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S 2982 in Congressional Session 106

Official Summary

 

Bill Number : S 2982
 

Title : A bill to enhance international conservation, to promote the role of carbon sequestration as a means of slowing the building of greenhouse gases in the atmosphere, and to reward and encourage voluntary, pro-active environmental efforts on the issue of global climate change.
 

SUMMARY AS OF:
7/27/2000--Introduced. TABLE OF CONTENTS:

  • Title I:

    Investment Tax Credit

  • Title II:

    Loan Guarantees and Equity Investment Insurance

International Carbon Sequestration Incentive Act -

Title I:

Investment Tax Credit - Amends the Internal Revenue Code to establish a limited tax carbon sequestration investment credit in the case of an eligible taxpayer who is subject to the terms and conditions of a carbon sequestration project contract with respect to a sponsored carbon sequestration project outside the United States.

Title II:

Loan Guarantees and Equity Investment Insurance - Permits an owner or operator of property that is located outside of the United States to enter into a carbon sequestration project contract under specified terms and conditions to be eligible for: (1) an extension of credit from the Export-Import Bank of the United States of up to 75 percent of the cost of carrying out the carbon sequestration practices specified in the contract to the extent that the Export-Import Bank determines that the cost sharing is appropriate, in the public interest, and otherwise meets requirements of the Export-Import Bank Act of 1945; and (2) investment insurance issued by the Overseas Private Investment Corporation pursuant to provisions of the Foreign Assistance Act of 1961 if the Corporation determines that issuance of the insurance is consistent with such provisions.

Votes

Title : A bill to enhance international conservation, to promote the role of carbon sequestration as a means of slowing the building of greenhouse gases in the atmosphere, and to reward and encourage voluntary, pro-active environmental efforts on the issue of global climate change.
Votes in the US Senate
This Bill was not Voted in the US Senate
Votes in the US House
This Bill was not Voted in the US House

Sponsors

 
Congressional Sponsors of S 2982
 
Bill Number : S 2982
Title : A bill to enhance international conservation, to promote the role of carbon sequestration as a means of slowing the building of greenhouse gases in the atmosphere, and to reward and encourage voluntary, pro-active environmental efforts on the issue of global climate change.
Sponsor: Sen Brownback, Sam [KS] (introduced 7/27/2000)      
ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Sen Byrd, Robert C. [WV] - 7/27/2000

Sen Daschle, Thomas A. [SD] - 7/27/2000

Sen DeWine, Mike [OH] - 7/27/2000

Sen Grassley, Chuck [IA] - 7/27/2000

Sen Kerrey, J. Robert [NE] - 7/27/2000

Sen Lugar, Richard G. [IN] - 7/27/2000

Other Info

Bill Number : S 2982
Title : A bill to enhance international conservation, to promote the role of carbon sequestration as a means of slowing the building of greenhouse gases in the atmosphere, and to reward and encourage voluntary, pro-active environmental efforts on the issue of global climate change.
 
 
ALL ACTIONS:
 
7/27/2000:Sponsor introductory remarks on measure. (CR S7896-7897)
 
7/27/2000:Read twice and referred to the Committee on Finance.