Bill > HR5865

This bill, the Carbon Capture, Utilization, and Storage (CCUS) Innovation Act, aims to advance technologies for carbon capture, utilization, and storage. The key provisions of the bill include: - Expanding the scope of projects eligible for loan guarantees under the Energy Policy Act of 2005 to include a broader range of CCUS-related activities, such as development of CCUS infrastructure, direct air capture, carbon dioxide storage, and carbon dioxide utilization. - Authorizing the EPA to establish a program to provide financial awards on a competitive basis for direct air capture technologies, and establishing an advisory board to help guide the program. - Directing the EPA to carry out research and development programs for carbon dioxide utilization technologies that can transform captured carbon dioxide into commercial products. - Requiring the EPA to report on potential risks and benefits associated with storing captured carbon dioxide in deep saline formations, and to provide a plan for supporting additional non-regulatory strategies and technologies to prevent or reduce carbon dioxide emissions. - Amending the FAST Act to include CCUS infrastructure projects as covered projects that can benefit from streamlined environmental review and permitting processes. - Directing the Council on Environmental Quality to develop guidance and establish regional task forces to improve the efficiency, order, and responsibility of the permitting process for CCUS projects and carbon dioxide pipelines. - Extending the publicly traded partnership ownership structure to certain CCUS activities, such as the generation of electric power from facilities that capture and sequester a significant portion of their carbon emissions.

Agriculture and Natural Resources, Business and Industry, Transportation and Infrastructure

https://www.congress.gov/bill/116th-congress/house-bill/5865/all-info