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

  SA 3174. Ms. HEITKAMP (for herself, Mrs. Capito, Mr. Booker, Mr. 
Whitehouse, Mr. Tester, Mr. Manchin, Mr. Blunt, and Mr. Franken) 
submitted an amendment intended to be proposed to amendment SA 2953 
proposed by Ms. Murkowski to the bill S. 2012, to provide for the 
modernization of the energy policy of the United States, and for other 
purposes; which was ordered to lie on the table; as follows:

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

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

       It is the sense of the Senate that--
       (1) carbon capture, use, and storage deployment is--
       (A) an important part of the clean energy future and smart 
     research and development investments of the United States; 
     and
       (B) critical--
       (i) to increasing the energy security of the United States;
       (ii) to reducing emissions; and
       (iii) to maintaining a diverse and reliable energy 
     resource;
       (2) the fossil energy programs of the Department should 
     continue to focus on research and development of technologies 
     that will improve the capture, transportation, use (including 
     for the production through biofixation of carbon-containing 
     products), and injection processes essential for carbon 
     capture, use, and storage activities in the electrical and 
     industrial sectors;
       (3) the Secretary should continue to partner with the 
     private sector and explore avenues to bring down the cost of 
     carbon capture, including through loans, grants, and 
     sequestration credits to help make carbon capture, use, and 
     storage technologies more competitive compared to other 
     technologies that are a part of the clean energy future of 
     the United States; and
       (4) the Secretary should continue working with 
     international partners on pre-existing agreements, projects, 
     and information sharing activities of the Secretary to 
     develop the latest and most cutting-edge carbon capture, use, 
     and storage technologies for the electrical and industrial 
     sectors.
       On page 302, line 15, strike ``3401'' and insert ``3402''.
       On page 302, line 21, strike ``3402'' and insert ``3403''.
       On page 311, between lines 7 and 8, insert the following:

     SEC. 3404. REPORT ON PRICE STABILIZATION SUPPORT.

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