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Support for Carbon Capture and Storage Technologies

This act aims to support the development and deployment of carbon dioxide capture, transport, and storage technologies. Citizens may experience the impact through the creation of new jobs in the industrial sector and potential reductions in emissions, which could improve air quality and the environment.
Key points
Establishes grant programs for states, local governments, and public utilities to utilize carbon dioxide-derived products.
Creates a financing program for carbon dioxide transportation infrastructure, including loans and grants, potentially lowering costs for businesses and accelerating technology development.
Supports commercial projects for underground carbon dioxide storage, aiming to enhance the safety and efficiency of these processes.
Requires the use of American-made iron and steel in projects funded by the act, potentially boosting the domestic economy and job market.
Ensures that laborers and mechanics on projects funded by the act are paid prevailing wages, protecting workers' rights.
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Additional Information
Print number: 117_HR_1992
Sponsor: Rep. Veasey, Marc A. [D-TX-33]
Process start date: 2021-03-17