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Support for Sawmills and Wood Industry: New Development Loans

This act aims to support sawmills and wood processing facilities in rural areas by offering them loan guarantees. Citizens living near forests may benefit from new job opportunities and lower costs for forest restoration projects, potentially improving the local environment.
Key points
The government will provide up to $220 million in loan guarantees for sawmills and wood processing facilities in rural areas.
Financial support is intended to help open, modernize, and expand facilities, potentially creating new jobs.
Loans are available to businesses that can help reduce the costs of vegetation removal in forest restoration projects, contributing to better management of federal lands.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2221
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2025-07-09