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Trillion Trees and Natural Carbon Storage Act

USA116th CongressS-4985| Senate 
| Updated: 12/9/2020
Mike Braun

Mike Braun

Republican Senator

Indiana

Cosponsors (3)
Christopher A. Coons (Democratic)Todd Young (Republican)Angus S. King (Independent)

Agriculture, Nutrition, and Forestry Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Trillion Trees and Natural Carbon Storage Act This bill directs the Department of Agriculture (USDA), in collaboration with the National Oceanic and Atmospheric Administration, to establish (1) objectives for increased net carbon stock for the forest, grassland, wetland, and coastal blue carbon habitat ecosystems of the United States that are owned or managed by the federal government; and (2) objectives that shall be developed collaboratively between one or more nonfederal entities and one or more federal partners for increased net carbon stock for the forest, grassland, wetland, and coastal blue carbon habitat ecosystems of the United States that are owned or managed by a state or local government, an Indian Tribe, or a private person. USDA shall establish a program, to be known as the Rural Forest Market Investment Program, to guarantee an environmental impact bond, loan, or other investment vehicle issued for the sole purpose of financing eligible projects developed to facilitate the sale of credits in the voluntary carbon market or other recognized environmental market to enable rural private forest landowners to participate in an innovative market for forest carbon or other products. USDA may enter into an agreement, or expand on existing partnerships, with a nonprofit organization to establish an International Forest Foundation to, among other things, support forest landscape restoration, end deforestation, and conserve and restore grasslands, wetlands, and blue carbon habitats around the world.
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Timeline
Dec 9, 2020
Introduced in Senate
Dec 9, 2020
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
  • December 9, 2020
    Introduced in Senate


  • December 9, 2020
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Public Lands and Natural Resources

Related Bills

  • S 116-4451: Rural Forest Markets Act of 2020

Trillion Trees and Natural Carbon Storage Act

USA116th CongressS-4985| Senate 
| Updated: 12/9/2020
Trillion Trees and Natural Carbon Storage Act This bill directs the Department of Agriculture (USDA), in collaboration with the National Oceanic and Atmospheric Administration, to establish (1) objectives for increased net carbon stock for the forest, grassland, wetland, and coastal blue carbon habitat ecosystems of the United States that are owned or managed by the federal government; and (2) objectives that shall be developed collaboratively between one or more nonfederal entities and one or more federal partners for increased net carbon stock for the forest, grassland, wetland, and coastal blue carbon habitat ecosystems of the United States that are owned or managed by a state or local government, an Indian Tribe, or a private person. USDA shall establish a program, to be known as the Rural Forest Market Investment Program, to guarantee an environmental impact bond, loan, or other investment vehicle issued for the sole purpose of financing eligible projects developed to facilitate the sale of credits in the voluntary carbon market or other recognized environmental market to enable rural private forest landowners to participate in an innovative market for forest carbon or other products. USDA may enter into an agreement, or expand on existing partnerships, with a nonprofit organization to establish an International Forest Foundation to, among other things, support forest landscape restoration, end deforestation, and conserve and restore grasslands, wetlands, and blue carbon habitats around the world.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 9, 2020
Introduced in Senate
Dec 9, 2020
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
  • December 9, 2020
    Introduced in Senate


  • December 9, 2020
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Mike Braun

Mike Braun

Republican Senator

Indiana

Cosponsors (3)
Christopher A. Coons (Democratic)Todd Young (Republican)Angus S. King (Independent)

Agriculture, Nutrition, and Forestry Committee

Public Lands and Natural Resources

Related Bills

  • S 116-4451: Rural Forest Markets Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted