arrow_back Back to App

Support for Rural Forest Owners: New Environmental Income Opportunities

This act aims to help rural forest owners earn income from environmental protection. The government will guarantee loans and other investments to enable them to sell environmental credits. This allows forest owners to gain additional money while contributing to nature conservation and increasing the value of their land.
Key points
Rural forest owners can receive financial support (loan guarantees) for environmental activities.
New income opportunities through selling environmental credits in voluntary markets.
The program aims to increase forestland values and help families maintain ownership.
Support for tree planting on historically forested land, using native species.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_5315
Sponsor: Rep. Pingree, Chellie [D-ME-1]
Process start date: 2023-08-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Rural Forest Markets Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5315.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-08-29.

What are the main provisions?

Key points include:

  • Rural forest owners can receive financial support (loan guarantees) for environmental activities.
  • New income opportunities through selling environmental credits in voluntary markets.
  • The program aims to increase forestland values and help families maintain ownership.
  • Support for tree planting on historically forested land, using native species.
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 Rep. Pingree, Chellie [D-ME-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Forestry.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Agriculture Environment Public Investments