Earlier this month, we described Senate Bill 1763, which would authorize a new
type of exempt facility bond to be issued for "qualified
carbon capture facilities." Well, on July 19, 2019, freshman
House Republican Tim Burchett of Tennessee proposed the Carbon
Capture Improvement Act, H.R. 3861, the text of which is identical to
the Senate Bill.1 However, unlike the Senate Bill
that has bipartisan sponsorship, Burchett is (for now) the sole
sponsor of the companion House Bill.
This isn't the only carbon capture-related bill with both
Senate and House support. The Senate has already passed the Utilizing Significant Emissions with Innovated
Technologies Act, nicknamed the "USE IT Act." The USE
IT Act supports the development of carbon capture technology
through the establishment of: technology prizes, research and
development programs to promote existing and new technologies for
the transformation of carbon dioxide generated by industrial
processes, a carbon capture,
