,i #aai? ,,congress #b;d ,session ,h4 ,r4 #iige ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #bg1 #bjbf,mr4 ,tonko 7= himself & ,mr4 ,pet]s7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,en]gy & ,comm]ce ,a ,,bill ,to require ! ,secret>y ( ,en]gy to remove c>bon dioxide directly f ambi5t air or seawat]1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,c>bon ,dioxide ,removal ,lead]%ip ,act ( #bjbf4 #b4 ,f$]al requirem5t to remove c>bon dioxide 7a7 ,requir$ am\nts ,! ,secret>y %all1 to ! ext5t economically feasible z provid$ 9 subsection 7d71 remove-- 7#a7 #ej1jjj net metric tons ( c>bon dioxide1 calculat$ on a lifecycle basis1 = ea* ( fiscal ye>s #bjbf ?r\gh #bjbg2 7#b7 #ejj1jjj net metric tons ( c>bon dioxide1 calculat$ on a lifecycle basis1 = ea* ( fiscal ye>s #bjbh ?r\gh #bjcj2 7#c7 #e1jjj1jjj net metric tons ( c>bon dioxide1 calculat$ on a lifecycle basis1 = ea* ( fiscal ye>s #bjca ?r\gh #bjce2 & 7#d7 #aj1jjj1jjj net metric tons ( c>bon dioxide1 calculat$ on a lifecycle basis1 = fiscal ye> #bjcf & ea* fiscal ye> !reaft]4 7b7 ,tim+ ,! ,secret>y %all remove ea* am\nt ( c>bon dioxide requir$ "u subsection 7a7 by n lat] ?an #c ye>s aft] ! beg9n+ ( ! fiscal ye> = :i* su* removal is requir$4 7c7 ,small removal project set-aside ,to ! ext5t practicable1 at lea/ #bj p]c5t ( ! net metric tons ( c>bon dioxide requir$ to be remov$ = ea* ( fiscal ye>s #bjbf ?r\gh #bjce "u subsection 7a7 %all be remov$ by small removal projects4 7d7 ,economic feasibility 7#a7 ,9 g5]al ,! removal ( c>bon dioxide "u ?is section %all be consid]$ economically feasible if su* removal c be accompli%$ or1 9 ! case ( a contract1 pur*as$-- 7,a7 ) respect to su* removal c>ri$ out = any ( fiscal ye>s #bjbf ?r\gh #bjbg1 at a price p] metric ton ( c>bon dioxide ( n m ?an #gej 7:i* ! ,secret>y may adju/ = inflation72 7,b7 ) respect to su* removal c>ri$ out = any ( fiscal ye>s #bjbh ?r\gh #bjcj1 at a price p] metric ton ( c>bon dioxide ( n m ?an #ejj 7:i* ! ,secret>y may adju/ = inflation72 7,c7 ) respect to su* removal c>ri$ out = any ( fiscal ye>s #bjca ?r\gh #bjcc1 at a price p] metric ton ( c>bon dioxide ( n m ?an #cjj 7:i* ! ,secret>y may adju/ = inflation72 7,d7 ) respect to su* removal c>ri$ out = any ( fiscal ye>s #bjcd ?r\gh #bjcf1 at a price p] metric ton ( c>bon dioxide ( n m ?an #bjj 7:i* ! ,secret>y may adju/ = inflation72 & 7,e7 ) respect to su* removal c>ri$ out = fiscal ye> #bjcg & ea* fiscal ye> !reaft]1 at a price p] metric ton ( c>bon dioxide ( n m ?an #aej 7:i* ! ,secret>y may adju/ = inflation74 7#b7 ,inclusion ( measurem5t1 monitor+1 report+1 & v]ification co/s ,9 det]m9+ :e!r ! removal ( c>bon dioxide is consid]$ economically feasible "u p>agraph 7#a71 ! price = su* removal %all include any co/s associat$ ) ! measurem5t1 monitor+1 report+1 & v]ification requir$ "u subsection 7f77#a71 includ+ :]e su* co/s are directly paid to an indep5d5t entity conduct+ ! measurem5t1 monitor+1 report+1 or v]ification4 7#c7 ,multi-ye> contracts ,not)/&+ p>agraph 7#a71 ! removal ( c>bon dioxide c>ri$ out pursuant to a multi-ye> contract ent]$ into "u subsection 7h7 %all be consid]$ economically feasible if su* removal c be accompli%$ at or bel[ ! applicable doll> am\nt = ! fir/ fiscal ye> ( ! contract1 z provid$ 9 p>agraph 7#a71 ?r\gh ! entire l5g? ( su* contract4 7e7 ,f$]al assi/ance ,funds receiv$ pursuant to a contract ent]$ into "u subsection 7h7 %all n be consid]$ ,f$]al assi/ance or o!rwise affect eligibility = any ,f$]al assi/ance1 includ+ tax inc5tives4 7f7 ,measurem5t1 monitor+1 report+1 & v]ification 7#a7 ,9 g5]al ,! ,secret>y %all measure1 monitor1 report1 & v]ify1 ?r\gh an indep5d5t ?ird p>ty1 ! net metric tons ( c>bon dioxide ! ,secret>y remov$ = purposes ( ?is section4 ,if ! ,secret>y ent]s into a contract ) an entity "u subsection 7h71 ! ,secret>y %all include z a t]m or condition ( su* contract t su* entity measure1 monitor1 report1 & v]ify ?r\gh an indep5d5t ?ird p>ty ! net metric tons ( c>bon dioxide remov$ by su* entity = purposes ( ?is section4 7#b7 ,/&>ds ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,national ,oceanic & ,atmosph]ic ,adm9i/ration1 ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 ! ,secret>y ( ! ,dep>tm5t ( ,agriculture1 ! ,director ( ! ,national ,in/itute ( ,/&>ds & ,te*nology1 & o!r relevant ,f$]al ag5cies z det]m9$ appropriate by ! ,secret>y1 %all e/abli% /&>ds = evaluation ( ! measurem5t1 monitor+1 report+1 & v]ification me?ods ( net metric tons ( c>bon dioxide remov$ pursuant to ?is section4 ,su* /&>ds %all-- 7,a7 require ! use ( ! be/ available practices us$ by simil> c>bon dioxide removal projects2 7,b7 ensure safe1 effective1 & effici5t removal ( c>bon dioxide2 7,c7 require indep5d5t1 ?ird-p>ty v]ification ( c>bon dioxide removal & provide = effective ov]sight ( su* entities2 7,d7 ensure additionality1 durability1 & net-negativity ( c>bon dioxide removal2 7,e7 include crit]ia to det]m9e :e!r ! /orage ( captur$ c>bon dioxide is durable2 7,f7 ensure sci5tifically rigor\s & transp>5t me?ods = measurem5t1 monitor+1 report+1 & v]ify+ "u p>agraph 7#a72 & 7,g7 be regul>ly review$ &1 z necess>y1 updat$ to acc\nt = sci5tific & te*nological advancem5ts4 7#c7 ,prohibition on d\ble c\nt+ ,c>bon dioxide t is remov$ = ! purposes ( compliance ) any o!r gre5h\se gas emissions managem5t program1 includ+ any =eign1 ,f$]al1 ,/ate1 local1 or private gre5h\se gas emissions managem5t program1 z det]m9$ by ! ,secret>y1 may n be consid]$ remov$ "u subsection 7a7 = purposes ( meet+ ! requirem5ts ( su* subsection4 7g7 ,priorities ,9 c>ry+ out ?is section1 ! ,secret>y %all give priority to a project = ! removal ( c>bon dioxide bas$ on ! degree to :i* ! project-- 7#a7 m9imizes ! am\nt ( gre5h\se gas emissions releas$ by c>ry+ out su* project2 7#b7 supports ! comm]cialization ( innovative removal te*nologies t demon/rate-- 7,a7 ne>- & long-t]m co/ competitiv5ess relative to simil> te*nologies2 & 7,b7 a pot5tial to a*ieve ! economic feasibility requirem5ts e/abli%$ "u subsection 7d72 7#c7 increases ! div]sity ( comm]cially available eligible te*nologies2 7#d7 may provide = dome/ic job creation1 ) a fur!r pref]5ce = p>tn]%ips ) labor organizations1 small bus9esses1 m9ority-own$ bus9esses1 & wom5-own$ bus9esses across value *a9s2 7#e7 s\rces supply *a9 mat]ials dome/ically2 7#f7 results 9 economic developm5t or economic div]sification 9 regions or localities t h hi/orically g5]at$ significant economic activity f ! production1 process+1 transportation1 or combu/ion ( fossil fuels1 includ+ ?r\gh ! use ( coal m9es1 fossil fuel-fir$ electricity g5]at+ units1 & petroleum ref9+ facilities2 7#g7 quantifies & mitigates risks f c>bon dioxide removal activities on1 & provides measurable co-b5efits to1 ne>by communities & resid5ts1 ! environm5t1 agriculture1 & public heal?1 includ+ by-- 7,a7 improv+ local air quality1 wat] quality1 & soil quality2 7,b7 m9imiz+ l&1 wat]1 & en]gy footpr9ts2 & 7,c7 us+ z]o-emission en]gy to ! ext5t practically feasible2 & 7#h7 includes robu/ public engagem5t & community b5efits1 includ+ ! use ( en=ceable community b5efit agreem5ts4 7h7 ,contracts 7#a7 ,9 g5]al ,aft] a transp>5t & competitive process1 ! ,secret>y may ent] into "o or m contracts to meet ! requirem5ts ( subsection 7a74 7#b7 ,l5g? ,a contract ent]$ into "u ?is subsection may n be = a t]m ( m ?an #ae ye>s4 7#c7 ,ma9t5ance ( removal commitm5ts ,! ,secret>y %all include z a t]m or condition 9 ea* contract ent]$ into "u ?is subsection t ! entity t ent]s into ! contract %all be liable to remove an additional am\nt ( c>bon dioxide t is equal to any am\nt ( c>bon dioxide t is releas$ f any location :]e ! entity /or$ c>bon dioxide pursuant to ! contract4 7#d7 ,limitation ,to ! ext5t t !re is a suffici5t numb] ( entities capable ( remov+ c>bon dioxide 9 a mann] t meets ! /&>ds & requirem5ts ( ?is section "u a contract ent]$ into pursuant to ?is subsection1 ! ,secret>y %all ensure t no "o entity is responsible = remov+ m ?an #be p]c5t ( ! net metric tons ( c>bon dioxide requir$ "u subsection 7a7 9 any fiscal ye>4 7i7 ,report ,n lat] ?an ,janu>y #a1 #bjbi1 & e #b ye>s !reaft]1 ! ,secret>y %all submit to ,congress1 & release to ! public1 a report on ! progress ( c>ry+ out ! requirem5ts ( ?is section1 :i* su* report %all include-- 7#a7 ! am\nts v]ifi$ "u subsection 7f77#a7 & ! correspond+ names ( ea* indep5d5t ?ird p>ty t provid$ su* v]ifi$ am\nt2 7#b7 ! total price1 & price p] metric ton1 to remove c>bon dioxide = ! applicable fiscal ye> z requir$ "u subsection 7a72 7#c7 ea* te*nology category1 ! am\nt ( en]gy1 & ea* /orage me*anism us$ to remove c>bon dioxide = ! applicable fiscal ye> z requir$ "u subsection 7a72 7#d7 any location :]e c>bon dioxide 0 remov$ = ! applicable fiscal ye> z requir$ "u subsection 7a72 7#e7 ! me?ods associat$ ) ! measurem5t1 monitor+1 report+1 & v]ification requir$ "u subsection 7f77#a72 7#f7 ! names ( ea* entity conduct+ su* measurem5t1 monitor+1 report+1 & v]ification requir$ "u subsection 7f77#a72 7#g7 an e/imate ( h[ remov+ c>bon dioxide "u ?is section affects ne>by communities & resid5ts1 ! environm5t1 agriculture1 & public heal?2 7#h7 in=mation on pot5tial labor impacts & job creation result+ f fulfill+ ! requirem5ts ( subsection 7a72 & 7#i7 an explanation ( h[ ! ,secret>y prioritiz$ projects "u subsection 7g74 7j7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ su* sums z are necess>y to c>ry out ?is section4 7k7 ,def9itions ,9 ?is section3 7#a7 ,eligible te*nology 7,a7 ,9 g5]al ,! t]m eligible te*nology means1 z det]m9$ by ! ,secret>y1 any equipm5t1 te*nique1 or te*nology t-- 7i7 0 plac$ into s]vice aft] ,janu>y #a1 #bjbb2 & 7ii7 removes c>bon dioxide directly f ambi5t air or seawat]4 7,b7 ,exclusion ,! t]m eligible te*nology does n include any equipm5t1 te*nique1 or te*nology t-- 7i7 removes c>bon dioxide :i* is delib]ately releas$ f naturally occurr+ subsurface spr+s2 7ii7 removes c>bon dioxide us+ natural photosyn!sis1 except z provid$ 9 subp>agraph 7,c72 or 7iii7 uses captur$ c>bon dioxide 9 enhanc$ oil recov]y4 7,c7 ,expansion ( eligible te*nology ,not)/&+ subp>agraph 7,b77ii71 any equipm5t1 te*nique1 or te*nology t removes c>bon dioxide us+ gasification1 pyrolysis1 or seque/ration ( solid1 nonhaz>d\s1 & cellulosic wa/e mat]ials may be consid]$ an eligible te*nology "u ?is section if ! ,secret>y1 by rule-- 7i7 det]m9es an entity t c>ries out a removal project "u ?is section is able to adequately measure1 monitor1 report1 & v]ify ! am\nt ( gre5h\se gas emissions1 calculat$ on a lifecycle basis 7includ+ direct emissions & significant indirect emissions71 remov$ us+ su* equipm5t1 te*nique1 or te*nology2 7ii7 det]m9es an entity t c>ries out a removal project "u ?is section is able to adequately mitigate ! environm5tal impacts 7includ+ impacts on biodiv]sity1 l& use1 & air & wat] quality7 associat$ ) su* equipm5t1 te*nique1 or te*nology2 & 7iii7 requires an entity c>ry+ out a removal project "u ?is section to-- 7,i7 adequately measure1 monitor1 report1 & v]ify ! am\nt & /orage durability ( gre5h\se gas emissions1 calculat$ on a lifecycle basis 7includ+ direct emissions & significant indirect emissions71 associat$ ) us+ su* equipm5t1 te*nique1 or te*nology2 & 7,,ii7 adequately mitigate ! environm5tal impacts 7includ+ impacts on biodiv]sity1 l& use1 & air1 soil1 & wat] quality7 associat$ ) us+ su* equipm5t1 te*nique1 or te*nology4 7#b7 ,lifecycle basis ,! t]m lifecycle basis means ! net sum ( all gre5h\se gas emissions 7us+ mass values = all gre5h\se gases t are adju/$ to acc\nt = _! relative global w>m+ pot5tial1 z det]m9$ by ! ,secret>y 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy7 associat$ ) a c>bon dioxide removal activity f cradle to grave1 includ+ any emissions associat$ )-- 7,a7 en]gy & fe$/ock inputs 9 ! c>bon dioxide removal activity1 includ+ inputs 9 ! di/ribution & transportation ( c>bon dioxide2 7,b7 indirect effects1 su* z l&-use *ange1 z sci5tifically ju/ifi$2 7,c7 ! c>bon dioxide removal process2 7,d7 c>bon dioxide transport & /orage1 includ+ any leakage1 use1 & disposal ( any mat]ials or products associat$ ) su* transport & /orage2 & 7,e7 embodi$ emissions ( ! equipm5t us$ 9 ! c>bon dioxide removal activity4 7#c7 ,remove ,! t]m remove means to extract c>bon dioxide f ! atmosph]e by-- 7,a7 captur+ c>bon dioxide us+ eligible te*nology2 & 7,b7 durably /or+1 on a timescale equival5t to geologic /orage1 su* captur$ c>bon dioxide-- 7i7 pursuant to a p]mit issu$ "u "p ,c ( ! ,safe ,dr9k+ ,wat] ,act 7#db ,u4,s4,c4 #cjj;h et seq47 = a ,class ,v or ,class ,,vi injection well 7z su* classes ( wells are describ$ 9 section #add4f ( title #dj1 ,code ( ,f$]al ,regulations 7or successor regulations772 7ii7 9 build+ mat]ials & m9]aliz$ c>bon mat]ials2 or 7iii7 us+ o!r durable /orage me?ods1 z det]m9$ by ! ,secret>y4 7#d7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,en]gy4 7#e7 ,small removal project ,! t]m small removal project means a project = ! removal ( c>bon dioxide t1 on an annual basis1 does n remove m ?an #e p]c5t ( ! net metric tons ( c>bon dioxide requir$ to be remov$ = ! applicable fiscal ye> "u subsection 7a74 #c4 ,/udy on ! long-t]m future ( ,f$]al c>bon dioxide removal managem5t ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,en]gy1 9 consultation ) ! ,adm9i/rator ( ! ,national ,oceanic & ,atmosph]ic ,adm9i/ration1 ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy1 ! ,secret>y ( ! ,dep>tm5t ( ,agriculture1 & o!r relevant ,f$]al ag5cies1 %all submit to ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives & ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate a report t evaluates & makes recomm5dations = pot5tial program design elem5ts & f9anc+ options = a ,f$]al c>bon dioxide removal (ftake program t c be scal$ to a*ieve c>bon dioxide removal f ! atmosph]e & ! oceans at a gigaton scale annually by #bjej4 ,su* report %all include consid]ation ( pot5tial managem5t & organizational /ructures = ! program1 includ+-- 7#a7 a gov]nm5t sponsor$ ent]prise2 7#b7 a gov]nm5t corporation2 7#c7 a program (fice ) ! ,dep>tm5t ( ,en]gy or o!r ,f$]al ag5cy2 & 7#d7 a contract$ s]vice provid]4