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National Forest Funds: New Investment Rules for Restoration and Protection

This act changes how money from penalties and settlements related to forest lands is managed. Instead of going directly into the general budget, these funds will be invested, and the interest earned will be used for forest restoration and protection. This means more money will be available for maintaining and improving forests, potentially impacting recreational areas and environmental quality.
Key points
Funds from penalties and settlements for forest damage will be invested, with interest dedicated to forest restoration.
The act broadens the scope of work these funds can cover, including assessment, improvement, protection, restoration, and rehabilitation of forests.
The Secretary of the Treasury must present plans for using these funds to Congress in the annual budget.
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VOTING RESULTS
2021-12-08
90%
For 385
Against 42
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4489
Sponsor: Rep. Schrier, Kim [D-WA-8]
Process start date: 2021-07-16
Voting date: 2021-12-08
Meeting no: 1
Voting no: 410