3.0.0 3399 2025-01-14T16:41:20Z 2025-01-14T16:41:20Z Senate S S 2023-12-05 118 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred To 2023-12-05T17:18:56Z 118 5315 HR 2023-09-26 Referred to the Subcommittee on Forestry. Related bill CRS 2023-12-05 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2023-12-05 Introduced in Senate IntroReferral 10000 9 Library of Congress C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA N B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN 2023-12-05 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2023-12-05 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2024-07-31 False Agriculture and Food Air quality 2024-08-05T19:24:29Z Climate change and greenhouse gases 2024-08-05T19:18:38Z Environmental assessment, monitoring, research 2024-08-05T19:18:38Z Financial services and investments 2024-08-05T19:24:12Z Forests, forestry, trees 2024-08-05T19:18:38Z Government lending and loan guarantees 2024-08-05T19:18:38Z Land use and conservation 2024-08-05T19:18:38Z Rural conditions and development 2024-08-05T19:18:38Z Securities 2024-08-05T19:24:04Z State and local government operations 2024-08-05T19:18:38Z Tax-exempt organizations 2024-08-05T19:18:38Z User charges and fees 2024-08-05T19:18:38Z Agriculture and Food 2024-01-21T21:45:14Z

00 2023-12-05 Introduced in Senate 2024-10-28T15:50:30Z <p><strong>Rural Forest Markets Act of 2023</strong></p><p>This bill directs the Department of Agriculture (USDA) to establish a Rural Forest Market Investment Program to guarantee environmental impact bonds, loans, or other investment vehicles to enable rural private forest landowners to participate in voluntary environmental credit markets (i.e., voluntary markets through which environmental credits may be bought or sold).</p><p>Projects eligible for the program are those developed by a private entity, state forestry agency, or 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 environmental credit markets. These projects must use methodologies that (1) are approved by a credible, third-party entity; and (2) meet global benchmarks for high integrity.</p><p>The bill&nbsp;has specific requirements for projects that include the practice of tree planting (e.g., be on land that was historically&nbsp;forested).</p><p>In addition, the bill prohibits a bond, loan, or other investment vehicle guaranteed under the program from being used to create a floor price or artificial demand for the environmental credits generated.</p><p>Further, under the program, USDA must</p><ul><li>guarantee not more than $150 million in the aggregate for bonds, loans, and other investment vehicles;</li><li>conduct annual audits of each eligible project financed under the program; and</li><li>issue implementing regulations.</li></ul><!--tinycomments|2.1|data:application/json;base64,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-->

Display Title 45 2024-08-02T11:03:16Z Official Title as Introduced 6 2024-08-01T10:56:49Z Introduced in Senate IS Short Title(s) as Introduced 101 2024-05-24T13:34:45Z Introduced in Senate IS Introduced in Senate 2023-12-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s3399is/xml/BILLS-118s3399is.xml 2023-12-05 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.