratio of heat output to energy input, with details specified in applicable Department of Energy test procedures. For gas commercial heat pump water heaters, until there is a Department of Energy test procedure, American National Standards Institute and American Society of Heating, Refrigerating and Air-Conditioning Engineers Standard 118.1 shall be used. For gas commercial heat pumps, until there is a Department of Energy test procedure, American National Standards Standard Z21.40.4 shall be used. For industrial heat pumps, until there is a Department of Energy test procedure, manufacturers may use their own tests, provided they publicly post the test conditions and assumptions they used in developing their stated Coefficient of Performance values.</text></paragraph></subsection><subsection id="HAA30D2641D1B4BC787859AC04F25F287" commented="no"><enum>(i)</enum><header>Special rules</header><text>For purposes of this section:</text><paragraph id="H861A6719556145DFA934B02CFBD1E377" commented="no"><enum>(1)</enum><header>In general</header><text>Rules similar to the rules of subsections (c), (d), and (e) of section 52 shall apply.</text></paragraph><paragraph id="H42202B02DB4C4688AFBAAB5CA5F187B4" commented="no"><enum>(2)</enum><header>Controlled group</header><subparagraph id="HFFCD93E1B64D404AB43F6301F5CEB5A6" commented="no"><enum>(A)</enum><header>In general</header><text>All persons treated as a single employer under subsection (a) or (b) of section 52 or subsection (m) or (o) of section 414 shall be treated as a single producer.</text></subparagraph><subparagraph id="H7142779473A04D6E83E8F4547391F36B" commented="no"><enum>(B)</enum><header>Inclusion of foreign corporations</header><text>For purposes of subparagraph (A), in applying subsections (a) and (b) of section 52 to this section, section 1563 shall be applied without regard to subsection (b)(2)(C) thereof.</text></subparagraph></paragraph><paragraph id="H21A5F4919BD24452854C758DCBE3AAE6" commented="no"><enum>(3)</enum><header>Verification</header><text>No amount shall be allowed as a credit under subsection (a) with respect to which the taxpayer has not submitted such information or certification as the Secretary, in consultation with the Secretary of Energy, determines necessary.</text></paragraph><paragraph id="H6E514A3A334546D69B38B918D1E394BB" commented="no"><enum>(4)</enum><header>Production in United States</header><text>The requirement for production in the United States in section (c) does not take effect until January 1, 2024.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H694E439CF2C14AB1A9122EBF94321F17"><enum>(b)</enum><header>Clerical amendment</header><text display-inline="yes-display-inline">The table of sections for subpart D of part IV of subchapter A of chapter 1 is further amended by adding after the item relating to section 45V the following new item:</text><quoted-block style="OLC" id="HEAE8F72381C64F048F288B7CAB58A193" display-inline="no-display-inline"><toc regeneration="no-regeneration"><toc-entry level="section">Sec. 45W. Manufacturer credit for high-efficiency heat pumps and heat pump water heaters.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section><section id="HF4827B06C2584C8E9D1D795C849CA3B7"><enum>210.</enum><header>Other authorizations of appropriations</header><subsection id="HC2C17A3E67E94C3F82A00DFEBF23B93F"><enum>(a)</enum><header>Amendment to America COMPETES Act</header><text display-inline="yes-display-inline">Section 5012(o)(2) of the America COMPETES Act (<external-xref legal-doc="usc" parsable-cite="usc/42/16538">42 U.S.C. 16538(o)(2)</external-xref>) is amended—</text><paragraph id="H27E277DBA94D4C1C9E317C7F0EF12226"><enum>(1)</enum><text>in subparagraph (D), by striking <quote>; and</quote> and inserting <quote>;</quote>;</text></paragraph><paragraph id="H1E42CBCFC1504D2C84D99BE51E8C09BB"><enum>(2)</enum><text>in subparagraph (E), by striking <quote>2013.</quote> and inserting <quote>2013;</quote>; and</text></paragraph><paragraph id="H4BFF4223F2A54E8EBC1FF1D02907951C"><enum>(3)</enum><text>by adding at the end the following:</text><quoted-block id="H41104B119AB744998918D8E1BBCD3770" style="OLC"><subparagraph id="H674F297FF82F4461A49354F9B7B5CB7A"><enum>(F)</enum><text>$569,000,000 for fiscal year 2021;</text></subparagraph><subparagraph id="HAEF691F347A74AF2A65A035C5D6FBD33"><enum>(G)</enum><text>$713,000,000 for fiscal year 2022;</text></subparagraph><subparagraph id="H5276E6CDA8B64F9CAF63DD16493442B2"><enum>(H)</enum><text>$856,000,000 for fiscal year 2023; and</text></subparagraph><subparagraph id="H61A262E7AF1A4B8AA16600B6C1F58BD8"><enum>(I)</enum><text>$1,000,000,000 for fiscal year 2024.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="HBFBA0BD6F6D047E983E8B903EE9B1E93"><enum>(b)</enum><header>Regional innovation models</header><text>There are authorized to be appropriated to the Secretary for purposes of developing regional innovation models—</text><paragraph id="H3A3508EC1AA848779DEA030CBD293C3D"><enum>(1)</enum><text>$100,000,000 for fiscal year 2021;</text></paragraph><paragraph id="H78F08236B77F4F6FABE81ED0CB91F09D"><enum>(2)</enum><text>$200,000,000 for fiscal year 2022;</text></paragraph><paragraph id="HED504F628A934979ABFDAE1619AD3DDD"><enum>(3)</enum><text>$300,000,000 for fiscal year 2023; and</text></paragraph><paragraph id="H485F62C6562649A38D1A751DA9059A2C"><enum>(4)</enum><text>$500,000,000 for fiscal year 2024.</text></paragraph></subsection><subsection id="H6A9385DE31974414B0773E22FE327CE9"><enum>(c)</enum><header>Grid modernization</header><text>There are authorized to be appropriated to the Secretary for purposes of research, development, demonstration, analysis, technology validation, market transformation, and technical assistance to support grid modernization—</text><paragraph id="HC3E9F96F25914F80ACCAC4B5C6C6C6A8"><enum>(1)</enum><text>$238,000,000 for fiscal year 2021;</text></paragraph><paragraph id="HA4F737AA3F8343BDA7A227C341D3E1DF"><enum>(2)</enum><text>$375,000,000 for fiscal year 2022;</text></paragraph><paragraph id="H15D7D5838BA44802805A77956E3A2EC1"><enum>(3)</enum><text>$513,000,000 for fiscal year 2023; and</text></paragraph><paragraph id="H8EF8636129A44F2B81F99E4B131AE4DA"><enum>(4)</enum><text>$650,000,000 for fiscal year 2024.</text></paragraph></subsection><subsection id="H38B3409B625643439251EE7EC910E683"><enum>(d)</enum><header>Advanced land-Based and offshore wind power</header><text>There are authorized to be appropriated to the Secretary for the purposes of research, development, demonstration, analysis, technology validation, market transformation, and technical assistance to support advanced land-based and offshore wind power—</text><paragraph id="H769B15E3BE3B45DC90D83043AFEF3F54"><enum>(1)</enum><text>$178,000,000 for fiscal year 2021;</text></paragraph><paragraph id="HD41781F976034FE6A314046FBD1CBB84"><enum>(2)</enum><text>$252,000,000 for fiscal year 2022;</text></paragraph><paragraph id="HD362A9E2ECEA41F6A517E96693119307"><enum>(3)</enum><text>$326,000,000 for fiscal year 2023; and</text></paragraph><paragraph id="H451C086EE8054DC88FE6E4962D320BE4"><enum>(4)</enum><text>$400,000,000 for fiscal year 2024.</text></paragraph></subsection><subsection id="HA365D257615E4B6B8BEFED6159C7C3F3"><enum>(e)</enum><header>Advanced solar power</header><text>There are authorized to be appropriated to the Secretary for the purposes of research, development, demonstration, analysis, technology validation, market transformation, and technical assistance to support advanced solar power—</text><paragraph id="H6ECC47E0A16748AF933BF39455CF291A"><enum>(1)</enum><text>$360,000,000 for fiscal year 2021;</text></paragraph><paragraph id="HF32B7DA40F39419F89500E0D1052FD33"><enum>(2)</enum><text>$440,000,000 for fiscal year 2022;</text></paragraph><paragraph id="H0A8CC6B4471F498386CCAC01F4B04ECA"><enum>(3)</enum><text>$520,000,000 for fiscal year 2023; and</text></paragraph><paragraph id="HAEF52DB92A5B4B3F8CF6C19D735E3CB3"><enum>(4)</enum><text>$600,000,000 for fiscal year 2024.</text></paragraph></subsection><subsection id="H88C3AE01F1CC4F34A73DF5EF78F9AA80"><enum>(f)</enum><header>Mechanical, chemical, and thermal storage technology</header><text>There are authorized to be appropriated to the Secretary for the purposes of research, development, demonstration, analysis, technology validation, market transformation, and technical assistance to support mechanical, chemical, and thermal storage technology—</text><paragraph id="H51020C9B6643410DA12A6337F980E676"><enum>(1)</enum><text>$150,000,000 for fiscal year 2021;</text></paragraph><paragraph id="HEE86CD6A1A9A4042ADD940C35DBD7D26"><enum>(2)</enum><text>$150,000,000 for fiscal year 2022;</text></paragraph><paragraph id="HFA6704192815424594806FC964579C47"><enum>(3)</enum><text>$150,000,000 for fiscal year 2023; and</text></paragraph><paragraph id="H75583ACAFBB0462AB9A81208FCD8CC05"><enum>(4)</enum><text>$150,000,000 for fiscal year 2024.</text></paragraph></subsection><subsection id="H820F9F4C1CE94B58BE3452879A2350E1"><enum>(g)</enum><header>Buildings</header><text>There are authorized to be appropriated to the Secretary for the purposes of research, development, demonstration, analysis, technology validation, market transformation, and technical assistance to support technologies that improve the energy efficiency of building equipment, the building envelope, building controls, and that improve information sharing between the building and the grid, which technologies may include energy efficiency, demand response and electrification technologies in residential, commercial, and industrial buildings—</text><paragraph id="HEF6718D437E946AEA02D485F051B3224"><enum>(1)</enum><text>$381,000,000 for fiscal year 2021;</text></paragraph><paragraph id="H0762ADE244F840C7BA6A8D1A4EBFC55F"><enum>(2)</enum><text>$478,000,000 for fiscal year 2022;</text></paragraph><paragraph id="H60D65969E5554011BB3D48BAAB91A864"><enum>(3)</enum><text>$574,000,000 for fiscal year 2023; and</text></paragraph><paragraph id="HDEA2A6DAF2EB4B478797BA11CB001304"><enum>(4)</enum><text>$670,000,000 for fiscal year 2024.</text></paragraph></subsection><subsection id="H3C23DE2168BA469792F8FCE91C834F04"><enum>(h)</enum><header>Industry</header><text>There are authorized to be appropriated to the Secretary for the purposes of research, development, demonstration, analysis, technology validation, market transformation, and technical assistance to support technologies to reduce emissions in industrial and manufacturing processes, including such technologies relating to energy efficiency and electrification—</text><paragraph id="H64347DB87BE349738F90ECFD07F7553B"><enum>(1)</enum><text>$381,000,000 for fiscal year 2021;</text></paragraph><paragraph id="H02E4285654EB4035ABBD5FD81F4C6C7E"><enum>(2)</enum><text>$478,000,000 for fiscal year 2022;</text></paragraph><paragraph id="HC482FB35030F48D491A5F18E5F1EC9E5"><enum>(3)</enum><text>$574,000,000 for fiscal year 2023; and</text></paragraph><paragraph id="H1DFD532DA9A744509FBB3C0848030280"><enum>(4)</enum><text>$840,000,000 for fiscal year 2024.</text></paragraph></subsection><subsection id="HEB76EAF70EF04734B57702609D5BDA3A"><enum>(i)</enum><header>Enhanced geothermal technologies</header><text>There are authorized to the Secretary for the purposes of research, development, and demonstration of enhanced geothermal technologies an increase in the amount from fiscal year 2019 appropriations by $100,000,000 for each year until fiscal year 2025, of which—</text><paragraph id="H12FAC8679816470A8E2B10B6D6EDFE0D"><enum>(1)</enum><text>$70,000,000 is authorized for the Secretary to use each year to establish a supercritical enhanced geothermal system demonstration program; and</text></paragraph><paragraph id="HC4BD76EE55AE4D0B8DE844BDA715309A"><enum>(2)</enum><text>$30,000,000 is authorized for the Secretary to use each year in collaboration with the National Laboratories for supercritical enhanced geothermal systems research and development.</text></paragraph></subsection></section><enum>III</enum><header>Existing and Advanced Nuclear Power Plants</header><section id="HD7EE2D28C46442CC8A0BC9875367D77B"><enum>301.</enum><header>Zero-emissions credit program</header><subsection id="H85145CFAEC064714891DA56B4ECA510A"><enum>(a)</enum><header>Establishment</header><text>Not later than 2 years after the date of enactment of this section, the Secretary shall establish a program to be known as the <quote>Zero-Emissions Credit Program</quote>.</text></subsection><subsection id="H6830E3C8ED094CA1B4C99E7D70E8BFE8"><enum>(b)</enum><header>Issuance of credits</header><text>Not later than March 1 of each calendar year beginning after the date on which the Zero-Emissions Credit Program is established, under the Zero-Emissions Credit Program the Secretary shall issue an amount of zero-emissions credits to each owner or operator of a qualified nuclear power plant in the quantity that is equal to the amount of the megawatt hours of electricity sold by such owner or operator to an organized power market in the prior year.</text></subsection><subsection id="H9D5DCF0591734DAE9348514715A205F9"><enum>(c)</enum><header>Payment for receipt of credits</header><paragraph id="HE397C6EEDD0B4A1EB7EE25AC421B5FEA"><enum>(1)</enum><header>In general</header><text>Except as provided in paragraphs (2), (3), and (4), under the Zero-Emissions Credit Program the Secretary shall pay an owner or operator of a qualified nuclear power plant $13.25 for each zero-emissions credit an owner or operator submits to the Secretary.</text></paragraph><paragraph id="H585D5C4357B0419EBE777DD671742A56"><enum>(2)</enum><header>Adjustments for inflation</header><text>Each year, the Secretary shall adjust the amount to be paid under the Zero-Emissions Credit Program for each zero-emissions credit to account for the effects of inflation.</text></paragraph><paragraph id="HBFE097BC1B364792803BDFDA51E55D53"><enum>(3)</enum><header>Reduction in value of credit</header><text>If the price for the sale of electricity increases such that payments for zero-emissions credits are no longer needed to prevent the retirement of a qualified nuclear power plant, the Secretary shall reduce the amount to be paid for each zero-emissions credit for such qualifying nuclear power plant in accordance with such change in price.</text></paragraph><paragraph id="H3D38A5754DE84F6CB9586BB759BBA3B1"><enum>(4)</enum><header>Offset for value of clean electricity credits</header><text display-inline="yes-display-inline">The Secretary shall reduce the payment to a qualified nuclear power plant for a zero-emissions credit by the value of any clean electricity credits issued to the plant for the same quantity of megawatt hours pursuant to the Federal Clean Electricity Standard program established under section 611 of the Public Utility Regulatory Policies Act of 1978.</text></paragraph></subsection><subsection id="HC2F80E25112748D69A4FC3957CD85D70"><enum>(d)</enum><header>Termination date</header><text display-inline="yes-display-inline">The Zero-Emissions Credit Program shall terminate on the date that is 5 years after the program effective date of the Federal Clean Electricity Standard established under section 611 of the Public Utility Regulatory Policies Act of 1978.</text></subsection><subsection id="H5167F41324FA425887A57C1B2215595E"><enum>(e)</enum><header>Definitions</header><text>In this section:</text><paragraph id="HC27D45BB4BD842A291B1134F3B803012"><enum>(1)</enum><header>Organized power market</header><text>The term <quote>organized power market</quote> means any market—</text><subparagraph id="HD3FFB84B58574A0C98E4BE08392A3EF6"><enum>(A)</enum><text>for the wholesale sale of electricity; and</text></subparagraph><subparagraph id="HB2C4339ED8A2400CB64AC3B7A8CB7C9C"><enum>(B)</enum><text>that is controlled by a regional transmission organization or an independent system operator as defined in section 3 of the Federal Power Act (<external-xref legal-doc="usc" parsable-cite="usc/16/796">16 U.S.C. 796</external-xref>).</text></subparagraph></paragraph><paragraph id="HEA5333289B3A4B5392B25B648380B72C"><enum>(2)</enum><header>Qualified nuclear power plant</header><subparagraph id="HA96522F5F75A446090A7D7AAF05CC101"><enum>(A)</enum><header>In general</header><text>The term <quote>qualified nuclear power plant</quote> means any nuclear power plant that the Secretary determines, based on an application submitted by such plant to the Secretary, is not financially viable or will otherwise be required to retire if it does not receive zero-emissions credits under the Zero-Emissions Credit Program.</text></subparagraph><subparagraph id="HED9556DA1CE943F083B59D3A209EBED2"><enum>(B)</enum><header>Exclusion</header><text display-inline="yes-display-inline">The term <quote>qualified nuclear power plant</quote> does not include a nuclear power plant that receives a tax credit under <external-xref legal-doc="usc" parsable-cite="usc/26/48">section 48</external-xref> of the Internal Revenue Code of 1986.</text></subparagraph></paragraph><paragraph id="H39245CA3496643A49E91640A1B38B448"><enum>(3)</enum><header>Zero-emissions credit</header><text>The term <quote>zero-emissions credit</quote> means a credit issued by the Secretary under the Zero-Emissions Credit Program that represents 1 megawatt of electricity sold by the owner or operator of a qualified nuclear power plant to an organized power market.</text></paragraph></subsection><subsection id="H62EA8913B1FD4A778644C86A71173733"><enum>(f)</enum><header>Rulemaking</header><text>Not later than one year after the date of enactment of this section, the Secretary shall finalize rules for—</text><paragraph id="H36414E910E39453BAEC617382BD657F7"><enum>(1)</enum><text>the application and decision process for qualified nuclear power plants; and</text></paragraph><paragraph id="HFF7A0B5FC32444F495DCF4222128C6F3"><enum>(2)</enum><text>the schedule and process for issuance of credits and periodic review and adjustment of issuances.</text></paragraph></subsection></section><section id="HA685FE056C3742F89FF2EE7E19B0AFD8"><enum>302.</enum><header>Investment tax credit for nuclear energy property</header><subsection id="H89225B97FC1B4A87B986CB1C1FB60178"><enum>(a)</enum><header>In general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/48">Section 48(a)(3)(A)</external-xref> of the Internal Revenue Code of 1986 is amended—</text><paragraph id="HDEBD419B1F404F75B57B5BEDDD8238E5"><enum>(1)</enum><text>in clause (vi), by striking <quote>or</quote>;</text></paragraph><paragraph id="H2C72C00141354E4B9E2643F827C2F3D7"><enum>(2)</enum><text>in clause (vii), by inserting <quote>or</quote> at the end; and</text></paragraph><paragraph id="H59A61746124A495C8B08FD415242B06A"><enum>(3)</enum><text>by adding at the end the following new clause:</text><quoted-block id="HDA408BF5DF424204A4C6523310D52B75" style="OLC"><clause id="H002D9A40E0F2408694A0E730C9B5909F"><enum>(viii)</enum><text>qualified nuclear energy property,</text></clause><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="H7F777DC264784A2896537C8B368D4331"><enum>(b)</enum><header>Eligible for 30-Percent credit</header><text>Section 48(a)(2)(A)(i) of such Code is amended by striking <quote>and</quote> in subclause (III) and by adding at the end the following new subclause:</text><quoted-block id="H7EEE2091D84F45DBB3E20F87D5DB3AC4" style="OLC"><subclause id="HF69E2F6E1F694E709AA4AEB6272DC8CF"><enum>(V)</enum><text>energy property described in paragraph (3)(A)(viii) but only with respect to property placed in service before January 1, 2024, and</text></subclause><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="HF11274BEC8F74826A26860351B0ACFBD"><enum>(c)</enum><header>Qualified nuclear energy property</header><text>Section 48(c) of such Code is amended by adding at the end the following new paragraph:</text><quoted-block id="H25A3C8FE6CFC4A7CB5422B903DE66527" style="OLC"><paragraph id="HC4BFC7E6033D40FBA52E3B4938E96C9F"><enum>(5)</enum><header>Qualified nuclear energy property</header><subparagraph id="H94E452422F1440CDBCAA547184E9C69B"><enum>(A)</enum><header>In general</header><text>The term <quote>qualified nuclear energy property</quote> means any amounts paid or incurred for the refueling of, and any other expenditures described in section 263(a) with respect to, a qualifying nuclear power plant.</text></subparagraph><subparagraph id="H6FD9BEB8990E41BFAA9BF9FD7CEC7D64"><enum>(B)</enum><header>Qualifying nuclear power plant</header><text>The term <quote>qualifying nuclear power plant</quote> means a nuclear power plant which—</text><clause id="H5F63B320C5574B49A1B7961FD94CB0CA"><enum>(i)</enum><text>submitted an application for license renewal to the Nuclear Regulatory Commission in accordance with part 54 of title 10, Code of Federal Regulations, before January 1, 2026, or</text></clause><clause id="H03B36ABA97444A33BB8FF25452F7D853"><enum>(ii)</enum><text>certified to the Secretary (at such time and in such form and in such manner as the Secretary prescribes) that such plant will submit an application for license renewal to the Nuclear Regulatory Commission in accordance with part 54 of title 10, Code of Federal Regulations, before January 1, 2026.</text></clause></subparagraph><subparagraph id="H1986DDDE520D4C06AA928C9BCEDC5BBB"><enum>(C)</enum><header>Special rules</header><clause id="H6126F81EC240432C94A1114CEAA89BA7"><enum>(i)</enum><header>Basis</header><text>For purposes of subsection (a), the cumulative amounts paid or incurred by the taxpayer during the taxable year with respect to a qualifying nuclear power plant, which are properly chargeable to capital account, shall be treated as the basis of the qualified nuclear energy property placed in service for that taxable year.</text></clause><clause id="H3C0E3A4483D042C5A53145ABE5647828"><enum>(ii)</enum><header>Placed in service</header><text>For purposes of subsection (a), qualified nuclear energy property shall be treated as having been placed in service on the last day of the taxable year in which the taxpayer pays or incurs such amounts described in clause (i).</text></clause><clause id="H74FD693F8B984A58974CFCA320ADECF9"><enum>(iii)</enum><header>Recapture</header><text>The Secretary shall, by regulations, provide for recapturing the benefit of any credit allowable under subsection (a) to any qualifying nuclear power plant which made a certification pursuant to subparagraph (B) but does not file an application of license renewal to the Nuclear Regulatory Commission in accordance with part 54 of title 10, Code of Federal Regulations, before January 1, 2026.</text></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H22CBAF81DB994611A7E216C81AC47D7D"><enum>(d)</enum><header>Phaseout of 30-Percent credit rate for nuclear energy property</header><text>Section 48(a) of such Code is amended by adding at the end the following new paragraph:</text><quoted-block id="H8668FB9944864B2BACF1183BAA107BB9" style="OLC"><paragraph id="H51A9C2C32C274708AF08122A97664325"><enum>(7)</enum><header>Phaseout for qualified nuclear energy property</header><text>In the case of qualified nuclear energy property, the energy percentage determined under paragraph (2) shall be equal to—</text><subparagraph id="H0219A67114E84CBF9C4B33FD76838B67"><enum>(A)</enum><text>in the case of any property placed in service after December 31, 2023, and before January 1, 2025, 26 percent, and</text></subparagraph><subparagraph id="H384FFA72A8254FC3928E5796C36CD81D"><enum>(B)</enum><text>in the case of any property placed in service after December 31, 2022, and before January 1, 2026, 22 percent.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H8B83DE03788B4EC4A9B2B5CCE525C697"><enum>(e)</enum><header>Coordination with credit for production from advanced nuclear power facilities</header><text>The last sentence of section 48(a)(3) of such Code is amended by inserting <quote>or 45J</quote> after <quote>section 45</quote>.</text></subsection><subsection id="H4C87CADE41A54821B360D34FB90B16E5"><enum>(f)</enum><header>Transfer of credit by certain public entities</header><paragraph id="H597AE153844A48439C7E3B2CC5295EB6"><enum>(1)</enum><header>In general</header><text>Section 48 of such Code is amended by adding at the end the following new subsection:</text><quoted-block id="H6DEEE81FE622494AA448EEBE54E8A064" style="OLC"><subsection id="H3739E83CC62B4A74BF34C63132E95AED"><enum>(e)</enum><header>Special rule for qualified nuclear energy property</header><paragraph id="H63574EE2E1BA452C8DC6999B32F1DCB5"><enum>(1)</enum><header>In general</header><text>In the case of any qualified nuclear energy property, if, with respect to a credit under subsection (a) for any taxable year—</text><subparagraph id="H3BF2ADD232EF4FF6B86CE9F1A4656616"><enum>(A)</enum><text>the taxpayer would be a qualified public entity, and</text></subparagraph><subparagraph id="H4189107D40D1403CB9278CBCB1DCE47C"><enum>(B)</enum><text>such entity elects the application of this subsection for such taxable year with respect to all (or any portion specified in such election) of such credit, the eligible project partner specified in such election (and not the qualified public entity) shall be treated as the taxpayer for purposes of this title with respect to such credit (or such portion thereof).</text></subparagraph></paragraph><paragraph id="HFF2008FFD5E74963BFD247AC0CAA00C4"><enum>(2)</enum><header>Definitions</header><text>For purposes of this subsection:</text><subparagraph id="H5D51FB7D4DAD493481DFBCC3B522E002"><enum>(A)</enum><header>Qualified public entity</header><text>The term <quote>qualified public entity</quote> means—</text><clause id="H3FE14AC417FC4730AC99E05DF2602899"><enum>(i)</enum><text>a Federal, State, or local government entity, or any political subdivision, agency, or instrumentality thereof,</text></clause><clause id="HDA11F0D6D5F1417FAEBAE0BDD38D9023"><enum>(ii)</enum><text>a mutual or cooperative electric company described in section 501(c)(12) or section 1381(a)(2), or</text></clause><clause id="H4D350549DF2A4B99A662BA261D0CD569"><enum>(iii)</enum><text>a not-for-profit electric utility which has or had received a loan or loan guarantee under the Rural Electrification Act of 1936.</text></clause></subparagraph><subparagraph id="H3959A374B3A041C0A76CECC398B9EFD2"><enum>(B)</enum><header>Eligible project partner</header><text>The term <quote>eligible project partner</quote> means—</text><clause id="H5E2D4C0368DF4D178E34904A41B60955"><enum>(i)</enum><text>any person responsible for operating, maintaining, or repairing the qualifying nuclear power plant to which the credit under subsection (a) relates,</text></clause><clause id="HCFF7B18A3BAF4F539706D6C13423816F"><enum>(ii)</enum><text>any person who participates in the provision of the nuclear steam supply system to the qualifying nuclear power plant to which the credit under subsection (a) relates,</text></clause><clause id="HD53737FF1E7543029B4BC8645EE4B96C"><enum>(iii)</enum><text>any person who participates in the provision of nuclear fuel to the qualifying nuclear power plant to which the credit under subsection (a) relates, or</text></clause><clause id="H3AC87FA308E141C080AE2B6570C79649"><enum>(iv)</enum><text>any person who has an ownership interest in such facility.</text></clause></subparagraph></paragraph><paragraph id="HD5D7AA480FD84204A6AF9F199D114348"><enum>(3)</enum><header>Special rules</header><subparagraph id="H7D6852A9826647F280E63C7503686C30"><enum>(A)</enum><header>Application to partnerships</header><text>In the case of a credit under subsection (a) which is determined with respect to qualified nuclear energy property at the partnership level—</text><clause id="HB473AF7AFF3A4A18A6AE9F4866C34691"><enum>(i)</enum><text>for purposes of paragraph (1)(A), a qualified public entity shall be treated as the taxpayer with respect to such entity’s distributive share of such credit, and</text></clause><clause id="H805658B29FC84F2184B63521173F70DD"><enum>(ii)</enum><text>the term <quote>eligible project partner</quote> shall include any partner of the partnership.</text></clause></subparagraph><subparagraph id="H115465EBD95D431589567DE051392378"><enum>(B)</enum><header>Taxable year in which credit taken into account</header><text>In the case of any credit (or portion thereof) with respect to which an election is made under subsection (e), such credit shall be taken into account in the first taxable year of the eligible project partner ending with, or after, the qualified public entity’s taxable year with respect to which the credit was determined.</text></subparagraph><subparagraph id="HC515C2D2F6A74E84B5A4EB431529ED5E"><enum>(C)</enum><header>Treatment of transfer under private use rules</header><text>For purposes of section 141(b)(1), any benefit derived by an eligible project partner in connection with an election under this subsection shall not be taken into account as a private business use.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph id="HCB36CF2FE8214DB1BE4C310E132AA2F6"><enum>(2)</enum><header>Special rule for proceeds of transfers for mutual or cooperative electric companies</header><text>Section 501(c)(12) of such Code is amended by adding at the end the following new subparagraph:</text><quoted-block id="HB18D7A0E228A4B548363DC530EC24EA6" style="OLC"><subparagraph id="H6B9F997675F241E6B7D27B2E7EC4D84F"><enum>(I)</enum><text>In the case of a mutual or cooperative electric company described in this paragraph or an organization described in section 1381(a)(2), income received or accrued in connection with an election under section 48(e) shall be treated as an amount collected from members for the sole purpose of meeting losses and expenses.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="HC74E860DE0C8404687241D07B6DF2629"><enum>(g)</enum><header>Conforming amendment</header><text>Section 48(a)(2)(A) of such Code is amended by striking <quote>paragraph (6)</quote> and inserting <quote>paragraphs (6) and (7)</quote>.</text></subsection><subsection id="H0292B263D78C46DAA963BF5D9D8DB71C"><enum>(h)</enum><header>Effective date</header><text>The amendments made by this section shall apply to periods after December 31, 2019, in taxable years ending after such date, under rules similar to the rules of <external-xref legal-doc="usc" parsable-cite="usc/26/48">section 48(m)</external-xref> of the Internal Revenue Code of 1986 (as in effect on the day before the enactment of the Revenue Reconciliation Act of 1990).</text></subsection></section><section id="H0D7923CCD4C04756941A2B6B9153C8CF"><enum>303.</enum><header>Expanding Federal clean electricity purchasing requirements</header><subsection id="H8A8AC902CCD44CB0B9CFD4AC22F61342"><enum>(a)</enum><header>Amendments to the Federal purchase requirements of the Energy Policy Act of 2005</header><text>Section 203 of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/15852">42 U.S.C. 15852</external-xref>) is amended—</text><paragraph id="H7F35C3CAB97646F89BAC8886EFFAC947"><enum>(1)</enum><text>in subsection (a), by striking <quote>, the following amounts shall be renewable energy:</quote> and inserting <quote>, such amount shall be made up of the following:</quote>;</text></paragraph><paragraph id="HC3903882BEEB495BAD1C379236990B53"><enum>(2)</enum><text>in subsection (a)(1), by inserting <quote>shall be renewable energy</quote> after <quote>2009</quote>;</text></paragraph><paragraph id="H2C11F2E34A174FB8B46089856C597398"><enum>(3)</enum><text>in subsection (a)(2), by inserting <quote>shall be renewable energy</quote> after <quote>2012</quote>;</text></paragraph><paragraph id="H41DEC0DFCA3B4F9D9748F548BFB8147E"><enum>(4)</enum><text>in subsection (a)(3), by striking <quote>7.5 percent in fiscal year 2013 and each fiscal year thereafter.</quote> and inserting <quote>7.5 percent in fiscal years 2013 through 2019 shall be renewable energy.</quote>;</text></paragraph><paragraph id="HCD987DC20C9D4551882A6F9A865CF1D4"><enum>(5)</enum><text>in subsection (a), by adding at the end the following:</text><quoted-block id="H8CF4E08936C7430881F93358CE746BF5" style="OLC"><paragraph id="H94A676EB9FEA48508D407EE690894C6F"><enum>(4)</enum><text>Not less than 35 percent in fiscal year 2020 and each year thereafter shall be clean electricity.</text></paragraph><after-quoted-block>;</after-quoted-block></quoted-block></paragraph><paragraph id="H1BBD4BE0549F4E4B8001AD62E814CAA1"><enum>(6)</enum><text>in subsection (b), by adding at the end the following:</text><quoted-block id="HAFA12F92D6C3427BB7435DADCBBEBC12" style="OLC"><paragraph id="H8D79D613F6F044EB87E3A2FCA0613B1C"><enum>(3)</enum><header>Clean electricity</header><text>The term <quote>clean electricity</quote> means—</text><subparagraph id="H5AA9CF15F3344501AAF79EB3DFF68DC7"><enum>(A)</enum><text>renewable energy;</text></subparagraph><subparagraph id="H78938845ED00444783A4A677ACE04D4B"><enum>(B)</enum><text>any electric energy generated by a nuclear power plant; and</text></subparagraph><subparagraph id="HA74E83285F8A4CA39F2568CF83F4360A"><enum>(C)</enum><text>the percentage of electric energy generated by a power plant that equals the percentage of carbon dioxide emissions of such plant that are captured and sequestered.</text></subparagraph></paragraph><after-quoted-block>;</after-quoted-block></quoted-block></paragraph><paragraph id="H7AB7921CB8B548428D11FC39352128F5"><enum>(7)</enum><text>in subsection (c), by striking <quote>renewable energy</quote> and inserting <quote>clean electricity</quote> in each place it occurs;</text></paragraph><paragraph id="HF0262B62D35043B09F4E0C1906DAE80E"><enum>(8)</enum><text>by redesignating subsection (d) as subsection (e); and</text></paragraph><paragraph id="HB48656B5D5324DA895714FA5FC1F74BF"><enum>(9)</enum><text>by inserting after subsection (c) the following:</text><quoted-block id="H7D0E7F3CD13D4418A9A436C6B37388F2" style="OLC"><subsection id="H964F36BA1DF44A5E9813BFA4A43BE79D"><enum>(d)</enum><header>Power purchase agreement</header><text>For the purposes of this section, the Secretary may enter into a power purchase agreement for as much as all of the electricity output of a nuclear power plant for the duration of the operational life of such plant if such plant supplies electricity for purposes of national security or mission-critical activities.</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="H4F61A098E9354102B7B913D512C88B1C"><enum>(b)</enum><header>Amendments to energy policies of the Department of Defense and the Department of Homeland Security</header><text>Subtitle B of title VI of the Energy Policy Act of 2005 is amended by adding at the end the following:</text><quoted-block id="H531068A7FE8D493CAE2FD9FB883561C5" style="OLC"><section id="HDC24E144852F4719B74F2C2549DC6D1B"><enum>639A.</enum><header>Long-term nuclear power purchase agreement pilot program</header><subsection id="H58EFCA8A5F0B4E2DAABA0DF3B5938AA6"><enum>(a)</enum><header>Establishment</header><text>The Secretary shall establish and carry out a pilot program for long-term power purchase agreements for electricity generated by nuclear power.</text></subsection><subsection id="H96B4F2C831444B2CA61257E31D9F3EC5"><enum>(b)</enum><header>Requirements</header><text>In carrying out the pilot program established under subsection (a), the Secretary shall—</text><paragraph id="H6CB37D186C984FD0AB3C48DA6EA1E643"><enum>(1)</enum><text>consult and coordinate with the heads of other Federal agencies that may benefit from purchasing nuclear power for a period of longer than 10 years, including—</text><subparagraph id="H6792CF50EEE54FC395EBB1AC24C0AF32"><enum>(A)</enum><text>the Secretary of Defense;</text></subparagraph><subparagraph id="H4574D204CCDF4EB29A9DBBA432F7C789"><enum>(B)</enum><text>the Administrator of General Services; and</text></subparagraph><subparagraph id="H40302464E6EB4CB0A957FE64ADEF4202"><enum>(C)</enum><text>the Secretary of Homeland Security; and</text></subparagraph></paragraph><paragraph id="H854532A76F94494884BF9FE9D1645E9F"><enum>(2)</enum><text>not later than 5 years after the date of enactment of this section, enter into at least 1 power purchase agreement with the owner or operator of a commercial nuclear power plant for up to 30 years.</text></paragraph></subsection><subsection id="H4BEB4024367A4D6A8F39CF812EBFB491"><enum>(c)</enum><header>Priority</header><text>In carrying out the pilot program established under subsection (a), the Secretary shall prioritize entering into a power purchase agreement with the owner or operator of a plant that uses first-of-a-kind or early deployment nuclear technologies that can provide reliable and resilient power to high-value assets for national security purposes or other purposes, which the Secretary determines are in the national interest, especially in remote off-grid scenarios or grid-connected scenarios that can provide capabilities commonly known as <quote>islanding power capabilities</quote> during an emergency scenario.</text></subsection><subsection id="H9F9D8310224449818EACE2F14900DA94"><enum>(d)</enum><header>Effect on rates</header><text>A power purchase agreement entered into under this section may be at a rate that is higher than the average market rate if the power purchase agreement fulfills an applicable consideration described in subsection (c).</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H075B8C5DACAA4D618DACEEC12880A4EE"><enum>(c)</enum><header>Table of contents</header><text>The table of contents of the Energy Policy Act of 2005 (<external-xref legal-doc="public-law" parsable-cite="pl/109/58">Public Law 109–58</external-xref>; 119 Stat. 594) is amended by inserting after the item relating to section 639 the following:</text><quoted-block style="OLC" id="H323428541A854249B5E9B413F5A73BB6" display-inline="no-display-inline"><toc regeneration="no-regeneration"><toc-entry level="section" bold="off">Sec. 639A. Long-term nuclear power purchase agreement pilot program. </toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="HAD5310A858F54B079EDF748B8CD4EF75"><enum>(d)</enum><header>Authorization of long-Term power purchase agreements</header><text>Section 501(b)(1) of title 40, United States Code, is amended by striking subparagraph (B) and inserting the following:</text><quoted-block id="HEA7F6DAE8F894D2187C4E3F5F6FADDC0" style="OLC"><subparagraph id="H72C8EA596FEC49BDB3DBCDCCDEAF411D"><enum>(B)</enum><header>Public utility contracts</header><clause id="H5D6B21C6415947EFA70C2A6A287D6EB7"><enum>(i)</enum><header>Term</header><subclause id="HE02BA511F3F64BA89BFE4981BEA4A734"><enum>(I)</enum><header>In general</header><text>A contract under this paragraph to purchase electricity service from a public utility may be for a period of not more than 40 years.</text></subclause><subclause id="HF763853FD0844272ABFB2FB2490BADFD"><enum>(II)</enum><header>Other public utility services</header><text>A contract under this paragraph for a public utility service other than a service described in subclause (I) may be for a period of not more than 10 years.</text></subclause></clause><clause id="HF354EB23333A4480B5EE362F7EA4937D"><enum>(ii)</enum><header>Costs</header><text>The cost of a contract under this paragraph for any fiscal year may only be paid from the appropriations for that fiscal year.</text></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section><section id="H44D7A69FC87E4C0E853B4DB83E3B37DB"><enum>304.</enum><header>Modernizing the Nuclear Regulatory Commission</header><subsection id="H0161CC4B18C440AC8893A423C6E199C7"><enum>(a)</enum><header>Reducing the administrative burden of licensing activities for new designs of advanced nuclear reactors</header><paragraph id="H37A2C2D0E7A4468487A6BCDC2A081F94"><enum>(1)</enum><header>Report</header><text>Not later than 90 days after the date of enactment of this section, the Commission shall submit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Energy and Natural Resources of the Senate a report that recommends how to improve the processes, procedures, and, if appropriate, regulations of the Commission with respect to licensing, certification, and approval of advanced nuclear reactor designs.</text></paragraph><paragraph id="H6948953CF0854D9C89157551A63FA761"><enum>(2)</enum><header>Required recommendations</header><text>The report submitted under paragraph (1) shall include recommendations to—</text><subparagraph id="H8EBD48E040CA46DAAD2C0B9F6D43F7F6"><enum>(A)</enum><text>improve all Commission actions with respect to licensing, certification, and approval of advanced nuclear reactor designs, including actions to meet the Commission’s obligations under the National Environmental Policy Act of 1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4231">42 U.S.C. 4231</external-xref> et seq.);</text></subparagraph><subparagraph id="H5351D0357AAB4EBCBBA2D95093E07D17"><enum>(B)</enum><text>emphasize risk-informed and performance-based regulatory approaches; and</text></subparagraph><subparagraph id="HF350C83C20794F218FBA2CF49C051E96"><enum>(C)</enum><text>enable the Commission to finalize its review of an application to approve the design of an advanced nuclear reactor in no more than two years.</text></subparagraph></paragraph></subsection><subsection id="HA6B2B7B6F1244261A6B6858B3034A611"><enum>(b)</enum><header>Study on elimination of foreign licensing restrictions</header><text>Not later than 18 months after the date of enactment of this section, the Comptroller General, in consultation with the Secretary, shall submit to Congress a report containing the results of a study on the feasibility and implications of repealing restrictions under sections 103 d. and 104 d. of the Atomic Energy Act of 1954 (<external-xref legal-doc="usc" parsable-cite="usc/42/2011">42 U.S.C. 2011</external-xref> et seq.).</text></subsection><subsection id="H93F79177AC7F40A7B71090CDE883F6E1"><enum>(c)</enum><header>Study on the impact of the elimination of mandatory hearings for uncontested licensing applications</header><text>Not later than 18 months after the date of enactment of this section, the Comptroller General, in consultation with the Secretary, shall submit to Congress a report containing the results of a study on the estimated effect of eliminating the requirement to hold a hearing for uncontested applications for an operating license or construction permit under section 189 of the Atomic Energy Act of 1954 (<external-xref legal-doc="usc" parsable-cite="usc/42/2239">42 U.S.C. 2239</external-xref>).</text></subsection><subsection id="H92F576477A144C858A364C94E98DF5F0"><enum>(d)</enum><header>Informal hearing procedures</header><paragraph id="H11E6E3433250446E8FA9381FF039B228"><enum>(1)</enum><header>Procedures</header><text>Section 189 a. of the Atomic Energy Act of 1954 (<external-xref legal-doc="usc" parsable-cite="usc/42/2239">42 U.S.C. 2239(a)</external-xref>) is amended by adding at the end the following:</text><quoted-block id="H775B8839D0664508977804381D135092" style="OLC"><paragraph id="H1C02BF96FE8649A6BBCB51C7A0C38FD3" indent="up1"><enum>(3)</enum><text>Any hearing under this section shall be conducted using informal adjudicatory procedures in accordance with section 555 of title 5, United States Code, unless the Commission determines that formal adjudicatory procedures under section 554, 556, or 557 of title 5, United States Code are necessary—</text><subparagraph id="H939E05D9284E475AAB450C338FA8B9A0"><enum>(A)</enum><text>to develop a sufficient record; or</text></subparagraph><subparagraph id="HCEE5E990F369416D8243BD8FA9FFE560"><enum>(B)</enum><text>to achieve fairness.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph id="H4400C849FE304B2B8FAB06E48354A751"><enum>(2)</enum><header>Hearings on licensing of uranium enrichment facilities</header><text>Section 193(b) of the Atomic Energy Act of 1954 (<external-xref legal-doc="usc" parsable-cite="usc/42/2243">42 U.S.C. 2243(b)</external-xref>) is amended—</text><subparagraph id="H204E80DB76FB48C48D21FB12086B1830"><enum>(A)</enum><text>in paragraph (1), by striking <quote>on the record</quote> and all that follows through <quote>and 63</quote> and inserting <quote>upon a request for a hearing on the licensing of construction and operation of a uranium enrichment facility under sections 53 and 63, the Commission shall conduct a single adjudicatory hearing</quote>; and</text></subparagraph><subparagraph id="H7DC41FA4BDF64EC1A32B7DFF08800A55"><enum>(B)</enum><text>in paragraph (2), by striking <quote>Such hearing</quote> and inserting <quote>If a hearing is held under paragraph (1), the hearing</quote>.</text></subparagraph></paragraph></subsection><subsection id="H7D907EBD32904CC3B2546B54F5B57127"><enum>(e)</enum><header>Application reviews for nuclear energy projects</header><text>Section 185 of the Atomic Energy Act of 1954 (<external-xref legal-doc="usc" parsable-cite="usc/42/2235">42 U.S.C. 2235</external-xref>) is amended by adding at the end the following:</text><quoted-block id="H734DA6FCF6F046BCAC39985C2B544BAB" style="OLC"><text display-inline="no-display-inline">c. <header-in-text level="subsection" style="OLC">Application review for nuclear energy projects</header-in-text>.—</text><paragraph id="H7D01A2B8341341D79C78631F00E1FA5C"><enum>(1)</enum><header>Streamlining license application review</header><text>With respect to an application for a construction permit, operating license, or combined construction permit and operating license for a production facility or utilization facility, the Commission shall—</text><subparagraph id="HD8543C90E4AA42ED955D049B3EB0B47C"><enum>(A)</enum><text>undertake an expedited environmental review process and issue any draft environmental impact statements (as required under the National Environmental Policy Act of 1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4321">42 U.S.C. 4321</external-xref> et seq.)) for the application not later than 24 months after the date on which the application is accepted for docketing; and</text></subparagraph><subparagraph id="H2E82EDAC70044430A4886B97865FA172"><enum>(B)</enum><text>complete the technical review process of the application, issue any safety evaluation reports, and issue any final environmental impact statements (as required under the National Environmental Policy Act of 1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4321">42 U.S.C. 4321</external-xref> et seq.) for the application) not later than 24 months after the date on which the application is accepted for docketing.</text></subparagraph></paragraph><paragraph id="H4B7988F5435046B9AFE6582506C3B6F5"><enum>(2)</enum><header>Use of early site permit environmental impact statement</header><subparagraph id="H314318B0AE8E493BAF0138FAAE230B7C"><enum>(A)</enum><header>Supplemental environmental impact statement</header><text>In a proceeding for a combined construction permit and operating license for a site for which an early site permit has been issued, any environmental impact statement prepared by the Commission and cooperating agencies (as required under the National Environmental Policy Act of 1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4321">42 U.S.C. 4321</external-xref> et seq.)) shall be prepared as a supplement to the environmental impact statement prepared for the early site permit.</text></subparagraph><subparagraph id="H52469309935B42998754DD8F8309F43F"><enum>(B)</enum><header>Incorporation by reference</header><text>The supplemental environmental impact statement prepared under subparagraph (A) shall—</text><clause id="HED7A452A8C9F48A2A81B130B37C4939B"><enum>(i)</enum><text>incorporate by reference the analysis, findings, and conclusions from the environmental impact statement prepared for the applicable early site permit; and</text></clause><clause id="H864AB5F7DBF04BE6B5552A5201F1A3D6"><enum>(ii)</enum><text>include additional discussion, analyses, findings, and conclusions on matters resolved in the early site permit proceeding only to the extent necessary to address information that—</text><subclause id="HA187E1A6D31C4019A1182CDD7179407C"><enum>(I)</enum><text>is new; and</text></subclause><subclause id="HAEB6CCEC7B0E47ED9B649D8680003F90"><enum>(II)</enum><text>would materially change the prior findings or conclusions.</text></subclause></clause></subparagraph></paragraph><paragraph id="HF9851FCC6FCD47C0BB47B21C4B9CAD33"><enum>(3)</enum><header>Production or utilization facility located at an existing site</header><text>In reviewing an application for an early site permit, construction permit, operating license, or combined construction permit and operating license for a proposed production facility or utilization facility that is to be located at the site of an already licensed production facility or utilization facility, the Commission shall, to the extent practicable, use information that was part of the determination to issue a license for the already licensed production facility or utilization facility.</text></paragraph><paragraph id="H41B69A20344D4464AA37CE2D0DD4FA20"><enum>(4)</enum><header>Hearing on early site permit, construction permit, and combined construction permit and operating license</header><subparagraph id="H272D0E7CB4E14547A2B50EA42550051D"><enum>(A)</enum><header>In general</header><text>The Commission shall issue and make immediately effective an early site permit or construction permit for a production facility or utilization facility upon the Commission’s finding that the application therefor satisfies the requirements of this Act, notwithstanding any outstanding request for a hearing for such license.</text></subparagraph><subparagraph id="H3AEDD371C85A4E139F3AF524EDD447F8"><enum>(B)</enum><header>Appropriate action</header><text>Following completion of any required hearing, the Commission shall take any appropriate action with respect to the early site permit, construction permit, or combined construction permit and operating license to the extent necessary to account for the hearing results.</text></subparagraph></paragraph><paragraph id="H5C7A27738A1B4F7786CA4A518A533AF5"><enum>(5)</enum><header>Early site permit defined</header><text>In this subsection, the term <quote>early site permit</quote> has the meaning given such term in section 52.1 of title 10, Code of Federal Regulations (as in effect on the date of enactment of this subsection).</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="HD9469433FE1F4AEFB804455121C57FD8"><enum>(f)</enum><header>Definitions</header><text>In this section:</text><paragraph id="H0D3596694C604EFF96BD43AADCA81078"><enum>(1)</enum><header>Advanced nuclear reactor</header><text>The term <quote>advanced nuclear reactor</quote> means a nuclear fission or nuclear fusion reactor, including a prototype plant (as such term is defined in section 50.2 or section 52.1 of title 10, Code of Federal Regulations, as in effect on the date of enactment of this section), with significant improvements compared to a commercial nuclear reactor that is under construction as of the date of enactment of this section, including improvements such as—</text><subparagraph id="H3D340AC865F64B49AD94BC8B1BF524B5"><enum>(A)</enum><text>additional inherent safety features;</text></subparagraph><subparagraph id="H597B978FACDB4788B120EEC897E2C76B"><enum>(B)</enum><text>significantly lower levelized cost of electricity;</text></subparagraph><subparagraph id="H51F6EC424A0E4F15B5B882381F9729A1"><enum>(C)</enum><text>lower waste yields;</text></subparagraph><subparagraph id="H58EEB3E2C3E0480A8D99EAC60F383C3F"><enum>(D)</enum><text>greater fuel utilization;</text></subparagraph><subparagraph id="HF493C537B6AF49F7843254166108855E"><enum>(E)</enum><text>enhanced reliability;</text></subparagraph><subparagraph id="H343B73D382BE47DDB32E6A3C71BBC947"><enum>(F)</enum><text>increased proliferation resistance;</text></subparagraph><subparagraph id="HD085F4B2655A4411B44C126B38AECA87"><enum>(G)</enum><text>increased thermal efficiency;</text></subparagraph><subparagraph id="HB534535A08214438A14C77DA272627AC"><enum>(H)</enum><text>reduced consumption of cooling water;</text></subparagraph><subparagraph id="H308A133B0C8D4794AB90D2BA43359014"><enum>(I)</enum><text>the ability to integrate into electric applications and nonelectric applications;</text></subparagraph><subparagraph id="H1B8C68AA0C7F4F41AA8F4BABA30A8938"><enum>(J)</enum><text>modular sizes to allow for deployment that corresponds with the demand for electricity; or</text></subparagraph><subparagraph id="H79F276DBD4634C1395B77F8EB2C9EAC5"><enum>(K)</enum><text>operational flexibility to respond to changes in demand for electricity and to complement integration with intermittent renewable energy.</text></subparagraph></paragraph><paragraph id="H073A4E98358E4109948F5B85646B9797"><enum>(2)</enum><header>Applicant</header><text>The term <quote>applicant</quote> means an applicant for a license, certification, permit, or other form of approval from the Commission for an advanced nuclear reactor or a research and test reactor.</text></paragraph><paragraph id="H960E9D2E52CE4CC4B390CF0B8071B209"><enum>(3)</enum><header>Commission</header><text>The term <quote>Commission</quote> means the Nuclear Regulatory Commission.</text></paragraph></subsection><subsection id="HF26DB43B7D6B4CECA52562AAA2AF6FE9"><enum>(g)</enum><header>Authorization of appropriations</header><paragraph id="H9FD81B130CE54ACAB788043223F0E4F6"><enum>(1)</enum><header>In general</header><text>There are authorized to be appropriated to carry out subsections (a), (b), and (c) $20,000,000 for each of fiscal years 2021 through 2030, to remain available until expended.</text></paragraph><paragraph id="H7D8DB6AA5E5B433583F5053249F87396"><enum>(2)</enum><header>Off-fee appropriation</header><text>Any funds appropriated to carry out this section may not be recovered by the Commission through the collection of user fees from existing licensees.</text></paragraph></subsection></section><section id="H5A3F488246614BA2AF1DF4AB0357BE1C"><enum>305.</enum><header>Demonstration and early deployment of advanced nuclear reactors</header><subsection id="H8BCB4AEF43854E4FB32822A845429E9D"><enum>(a)</enum><header>In general</header><text>Subtitle B of title VI of the Energy Policy Act of 2005 (<external-xref legal-doc="public-law" parsable-cite="pl/109/58">Public Law 109–58</external-xref>; 119 Stat. 782) is further amended by adding after section 639(A) (as added by this Act) the following:</text><quoted-block id="HCD23A718D3914EF0BA6C74A26F5CF1A7" style="OLC"><section id="HF46E5E1BAFC24A6DA0DAFC66B0280DAB"><enum>639B.</enum><header>Advanced nuclear reactor research and development goals</header><subsection id="HD42ACD92EA4B4CDE9A5780C9C00D3958"><enum>(a)</enum><header>In general</header><text>The Secretary shall, as soon as practicable after the date of enactment of this section, enable the commercial deployment of domestic, advanced, affordable, and clean nuclear energy by—</text><paragraph id="H1FC5612344EC47C5BD495C11966D8BBE"><enum>(1)</enum><text>demonstrating different advanced nuclear reactor technologies that may be used by the private sector to produce—</text><subparagraph id="H03AB2B9A97064F37BBAA928CD55D3F70"><enum>(A)</enum><text>emission-free power at a cost of not more than $70 per mWh;</text></subparagraph><subparagraph id="H17683A5ECFBE42FD9E39781EBC321CFC"><enum>(B)</enum><text>heat for industrial purposes or synthetic fuel production;</text></subparagraph><subparagraph id="H6A3717F735494BCABC05C2DEBC579C11"><enum>(C)</enum><text>a supply of remote or off-grid energy; or</text></subparagraph><subparagraph id="H1805D430FAFD4AE0ABAB9A24D55C3F8A"><enum>(D)</enum><text>a power supply that is a necessary backup to a mission for which uninterrupted power is critical;</text></subparagraph></paragraph><paragraph id="H57185ADF69814C6AA0B23C4E4BF088C5"><enum>(2)</enum><text>developing goals for nuclear energy research programs, which are carried out by the Office of Nuclear Energy of the Department of Energy;</text></paragraph><paragraph id="H5D555222DB424BFD8B70B6C9E7CAC769"><enum>(3)</enum><text>identifying research that the private sector is unable or unwilling to undertake due to the cost of, or risks associated with, the research; and</text></paragraph><paragraph id="H181F559270D342CEB634B4359EB16CFF"><enum>(4)</enum><text>facilitating the access of the private sector—</text><subparagraph id="H87C1FF912F364DE093743BCA5D5CA3E8"><enum>(A)</enum><text>to Federal research facilities; and</text></subparagraph><subparagraph id="HC4577513479745A28C8F79D31228A9C7"><enum>(B)</enum><text>to the results of research funded by the Federal Government.</text></subparagraph></paragraph></subsection><subsection id="H7FF4F16430FE44B185F6F293EE233C39"><enum>(b)</enum><header>Demonstration projects</header><paragraph id="HADE6CEAFFC0F4B3C84FA58E244990619"><enum>(1)</enum><header>In general</header><text>Not later than December 31, 2025, the Secretary shall establish a program to enter into agreements to carry out no fewer than 5 demonstration projects pursuant to subsection (a)(1) to demonstrate the suitability of advanced nuclear reactors for commercial applications.</text></paragraph><paragraph id="HEE14E5EF138F4F15BCDC1EDFCA745D6D"><enum>(2)</enum><header>Requirements</header><text>In carrying out demonstration projects under paragraph (1), the Secretary shall—</text><subparagraph id="H20AE8AF5847E4DFDBC5056939FCFB96C"><enum>(A)</enum><text>ensure the demonstration projects under paragraph (1) cover a diverse range of designs, including designs using different primary coolants;</text></subparagraph><subparagraph id="HAEA9A5B492994A21B2BA907EE429822C"><enum>(B)</enum><text>ensure that—</text><clause id="H4A253701F1414554AD5B9ADD42ED8EA4"><enum>(i)</enum><text>the long-term cost of electricity or heat for each design involved in a demonstration project carried out under this subsection is cost-competitive in the applicable market; and</text></clause><clause id="H8A64541C8A664157860AC43CD472F488"><enum>(ii)</enum><text>such cost-competitiveness is verified by an external review;</text></clause></subparagraph><subparagraph id="HE6E2EF23090E4A218CDB1F53F2F93C6B"><enum>(C)</enum><text>enter into cost-sharing agreements with partners in accordance with section 988 for the conduct of activities relating to the research, development, and demonstration of private-sector advanced nuclear reactor designs under the program established under paragraph (1);</text></subparagraph><subparagraph id="H5BF965F24F304D74A7A46618348253AB"><enum>(D)</enum><text>work with private sector partners to identify potential sites, including sites owned by the Department, to carry out demonstration projects, as appropriate; and</text></subparagraph><subparagraph id="HD489A15A5B7E44DE8D9BBE9A3C1B4E1F"><enum>(E)</enum><text>align specific activities carried out under demonstration projects that are carried out under this subsection, with priorities identified through direct consultation between—</text><clause id="HF0A8E98A42FA4F7D9878321CEFFFE1CA"><enum>(i)</enum><text>the Secretary;</text></clause><clause id="HA1BD81214AF54F5E9347D18E226C12BE"><enum>(ii)</enum><text>the National Laboratories;</text></clause><clause id="HC9EDF12D8F104535A27EA2D16D13C676"><enum>(iii)</enum><text>traditional end-users (such as an electric utility);</text></clause><clause id="H274B5DAA52CE4ED0A88FD789F4898BAE"><enum>(iv)</enum><text>potential end-users of new technologies (such as petrochemical companies); and</text></clause><clause id="H43D3594F4F564D21A5CFE21E7C091489"><enum>(v)</enum><text>developers of advanced nuclear reactor technology.</text></clause></subparagraph></paragraph></subsection><subsection id="HC256A78751C449A49623A08B889EF59C"><enum>(c)</enum><header>Research and development goals</header><paragraph id="HC4967EC360A2435EBFFC4370C8D1F02E"><enum>(1)</enum><header>In general</header><text>The Secretary shall establish and annually update goals for the research to support the demonstration of advanced reactors under subsection (b) and the deployment of subsequent advanced reactors.</text></paragraph><paragraph id="HF3C69CAED1324472A7C18AF09F8639EA"><enum>(2)</enum><header>Coordination</header><text>In developing and updating the goals, the Secretary shall coordinate with members of private industry.</text></paragraph><paragraph id="H8CA5A2879F254B95A315A8A5082E1B71"><enum>(3)</enum><header>Requirements</header><text>In developing the goals, the Secretary shall ensure that—</text><subparagraph id="H2BA2CAF69FCD4C7AAC47CB5174BCC37A"><enum>(A)</enum><text>research activities are focused on—</text><clause id="H15D6CC3C51454C8EBB29360F4A1368D4"><enum>(i)</enum><text>key areas of nuclear research, development, and deployment that range from basic research on advanced nuclear reactor generation to full-design development, safety evaluation, and licensing;</text></clause><clause id="HD8C2A5BEE00643609970778D57870E49"><enum>(ii)</enum><text>resolving materials challenges relating to radiation damage or corrosive coolants; and</text></clause><clause id="H69F51ECC87D04687A61E19E7FBC6DC28"><enum>(iii)</enum><text>qualification of advanced nuclear fuel; </text></clause></subparagraph><subparagraph id="H8C82B3E0CFA8432D9F0B82E9F8D6BAA1"><enum>(B)</enum><text>infrastructure, such as a versatile reactor-based fast neutron source, which is required to be established in section 955(c)(1) of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16275">42 U.S.C. 16275(c)(1)</external-xref>), or a molten salt testing facility to aid in research, is constructed; and</text></subparagraph><subparagraph id="H249244A12B474AD98E46AA45FF3EA499"><enum>(C)</enum><text>advanced manufacturing and construction techniques and materials are analyzed to identify strategies to reduce the commercialization cost of advanced nuclear reactors.</text></subparagraph></paragraph></subsection><subsection id="HEEB8E8D1D991449B917446D937064F00"><enum>(d)</enum><header>Definitions</header><text>In this section:</text><paragraph id="HF60EA2B1CED54C0C998C35EF61D1914F"><enum>(1)</enum><header>Advanced nuclear reactor</header><text>The term <quote>advanced nuclear reactor</quote> means a nuclear fission or nuclear fusion reactor, including a prototype plant (as such term is defined in section 50.2 or section 52.1 of title 10, Code of Federal Regulations (as in effect on the date of enactment of this section)), with significant improvements compared to a commercial nuclear reactor that is under construction as of the date of enactment of this section, including improvements such as—</text><subparagraph id="H7CC769F4FD86423F982C0BCAD777DC58"><enum>(A)</enum><text>additional inherent safety features;</text></subparagraph><subparagraph id="H1EFB9AB48A354AA79D0926360DD55D5B"><enum>(B)</enum><text>significantly lower levelized cost of electricity;</text></subparagraph><subparagraph id="HF6027EABA91D4EBDA77F74BB7AFCDD29"><enum>(C)</enum><text>lower waste yields;</text></subparagraph><subparagraph id="H53BDE32910D643EFBE2DD1545C78F9EA"><enum>(D)</enum><text>greater fuel utilization;</text></subparagraph><subparagraph id="HE4AB933BCCD6412A91D6AE40FB2919CF"><enum>(E)</enum><text>enhanced reliability;</text></subparagraph><subparagraph id="H80C61FB894F4448EA2F12D232CC36F74"><enum>(F)</enum><text>increased proliferation resistance;</text></subparagraph><subparagraph id="HE9C7CCFD11DD499996F32F01E81CD223"><enum>(G)</enum><text>increased thermal efficiency;</text></subparagraph><subparagraph id="HB753D4D01B014A96924023EF14546A3B"><enum>(H)</enum><text>reduced consumption of cooling water;</text></subparagraph><subparagraph id="HCFB5043683454D7E9AE24E188A825AE3"><enum>(I)</enum><text>the ability to integrate into electric applications and nonelectric applications;</text></subparagraph><subparagraph id="H179400A7CBD747D69C4C4EE78A700AB6"><enum>(J)</enum><text>modular sizes to allow for deployment that corresponds with the demand for electricity; or</text></subparagraph><subparagraph id="HACDD033DFB6A4773A47B594A13CD62BC"><enum>(K)</enum><text>operational flexibility to respond to changes in demand for electricity and to complement integration with intermittent renewable energy.</text></subparagraph></paragraph><paragraph id="H84BA7ED8205643A4A1EF1E2B170BD2BA"><enum>(2)</enum><header>Demonstration project</header><text>The term <quote>demonstration project</quote> means a project carried out under subsection (b) that—</text><subparagraph id="H9ACA0283FD2047D78AA95A1EA5298FBF"><enum>(A)</enum><text>includes operation of an advanced nuclear reactor as part of the power generation facilities of an electric utility system; or</text></subparagraph><subparagraph id="HA0E46C71DFF94B21B6769C0E2DF03A30"><enum>(B)</enum><text>demonstrates the suitability of an advanced nuclear reactor for commercial application.</text></subparagraph></paragraph></subsection><subsection id="H916EEB71AD8041B0B34CD396CD67A654"><enum>(e)</enum><header>Authorization of appropriations</header><text display-inline="yes-display-inline">There are authorized to be appropriated to the Secretary to carry out this section $1,000,000,000 for each of fiscal years 2021 through 2030.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H0DB26112D3A5409F8781FC1897EA8B5C"><enum>(b)</enum><header>Table of contents amendment</header><text>The table of contents of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/15801">42 U.S.C. 15801</external-xref> note) is further amended by adding after the item relating to section 639A (as added by this Act) the following:</text><quoted-block style="OLC" id="H43604C57AB6340D98C55A3D5E50ADACD" display-inline="no-display-inline"><toc regeneration="no-regeneration"><toc-entry level="section">Sec. 639B. Advanced nuclear reactor research and development goals. </toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section><section id="H7CC91C24437A4676BAF7E20B118600FA"><enum>306.</enum><header>Advanced nuclear fuel security program</header><subsection id="H0F4CFC827714498BB10CD97B105B8E98"><enum>(a)</enum><header>Findings</header><text>Congress finds that—</text><paragraph id="H4A73DD183958456BAC32774024D6398E"><enum>(1)</enum><text>the national security nuclear enterprise, which supports the nuclear weapons stockpile stewardship and reactors functions of the National Nuclear Security Administration, requires a domestic fuel cycle, including uranium mining, uranium processing, uranium enrichment, and fuel fabrication, capable of producing low- and high-enriched uranium;</text></paragraph><paragraph id="HEFAD741E10A243488EAB4858CB79A37B"><enum>(2)</enum><text>many domestic advanced nuclear power industry participants require access to high-assay, low-enriched uranium fuel for—</text><subparagraph id="HD84159380189484681395733AB81BCBE"><enum>(A)</enum><text>initial fuel testing;</text></subparagraph><subparagraph id="H1B92E380A728466B911B2D3C3C13E3F0"><enum>(B)</enum><text>operation of demonstration reactors; and</text></subparagraph><subparagraph id="HEA286F1CC78E4A4B87A5E399FC9AD49C"><enum>(C)</enum><text>commercial operation of advanced nuclear reactors;</text></subparagraph></paragraph><paragraph id="HDBD8DB5CB7BB403FA99FFE4D48406E77"><enum>(3)</enum><text>as of the date of enactment of this Act, no domestic uranium enrichment or fuel fabrication capability exists for uranium fuel enriched to greater than 10 weight percent of the uranium-235 isotope;</text></paragraph><paragraph id="HB9FADBF82540411FACB1BD61CD1B88E9"><enum>(4)</enum><text>a healthy commercial nuclear fuel cycle capable of providing higher levels of enriched uranium would benefit—</text><subparagraph id="HB63970A9E3214C12B3F6C27847F3F32B"><enum>(A)</enum><text>the relevant national security functions of the National Nuclear Security Administration; and</text></subparagraph><subparagraph id="HDBC94E49AEAE4FD28D5872CA8C34E46A"><enum>(B)</enum><text>the domestic advanced nuclear industry of the United States; and</text></subparagraph></paragraph><paragraph id="H7FDA062E21564180872E193E6BF205D8"><enum>(5)</enum><text>making limited quantities of high-assay, low-enriched uranium available from Department stockpiles of uranium would allow for initial fuel testing and demonstration of advanced nuclear reactor concepts, accelerating—</text><subparagraph id="H12231E6B81CF4A96A888E541137BB3FB"><enum>(A)</enum><text>the path to market of those concepts; and</text></subparagraph><subparagraph id="H98156481501D4415A2994110C176D9ED"><enum>(B)</enum><text>the development of—</text><clause id="HECDDB327DB9D4229859435B25B92FBF6"><enum>(i)</enum><text>a market for advanced nuclear reactors; and</text></clause><clause id="H78E8E00DB77147CBA1F41BF8B3CE6FFD"><enum>(ii)</enum><text>a resulting growing commercial nuclear fuel cycle capability.</text></clause></subparagraph></paragraph></subsection><subsection id="HF2DC020023794D738B43CB7D27DB9E16"><enum>(b)</enum><header>Nuclear energy</header><paragraph id="H92CFFB9E5F86434DBDA691040DA59CC4"><enum>(1)</enum><header>In general</header><text>Subtitle E of title IX of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16271">42 U.S.C. 16271</external-xref> et seq.) is amended by adding at the end the following:</text><quoted-block id="H0AEE9C5C6853441097E6E6CF0C845464" style="OLC"><section id="HF02C42A5C9B648198B64921F4416FCC8"><enum>959A.</enum><header>Advanced nuclear fuel security program</header><subsection id="H00012A90DFB546CFB9A5C621580230CF"><enum>(a)</enum><header>High-Assay, low-Enriched uranium program for advanced nuclear reactors</header><paragraph id="HDEBCFF5783A24601B5C28941B82A4535"><enum>(1)</enum><header>Establishment</header><text>Not later than 1 year after the date of enactment of this section, the Secretary shall establish a program (in this section known as the <quote>Program</quote>) to make available high-assay, low-enriched uranium, through contracts for sale, resale, transfer, or lease, for use in advanced nuclear reactors.</text></paragraph><paragraph id="H7DC6EE4B508945C68A3E0BBE176AE520"><enum>(2)</enum><header>Nuclear fuel ownership</header><text>Each contract under paragraph (1) shall include a provision that—</text><subparagraph id="H08FC384FE894467B92204E45CB97D733"><enum>(A)</enum><text>requires that any high-assay, low-enriched uranium sold, resold, transferred, or leased under such contract shall remain the property of the Secretary; and</text></subparagraph><subparagraph id="HBB5E3C2B9CFC4ED59EA1F8FE21CCFDD0"><enum>(B)</enum><text>the Secretary shall be responsible for the final disposition of all radioactive waste created by the irradiation, processing, or purification of any such uranium.</text></subparagraph></paragraph><paragraph id="H1F887BBDBF1440E18A21A7E26D0B2093"><enum>(3)</enum><header>Quantity</header><text>In carrying out the Program, the Secretary shall make available—</text><subparagraph id="H3EC65B14352442A2A6CB3FCFE5C59EB3"><enum>(A)</enum><text>by December 31, 2022, high-assay, low-enriched uranium containing not less than 2 metric tons of the uranium-235 isotope; and</text></subparagraph><subparagraph id="H6C8620AFB2D24D0C95FA6B102802EF49"><enum>(B)</enum><text>by December 31, 2025, high-assay, low-enriched uranium containing not less than 10 metric tons of the uranium-235 isotope, which shall include the quantities of the uranium-235 isotope required to be made available under subparagraph (A).</text></subparagraph></paragraph><paragraph id="H1B9452B18FBF410EAED80F5AC1077A48"><enum>(4)</enum><header>Factors for consideration</header><text>In carrying out the Program, the Secretary shall take into consideration options for providing high-assay, low-enriched uranium from the stockpile of uranium owned by the Department (including the National Nuclear Security Administration), including by providing from among such stockpile—</text><subparagraph id="H818E04BA8DAB44A3AEC68CBCEB876F05"><enum>(A)</enum><text>fuel that—</text><clause id="H42E7B1F544AF48C19216E12F9C7C9794"><enum>(i)</enum><text>directly meets the needs of an end-user; and</text></clause><clause id="HE8CFB014AD754AB68565165E639C6D03"><enum>(ii)</enum><text>has been previously used or fabricated for another purpose;</text></clause></subparagraph><subparagraph id="HE2F6DF789503440B829A90A9E9862C0C"><enum>(B)</enum><text>fuel that can meet the needs of an end-user after removing radioactive contaminants or other contaminants that resulted from a previous use or fabrication of the fuel for research, development, demonstration, or deployment activities of the Department (including activities of the National Nuclear Security Administration); and</text></subparagraph><subparagraph id="HBF912EBF1E7D4FADA152EC12664B14C7"><enum>(C)</enum><text>fuel from a high-enriched uranium stockpile, which can be blended with lower-assay uranium to become high-assay, low-enriched uranium that may be used in an advanced nuclear reactor.</text></subparagraph></paragraph><paragraph id="HB8A6F2D1E8AA47B1987F3D6E2E55A82F"><enum>(5)</enum><header>Limitation</header><text>The Secretary shall not barter or otherwise sell, resell, or transfer uranium in any form in exchange for services relating to the final disposition of radioactive waste from uranium that is the subject of a sale, lease, release, or transfer under this section.</text></paragraph><paragraph id="HF051C5FAE2684773BCCDDBE526419D4E"><enum>(6)</enum><header>Sunset</header><text>The Program shall terminate on the earlier of—</text><subparagraph id="HC310130CAFAC4400B8E291EF8F00638B"><enum>(A)</enum><text>January 1, 2035; or</text></subparagraph><subparagraph id="H5C55F01001A7497BB582FCBB8E5C5A14"><enum>(B)</enum><text>the date on which uranium enriched up to, but not equal to, 20 weight percent can be obtained in the commercial market from domestic suppliers, as determined by the Secretary.</text></subparagraph></paragraph></subsection><subsection id="H73FF0CDB9F2749D8BE8FC67DC61EE523"><enum>(b)</enum><header>Report</header><paragraph id="HB6DF008A024144F0BCB93583064CF658"><enum>(1)</enum><header>In general</header><text>Not later than 180 days after the date of enactment of this section, the Secretary shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives a report that—</text><subparagraph id="H1A3811A258F443E4B7111F89F45FE8C8"><enum>(A)</enum><text>describes the actions the Secretary proposes to carry out under the Program; and</text></subparagraph><subparagraph id="H82858C79D9964283926777A6840B59D7"><enum>(B)</enum><text>includes—</text><clause id="H2818B6A4A1D545A7BBD19307973A5D20"><enum>(i)</enum><text>the estimates under paragraph (3); and</text></clause><clause id="HB8B1CF25B9BE4480BD1E3C1650D45E1D"><enum>(ii)</enum><text>the evaluations under paragraph (4).</text></clause></subparagraph></paragraph><paragraph id="HE347469B5895497E96A20CCBDEA57EB1"><enum>(2)</enum><header>Coordination and stakeholder input</header><text>In developing the report required under paragraph (1), the Secretary shall seek input from—</text><subparagraph id="H164C268244534BF49144B1ACEB3FACF4"><enum>(A)</enum><text>the Nuclear Regulatory Commission;</text></subparagraph><subparagraph id="H98C5727B701B4839BA0DA1156B683A1C"><enum>(B)</enum><text>the National Laboratories;</text></subparagraph><subparagraph id="H9DF5B5254D574BE2AC9F70754C8E626C"><enum>(C)</enum><text>institutions of higher education (as such term is defined in section 101 of the Higher Education Act of 1965 (<external-xref legal-doc="usc" parsable-cite="usc/20/1001">20 U.S.C. 1001(a)</external-xref>));</text></subparagraph><subparagraph id="HF02DFB36121C45A9AC8EFA3DF8141F4A"><enum>(D)</enum><text>a diverse group of entities operating in the nuclear energy industry; and</text></subparagraph><subparagraph id="H77B79369AE0C48458CE1C126D636A6DE"><enum>(E)</enum><text>a diverse group of technology developers.</text></subparagraph></paragraph><paragraph id="H0290853A11D943D3B99ECABD3CD60C28"><enum>(3)</enum><header>Cost and schedule estimates</header><text>The report required under paragraph (1) shall include estimated costs, budgets, and timeframes for enabling the use of high-assay, low-enriched uranium.</text></paragraph><paragraph id="HEBB07F27573647139E92FE7964B97879"><enum>(4)</enum><header>Required evaluations</header><text>The report required under paragraph (1) shall evaluate—</text><subparagraph id="HC0D93FB1140A44BEA596159A46F3AC33"><enum>(A)</enum><text>the costs of the actions required to establish and carry out the Program, including with respect to—</text><clause id="H1F15EB9EC2634E5BB8CE4487022B0D01"><enum>(i)</enum><text>proposed preliminary terms for the sale, resale, transfer, and leasing of high-assay, low-enriched uranium (including guidelines defining the roles and responsibilities of the Department and the purchaser, transfer recipient, or lessee); and</text></clause><clause id="H057D68E97F9445B3BC43102669CD839F"><enum>(ii)</enum><text>the potential to coordinate with purchasers, transfer recipients, and lessees regarding—</text><subclause id="H2A932EAA77B04A72A62172D7F07727DC"><enum>(I)</enum><text>fuel fabrication; and</text></subclause><subclause id="H66AD9B88984E438BAA0AEA6D6B01CD7B"><enum>(II)</enum><text>fuel transportation;</text></subclause></clause></subparagraph><subparagraph id="H5E6C4742F99844AB9D6F8D1DB2F55DAA"><enum>(B)</enum><text>the potential sources of uranium and fuel forms available to carry out the Program;</text></subparagraph><subparagraph id="H1989B01A79B14CA98705BA11C29ADE9A"><enum>(C)</enum><text>options to coordinate carrying out the Program with the operation of the versatile reactor-based fast neuron source, which is required to be established under section 955(c) of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16275">42 U.S.C. 16275(c)</external-xref>);</text></subparagraph><subparagraph id="HE0049F99B92E47708FC498E1EACD3BC2"><enum>(D)</enum><text>the ability of the domestic uranium market to provide materials for advanced nuclear reactor fuel; and</text></subparagraph><subparagraph id="H46C818D932ED428EA1EB976A07F40E41"><enum>(E)</enum><text>any associated legal, regulatory, and policy issues that should be addressed to—</text><clause id="HB577F0FFDA8D41339ABC82262ECAC9DB"><enum>(i)</enum><text>carry out the Program; and</text></clause><clause id="H74A31141709C4012BDE88DB8AC8D2C94"><enum>(ii)</enum><text>enable the establishment of a domestic industry capable of providing high-assay, low-enriched uranium for commercial and noncommercial purposes, including with respect to the needs of—</text><subclause id="H0099E0B4F38043AC9E39CA5133D8AC20"><enum>(I)</enum><text>the Department;</text></subclause><subclause id="H6D60A7BC5A13400F9DC2B224F943BD64"><enum>(II)</enum><text>the Secretary of Defense; and</text></subclause><subclause id="H1216C3E70ECF4E91950BE6CAFA5DBBA4"><enum>(III)</enum><text>the under Secretary of the National Nuclear Security Administration.</text></subclause></clause></subparagraph></paragraph></subsection><subsection id="H9631EEB0E0514FEEA6334551E48E1FB2"><enum>(c)</enum><header>Definitions</header><text>In this section:</text><paragraph id="HCFF5931E13004A06905CB46CEFDFF71D"><enum>(1)</enum><header>High-assay, low-enriched uranium</header><text>The term <quote>high-assay, low-enriched uranium</quote> means uranium that is enriched with the uranium-235 isotope in an assay weight that is greater than 5 percent, but less than 20 percent.</text></paragraph><paragraph id="HBD9B35AAC3D749499367539263923EE3"><enum>(2)</enum><header>High-enriched uranium</header><text>The term <quote>high-enriched uranium</quote> means uranium that is enriched with the uranium-235 isotope in an assay weight of 20 percent or more.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph id="H73A16AF73FD141C7A5F00556CA45BEF7"><enum>(2)</enum><header>Table of contents</header><text>The table of contents of the Energy Policy Act of 2005 (<external-xref legal-doc="public-law" parsable-cite="pl/109/58">Public Law 109–58</external-xref>; 119 Stat. 594) is amended—</text><subparagraph id="H96F2320EF8854234AAA9C961452CC848"><enum>(A)</enum><text>in the item relating to section 957, by inserting <quote>Sec. </quote> before <quote>957</quote>;</text></subparagraph><subparagraph id="HC88BA254119D49A6B51D4F8D81C3B6A1"><enum>(B)</enum><text>in the item relating to section 958, by inserting <quote>Sec. </quote> before <quote>958</quote>;</text></subparagraph><subparagraph id="HADFF0583D33648A5A2B1FEF7F0496D7F"><enum>(C)</enum><text>in the item relating to section 959, by inserting <quote>Sec. </quote> before <quote>959</quote>; and</text></subparagraph><subparagraph id="HDE7A2B3AAC70438F9F52D705141B9A9E"><enum>(D)</enum><text>by adding after the item relating to section 959 (as amended by this paragraph) the following:</text><quoted-block style="OLC" id="H806B32E7FEE142D98D406A3B4D980974" display-inline="no-display-inline"><toc regeneration="no-regeneration"><toc-entry level="section">Sec. 959A. Advanced nuclear fuel security program. </toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph></subsection></section><section id="H31F3A45C727E4C2EA571379B9BDDA248"><enum>307.</enum><header>Authorization of appropriations for loan guarantees for advanced nuclear facilities</header><text display-inline="no-display-inline">Section 1704 of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16514">42 U.S.C. 16514</external-xref>) is amended by adding at the end the following:</text><quoted-block id="H1316E23787E24FB3B9A7337B2FF05291" style="OLC"><subsection id="H2664F77588E844D5A28B40BBCCC9592E"><enum>(c)</enum><header>Advanced nuclear energy facilities</header><text>The Secretary is authorized to make guarantees and credit subsidies for advanced nuclear energy facilities under section 1703(b)(4) for loans of $10,000,000,000 for each of fiscal years 2021 through 2030, to remain available until expended.</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block></section><section id="HC1000BAF1FA74CACB3E087E916618B0E"><enum>308.</enum><header>Expanding the production tax credit for nuclear power</header><text display-inline="no-display-inline"><external-xref legal-doc="usc" parsable-cite="usc/26/45J">Section 45J</external-xref> of the Internal Revenue Code of 1986 is amended—</text><paragraph id="HFE71680259044D70B8E0C9AD15373E89"><enum>(1)</enum><text>in subsection (a)(1), by striking <quote>1.8 cents</quote> and inserting <quote>2.7 cents</quote>;</text></paragraph><paragraph id="HE75D88D16334411AA9EBEE29FDCEA895"><enum>(2)</enum><text>in subsection (b)(5)(B)(ii), by striking <quote>6,000 megawatts</quote> and inserting <quote>15,000 megawatts</quote>; and</text></paragraph><paragraph id="HF9BC06D119DE46A4B6595F314DEEFAE2"><enum>(3)</enum><text>in subsection (e), by striking paragraph (1) and redesignating paragraphs (2) and (3) as (1) and (2), respectively.</text></paragraph></section><section id="H9BE492D80CDD442EAFCAFC2819646F38"><enum>309.</enum><header>Authorizations of appropriations for innovation in nuclear power</header><text display-inline="no-display-inline">There are authorized to be appropriated to the Secretary $1,000,000,000 for each of fiscal years 2021 through 2030—</text><paragraph id="H3F43A2F7BE6D4226B6CB86C0E2784C03"><enum>(1)</enum><text>for Gateway for Accelerated Innovation in Nuclear vouchers;</text></paragraph><paragraph id="HEF61887C463D4F598FF462F8B7A67C9D"><enum>(2)</enum><text>for advanced nuclear technology development funding opportunity announcements;</text></paragraph><paragraph id="H0989535861AB403B9430FEAFBD8407C3"><enum>(3)</enum><text>for advanced small modular reactor research and development;</text></paragraph><paragraph id="H0FE1A931B079420EBEA75E60E5056678"><enum>(4)</enum><text>for the advanced reactor demonstration program; and</text></paragraph><paragraph id="H0AA78ED71C1E43A39DFDF0584107AD9B"><enum>(5)</enum><text>up to $60,000,000 for the Nuclear Reactor Innovation Center.</text></paragraph></section><enum>IV</enum><header>Clean Electricity Standard</header><section id="H35CEDDB340914183906CEF65BFBDA131"><enum>401.</enum><header>Certification of cost-effective market penetration of clean electricity technologies</header><text display-inline="no-display-inline">Title VI of the Public Utility Regulatory Policies Act of 1978 (<external-xref legal-doc="usc" parsable-cite="usc/16/2601">16 U.S.C. 2601</external-xref> et seq.) is amended by adding at the end the following:</text><quoted-block id="H4F77C4A47FC64652954C3F92F4B53311" style="OLC"><section id="H1D9E3ACDD8984EB1BEAA22796FCFD5AE"><enum>610.</enum><header>Federal decarbonization and innovation assessment program</header><subsection id="HDDDA4B35D33E4D2580C80B40B97C068C"><enum>(a)</enum><header>In general</header><text>Not later than 2 years after the date of enactment of this section, the Secretary, after consultation with the Administrator of the Environmental Protection Agency, shall establish a program, to be known as the <quote>Federal Decarbonization and Innovation Assessment Program</quote>, to annually review and monitor progress towards the achievement of—</text><paragraph id="H4A047EF3D2E84C7AA7269F1808DEF01B"><enum>(1)</enum><text>an 80 percent reduction in annual power sector carbon dioxide emissions, below the level in the year of enactment, by 2050; and</text></paragraph><paragraph id="H0FD7AF295CCF4A4AB64471AA9A38DAE1"><enum>(2)</enum><text>cost-effective market penetration of advanced clean power generation technologies, in accordance with subsection (b).</text></paragraph></subsection><subsection id="H510378CE80D8452683E10284DFC1D732"><enum>(b)</enum><header>Cost-Effective market penetration</header><text>Cost-effective market penetration of advanced clean power generation technologies shall be deemed to have occurred on the date when the Secretary determines that—</text><paragraph id="HDD8A1761AA2D424DB76A41C778BB60A4"><enum>(1)</enum><text>at least 3 gigawatts of new electricity generating capacity using any type of eligible technology has come into commercial operation since enactment of this section, provided that—</text><subparagraph id="HDB5F240D3D304133BFA547549FE0BE39"><enum>(A)</enum><text>less than 50 percent of the capital costs of such capacity has been subsidized with Federal funds; and</text></subparagraph><subparagraph id="H1D257E9930BC4FEDB7A2DB8ACB103E9B"><enum>(B)</enum><text>at least 1 gigawatt of the new electricity generating capacity using eligible technology is coal-fired electricity generation using carbon capture utilization and storage technology; or</text></subparagraph></paragraph><paragraph id="H58E5EBEE92F347EDA8858724C3D87DC3"><enum>(2)</enum><text>at least one type of eligible technology has similar operating characteristics, such as dispatchability upon demand and duty cycle, as existing fossil-fueled electricity generation and, based on data provided by the Energy Information Administration, has a total cost of electricity generation that is not more than 10 percent higher than the average total cost of electricity generation from such existing fossil-fueled electricity generation that has been constructed within the 5 years prior to enactment of this section.</text></paragraph></subsection><subsection id="H7362F980EAA8435FBD135DE7A6FDCDC1"><enum>(c)</enum><header>Certification of cost-Effective market penetration</header><text>Upon making the determination described under subsection (b), but no earlier than 5 years after enactment of this section, the Secretary shall certify that cost-effective market penetration of advanced clean power generation technologies has occurred.</text></subsection><subsection id="H4AA7D6E4237B4DD3A031CD9BC628284F"><enum>(d)</enum><header>Definitions</header><text>In this section:</text><paragraph id="H8D53F9134326413B915C37C75D114A5C"><enum>(1)</enum><header>Advanced dispatchable renewable generation</header><text>The term <quote>advanced dispatchable renewable generation</quote> means renewable electricity generation capacity that the Secretary has determined can be used upon demand by grid operators, including renewable electricity generation facilities that are supported by long-duration energy storage.</text></paragraph><paragraph id="H67FF83258A7E4E5982A848B7FDE7B673"><enum>(2)</enum><header>Advanced nuclear power generation</header><text>The term <quote>advanced nuclear power generation</quote> means electricity generation capacity using an advanced nuclear reactor, as such term is defined in section 640 of the Energy Policy Act of 2005.</text></paragraph><paragraph id="H876956B3453B45CE8B091757976D1C6E"><enum>(3)</enum><header>Eligible technologies</header><text>The term <quote>eligible technologies</quote> means the following types of technologies:</text><subparagraph id="H1A947AD70E5B4AA1BDFD2365C614C0F2"><enum>(A)</enum><text>Advanced nuclear power generation.</text></subparagraph><subparagraph id="H498BAFA16E11411CB7C68F41F6DFE772"><enum>(B)</enum><text>Advanced dispatchable renewable generation.</text></subparagraph><subparagraph id="H36FCBAF15F3F43B6BD27A321E147B819"><enum>(C)</enum><text>Fossil-fueled electricity generation equipped with carbon capture technology, from which at least 90 percent of carbon dioxide output is captured and utilized or stored in a manner that prevents emission to the atmosphere.</text></subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></section><section id="HCB8E5FDFED9342598CCD9487B3C39FBA"><enum>402.</enum><header>Federal clean electricity standard</header><text display-inline="no-display-inline">Title VI of the Public Utility Regulatory Policies Act of 1978 (<external-xref legal-doc="usc" parsable-cite="usc/16/2601">16 U.S.C. 2601</external-xref> et seq.) is further amended by adding after section 610 (as added by this Act) the following:</text><quoted-block id="H364375C924F0475A819ACCA809C721B4" style="OLC"><section id="HDB032CF15B754BC5B846B06C207C0C8A"><enum>611.</enum><header>Federal clean electricity standard</header><subsection id="HF224AF94EC9143C8B54B6AFFACA49419"><enum>(a)</enum><header>Clean electricity requirement</header><paragraph id="H33B9B1C0E9F74257A17DF453D403E4E3"><enum>(1)</enum><header>Definition of retail electricity supplier</header><text>In this section, as determined for each calendar year, the term <quote>retail electricity supplier</quote> means an entity in the United States that sold not fewer than 20 megawatt-hours of electric energy to electric consumers for purposes other than resale during the preceding calendar year.</text></paragraph><paragraph id="H2AFB1403723548B9ABC51414288359CE"><enum>(2)</enum><header>In general</header><text>Effective beginning in the first compliance period of the program, and for each compliance period thereafter, each retail electricity supplier shall surrender clean electricity credits corresponding to the required percentage, as determined under paragraph (3), of the electric energy it sells to electric consumers.</text></paragraph><paragraph id="H01456BE95FF349EFAD21A757A1B0AA5C"><enum>(3)</enum><header>Determination of required percentage</header><text>The Secretary shall determine, and may adjust as needed, the required percentage for each compliance period, such that the power sector achieves, by 2050, a reduction in carbon dioxide emissions of 80 percent from emission levels in the year of enactment of this section, and that carbon dioxide emission levels are reduced linearly in each compliance period through 2050, provided that—</text><subparagraph id="H18A73AA9B44047C28C45E594A89F1BD6"><enum>(A)</enum><text>in 2026, the Secretary shall make a projection of the electricity generated in 2030 that could qualify for clean electricity credits under subsection (d);</text></subparagraph><subparagraph id="HB939D8B89E8C43D9BF1959793C0B0C41"><enum>(B)</enum><text>the required percentage for the first compliance period shall be the greater of—</text><clause id="H53F64FCAC1A64FB5B6E157D7992A4B8A"><enum>(i)</enum><text>the percentage of electricity generated that would qualify for issuance of clean electricity credits under subsection (d) in the year of enactment of this section; and</text></clause><clause id="H3A0A5C77B1E74437B3BA19DCACD6D5FD"><enum>(ii)</enum><text>the Secretary’s projection for 2030 under subparagraph (A); and</text></clause></subparagraph><subparagraph id="H38A8D2FB49F14441AE0B703DF4621D13"><enum>(C)</enum><text>the required percentage shall be uniform for each retail electric supplier regulated under this section for any compliance period.</text></subparagraph></paragraph><paragraph id="H852FFFEF51294A2183EA5F7311171DB5"><enum>(4)</enum><header>Early projection of required percentage to promote compliance planning</header><text>Not later than two years after the date of enactment of this section, the Secretary shall make a projection of the required percentage for the first compliance period, extrapolating from the prior five years of electricity generation.</text></paragraph></subsection><subsection id="H786FA6A07E4649338688148F14AD86F9"><enum>(b)</enum><header>Compliance</header><text>A retail electric supplier shall meet the requirements of subsection (a) for each compliance period by—</text><paragraph id="H82DB470827F6466BBA732CCFAFCB2C93"><enum>(1)</enum><text>submitting to the Secretary a number of clean electricity credits equal to the product of the required percentage for the compliance period times the volume of electric energy the retail electric supplier sold to consumers during the compliance period;</text></paragraph><paragraph id="H4464D14E947449C4886F4523459F4CC5"><enum>(2)</enum><text>paying an amount equal to the product of the alternative compliance payment, in the amount specified in subsection (h), times the number of clean electricity credits that would otherwise be due under paragraph (1) in the compliance period; or</text></paragraph><paragraph id="H94AF54C6BE6F459D83B074060657D4C3"><enum>(3)</enum><text>taking a combination of the actions described in paragraphs (1) and (2).</text></paragraph></subsection><subsection id="HE2E76374E33C4C10AB5C8DB298FEEF37"><enum>(c)</enum><header>Federal clean electricity credit trading program</header><paragraph id="HE41C46F8B57A458B90073D9E3827ABE8"><enum>(1)</enum><header>Establishment</header><text>Not later than 180 days after the program trigger date, the Secretary shall establish a Federal clean electricity credit accounting and trading program under which clean electricity credits may be acquired, sold, transferred, and held and electric utilities may submit to the Secretary clean electricity credits to comply with the requirements of this section.</text></paragraph><paragraph id="H31CA67EA2B2E4B449E274857654D9E11"><enum>(2)</enum><header>Clean electricity credits</header><text>Each year, the Secretary shall issue to each generator of electric energy a quantity of clean electricity credits determined in accordance with subsection (d).</text></paragraph><paragraph id="HC57924E7D74C404ABE0E372CB587CB75"><enum>(3)</enum><header>Administration</header><text>Each clean electricity credit issued under this subsection shall be used only once for the purpose of complying with the requirements of this section.</text></paragraph><paragraph id="HA846EC02A19E47AB8F244C5CDB93661C"><enum>(4)</enum><header>Delegation of program administration</header><text>In carrying out this subsection, the Secretary may delegate—</text><subparagraph id="H82086AF5FA524B1CB3AFD9F63D56AC1B"><enum>(A)</enum><text>to the Commission, the implementation of some or all of the program established under paragraph (1); and</text></subparagraph><subparagraph id="HDB38FE7B48674803A2B36AF15D1A910C"><enum>(B)</enum><text>to appropriate entities, the tracking of clean electricity credits.</text></subparagraph></paragraph><paragraph id="H7C42C71E6BB14645B5A5E9E0705D1FC8"><enum>(5)</enum><header>Banking of clean electricity credits</header><text>Clean electricity credits issued under subsection (d) shall be valid for the compliance period in which the clean electricity credit is issued or in any subsequent compliance period.</text></paragraph></subsection><subsection id="H78EBEDEC16DA45F982A8CBFBE51F0715"><enum>(d)</enum><header>Issuance of clean electricity credits</header><paragraph id="HF4B4AEC23C7D4236A44A4FDE061B67DD"><enum>(1)</enum><header>In general</header><text>For each calendar year, starting with the year of the program effective date, the Secretary shall issue clean electricity credits to each electricity generator in the United States that has sold electricity and has an annual carbon intensity of less than 0.825 metric tons per megawatt-hour.</text></paragraph><paragraph id="H535ADD0CBFD84E7FADA0A04F3AA46137"><enum>(2)</enum><header>Determination of credits issued</header><text>The number of clean electricity credits issued under paragraph (1) shall be equal to the product of—</text><subparagraph id="H5449F228CCE343AEB8A1078BAB0CDDC9"><enum>(A)</enum><text>the number of megawatt-hours of electric energy sold from the electricity generator; and</text></subparagraph><subparagraph id="H44267DDA34DE4D51BD1263ED0BAB0871"><enum>(B)</enum><text>1.0 minus the quotient obtained by dividing—</text><clause id="H51536EE7A97745769B6988E3E5A52B75"><enum>(i)</enum><text>the annual carbon intensity of the generator, as determined in accordance with paragraph (3), expressed in metric tons per megawatt-hour; by</text></clause><clause id="H47FDC07E24E440B183BEC34B96105379"><enum>(ii)</enum><text display-inline="yes-display-inline">0.82.</text></clause></subparagraph></paragraph><paragraph id="HBB6A1E7E0C6648D59484D59685CE965C"><enum>(3)</enum><header>Determination of annual carbon intensity of generating facilities</header><text>With respect to paragraph (2)(B)(i), the Secretary shall determine, in consultation with the Administrator of the Environmental Protection Agency, the annual carbon intensity of each generator by dividing—</text><subparagraph id="HC4B35F2EA7AE4ACFB840FEE2A83C05B9"><enum>(A)</enum><text>the net annual carbon dioxide emissions of the generator; by</text></subparagraph><subparagraph id="H37941B4772444BA0BA06C1BACEB53A6C"><enum>(B)</enum><text>the annual quantity of electric energy generated and sold by the generator.</text></subparagraph></paragraph></subsection><subsection id="H1FA9AE56E08F42F28AC88C09DAF3673F"><enum>(e)</enum><header>Dynamic crediting</header><text>If the Secretary approves use of a dynamic crediting methodology or methodologies under section 612(c), the Secretary shall implement such methodology or methodologies in lieu of the crediting methodology established under subsection (d)(2) as a means of issuing clean electricity credits.</text></subsection><subsection id="H44AE7B5DB33A415A80989A4078F9F1CB"><enum>(f)</enum><header>Civil penalties</header><paragraph id="H1F9647ABCF6141FCB56884825F975403"><enum>(1)</enum><header>In general</header><text>Subject to paragraph (2), a retail electric supplier that fails to meet the requirements to submit clean electricity credits or make alternative compliance payments as required by subsection (b) shall be subject to a civil penalty in an amount equal to the product obtained of—</text><subparagraph id="HE16B6F123AE14DA1AF2AFA09350CBAFB"><enum>(A)</enum><text>the number of megawatt-hours of electric energy sold by the retail electric supplier to electric consumers in violation of subsection (b); and</text></subparagraph><subparagraph id="H663146F6027241C989DB95DD066A6C8A"><enum>(B)</enum><text>200 percent of the value of the applicable alternative compliance payment as determined under subsection (h).</text></subparagraph></paragraph><paragraph id="H2980B6239DF9446EA6F710890567A6EE"><enum>(2)</enum><header>Procedure for assessing penalty</header><text>The Secretary shall assess a civil penalty under this subsection in accordance with the procedures for assessing a penalty against a person under section 333(d) of the Energy Policy and Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/42/6303">42 U.S.C. 6303(d)</external-xref>).</text></paragraph></subsection><subsection id="H964E7CCECD8D45F8986EFE41698708F2"><enum>(g)</enum><header>Savings provision</header><text>Nothing in this section affects the authority of a State, or a political subdivision of a State, to adopt or enforce any law relating to—</text><paragraph id="HB584FCA6FE1A4381A2CEE10D7518860D"><enum>(1)</enum><text>clean electricity or renewable energy;</text></paragraph><paragraph id="HAC534DADBE1948A9ADDF33C876CFA857"><enum>(2)</enum><text>carbon dioxide emissions; or</text></paragraph><paragraph id="H1B846B617E2F42AEB03BA417D14CCD14"><enum>(3)</enum><text>the regulation of a retail electric supplier.</text></paragraph></subsection><subsection id="H580961FD42384B718BDAEC7BA8FC1A49"><enum>(h)</enum><header>Alternative compliance payment</header><paragraph id="H90E85422F11D4E098132A08538769CD5"><enum>(1)</enum><header>Initial amount</header><text>The alternative compliance payment for the first year of the first compliance period shall be $30 per megawatt hour.</text></paragraph><paragraph id="HD5849DFF25874937857AA246FA3527F6"><enum>(2)</enum><header>Annual adjustments to alternative compliance payment</header><text>For each year after the first year of the first compliance period, the Secretary shall increase the amount of the alternative compliance payment from the amount for the prior year by 5 percent. The Secretary may make an additional annual adjustment to account for inflation, as the Secretary may determine necessary.</text></paragraph></subsection><subsection id="HE234382D1AC14CADA839C8736872592E"><enum>(i)</enum><header>Regulations</header><text display-inline="yes-display-inline">Not later than 1 year after the date of enactment of this section, the Secretary shall promulgate regulations to implement this section. </text></subsection><subsection id="H4BA8EEC139A64CBDBB4FF50B8C0C915C"><enum>(j)</enum><header>Definitions</header><text>In this section:</text><paragraph id="HC633168E55D948BA8303DA72CCD1C9CC"><enum>(1)</enum><header>Compliance period</header><text>The term <quote>compliance period</quote> means the 3-year period starting on the program effective date and each 3-year period thereafter until 2050.</text></paragraph><paragraph id="H0EC916F09B4A4FA8A78EA4566C679A71"><enum>(2)</enum><header>Program trigger date</header><text>The term <quote>program trigger date</quote> means January 1 of the first calendar year after the Secretary issues the certification under section 610(c).</text></paragraph><paragraph id="H76279BC8C3204064B64F30A049D441FD"><enum>(3)</enum><header>Program effective date</header><text>The term <quote>program effective date</quote> means the earlier of—</text><subparagraph id="H07BD473E92314843A1A9A44B6963B951"><enum>(A)</enum><text>January 1 of the first calendar year that starts two years after the program trigger date; or</text></subparagraph><subparagraph id="HF4725C6333A3473D84B5B6BD47878693"><enum>(B)</enum><text>January 1 of the first calendar year that is more than 10 years after the date of enactment of this section.</text></subparagraph></paragraph></subsection></section><section id="HEBE56F3B9B3844179C07EFECEE7D1F57"><enum>612.</enum><header>Use of dynamic crediting to issue clean electricity credits</header><subsection id="H046434CD0E1E493597C03C539B41036E"><enum>(a)</enum><header>Identification of dynamic crediting methodologies</header><text>Not later than 2 years after the date of enactment of this section, the Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall identify methodologies for calculating the carbon dioxide emissions from electricity generating resources that are avoided or displaced by increasing the generation from generating facilities eligible to receive clean electricity credits under section 611(d). In carrying out this subsection, the Secretary shall—</text><paragraph id="HB78B2E2CB02E4BBD87A3C3D739F66284"><enum>(1)</enum><text>identify methodologies that estimate in an accurate manner the net carbon dioxide emissions avoided or displaced due to the electricity generated by each specific generating facility in each generation dispatch interval; and</text></paragraph><paragraph id="H4BF7C94107524A58AAA8BC56AB053D96"><enum>(2)</enum><text>identify such a methodology or methodologies, as appropriate for generation resources located within the region served by a regional transmission organization or independent system operator, as defined in section 3 of the Federal Power Act (<external-xref legal-doc="usc" parsable-cite="usc/16/796">16 U.S.C. 796</external-xref>), and for generation resources operating outside such regions.</text></paragraph></subsection><subsection id="HF037A4ADF4B546AC8406DB6AB96A189F"><enum>(b)</enum><header>Commission review of dynamic crediting methodologies</header><paragraph id="H7F70B04419294C6CA4A0C7CD58CA9C5F"><enum>(1)</enum><text>The Secretary shall share the identified dynamic crediting methodologies with the Commission.</text></paragraph><paragraph id="H06D9E671E48948CA8ECFA3ADE05C5B7C"><enum>(2)</enum><text>Not later than 120 days after its receipt of the dynamic crediting methodologies from the Secretary, the Commission shall hold a technical conference in partnership with State electric utility regulators to evaluate the dynamic crediting methodologies, including evaluation of alternatives.</text></paragraph><paragraph id="H44BF80103D704F999BF7841AA6B0579E"><enum>(3)</enum><text>Not later than 180 days after the technical conference held pursuant to paragraph (2), and after providing an opportunity for public comment, the Commission shall provide a report to the Secretary on the technical conference and any Commission recommendations or evaluation concerning dynamic crediting methodologies.</text></paragraph></subsection><subsection id="HC1EB693DFCDF4D0C959F7274EEB8A356"><enum>(c)</enum><header>Determination</header><text>No later than 180 days following receipt of the report provided pursuant to subsection (b)(3), the Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall approve use of one or more identified dynamic crediting methodologies to issue clean electricity credits if the Secretary determines that such use would—</text><paragraph id="HBAB6463852EC4AA88A16C4E589720F46"><enum>(1)</enum><text>significantly enhance confidence that a clean electricity standard would achieve the carbon dioxide emission reduction targets set forth in section 611(a)(2); or</text></paragraph><paragraph id="H43D49B6A6C684C8AA91A4DC56D013777"><enum>(2)</enum><text>significantly reduce the costs of achieving such targets.</text></paragraph></subsection><subsection id="H17690F7B4BA24659BCD252B89C0DA8EB"><enum>(d)</enum><header>Use of dynamic crediting methodologies</header><text>If the Secretary approves one or more identified dynamic crediting methodologies under subsection (c), the Secretary shall implement the approved methodology to determine the number of clean electricity credits to be issued to an electricity generator in lieu of the methodology provided in 611(d)(2). The Secretary shall apply a dynamic crediting factor approved under subsection (c) for the first full calendar year after such approval, or for the first year of the first compliance period, whichever is later, except that the Secretary may delay use of approved dynamic crediting methodologies by one year if the Secretary finds that additional time is needed for the Secretary or the Commission to take actions necessary for implementation under subsection (e).</text></subsection><subsection id="H14E45C6F2ACE4F5A8D407E69CC048ED9"><enum>(e)</enum><header>Implementation</header><paragraph id="H47C7D4758ED5435887D18C4F6184E18B"><enum>(1)</enum><text>The Secretary may, by rule, require that the regional transmission organizations, independent system operators, other balancing authorities, and other appropriate entities provide the Secretary with the information necessary for the Secretary to apply any approved dynamic crediting methodology.</text></paragraph><paragraph id="HB5A126B9511D4E61AF98391A45E121DC"><enum>(2)</enum><text>At the request of the Secretary, or upon its own initiative, the Commission shall consider whether changes to tariffs on file under section 205 of the Federal Power Act (<external-xref legal-doc="usc" parsable-cite="usc/16/824d">16 U.S.C. 824d</external-xref>) are necessary to implement the requirements of any rule promulgated by the Secretary under paragraph (1).</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></section><section id="H154F35859A2D401DB7D9ECA8F0C87D7E"><enum>403.</enum><header>Regional clean electricity planning models</header><subsection id="HACB1B96453484C148A7A4916AFC92887"><enum>(a)</enum><header>Development of planning models and data</header><text>Not later than 2 years after the date of enactment this Act, the Secretary shall make available one or more regional electricity planning models and standardized sets of data, including potential renewable energy hourly production profiles at all potential locations for renewable energy deployment, that States can use to develop plans for portfolios of clean electricity resources that are capable of achieving the emission reduction trajectory provided in the clean electricity requirements established under section 611 of the Public Utility Regulatory Policies Act of 1978 at least cost and consistent with the need to maintain reliability.</text></subsection><subsection id="HA6EF3C63E42A4A59AA7F67A2BA563D8E"><enum>(b)</enum><header>Development process</header><text>In making planning models and data available under subsection (a), the Secretary shall—</text><paragraph id="HFB396E5C20004505BABE7BD22E7B1BBB"><enum>(1)</enum><text>solicit planning models and standardized, accurate data sets from the national laboratories and universities;</text></paragraph><paragraph id="H7A9BB7369ED5400DBB47D349B98FB379"><enum>(2)</enum><text>hold jointly with the Commission a technical conference on planning models and standardized data sets, including hourly profiles of renewable energy production at potential deployment locations, and consider the input from such conference in choosing planning models and data sets to make available; and</text></paragraph><paragraph id="HBD282CE294A84037A02611506FC0C763"><enum>(3)</enum><text>update the planning models and data sets made available from time to time in response to new information.</text></paragraph></subsection><subsection id="H8625CF5D22C24F71BFE1C17B78760F3D"><enum>(c)</enum><header>Use of models by States</header><text>The Secretary shall encourage States to use the models and data sets to—</text><paragraph id="H76DFB9CDB5E6449BB0442DA83EFA909C"><enum>(1)</enum><text display-inline="yes-display-inline">plan collaboratively with other States in the same North American Electric Reliability Corporation reliability region or organized electricity market on least-cost and reliable compliance with the clean electricity standard established under section 611 of the Public Utility Regulatory Policies Act of 1978; and</text></paragraph><paragraph id="H29A3EB21F30A4F25AA01ED201626A1BA"><enum>(2)</enum><text>adopt, and from time to time update, multi-State clean electricity resource deployment goals that promote least-cost deployment consistent with maintaining electric reliability.</text></paragraph></subsection></section><section id="HE7A40A56B229446CBB0FC89E6738F85E"><enum>404.</enum><header>Stand-by emission performance standards</header><subsection id="HAF5CFB0F9A75418393E62CE1A9E92557"><enum>(a)</enum><header>Annual review of electric power sector emissions</header><text>Not later than February 1 of the first year after enactment of this section, and each February 1 thereafter, the Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall publish a determination of the annual average level of greenhouse gas emissions from the electric power sector for the prior three calendar years.</text></subsection><subsection id="HF2E42C6BF2B843D38D84223339F6EED3"><enum>(b)</enum><header>Enforceability</header><text>Emission limitations for carbon dioxide emissions from fossil fuel-fired power plants established under title I of the of the Clean Air Act (<external-xref legal-doc="usc" parsable-cite="usc/42/7401">42 U.S.C. 7401</external-xref> et seq.) may be enforced by a State or by the Administrator of the Environmental Protection Agency—</text><paragraph id="HF4FD86C4B4D044FE9796CE555346C922"><enum>(1)</enum><text>before the clean electricity standard program trigger date, only if—</text><subparagraph id="HAA0C6F97C91F41EFB2F48C2CD79290FB"><enum>(A)</enum><text>the Secretary, not earlier than 5 years after the date of enactment of this Act, determines under subsection (a) that the 5-year annual average level of electric power sector greenhouse gas emissions exceeded the annual average level of such emissions for the preceding 5-year period by at least 6 percent; or</text></subparagraph><subparagraph id="H0FA4A875F20349CEA7D1613085DC2614"><enum>(B)</enum><text>the Secretary finds that significantly less than the full amount of funding authorized for programs under this Act has been appropriated, resulting in substantial limitation to or delay of the technology advancement program elements of this Act; or</text></subparagraph></paragraph><paragraph id="HBB8ABC58316D4F0D8725A74CD89C2675"><enum>(2)</enum><text>after the end of a clean electricity standard compliance period, if the clean electricity requirement is not enforced for the compliance period.</text></paragraph></subsection><subsection id="H4527023F9F664C938F3010A7E8F7EBEB"><enum>(c)</enum><header>Clean air act authorities</header><text>Except as provided in this section, neither a State nor the Administrator of the Environmental Protection Agency may enforce any emission limitation for carbon dioxide emissions from fossil fuel-fired electric power generating units established under title I of the of the Clean Air Act (<external-xref legal-doc="usc" parsable-cite="usc/42/7401">42 U.S.C. 7401</external-xref> et seq.).</text></subsection><subsection id="HBD40460E7E7A4FF993A291292A5FC929"><enum>(d)</enum><header>Definitions</header><text>In this section:</text><paragraph id="HE0E6359E344841B78F0E9B4C5C579F20"><enum>(1)</enum><header>Compliance period</header><text>The term <quote>compliance period</quote> has the meaning given such term in section 611(k)(1) of the Public Utility Regulatory Policies Act of 1978.</text></paragraph><paragraph id="HD752978FD8144D37B49EEBE891E27322"><enum>(2)</enum><header>Program trigger date</header><text>The term <quote>program trigger date</quote> has the meaning given such term in section 611(k)(2) of the Public Utility Regulatory Policies Act of 1978.</text></paragraph></subsection></section>