of the covered entity for any fine, penalty, or assessment against the covered entity for the same violation under any other provision of law. (e) Penalty not deductible No deduction shall be allowed under subtitle A for a penalty paid under this section. 9906. Carbon capture and sequestration (a) In general The Secretary shall issue a carbon permit to any person who the Secretary, in consultation with the Administrator, determines has safely and verifiably captured and sequestered carbon dioxide from the combustion of covered fuels in the United States. (b) Quantity The quantity of each permit issued under subsection (a) shall be in the amount equivalent to the number of metric tons of carbon dioxide so captured and sequestered. (c) Coordination The quantity of permits issued under this section shall be in addition to the quantity of permits established under section 9902(a). 9907. Trading (a) Permitted transactions The lawful holder of a carbon permit may— (1) hold the carbon permit, subject to the limits established by the Secretary under section 9903(b)(2), or (2) sell, exchange, or transfer the carbon permit to a covered entity consistent with the limits established by the Secretary under section 9903(b)(2). (b) Effectiveness of carbon permit transfers No transfer of a carbon permit shall be effective until a written certification of the transfer, signed by a responsible official of the transferor, is received and recorded by the Secretary in accordance with regulations promulgated under section 9902(e). (c) Carbon permit tracking system The regulations promulgated under section 9902(e) shall include a system for issuing, recording, holding, and tracking carbon permits that shall specify all necessary procedures and requirements for an orderly and competitive functioning of the carbon permit system. Such regulations shall provide for appropriate publication of the information in the system on the Internet. 9908. Banking and borrowing (a) Banking A carbon permit may be used to meet the compliance obligation