118th Congress · SENATE BILLBILL

S. 1366 — Forest Incentives Program Act of 2023

“A bill to require the Secretary of Agriculture to establish a forest incentives program to keep forests intact and sequester carbon on private forest land of the United States, and for other purposes.”

Public lands and natural resources

Introduced Apr 27, 2023

Last action Apr 27, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 27, 2023

Step 2

Referred

Apr 27, 2023

Agriculture, Nutrition, and Forestry

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill directs the Department of Agriculture (USDA) to establish two programs to achieve greenhouse gas emission reductions. Specifically, USDA must establish (1) a forest incentives program to achieve emission reductions and carbon sequestration on private forest land through carbon incentives contracts and conservation easement agreements, and (2) an incentives program to achieve emission reductions from material choices in buildings. USDA shall pay owners of forest land under a contract or agreement for (1) certain forestry practices that measurably increase carbon sequestration and storage over a designated period on such land, with appropriate crediting for the carbon benefits of h...

Provisions · 3 sectionsIntroduced in Senate

Timeline · 2 actions

Apr 27, 2023

Introduced in Senate

Apr 27, 2023

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