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HR 3790 117th Congress House Agriculture and Food Air quality Climate change and greenhouse gases Ecology Environmental assessment, monitoring, research Financial services and investments Forests, forestry, trees Government lending and loan guarantees Rural conditions and development Securities Social work, volunteer service, charitable organizations

Rural Forest Markets Act of 2021

Introduced: June 8, 2021 Introduced by: Pingree, Chellie Democratic · Maine See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 2021
Referred to the Subcommittee on Conservation and Forestry.
Jun 8, 2021
Referred to the House Committee on Agriculture.
Jun 8, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Rural Forest Markets Act of 2021

This bill directs the Department of Agriculture (USDA) to establish the Rural Forest Market Investment Program to guarantee investments to finance certain projects that will enable rural private forest landowners to participate in an innovative market for forest carbon or other products.

In establishing the program, USDA must consider ways to ensure that the program minimizes disruptions to traditional forest products markets.

Eligible projects are projects developed by a private entity or a publicly supported, charitable nonprofit organization engaged in the aggregation of sustainable forestry practices implemented by rural private forest landowners to facilitate the sale of credits in the voluntary carbon market or other environmental market using a methodology approved by a credible, third-party entity.

USDA may guarantee up to $150 million with respect to each investment.

Authority to carry out the program terminates on September 30, 2023.

What's happening now July 15, 2021

Referred to the Subcommittee on Conservation and Forestry.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 1 Republican 2