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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

CO2 Regulatory Certainty Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to enhance the requirements for secure geological storage of carbon oxide for purposes of the carbon oxide sequestration credit, and for other purposes.


Actions Overview (1)

Date
07/25/2019Introduced in Senate

All Actions (1)

Date
07/25/2019Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (4)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Daines, Steve [R-MT]* 07/25/2019
Sen. Hyde-Smith, Cindy [R-MS]* 07/25/2019
Sen. Wicker, Roger F. [R-MS]* 07/25/2019
Sen. Cramer, Kevin [R-ND]* 07/25/2019

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance07/25/2019 Referred to

As of 11/15/2019 no related bill information has been received for S.2263 - CO2 Regulatory Certainty Act


Subjects (1)


Latest Summary (1)

There is one summary for S.2263. View summaries

Shown Here:
Introduced in Senate (07/25/2019)

CO2 Regulatory Certainty Act

This bill amends the Internal Revenue Code to revise requirements for the secure geological storage of carbon oxide.

The bill requires the Internal Revenue Service (IRS), in consultation with other federal agencies, including the Environmental Protection Agency (EPA), to proscribe regulations for determining adequate security measures for the geological storage of  carbon oxide so that it does not escape into the atmosphere.

The IRS regulations must consider the carbon oxide to be disposed of in secure geological storage if it is stored in compliance with specified rules promulgated by the EPA under the Clean Air Act and the Safe Drinking Water Act for the geologic sequestration of carbon oxide.

The bill also revises the definition of "qualified enhanced oil or natural gas recovery project" to exclude a requirement for the first injection of liquids, gases, or other matter to commence after December 31, 1990.