[Congressional Record Volume 166, Number 42 (Tuesday, March 3, 2020)]
[Senate]
[Pages S1408-S1409]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1417. Mr. HOEVEN (for himself, Ms. Smith, Mr. Cramer, Mr. 
Barrasso, Mr. Daines, Mrs. Capito, and Mr. Tester) submitted an 
amendment intended to be proposed by him to the bill S. 2657, to 
support innovation in advanced geothermal research and development, and 
for other purposes; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

                 TITLE __--CARBON CAPTURE MODERNIZATION

     SEC. _01. SHORT TITLE.

       This title may be cited as the ``Carbon Capture 
     Modernization Act''.

[[Page S1409]]

  


     SEC. _02. MODIFICATIONS OF QUALIFYING ADVANCED COAL PROJECT 
                   CREDIT.

       (a) Sequestration Requirement for Certain Equipment.--
     Section 48A(e)(1)(G) of the Internal Revenue Code of 1986 is 
     amended by inserting ``and 60 percent in the case of an 
     application for a reallocation of credits under subsection 
     (d)(4) with respect to an electrical generating unit in 
     existence on October 3, 2008'' after ``under subsection 
     (d)(4)''.
       (b) Nameplate Generating Capacity Requirement.--Section 
     48A(e)(1)(C) of such Code is amended by striking ``400 
     megawatts'' and inserting ``200 megawatts''.
       (c) Advanced Coal-based Generation Technology 
     Requirements.--
       (1) In general.--Section 48A(f)(1) of such Code is amended 
     by striking ``generation technology if--'' and all that 
     follows through ``the unit is designed'' and inserting 
     ``generation technology if the unit is designed''.
       (2) Conforming amendments.--Section 48A(f) of such Code is 
     amended--
       (A) by striking all that precedes ``the purpose of this 
     section'' and inserting the following:
       ``(f) Advanced Coal-based Generation Technology.--For'',
       (B) by striking ``in subparagraph (B)'' in the second 
     sentence of paragraph (1) and inserting ``in this 
     subsection'', and
       (C) by striking paragraphs (2) and (3).
       (d) Performance Requirements in Case of Best Available 
     Control Technology.--Section 48A(f) of such Code, as amended 
     by this Act, is amended by adding at the end the following: 
     ``In the case of a retrofit of a unit which has undergone a 
     best available control technology analysis after August 8, 
     2005, with respect to the removal or emissions of any 
     pollutant which is SO2 or NOx, the 
     removal or emissions design level with respect to such 
     pollutant shall be the level determined in such analysis.''.
       (e) Clarification of Reallocation Authority.--Section 
     48A(d)(4) of the Internal Revenue Code of 1986 is amended--
       (1) in subparagraph (A)--
       (A) by striking ``Not later than 6 years after the date of 
     enactment of this section, the'' and inserting ``The'', and
       (B) by inserting ``and every 6 months thereafter until all 
     credits available under this section have been allowed'' 
     after ``the date which is 6 years after the date of enactment 
     of this section'',
       (2) in subparagraph (B)--
       (A) by striking ``may reallocate credits available under 
     clauses (i) and (ii) of paragraph (3)(B)'' and inserting 
     ``shall reallocate credits remaining available under 
     paragraph (3)'',
       (B) by striking ``or'' at the end of clause (i), and
       (C) by striking clause (ii) and inserting the following:
       ``(ii) any applicant for certification which submitted an 
     accepted application has subsequently failed to satisfy the 
     requirements under paragraph (2)(D), or
       ``(iii) any certification made pursuant to paragraph (2) 
     has been revoked pursuant to paragraph (2)(E).'', and
       (3) in subparagraph (C)--
       (A) by striking ``clause (i) or (ii) of paragraph (3)(B)'' 
     and inserting ``paragraph (3)'',
       (B) by striking ``is authorized to'' and inserting 
     ``shall'', and
       (C) by striking ``an additional program'' and inserting 
     ``additional programs''.
       (f) Effective Date.--
       (1) In general.--Except as provided in paragraph (2), the 
     amendments made by this section shall apply to allocations 
     and reallocations after the date of the enactment of this 
     Act.
       (2) Reallocation.--The amendments made by subsection (e) 
     shall apply to credits remaining available under section 
     48A(d)(3) of the Internal Revenue Code of 1986 on the date of 
     the enactment of this Act.
                                 ______