S. 3345: Future Fuels Act of 2008

110th Congress · introduced 2008-07-26 · Energy · Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7533-7537)

federal

Follow this bill, step by step

Where it came from: introduced 2008-07-26 · official record
Who proposed it: Sen. Rockefeller, John D., IV [D-WV] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7533-7537) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Future Fuels Act of 2008

Plain summary

Future Fuels Act of 2008 - Amends the Energy Policy Act of 2005 to establish the Future Fuels Corporation as a government corporation. Requires the Corporation, beginning in FY2009, to expend funds transferred by the Secretary of Energy to: (1) promote and deploy coal and coal cofired polygeneration technologies; (2) reduce the carbon footprint of coal consumption and the production of coal-based byproducts; and (3) conduct widespread carbon sequestration research, development, and deployment activities. Requires the Secretary to: (1) implement a 10-year carbon capture and storage (currently, sequestration) research, development, and demonstration program; (2) establish a program to achieve the goal of annually sequestering at least 1,000,000 tons of carbon dioxide by January 1, 2015; (3) verify, analyze, and report on the results of assessments conducted by other federal agencies or states relating to geological storage capacity and the potential for carbon injection rates; (4) submit to congressional committees recommendations on regulatory and advisory mechanisms for the determination of best technologies, the identification and evaluation of strategies for carbon capture and storage technologies, the selection and operation of carbon dioxide sequestration sites, and the transfer of liability for the sites to the United States; (5) develop model interstate compacts to govern the transportation, injection, and storage of carbon dioxide; and (6) conduct geological sequestration demonstration projects involving operations in a variety of geological settings. Authorizes appropriations of such programs for FY2009-FY2014. Authorizes the Secretary of Energy to enter into standby loan agreements for no more than 10 qualifying coal-to-liquid (CTL) projects, at least one of which may be a qualifying CTL project primarily designed to produce pipeline-quality natural gas from domestic coal. Defines a "qualifying CTL project" to include specified commercial-scale projects that convert coal to industrial feedstocks or liquid or gaseous fuels for transportation or other uses or projects conducted at facilities that convert petroleum refinery waste products into gaseous transportation fuels. Amends the Internal Revenue Code to: (1) establish a coal-based transportation fuel pipeline tax credit; (2) apply the credit for producing fuel from a nonconventional source to the capture or extraction of coalmine methane gas; (3) modify the qualifying advanced coal project credit; (4) establish a credit for investment in a clean coal energy bond; and (5) establish a new tax credit for carbon dioxide sequestration.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Future Fuels Act of 2008

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Rockefeller, John D., IV [D-WV] · 0 cosponsors

Cost estimate: No cost estimate published yet.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-110s3345.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/110/s>

Record fed-us-cong110-s3345 · catalog fed-us-congress-bills-cong110 · updated 2026-11-15 by psicol fed-bills-cong110