Forest Incentives Program Act of 2021

Summary

Forest Incentives Program Act of 2021 This bill directs the Department of Agriculture (USDA) to establish two programs to achieve greenhouse gas emission reductions. Specifically, USDA must establish (1) a forest incentives program to achieve emission reductions and carbon sequestration on private forest land through carbon incentives contracts and conservation easement agreements, and (2) an incentives program to achieve emission reductions from material choices in buildings. USDA shall pay owners of forest land under a contract or agreement for (1) certain forestry practices that measurably increase carbon sequestration and storage over a designated period on such land, with appropriate crediting for the carbon benefits of harvested wood products; or (2) conservation easements on such land. USDA shall pay owners of nonresidential buildings used for commercial or state or local government for using less energy-intensive commercial or industrial products in new construction or building renovation.

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Timeline

1. 25 March 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 25 March 2021

   Introduced

   Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 25 March 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 March 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 March 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 March 2021

  Open at official source

Sponsors

• Jeanne Shaheen · D · Sponsor
• Shelley Capito · R · Sponsor
• · ssaf00 · Standing

Related records

• related to → Forest Incentives Program Act of 2023
• related to ← Forest Incentives Program Act of 2020