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1 S. 383, USE IT Act as Reported by the Senate Committee on Environment and Public Works on April 10, 2019 1 (May 6, 2019)

handle is hein.congrec/useit0001 and id is 1 raw text is: 




j   Congressional Budget Office

        Cost Estimate


May 6, 2019


lillions of Dollars                      2019                 2019-2024               2019=2029

Direct Spending (Outlays)                    0                        0                       0


Revenues


0


0


0


Deficit Effect


The bill would
  * Authorize the appropriation of $50 million for the Environmental Protection Agency (EPA) to provide grants
     and technical assistance to support research and development on commercializing the use of captured
     carbon dioxide (C02)
  * Authorize the appropriation of $35 million for EPA to provide grants to support the capture of C02 directly
     from the air
  * Expedite federal review and permitting for infrastructure projects that capture, store, transport, or use C02
  * Require several federal agencies to report on the programs' progress
  * Require the Council on Environmental Quality to establish two task forces to facilitate the expansion of C02
     storage projects and infrastructure

Estimated budgetary effects would primarily stem from
  * Specified authorizations of appropriations
  * Additional administrative costs at federal agencies





                                Detailed estimate begins on the next page.







                   See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437;
  How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo gov/publication/42904.

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