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Carbon Removal: New Technologies and Support Programs

This Act introduces research and pilot programs regarding carbon dioxide removal from the atmosphere and oceans. It establishes a program to purchase removed carbon dioxide through reverse auctions to accelerate technology commercialization. The Act provides financial support aimed at reducing costs and assessing the environmental impact of these solutions.
Key points
Support for research into removing carbon dioxide from air and water, including using algae and natural processes.
Pilot programs to test new carbon removal methods, such as rock mineralization and industrial waste utilization.
Assessment of ocean potential for carbon dioxide removal and programs to monitor environmental impacts of these activities.
A program to purchase removed carbon dioxide from companies through a reverse auction system.
Funding for carbon removal research and development, with a budget of $60 million annually for fiscal years 2025 through 2027 for the pilot program.
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Additional Information
Print number: 117_HR_9318
Sponsor: Rep. Peters, Scott H. [D-CA-52]
Process start date: 2022-11-16
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OFFICIAL LEGAL TITLE

CREST Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9318.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-11-16.

What are the main provisions?

Key points include:

  • Support for research into removing carbon dioxide from air and water, including using algae and natural processes.
  • Pilot programs to test new carbon removal methods, such as rock mineralization and industrial waste utilization.
  • Assessment of ocean potential for carbon dioxide removal and programs to monitor environmental impacts of these activities.
  • A program to purchase removed carbon dioxide from companies through a reverse auction system.
  • Funding for carbon removal research and development, with a budget of $60 million annually for fiscal years 2025 through 2027 for the pilot program.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Peters, Scott H. [D-CA-52].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Environment and Climate Change.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Environment Public Investments Economy