Senate Bill 4451
116th Congress(2019-2020)
Rural Forest Markets Act of 2020
Introduced
Introduced
Introduced in Senate on Aug 5, 2020
Overview
Text
Introduced
Aug 5, 2020
Latest Action
Aug 5, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4451
Congress
116
Policy Area
Agriculture and Food
Agriculture and Food
Primary focus of measure is agricultural practices; agricultural prices and marketing; agricultural education; food assistance or nutrition programs; food industry, supply, and safety; aquaculture; horticulture and plants. Measures concerning international trade in agricultural products may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Michigan
Indiana
No Senate votes have been held for this bill.
Summary

Rural Forest Markets Act of 2020

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.

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.

Text (1)
August 5, 2020
Actions (2)
08/05/2020
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
08/05/2020
Introduced in Senate
Public Record
Created
Aug 6, 2020 4:27:08 AM
Updated
Dec 31, 2020 5:30:36 PM