Rural Forest Markets Act of 2021

Summary

Rural Forest Markets Act of 202 1 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.

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Timeline

1. 13 April 2021

   Introduced

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

   Source: IntroReferral

2. 13 April 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 13 April 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 13 April 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 April 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 April 2021

  Open at official source

Sponsors

• Sen. Stabenow, Debbie [D-MI] · D · Sponsor
• Sen. Braun, Mike [R-IN] · R · Sponsor
• Angus King · I · Sponsor
• Shelley Capito · R · Sponsor
• Susan Collins · R · Cosponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Cosponsor
• · ssaf00 · Standing

Related records

• related to ← Rural Forest Markets Act of 2021
• related to ← Rural Forest Markets Act of 2020