TO THE MEMBERS OF THE UNITED STATES SENATE:
The U.S. Chamber of Commerce supports S. 383, the bipartisan “Utilizing Significant Emissions with Innovative Technologies (USE IT) Act.” Cosponsorship of this bill will be included in the “leadership” component of the Chamber’s “How They Voted Scorecard.”
The USE IT Act 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 pipelines. It 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.
The Chamber has long supported the potential for CCUS technologies to result in innovative, scalable solutions to reduce carbon emissions and preserve the affordability and diversity of our energy system. The USE IT Act advances this goal and ensures that the United States maintains an all-of-the-above energy strategy well into the future.