S 601 · 114th Congress · Energy
ACCTION Act of 2015
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2015-02-26)
Plain Language Summary
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Advanced Clean Coal Technology Investment in Our Nation Act of 2015 or the ACCTION Act of 2015 This bill amends the Energy Policy Act of 2005 to require the Department of Energy (DOE) to implement a program to demonstrate the integration of systems for the capture, transportation, and injection of carbon dioxide from industrial sources for long-term geological storage or enhanced oil recovery at a commercial scale. The types of activities that must be undertaken under the existing coal and related technologies program are expanded. DOE may carry out a Transformational Coal Technology Program. DOE must establish an advisory committee to report on the carbon capture and sequestration program and the coal and related technologies program. Projects under the Innovative Technology Loan Guarantee Program are eligible to receive other forms of federal assistance. Within two years, DOE has to give final approval to applications for loan guarantees and make loans for advanced fossil energy technology projects under the Program. DOE must take steps to streamline and expedite review of federal authorizations for clean coal generating projects. This bill amends the Internal Revenue Code to: (1…
Summarized by Claude AI · Non-partisan · For informational purposes only