Sawmill act
Sawmill Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill aims to support American sawmills and wood processing facilities by establishing a loan program. The program, called the SAWMILL Act, will provide loan guarantees to eligible entities – primarily sawmills in rural areas – to help them expand, reopen, or improve their operations. These loans are intended to encourage the sustainable management of Federal lands by reducing the costs associated with ecological restoration projects.
Key provisions
- Establishes the Timber Production Expansion Guaranteed Loan Program.
- Defines key terms like ‘eligible entity,’ ‘eligible Federal land,’ and ‘Program.’
- Requires the Secretaries of Agriculture and the Interior to identify Federal land for ecological restoration.
- Allows loan guarantees to sawmills located near eligible Federal land.
- Sets a maximum loan guarantee amount of $220 million.
Who is affected
- Sawmills and wood-processing facilities
- Rural communities
- Federal land managers (Secretaries of Agriculture and Interior)
- Indian tribes (through Indian forest land)
Notable changes
- Creates a new loan guarantee program specifically for sawmills.
- Links sawmill development to ecological restoration efforts on Federal land.
Bill text
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Sponsors
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14 on record
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Cosponsors
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