II 118th CONGRESS 1st Session S. 542 IN THE SENATE OF THE UNITED STATES February 28, 2023 Mr. Whitehouse (for himself and Mr. Cassidy ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to increase the applicable dollar amount for qualified carbon oxide which is captured and utilized for purposes of the carbon oxide sequestration credit.