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Forest Incentives Program Act of 2018

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

Official summary

Version 00 · Introduced in Senate · Jan 29, 2018

Forest Incentives Program Act of 2018

This bill directs the Department of Agriculture (USDA) to create certain programs that provide incentives to reduce greenhouse gas emissions.

Specifically, USDA must establish an incentives program to achieve supplemental greenhouse gas emission reductions and carbon sequestration on U.S. private forest land (eligible land) through carbon incentives contracts and conservation easement agreements. Under the program, USDA must make payments to owners of eligible land for: (1) certain forestry practices that increase carbon sequestration and storage over a designated period on eligible land, and (2) conservation easements on eligible land.

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In addition, USDA must establish an incentives program to achieve supplemental greenhouse gas emission reductions from materials in nonresidential buildings used for commercial or state or local government purposes. Under the program, USDA must provide owners of such buildings payments for the use of eligible products for sequestering carbon in those buildings. Eligible products are commercial or industrial products that are composed of biological products, including renewable agricultural and forestry materials.

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Who introduced it

Sen. Shaheen, Jeanne [D-NH] · D–NH

Committees

  • Agriculture, Nutrition, and Forestry Committee
0 cosponsorship records, including any withdrawals

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

    2. Introduced in Senate

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