360 
NatCarb database, to the maximum extent 
practicable. 
(B) RANKING.—The database shall include 
the data necessary to rank potential storage 
sites for capacity and risk, across the United 
States, within each State, by formation, and 
within each basin. 
(5) REPORT.—Not later than 180 days after 
the date on which the assessment is completed, the 
Secretary shall submit to the Committee on Natural 
Resources of the House of Representatives and the 
Committee on Energy and Natural Resources of the 
Senate a report describing the findings under the as-
sessment. 
(6) PERIODIC UPDATES.—The national assess-
ment developed under this section shall be updated 
periodically (including at least once every 5 years) to 
support public and private sector decisionmaking. 
(g) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to carry out this section 
$30,000,000 for the period of fiscal years 2008 through 
2012. 
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CHAPTER 2—TERRESTRIAL 
SEQUESTRATION ASSESSMENT 
SEC. 7421. REQUIREMENT TO CONDUCT AN ASSESSMENT. 
(a) IN GENERAL.—The Secretary of the Interior, act-
ing through the United States Geological Survey, shall— 
(1) conduct an assessment of the amount of 
carbon stored in terrestrial, aquatic, and coastal eco-
systems (including estuaries); 
(2) determine the processes that control the 
flux of carbon in and out of each ecosystem; 
(3) estimate the potential for increasing carbon 
sequestration in natural systems through manage-
ment measures or restoration activities in each eco-
system; and 
(4) develop near-term and long-term adaptation 
strategies that can be employed to enhance the se-
questration of carbon in each ecosystem. 
(b) USE OF NATIVE PLANT SPECIES.—In developing 
management measures, restoration activities, or adapta-
tion strategies, the Secretary shall emphasize the use of 
native plant species for each ecosystem. 
(c) CONSULTATION.—The Secretary shall develop the 
methodology and conduct the assessment in consultation 
with the Secretary of Energy, the Administrator of the 
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National Oceanic and Atmospheric Administration, and 
the heads of other relevant agencies. 
SEC. 7422. METHODOLOGY. 
(a) IN GENERAL.—Within one year after the date of 
enactment of this Act, the Secretary shall develop a meth-
odology for conducting the assessment. 
(b) PUBLICATION
OF PROPOSED METHODOLOGY; 
COMMENT.—Upon completion of a proposed methodology, 
the Secretary shall publish the proposed methodology and 
solicit comments from the public and heads of affected 
Federal and State agencies for 60 days before publishing 
a final methodology. 
SEC. 7423. COMPLETION OF ASSESSMENT AND REPORT. 
The Secretary shall— 
(1) complete the national assessment within 3 
years after publication of the final methodology 
under section 7422; and 
(2) submit a report describing the results of the 
assessment to the House Committee on Natural Re-
sources and the Senate Committee on Energy and 
Natural Resources within 180 days after the assess-
ment is completed. 
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SEC. 7424. AUTHORIZATION OF APPROPRIATIONS. 
There is authorized to be appropriated to carry out 
this chapter $15,000,000 for the period of fiscal years 
2008 through 2012. 
CHAPTER 3—SEQUESTRATION ACTIVITIES 
SEC. 7431. CARBON DIOXIDE STORAGE INVENTORY. 
Section 354 of the Energy Policy Act of 2005 (42 
U.S.C. 15910) is amended by redesignating subsection (d) 
as subsection (e), and by inserting after subsection (c) the 
following: 
‘‘(d) RECORDS AND INVENTORY.—The Secretary of 
the Interior, acting through the Bureau of Land Manage-
ment, shall maintain records on and an inventory of the 
amount of carbon dioxide stored from Federal energy 
leases.’’. 
SEC. 7432. FRAMEWORK FOR GEOLOGICAL CARBON SE-
QUESTRATION ON FEDERAL LANDS. 
Not later than 1 year after the date of enactment 
of this Act, the Secretary of the Interior shall submit to 
the Committee on Natural Resources of the House of Rep-
resentatives and the Committee on Energy and Natural 
Resources of the Senate a report on a recommended regu-
latory and certification framework for conducting geologi-
cal carbon sequestration activities on Federal lands. The 
Secretary shall identify a lead agency within the Depart-
ment of the Interior to develop this framework. One of 
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