TO THE MEMBERS OF THE UNITED STATES SENATE:
The U.S. Chamber of Commerce supports S. 2602, the bipartisan “Utilizing Significant Emissions with Innovative Technologies (USE IT) Act,” which would complement the recent expansion of the carbon capture, utilization and storage (CCUS) tax credit by fostering increased collaboration between governmental and non-governmental entities involved in the construction and development of CCUS facilities and carbon dioxide (CO2) pipelines.
The USE IT Act, which was reported by the Environment and Public Works Committee on May 24, 2018, would also advance research opportunities for carbon utilization and direct carbon capture. Together, the provisions in the USE IT Act would enable continued progress on issues such as technology development, energy infrastructure buildout, and the associated regulatory framework that are necessary for widespread deployment of key CCUS applications.