In a July 7 report, the CBO said that the Department of Energy Carbon Capture and Sequestration Program Amendments Act of 2011 (S. 699) to support large-scale carbon dioxide capture and storage projects would have a negligible impact on the federal budget, increasing net discretionary spending by $68 million by 2016 and by $329 million by 2021. The bill, approved by Senate Energy and Natural Resources Committee on May 26, sought to spur deployment of 10 commercial-scale projects at power plants and industrial facilities to capture and store carbon dioxide. CBO estimated that the bill would require the relatively minimal outlays of $8 million in 2012; $12 million in 2013; $12 million in 2014; $8 million in 2015; and $28 million in 2016.