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H.R. 3282: Carbon Capture Prize Act


The text of the bill below is as of Jun 13, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 3282

IN THE HOUSE OF REPRESENTATIVES

June 13, 2019

(for herself, Mr. Brown of Maryland, Mr. Cartwright, Mr. Cisneros, Ms. Clarke of New York, Ms. Lee of California, Mr. Meeks, Mr. Raskin, Mr. Rouda, Mr. Soto, Mr. Suozzi, Ms. Velázquez, and Ms. Wild) introduced the following bill; which was referred to the Committee on Science, Space, and Technology

A BILL

To authorize the Secretary of Energy to establish a prize competition for the research, development, or commercialization of technology that would reduce the amount of carbon in the atmosphere, including by capturing carbon dioxide directly from the atmosphere.

1.

Short Title

This Act may be cited as the Carbon Capture Prize Act.

2.

Establishment of Prize Competition

(a)

Prize Competition

The Secretary of Energy, individually or in cooperation with the heads of other Federal agencies, shall carry out a program pursuant to section 24 of the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. 3719) to award prizes competitively to incentivize the research, development, or commercialization of technology that reduces the amount of carbon dioxide in the atmosphere by direct carbon removal and permanent sequestration.

(b)

Prize Amount

In carrying out the program established under subsection (a), the Secretary may award not more than $30,000,000, in the aggregate, to the winner or winners of the prize competition.

(c)

Definition of Federal Agency

In this section, the term Federal agency has the meaning given the term under section 24(a)(3) of the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. 3719 (a)(3)).