S.2287: Carbon Capture and Sequestration Deployment Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about energy
You can read the bill
Sponsor John D. Rockefeller IV, D-W.Va.
Total Cosponsors 1 (All Democrats)
Introduced May 5, 2014
Latest Major Action May 5, 2014
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Carbon Capture and Sequestration Deployment Act of 2014 - Directs the Department of Energy (DOE) to establish a cooperative industry-government research and development program to demonstrate innovative technologies to capture, prevent, or store carbon dioxide (CO2) emissions from carbon-based fuels or to enable the beneficial use of CO2.

Requires DOE to conduct an annual assessment of existing programs supporting carbon capture and sequestration (CCS) technology until that technology is available in commerce. (CCS is a three-step process: the capture, transport, and underground injection and geologic sequestration of CO2.)

Amends the Internal Revenue Code, with respect to the tax credit for CO2 sequestration, to: (1) impose limitations on the allocation of credit amounts for carbon capture projects, including a 10-year limitation on CO2 capture at a qualified facility (defined as an industrial facility which captures not less than 500,000 metric tons of CO2...

(Source: Congressional Research Service)

Bill Actions

Date Description
May 5, 2014 Read twice and referred to the Committee on Finance.