SB 107-24: Hydrogenated Steel Pilot Project (Tabled)

[GM Team Member and Senator WB]

Aye

[If my soul was made of stone]

AYE

[S019]

NAY, this silly amendment sort of defeats the point of the bill given the phaseout will only occur if the initial stage is successful.

[Southern Senator North Carolina Yankee]

Aye

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Aye

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Would the Senator from New Jersey like actually like to define what the criteria for"successful" is for this program? Apollo 13 was deemed a "successful failure", due to managing to return the crew safely but not actually landing on the moon. Is this bill just shooting for the moon?

[Mr. Reactionary]

Would the Senator from New Jersey like actually like to define what the criteria for"successful" is for this program? Apollo 13 was deemed a "successful failure", due to managing to return the crew safely but not actually landing on the moon. Is this bill just shooting for the moon?

I think the successful part would be if his corporate friends in big steel win the "random" corporate welfare tax credit lottery and get paid to do something their competition is fined for not doing.

[Pedocon Theory is not a theory]

Nay

[Joseph Cao]

Aye.

[WD]

Aye

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Motion to table

Mr President PT, I would like to withdraw my motion to table.

However I object to the motion for a final vote as the Honorable Senator from New Jersey still hasn't defined what qualifies as "success" regarding this bill.

I would like to further propose the following amendments

Remove
Add

Hydrogenated Steel Pilot Project

a. 15% of all steel producers in Atlasia shall be randomly selected to participate in the Hydrogenated Steel Pilot Project (Hence known as HSPP). These steel producers shall be offered a 10% tax credit on their corporate tax for the next two years.

b. HSPP shall run for 10 years, at which point a future Congress shall choose to renew the program, if it was successful, and discontinue it, if it was unsuccessful.

c. These steel producers shall study the feasibility of using electrolyzed electricity to produce pure hydrogen gas and using it in place of "met" coal to produce steel from iron

d. After 5 years, based on the success of the HSPP, steel producers chosen to participate in this program may choose to begin selling the "green hydrogen steel" to other domestic steel producers or to foreign steel producers.

e. If the HSPP is successful after 10 years, and was extended by Congress, a 10 year phaseout of "met coal" steel shall begin. The phase out shall occur in the following phases, and shall be facilitated by the following incentives, the incentives shall phase out once the date or the percentage desired is reached (whichever comes first):

Phase 0 (complete): 15% of Atlasian steel producers, 105% tax credit on corporate tax for next two years
Phase 1 (Years 1-3): 35% of Atlasian steel producers (additional 20%), 1510% credit on corporate tax for next year
Phase 2 (Years 3-6): 65% of Atlasian steel producers (additional 30%), 75% credit on corporate tax for next year
Phase 4 (Years 6-8): 90% of Atlasian steel producers (Additional 25), 35% credit on corporate tax for next year
Phase 5 (Years 8-10): 100% of Atlasian steel producers (Additional 10%), no incentive

f. $500 billion shall be allocated to the HSPP over a period of 10 years

g. Appropriations shall be paid for by a 2.5% VAT, which shall raise $80 billion a year

h. Any funds raised from the 2.5% VAT over what is appropriated for HSPP will be put into paying off the Federal debt.

[WD]

Closing this in 24 hours, and then we will immediately proceed to a cloture vote.

[WD]

On the amendment:

Aye (12): Beesley, Kuumo, DeadPrez, Crane, Mr. R, West Midlander, WeatherBoy, Discolovante, North Carolina Yankee, Muad’dib, Joseph Cao, Western Democrat

Nay (2): S019, CalamityBlue

Abstain (4): Tack, Old School Republican, Ishan, FalterinArc

Amendment is adopted

[WD]

I’m sorry, I missed Muad’dib’s addition amendment. 24 hours to object and then we’ll be moving to a cloture vote.

[WD]

Muad’dib’s amendment is adopted. A vote to invoke cloture is now open. Please vote Aye, Nay, or Abstain.

[Saint Milei]

nay

[GM Team Member and Senator WB]

Nay because I echo Sen. Muaddib’s question. I do not like vagueness in laws.

[West_Midlander]

Nay

[Mr. Reactionary]

Nay

[S019]

AYE

[Pedocon Theory is not a theory]

Aye

[beesley]

Nay

[Continential]

Abstain

[Southern Senator North Carolina Yankee]

NAY

I don't like the way this is structured. If you want to invest in research, invest in research. This works more like chaotic boondoggle then a serious attempt at a modern industrial policies' research component.

[Kuumo]

Nay