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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.
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Status:
Expired
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Additional Information
Print number: 118_HR_5315
Sponsor: Rep. Pingree, Chellie [D-ME-1]
Process start date: 2023-08-29
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Agriculture Environment Public Investments