Study on the long-term future of Federal carbon dioxide removal management

(a) In general Not later than 1 year after the date of enactment of this Act, the Secretary of Energy, in consultation with the Administrator of the National Oceanic and Atmospheric Administration, the Administrator of the Environmental Protection Agency, the Secretary of Agriculture, and other relevant Federal agencies, as determined by the Secretary of Energy, shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives a report that evaluates and makes recommendations for potential program design elements and financing options for a Federal carbon dioxide removal offtake program that can be scaled to achieve carbon dioxide removal from the atmosphere and the oceans at a gigaton scale annually by 2050. (b) Contents The report under subsection (a) shall include consideration of potential management and organizational structures for the program described in that subsection, including— (1) a government-sponsored enterprise; (2) a government corporation; (3) a program office within the Department of Energy or another Federal agency; and (4) a contracted service provider.