S 4643
Forest Incentives Program Act of 2020
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Bill overview
The Forest Incentives Program Act of 2020 aims to reduce greenhouse gas emissions by providing financial incentives to private forest landowners and building owners. It establishes two programs: one to encourage carbon sequestration and storage on private forest land through contracts and conservation easements, and another to incentivize the use of lower-carbon materials in new and renovated buildings. The USDA will administer these programs, providing payments based on emission reductions and program guidelines.
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