3.0.0 601 2023-01-11T13:28:17Z 2023-01-11T13:28:17Z Senate S 2015-02-26 114 ssfi00 Finance Committee Senate Standing Referred to 2015-02-26T22:57:15Z A bill to establish the Department of Energy as the lead agency for coordinating all requirements under Federal law with respect to eligible clean coal and advanced coal technology generating projects, and for other purposes. 114 1293 S 2015-06-09 Committee on Energy and Natural Resources. Hearings held. Related bill CRS 2015-02-26 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2015-02-26 Introduced in Senate IntroReferral 10000 9 Library of Congress H001069 Sen. Heitkamp, Heidi [D-ND] Heidi Heitkamp D ND N K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2015-02-26 True Energy Advanced technology and technological innovations Advisory bodies Air quality Business investment and capital Climate change and greenhouse gases Coal Congressional oversight Electric power generation and transmission Energy research Energy storage, supplies, demand Environmental assessment, monitoring, research Environmental technology Government lending and loan guarantees Income tax credits Income tax deductions Oil and gas Public-private cooperation Research and development Securities Technology transfer and commercialization Water quality Water use and supply Energy 00 2015-02-26 Introduced in Senate 2015-03-18T16:59:45Z Advanced Clean Coal Technology Investment in Our Nation Act of 2015 or the ACCTION Act of 2015

This bill amends the Energy Policy Act of 2005 to require the Department of Energy (DOE) to implement a program to demonstrate the integration of systems for the capture, transportation, and injection of carbon dioxide from industrial sources for long-term geological storage or enhanced oil recovery at a commercial scale.

The types of activities that must be undertaken under the existing coal and related technologies program are expanded. DOE may carry out a Transformational Coal Technology Program.

DOE must establish an advisory committee to report on the carbon capture and sequestration program and the coal and related technologies program.

Projects under the Innovative Technology Loan Guarantee Program are eligible to receive other forms of federal assistance. Within two years, DOE has to give final approval to applications for loan guarantees and make loans for advanced fossil energy technology projects under the Program.

DOE must take steps to streamline and expedite review of federal authorizations for clean coal generating projects.

This bill amends the Internal Revenue Code to: (1) allow accelerated amortization of any mechanical or electronic system which is installed on a coal-fired electric generation unit and which reduces carbon dioxide emissions by specified means; (2) allow a new credit for investment in carbon dioxide capture, transport, and storage property; and (3) create a clean energy coal bond.

This bill establishes the Enhanced Recovery Program, a variable price support program, to accelerate the construction and operation of advanced coal-fueled projects that capture carbon dioxide emissions and sell or use the carbon dioxide for enhanced recovery.

]]> ACCTION Act of 2015 Display Title ACCTION Act of 2015 Official Title as Introduced A bill to direct Federal investment in carbon capture and storage and other clean coal technologies, and for other purposes. Introduced in Senate IS Short Titles as Introduced ACCTION Act of 2015 Short Titles as Introduced Advanced Clean Coal Technology Investment in Our Nation Act of 2015 Introduced in Senate 2015-02-26T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s601is/xml/BILLS-114s601is.xml 2015-02-26 Read twice and referred to the Committee on Finance. text/xml 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.