Skip to main content
S 2263 116th Congress Senate Taxation Administrative law and regulatory procedures Air quality Climate change and greenhouse gases Department of the Treasury Environmental regulatory procedures Income tax credits Internal Revenue Service (IRS) Oil and gas Water quality Water use and supply

CO2 Regulatory Certainty Act

Introduced: July 25, 2019 Introduced by: Hoeven, John Republican · North Dakota See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2019
Read twice and referred to the Committee on Finance.
Jul 25, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

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 prescribe 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.

What's happening now July 25, 2019

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4