,,ii  #aafth ,,congress  #b;d ,session  
,s4 #ddea  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #e1    
#bjbj,ms4 ,stabenow 7for herself and    
,mr4 ,braun7 introduced the following   
bill2 which was read twice and referred 
to the ,committee on ,agriculture1      
,nutrition1 and ,forestry  ,a ,,bill    
,to authorize the ,secretary of         
,agriculture to guarantee investments   
that will open new markets for forest   
owners in rural areas of the ,united    
,states1 and for other purposes4  #a4   
,short title ,this ,act may be cited as 
the ,rural ,forest ,markets ,act of     
#bjbj4  #b4 ,rural ,forest ,market      
,investment ,program  7a7 ,definitions  
,in this section3 7#a7 ,rural ,the term 
rural has the meaning given the term in 
section #cdc of the ,consolidated ,farm 
and ,rural ,development ,act 7#g        
,u4,s4,c4 #aiia74  7#b7 ,secretary ,the 
term ,secretary means the ,secretary of 
,agriculture4  7b7 ,establishment of    
program  7#a7 ,in general ,the          

,secretary shall establish a program1 to
 be known as the ,rural ,forest ,market 
,investment ,program1 to guarantee an   
environmental impact bond1 loan1 or     
other investment vehicle1 as determined 
by the ,secretary1 issued for the sole  
purpose of financing eligible projects  
described in subsection 7c71 to enable  
rural private forest landowners to      
participate in an innovative market for 
forest carbon or other products4  7#b7  
,consideration ,in establishing the     
program under paragraph 7#a71 the       
,secretary may consider ways to ensure  
that the program minimizes1 to the      
extent practicable1 disruptions to      
traditional forest products markets4    
7c7 ,eligible projects ,an eligible     
project referred to in subsection       
7b77#a7 is a project developed by       
private entity1 or a publicly supported1
 charitable nonprofit organization1     
engaged in the aggregation of           
sustainable forestry practices          
implemented by rural private forest     

landowners to facilitate the sale of    
credits in the voluntary carbon market  
or other environmental market1 using a  
methodology approved by a credible1     
third-party entity1 as determined by the
 ,secretary4  7d7 ,requirements ,a      
project described in subsection 7c7 that
 includes the practice of tree planting 
may only be carried out1 as determined  
by the ,secretary-- 7#a7 on land that   
was historically forested2  7#b7 using  
tree species that are native to the     
region and at ecologically appropriate  
densities2 and  7#c7 in a manner that   
does not create other negative impacts  
to biodiversity or the environment4  7e7
 ,guarantee amount ,the ,secretary may  
guarantee not more than #aej1jjj1jjj    
with respect to each bond1 loan1 or     
other investment vehicle under          
subsection 7b77#a74  7f7 ,regulations   
,not later than #cj days after the date 
of enactment of this ,act1 the          
,secretary shall issue regulations to   
implement the program established under 

subsection 7b77#a74  7g7 ,termination of
 authority ,the authority provided by   
this section terminates on ,september   
#cj1 #bjbc4