This legislation requires the Secretary of Energy to implement a program for the direct removal of carbon dioxide from ambient air or seawater, setting specific, escalating targets. The mandate begins with 50,000 net metric tons for fiscal years 2026-2027, increasing to 500,000 metric tons by 2028-2030, and reaching 10,000,000 metric tons annually by fiscal year 2036 and beyond. These removal efforts must be economically feasible, defined by a declining price per metric ton, starting at $750 for 2026-2027 and decreasing to $150 by 2037. The bill emphasizes the importance of rigorous measurement, monitoring, reporting, and verification (MMRV) , requiring independent third-party oversight and the establishment of comprehensive standards for these processes. It prioritizes projects that minimize greenhouse gas emissions, support innovative technologies, create domestic jobs, and provide community benefits, including partnerships with labor organizations and small businesses. Additionally, the Secretary is authorized to enter into multi-year contracts for removal services and must ensure that no single entity is responsible for more than 25 percent of the required removal in any given year. The legislation also prohibits double-counting carbon dioxide removed for other greenhouse gas management programs and mandates a study on the long-term future of federal carbon dioxide removal management.