Rural Forest Markets Act of 2020
Latest action · Aug 5, 2020 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedAug 5, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Aug 5, 2020 to Nov 10, 2020, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IN | Mike Braun | Original | Aug 5, 2020 |
| I-ME | Angus S. King Jr. | Nov 10, 2020 | |
| R-WV | Shelley Moore Capito | Nov 10, 2020 |
Actions 2
Everything that happened, newest first.
- Aug 5, 2020Introduced in Senate
- Aug 5, 2020Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 4985 | Trillion Trees and Natural Carbon Storage Act | Related bill | Dec 9, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Agriculture and Food.
- Agriculture and Food
- Air quality
- Climate change and greenhouse gases
- Ecology
- Environmental assessment, monitoring, research
- Financial services and investments
- Forests, forestry, trees
- Government lending and loan guarantees
- Rural conditions and development
- Securities
- Social work, volunteer service, charitable organizations
Text 1
Each version as it was printed, newest first.
- Aug 5, 2020Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.