1. Short title This Act may be cited as the Federal Carbon Dioxide Removal Leadership Act of 2024 . 2. Federal requirement to remove carbon dioxide (a) Definitions In this section: (1) Eligible technology (A) In general The term eligible technology means any equipment, technique, or technology, as determined by the Secretary, that— (i) was placed into service after January 1, 2022; and (ii) removes carbon dioxide directly from ambient air or seawater. (B) Exclusion The term eligible technology does not include any equipment, technique, or technology that— (i) removes carbon dioxide that is deliberately released from naturally occurring subsurface springs; (ii) removes carbon dioxide using natural photosynthesis, except as provided in subparagraph (C); or (iii) uses captured carbon dioxide in enhanced oil recovery. (C) Expansion of eligible technology Notwithstanding subparagraph (B)(ii), any equipment, technique, or technology that removes carbon dioxide using gasification, pyrolysis, or sequestration of solid, nonhazardous, and cellulosic waste materials may be included in the term eligible technology if the Secretary, by rule— (i) determines that an entity that carries out a removal project under this section is able— (I) to adequately monitor, report, and verify the quantity of greenhouse gas emissions (including direct emissions and significant indirect emissions), calculated on a lifecycle basis, removed using that equipment, technique, or technology; and (II) to adequately mitigate the environmental impacts (including impacts on biodiversity, land use, and air and water quality) associated with that equipment, technique, or technology