1. Short title This Act may be cited as the Carbon Sequestration Collaboration Act . 2. Carbon sequestration research initiative Section 963 of the Energy Policy Act of 2005 ( 42 U.S.C. 16293 ) is amended— (1) in subsection (a)— (A) by redesignating paragraphs (1) and (2) as paragraphs (2) and (3), respectively; (B) by inserting before paragraph (2), as so redesignated, the following new paragraph: (1) Carbon sequestration in geologic formations The term carbon sequestration in geologic formations means carbon sequestration methods or technologies utilizing existing permeable or porous formations in geologic settings, such as basins or aquifers. ; and (C) by adding at the end the following new paragraph: (4) Terrestrial carbon sequestration The term terrestrial carbon sequestration means carbon sequestration methods or technologies engineered by humans and targeted at rangelands, agricultural lands, fallow lands, or forest stands to increase soil organic carbon levels or sequester carbon through transport processes via plant and root biomass, including through soil additives, geochemical approaches, and other engineered solutions that can increase the storage of produced carbon in inorganic or mineral forms, such as biochar and carbon mineralization utilizing mine tailings. ; and (2) in subsection (b)— (A) in paragraph (1)— (i) by striking shall establish and inserting , in coordination with the heads of relevant Federal agencies, carry out ; and (ii) by inserting , including through terrestrial carbon sequestration and carbon sequestration in geologic formations before the period; (B) in paragraph (2)— (i) in subparagraph (A)— (I) by striking in coordination with relevant Federal agencies, ; and (II) by striking assess the capacity of geologic storage formation and inserting evaluate terrestrial carbon sequestration and carbon sequestration in geologic formations ; (ii) in subparagraph (B)— (I) in the matter preceding clause (i), by inserting and terrestrial carbon storage sites after geologic formations