[Congressional Record Volume 162, Number 18 (Monday, February 1, 2016)]
[Senate]
[Pages S442-S443]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

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

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

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

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

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

     SEC. 3404. CONTRACTING AUTHORITY OF SECRETARY.

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

[[Page S443]]

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