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          <title>WashingtonWatch.com - Revisions for S. 2149, The Coal Fuels and Industrial Gasification Demonstration and Development Act of 2007</title>
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<title>Revision by webmaster (March 14, 2008, 04:13:32)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_2149.html?rev=20561</link>
<description>&lt;p&gt;S. 2149 would amend the Energy Policy Act of 1992 to establish a program to provide incentives for projects to produce synthetic gas, liquid fuels, and other products from coal and other feedstocks while simultaneously reducing greenhouse gas emissions and reliance of the United States on petroleum and natural gas.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Coal Fuels and Industrial Gasification Demonstration and Development Act of 2007 - Amends the Energy Policy Act of 1992 to instruct the Secretary of Energy to implement a grants program for obtaining or implementing services for the planning and permitting of certain eligible projects that produce liquid transportation fuels, industrial chemicals, or electricity.&lt;/p&gt;

&lt;p&gt;Requires the Secretary to make direct loans to eligible individuals and entities to implement such projects.&lt;/p&gt;

&lt;p&gt;Directs the Secretary to select eligible projects to receive loans through a reverse auction, giving priority to eligible projects with the greatest percentage reduction of lifecycle greenhouse gas emissions in comparison to facilities that use conventional feedstocks and do not use carbon capture and sequestration technologies.&lt;/p&gt;

&lt;p&gt;Directs the Administrator of the Environmental Protection Agency (EPA) to: (1) establish a methodology for determining the lifecycle greenhouse gas emissions of coal-derived liquid transportation fuels; (2) implement a research and demonstration program to evaluate the emissions of the use of coal-to-liquid fuel for transportation, including gasoline, diesel, marine, and jet fuel; and (3) evaluate the effect of using coal-to-liquid transportation fuel on vehicle emissions, including motor vehicles, nonroad vehicles, and aircraft.&lt;/p&gt;

&lt;p&gt;Directs the Secretary and the Secretary of Defense to study and report to specified congressional committees on the feasibility and suitability of maintaining coal-to-liquid products in the Strategic Petroleum Reserve (SPR).&lt;/p&gt;

&lt;p&gt;Amends the Internal Revenue Code to provide: (1) a business credit for sequestration of carbon dioxide captured within the United States; (2) a seven-year applicable recovery period for depreciation of qualified carbon dioxide pipeline property; (3) treatment of certain income and gains relating to industrial source carbon dioxide as qualifying income for publicly traded partnerships; and (4) extend and modify the alternative fuel credit.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/4/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">20561@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 14 Mar 2008 03:13:32 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (October 22, 2007, 18:36:03)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_2149.html?rev=11691</link>
<description>&lt;p&gt;S. 2149 would amend the Energy Policy Act of 1992 to establish a program to provide incentives for projects to produce synthetic gas, liquid fuels, and other products from coal and other feedstocks while simultaneously reducing greenhouse gas emissions and reliance of the United States on petroleum and natural gas.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to update the status of the bill!)&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">11691@http://www.washingtonwatch.com</guid>
<pubDate>Mon, 22 Oct 2007 17:36:03 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (October 22, 2007, 18:36:03)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_2149.html?rev=11692</link>
<description>&lt;p&gt;S. 2149 would amend the Energy Policy Act of 1992 to establish a program to provide incentives for projects to produce synthetic gas, liquid fuels, and other products from coal and other feedstocks while simultaneously reducing greenhouse gas emissions and reliance of the United States on petroleum and natural gas.&lt;/p&gt;


&lt;h2 id=&quot;toc8&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc9&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/4/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc10&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc11&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">11692@http://www.washingtonwatch.com</guid>
<pubDate>Mon, 22 Oct 2007 17:36:03 EDT</pubDate>
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