[Congressional Record Volume 164, Number 107 (Tuesday, June 26, 2018)]
[Senate]
[Pages S4429-S4430]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3136. Mrs. SHAHEEN submitted an amendment intended to be proposed 
by her to the bill H.R. 2, to provide for the reform and continuation 
of agricultural and other programs of the Department of Agriculture 
through fiscal year 2023, and for other purposes; which was ordered to 
lie on the table; as follows:

       At the end of part II of subtitle F of title VIII, add the 
     following:

     SEC. 86___. FOREST INCENTIVES PROGRAM.

       (a) Definitions.--In this section:
       (1) Carbon incentives contract; contract.--The term 
     ``carbon incentives contract'' or ``contract'' means a 15- to 
     30-year contract that specifies--
       (A) the eligible practices that will be undertaken;
       (B) the acreage of eligible land on which the practices 
     will be undertaken;
       (C) the agreed rate of compensation per acre;
       (D) a schedule to verify that the terms of the contract 
     have been fulfilled; and
       (E) such other terms as are determined necessary by the 
     Secretary.
       (2) Conservation easement agreement; agreement.--The term 
     ``conservation easement agreement'' or ``agreement'' means a 
     permanent conservation easement that--
       (A) covers eligible land that will not be converted for 
     development;
       (B) is enrolled under a carbon incentives contract; and
       (C) is consistent with the guidelines for--
       (i) the Forest Legacy Program established under section 7 
     of the Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 
     2103c), subject to the condition that an eligible practice 
     shall be considered to be a conservation value for purposes 
     of such consistency; or
       (ii) any other program approved by the Secretary for use 
     under this section to provide consistency with Federal legal 
     requirements for permanent conservation easements.
       (3) Eligible land.--The term ``eligible land'' means forest 
     land in the United States that is privately owned at the time 
     of initiation of a carbon incentives contract or conservation 
     easement agreement.
       (4) Eligible practice.--
       (A) In general.--The term ``eligible practice'' means a 
     forestry practice, including improved forest management that 
     produces marketable forest products, that is determined by 
     the Secretary to provide measurable increases in carbon 
     sequestration and storage beyond customary practices on 
     comparable land.
       (B) Inclusions.--The term ``eligible practice'' includes--
       (i) afforestation on nonforested land, such as marginal 
     crop or pasture land, windbreaks, shelterbelts, stream 
     buffers, including working land and urban forests and parks, 
     or other areas identified by the Secretary;
       (ii) reforestation on forest land impacted by wildfire, 
     pests, wind, or other stresses, including working land and 
     urban forests and parks;
       (iii) improved forest management, with appropriate 
     crediting for the carbon benefits of harvested wood products, 
     through practices such as improving regeneration after 
     harvest, planting in understocked forests, reducing 
     competition from slow-growing species, thinning to encourage 
     growth, changing rotations to increase carbon storage, 
     improving harvest efficiency or wood use; and
       (iv) such other practices as the Secretary determines to be 
     appropriate.
       (5) Forest incentives program; program.--The term ``forest 
     incentives program'' or ``program'' means the forest 
     incentives program established under subsection (b)(1).
       (b) Supplemental Greenhouse Gas Emission Reductions in 
     United States.--
       (1) In general.--The Secretary shall establish a forest 
     incentives program to achieve supplemental greenhouse gas 
     emission reductions and carbon sequestration on private 
     forest land of the United States through--
       (A) carbon incentives contracts; and
       (B) conservation easement agreements.
       (2) Priority.--In selecting projects under this subsection, 
     the Secretary shall provide a priority for contracts and 
     agreements--
       (A) that sequester the most carbon on a per acre basis, 
     with appropriate crediting for the carbon benefits of 
     harvested wood products; and
       (B) that create forestry jobs or protect habitats and 
     achieve significant other environmental, economic, and social 
     benefits.
       (3) Eligibility.--
       (A) In general.--To participate in the program, an owner of 
     eligible land shall--
       (i) enter into a carbon incentives contract; and
       (ii) fulfill such other requirements as the Secretary 
     determines to be necessary.
       (B) Continued eligible practices.--An owner of eligible 
     land who has been carrying out eligible practices on the 
     eligible land shall not be barred from entering into a carbon 
     incentives contract under this subsection to continue 
     carrying out the eligible practices on the eligible land.
       (C) Duration of contract.--A contract shall be for a term 
     of not less than 15, nor more than 30, years, as determined 
     by the owner of eligible land.
       (D) Compensation under contract.--The Secretary shall 
     determine the rate of compensation per acre under the 
     contract so that the longer the term of the contract, the 
     higher rate of compensation.
       (E) Relationship to other programs.--An owner or operator 
     shall not be prohibited from participating in the program due 
     to participation of the owner or operator in other Federal or 
     State conservation assistance programs.
       (4) Compliance.--In developing regulations for carbon 
     incentives contracts under this subsection, the Secretary 
     shall specify requirements to address whether the owner of 
     eligible land has completed contract and agreement 
     requirements.
       (c) Incentive Payments.--
       (1) In general.--The Secretary shall provide to owners of 
     eligible land financial incentive payments for--
       (A) eligible practices that measurably increase carbon 
     sequestration and storage over a designated period on 
     eligible land, with appropriate crediting for the carbon 
     benefits of harvested wood products, as specified through a 
     carbon incentives contract; and
       (B) subject to paragraph (2), conservation easements on 
     eligible land covered under a conservation easement 
     agreement.
       (2) Compensation.--The Secretary shall determine the amount 
     of compensation to be provided under a contract under this 
     subsection based on the emissions reductions obtained or 
     avoided and the duration of the reductions, with due 
     consideration to prevailing carbon pricing as determined by 
     any relevant or State compliance offset programs.
       (3) No conservation easement agreement required.--
     Eligibility for financial incentive payments under a carbon 
     incentives contract described in paragraph (1)(A) shall not 
     require a conservation easement agreement.
       (d) Regulations.--Not later than 1 year after the date of 
     enactment of this Act, the Secretary shall issue regulations 
     that specify eligible practices and related compensation 
     rates, standards, and guidelines as the basis for entering 
     into the program with owners of eligible land.
       (e) Set-Aside of Funds for Certain Purposes.--
       (1) In general.--At the discretion of the Secretary, a 
     portion of program funds made available under this program 
     for a fiscal year may be used--
       (A) to develop forest carbon modeling and methodologies 
     that will improve the projection of carbon gains for any 
     forest practices made eligible under the program;
       (B) to provide additional incentive payments for specified 
     management activities that increase the adaptive capacity of 
     land under a carbon incentives contract; and
       (C) for the Forest Inventory and Analysis Program of the 
     Forest Service to develop improved measurement and monitoring 
     of forest carbon stocks.
       (2) Program components.--In establishing the program, the 
     Secretary shall provide that funds provided under this 
     section shall not be substituted for, or otherwise used as a 
     basis for reducing, funding authorized or appropriated under 
     other programs to compensate owners of eligible land for 
     activities that are not covered under the program.

[[Page S4430]]

       (f) Program Measurement, Monitoring, Verification, and 
     Reporting.--
       (1) Measurement, monitoring, and verification.--The 
     Secretary shall establish and implement protocols that 
     provide monitoring and verification of compliance with the 
     terms of contracts and agreements.
       (2) Reporting requirement.--At least annually, the 
     Secretary shall submit to Congress a report that contains--
       (A) an estimate of annual and cumulative reductions 
     achieved as a result of the program, determined using 
     standardized measures, including measures of economic 
     efficiency;
       (B) a summary of any changes to the program that will be 
     made as a result of program measurement, monitoring, and 
     verification;
       (C) the total number of acres enrolled in the program by 
     method; and
       (D) a State-by-State summary of the data.
       (3) Availability of report.--Each report required by this 
     subsection shall be available to the public through the 
     website of the Department of Agriculture.
       (4) Program adjustments.--At least once every 2 years the 
     Secretary shall adjust eligible practices and compensation 
     rates for future carbon incentives contracts based on the 
     results of monitoring under paragraph (1) and reporting under 
     paragraph (2), if determined necessary by the Secretary.
       (5) Estimating carbon benefits.--Any modeling, methodology, 
     or protocol resource developed under this section--
       (A) shall be suitable for estimating carbon benefits 
     associated with eligible practices for the purpose of 
     incentives under this section; and
       (B) may be used for netting by States or emission sources 
     under Federal programs relating to carbon emissions.
       (g) Authorization of Appropriations.--There are authorized 
     to be appropriated to carry out this section such sums as are 
     necessary.

       At the end of subtitle E of title XII, add the following:

     SEC. 125___. MATERIAL CHOICES IN BUILDINGS FOR SUPPLEMENTAL 
                   GREENHOUSE GAS EMISSION REDUCTIONS IN UNITED 
                   STATES.

       (a) Definitions.--In this section:
       (1) Eligible building.--The term ``eligible building'' 
     means a nonresidential building used for commercial or State 
     or local government purposes.
       (2) Eligible product.--The term ``eligible product'' means 
     a commercial or industrial product, such as an intermediate, 
     feedstock, or end product (other than food or feed), that is 
     composed in whole or in part of biological products, 
     including renewable agricultural and forestry materials used 
     as structural building material.
       (3) Program.--The term ``program'' means the greenhouse gas 
     incentives program established under this section.
       (b) Supplemental Greenhouse Gas Emission Reductions in 
     Buildings.--
       (1) In general.--The Secretary shall establish a greenhouse 
     gas incentives program to achieve supplemental greenhouse gas 
     emission reductions from material choices in buildings, based 
     on the lifecycle assessment of the building materials.
       (2) Financial incentive payments.--The Secretary shall 
     provide to owners of eligible buildings incentive payments 
     for the use of eligible products in buildings for 
     sequestering carbon based on a lifecycle assessment of the 
     structural assemblies, as compared to a model building as a 
     result of using eligible products in substitution for more 
     energy-intensive materials in--
       (A) new construction; or
       (B) building renovation.
       (c) Program Requirements.--
       (1) Applications.--To be eligible to participate in the 
     program, the owner of an eligible building shall submit to 
     the Secretary an application at such time, in such manner, 
     and containing such information as the Secretary may require.
       (2) Components.--In establishing the program, the Secretary 
     shall require that payments for activities under the program 
     shall be--
       (A) established at a rate not to exceed the net estimated 
     benefit an owner of an eligible building would receive for 
     similar practices under any federally established carbon 
     offset program, taking into consideration the costs 
     associated with the issuance of credits and compliance with 
     reversal provisions;
       (B) provided to owners of eligible buildings demonstrating 
     at least a 20-percent reduction in carbon emissions 
     potential, based on a lifecycle assessment of the structural 
     assemblies, as compared to the structural assemblies of a 
     model building, subject to the requirements that--
       (i) the Secretary shall identify a model baseline 
     nonresidential building--

       (I) of common size and function; and
       (II) having a service life of not less than 60 years; and

       (ii) applicants shall evaluate the carbon emissions 
     potential of the baseline building and the proposed building 
     using the same lifecycle assessment software tool and data 
     sets, which shall be compliant with the document numbered ISO 
     14044; and
       (C) provided on certification by the owner of an eligible 
     building and verification by the Secretary, after 
     consultation with the Secretary of Energy, that--
       (i) the eligible building meets the requirements of the 
     applicable State commercial building energy efficiency code 
     (as in effect on the date of the applicable permit of the 
     eligible building); and
       (ii) the State has made the certification required pursuant 
     to section 304 of the Energy Conservation and Production Act 
     (42 U.S.C. 6833).
       (3) Incentive payments.--A participant in the program shall 
     receive payment under the program on completion of 
     construction or renovation of the applicable eligible 
     building.
       (d) Reports.--Not less frequently than once each year, the 
     Secretary shall submit to Congress a report that contains--
       (1) an estimate of annual and cumulative reductions 
     achieved as a result of the program--
       (A) determined by using lifecycle assessment software that 
     is compliant with the document numbered ISO 14044; and
       (B) expressed in terms of the total number of cars removed 
     from the road;
       (2) a summary of any changes to the program that will be 
     made as a result of past implementation of the program; and
       (3) the total number of buildings under carbon incentives 
     contracts as of the date of the report.
       (e) Analytical Requirements.--For purposes of this 
     section--
       (1) any carbon emissions potential calculation shall--
       (A) be performed in accordance with standard lifecycle 
     assessment practice; and
       (B) include removal and sequestration of carbon dioxide 
     from the use of biobased products, as well as recycled 
     content materials;
       (2) a full lifecycle assessment shall be conducted taking 
     into consideration all lifecycle stages, including--
       (A) resource extraction and processing;
       (B) product manufacturing;
       (C) onsite construction of assemblies;
       (D) transportation;
       (E) maintenance and replacement cycles over an assumed 
     eligible building service life of 60 years; and
       (F) demolition;
       (3) structural assemblies shall be considered to include 
     columns, beams, girders, purlins, floor deck, roof, and 
     structural envelope elements;
       (4) primary materials shall be considered to include common 
     products used as the structural system, such as wood, steel, 
     concrete, or masonry; and
       (5) the effects of recycling, reuse, or energy recovery 
     beyond the boundaries of an applicable study system shall not 
     be taken in account.
       (f) Authorization of Appropriations.--There are authorized 
     to be appropriated such sums as are necessary to carry out 
     this section.
                                 ______