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Forest and Building Incentives: Supporting Landowners and Sustainable Construction

This act introduces financial incentive programs for private forest owners to help them conserve forests and increase carbon sequestration. Additionally, it supports the use of bio-based building materials in new constructions and renovations to reduce greenhouse gas emissions. Citizens can benefit from these programs through direct payments or indirectly, by improving environmental quality.
Key points
Private forest owners can receive payments for activities that increase carbon sequestration, such as tree planting or improved forest management.
Long-term contracts (15-30 years) are available, with higher compensation rates for longer commitments.
The program supports sustainable construction by offering financial incentives for using bio-based products in non-residential buildings.
The goal is to reduce greenhouse gas emissions and create forestry jobs.
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Additional Information
Print number: 117_S_1043
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Process start date: 2021-03-25
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Forest Incentives Program Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1043.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-25.

What are the main provisions?

Key points include:

  • Private forest owners can receive payments for activities that increase carbon sequestration, such as tree planting or improved forest management.
  • Long-term contracts (15-30 years) are available, with higher compensation rates for longer commitments.
  • The program supports sustainable construction by offering financial incentives for using bio-based products in non-residential buildings.
  • The goal is to reduce greenhouse gas emissions and create forestry jobs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Shaheen, Jeanne [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Environment Agriculture Public Investments