Directs the Department of Energy to support four programs focused on fossil energy R&D and carbon capture, utilization, and storage:

• A Coal and Natural Gas Technology Program to support large-scale pilot projects, demonstration projects, and the “development of technologies to improve the efficiency, effectiveness, costs, and environmental performance of coal and natural gas use.” The bill recommends the program receive $727 million in fiscal year 2020 and $4.3 billion total through fiscal year 2024;
• A Carbon Storage Validation and Testing Program to conduct research, development, and demonstration projects for carbon storage and establish a large-scale carbon sequestration demonstration program, with the possibility of transitioning to an integrated commercial storage complex. The bill recommends the program receive $105 million in fiscal year 2020 and $580 million total through fiscal year 2024;
• A Carbon Utilization Program to identify and assess novel uses for carbon, carbon capture technologies for industrial systems, and alternative uses for coal. The bill recommends the program receive $25 million in fiscal year 2020 and $138 million total through fiscal year 2024; and
• A Carbon Removal Program for technologies and strategies to remove atmospheric carbon dioxide on a large scale. The bill recommends the program receive $45 million in fiscal year 2020 and $181 million total through fiscal year 2024, with $15 million in fiscal year 2020 recommended to support an air capture technology prize competition