Sawmill act
Sawmill Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- 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 located in rural areas – to help them expand, reopen, or improve their operations. These loans are intended to encourage the sustainable use of Federal land for ecological restoration projects, particularly those involving vegetation removal.
Key provisions
- Establishes the Timber Production Expansion Guaranteed Loan Program.
- Defines ‘eligible entity’ as sawmill owners/operators in rural areas.
- Defines ‘eligible Federal land’ as Federal land prioritized for ecological restoration.
- Requires the Secretaries of Agriculture and the Interior to identify high-priority Federal land.
- Allows loan guarantees to sawmills within 250 miles of eligible Federal land if it reduces the cost of ecological restoration.
- Sets a maximum loan guarantee amount of $220,000,000.
Who is affected
- Sawmill owners and operators
- Rural communities
- Federal land managers (Department of Agriculture and Department of the Interior)
- Forestry industry
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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