,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #dfdc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #bb1         
#bjbj,mrs4 ,%ahe5 7= h]self & ,mrs4     
,capito7 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,agriculture1 ,nutrition1 & ,=e/ry  ,a  
,,bill  ,to require ! ,secret>y (       
,agriculture to e/abli% a =e/ inc5tives 
program to keep =e/s intact & seque/]   
c>bon on private =e/ l& ( ! ,unit$      
,/ates1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,=e/    
,inc5tives ,program ,act ( #bjbj4  #b4  
,=e/ inc5tives program  7a7 ,def9itions 
,9 ?is section3 7#a7 ,c>bon inc5tives   
contract2 contract ,! t]m c>bon         
inc5tives contract or contract means a  
#ae- to #cj-ye> contract t specifies--  
7,a7 ! eligible practices t w be        
und]tak52  7,b7 ! acreage ( eligible l& 
on :i* ! practices w be und]tak52  7,c7 
! agre$ rate ( comp5sation p] acre2     
7,d7 a s*$ule to v]ify t ! t]ms ( !     
contract h be5 fulfill$2 &  7,e7 su* o!r

 t]ms z are det]m9$ necess>y by !       
,secret>y4  7#b7 ,cons]vation easem5t   
agreem5t2 agreem5t ,! t]m cons]vation   
easem5t agreem5t or agreem5t means a    
p]man5t cons]vation easem5t t-- 7,a7    
cov]s eligible l& t w n be conv]t$ =    
developm5t2  7,b7 is enroll$ "u a c>bon 
inc5tives contract2 &  7,c7 is consi/5t 
) ! guidel9es =-- 7i7 ! ,=e/ ,legacy    
,program e/abli%$ "u section #g ( !     
,coop]ative ,=e/ry ,assi/ance ,act (    
#aigh 7#af ,u4,s4,c4 #bajc;c71 subject  
to ! condition t an eligible practice   
%all be consid]$ to be a cons]vation    
value = purposes ( su* consi/5cy2 or    
7ii7 any o!r program approv$ by !       
,secret>y = use "u ?is section to       
provide consi/5cy ) ,f$]al legal        
requirem5ts = p]man5t cons]vation       
easem5ts4  7#c7 ,eligible l& ,! t]m     
eligible l& means =e/ l& 9 ! ,unit$     
,/ates t is privately own$ at ! "t (    
initiation ( a c>bon inc5tives contract 
or cons]vation easem5t agreem5t4  7#d7  
,eligible practice  7,a7 ,9 g5]al ,! t]m

 eligible practice means a =e/ry        
practice1 includ+ improv$ =e/ managem5t 
t produces m>ketable =e/ products1 t is 
det]m9$ by ! ,secret>y to provide       
measurable increases 9 c>bon            
seque/ration & /orage beyond cu/om>y    
practices on comp>able l&4  7,b7        
,inclusions ,! t]m eligible practice    
includes-- 7i7 af=e/ation on non=e/$ l&1
 su* z m>g9al crop or pa/ure l&1        
w9dbreaks1 %elt]belts1 /ream buff]s1    
includ+ work+ l& & urban =e/s & p>ks1 or
 o!r areas id5tifi$ by ! ,secret>y2     
7ii7 re=e/ation on =e/ l& impact$ by    
wildfire1 pe/s1 w9d1 or o!r /resses1    
includ+ work+ l& & urban =e/s & p>ks2   
7iii7 improv$ =e/ managem5t1 )          
appropriate cr$it+ = ! c>bon b5efits (  
h>ve/$ wood products1 ?r\gh practices   
su* z improv+ reg5]ation aft] h>ve/1    
plant+ 9 und]/ock$ =e/s1 r$uc+          
competition f sl[-gr[+ species1 ?9n+ to 
enc\rage gr[?1 *ang+ rotations to       
increase c>bon /orage1 improv+ h>ve/    
effici5cy or wood use2 &  7iv7 su* o!r  

practices z ! ,secret>y det]m9es to be  
appropriate4  7#e7 ,=e/ inc5tives       
program2 program ,! t]m =e/ inc5tives   
program or program means ! =e/ inc5tives
 program e/abli%$ "u subsection 7b77#a74
  7#f7 ,secret>y ,! t]m ,secret>y means 
! ,secret>y ( ,agriculture4  7b7        
,supplem5tal gre5h\se gas emission      
r$uctions 9 ,unit$ ,/ates  7#a7 ,9 g5]al
 ,! ,secret>y %all e/abli% a =e/        
inc5tives program to a*ieve supplem5tal 
gre5h\se gas emission r$uctions & c>bon 
seque/ration on private =e/ l& ( !      
,unit$ ,/ates ?r\gh-- 7,a7 c>bon        
inc5tives contracts2 &  7,b7 cons]vation
 easem5t agreem5ts4  7#b7 ,priority ,9  
select+ projects "u ?is subsection1 !   
,secret>y %all provide a priority =     
contracts & agreem5ts-- 7,a7 t seque/] !
 mo/ c>bon on a p] acre basis1 )        
appropriate cr$it+ = ! c>bon b5efits (  
h>ve/$ wood products2 &  7,b7 t create  
=e/ry jobs or protect habitats & a*ieve 
significant o!r environm5tal1 economic1 
& social b5efits4  7#c7 ,eligibility    

7,a7 ,9 g5]al ,to p>ticipate 9 !        
program1 an own] ( eligible l& %all--   
7i7 ent] into a c>bon inc5tives         
contract2 &  7ii7 fulfill su* o!r       
requirem5ts z ! ,secret>y det]m9es to be
 necess>y4  7,b7 ,cont9u$ eligible      
practices ,an own] ( eligible l& :o has 
be5 c>ry+ out eligible practices on !   
eligible l& %all n be b>r$ f ent]+ into 
a c>bon inc5tives contract "u ?is       
subsection to cont9ue c>ry+ out !       
eligible practices on ! eligible l&4    
7,c7 ,duration ( contract ,a contract   
%all be = a t]m ( n less ?an #ae1 nor m 
?an #cj1 ye>s1 z det]m9$ by ! own] (    
eligible l&4  7,d7 ,comp5sation "u      
contract ,! ,secret>y %all det]m9e !    
rate ( comp5sation p] acre "u ! contract
 s t ! long] ! t]m ( ! contract1 ! high]
 rate ( comp5sation4  7,e7 ,relation%ip 
to o!r programs ,an own] or op]ator %all
 n be prohibit$ f p>ticipat+ 9 ! program
 due to p>ticipation ( ! own] or op]ator
 9 o!r ,f$]al or ,/ate cons]vation      
assi/ance programs4  7#d7 ,compliance ,9

 develop+ regulations = c>bon inc5tives 
contracts "u ?is subsection1 ! ,secret>y
 %all specify requirem5ts to address    
:e!r ! own] ( eligible l& has complet$  
contract & agreem5t requirem5ts4  7c7   
,inc5tive paym5ts  7#a7 ,9 g5]al ,!     
,secret>y %all provide to own]s (       
eligible l& f9ancial inc5tive paym5ts   
=-- 7,a7 eligible practices t measurably
 increase c>bon seque/ration & /orage   
ov] a designat$ p]iod on eligible l&1 ) 
appropriate cr$it+ = ! c>bon b5efits (  
h>ve/$ wood products1 z specifi$ ?r\gh a
 c>bon inc5tives contract2 &  7,b7      
subject to p>agraph 7#b71 cons]vation   
easem5ts on eligible l& cov]$ "u a      
cons]vation easem5t agreem5t4  7#b7     
,comp5sation ,! ,secret>y %all det]m9e !
 am\nt ( comp5sation to be provid$ "u a 
contract "u ?is subsection bas$ on !    
emissions r$uctions obta9$ or avoid$ & !
 duration ( ! r$uctions1 ) due          
consid]ation to prevail+ c>bon pric+ z  
det]m9$ by any relevant or ,/ate        
compliance (fset programs4  7#c7 ,no    

cons]vation easem5t agreem5t requir$    
,eligibility = f9ancial inc5tive paym5ts
 "u a c>bon inc5tives contract describ$ 
9 p>agraph 7#a77;,a7 %all n require a   
cons]vation easem5t agreem5t4  7d7      
,regulations ,n lat] ?an #a ye> aft] !  
date ( enactm5t ( ?is ,act1 ! ,secret>y 
%all issue regulations t specify        
eligible practices & relat$ comp5sation 
rates1 /&>ds1 & guidel9es z ! basis =   
ent]+ into ! program ) own]s ( eligible 
l&4  7e7 ,set-,aside ( funds = c]ta9    
purposes  7#a7 ,9 g5]al ,at ! discretion
 ( ! ,secret>y1 a portion ( program     
funds made available "u ! program = a   
fiscal ye> may be us$-- 7,a7 to develop 
=e/ c>bon model+ & me?odologies t w     
improve ! projection ( c>bon ga9s = any 
=e/ practices made eligible "u !        
program2  7,b7 to provide additional    
inc5tive paym5ts = specifi$ managem5t   
activities t increase ! adaptive        
capacity ( l& "u a c>bon inc5tives      
contract2 &  7,c7 = ! ,=e/ ,inv5tory &  
,analysis ,program ( ! ,=e/ ,s]vice to  

develop improv$ measurem5t & monitor+ ( 
=e/ c>bon /ocks4  7#b7 ,program         
compon5ts ,9 e/abli%+ ! program1 !      
,secret>y %all provide t funds provid$  
"u ?is section %all n be sub/itut$ =1 or
 o!rwise us$ z a basis = r$uc+1 fund+   
au?oriz$ or appropriat$ "u o!r programs 
to comp5sate own]s ( eligible l& =      
activities t are n cov]$ "u ! program4  
7f7 ,program measurem5t1 monitor+1      
v]ification1 & report+  7#a7            
,measurem5t1 monitor+1 & v]ification ,! 
,secret>y %all e/abli% & implem5t       
protocols t provide monitor+ &          
v]ification ( compliance ) ! t]ms (     
contracts & agreem5ts4  7#b7 ,report+   
requirem5t ,at lea/ annually1 !         
,secret>y %all submit to ,congress a    
report t conta9s-- 7,a7 an e/imate (    
annual & cumulative r$uctions a*iev$ z a
 result ( ! program1 det]m9$ us+ /&>diz$
 measures1 includ+ measures ( economic  
effici5cy2  7,b7 a summ>y ( any *anges  
to ! program t w be made z a result (   
program measurem5t1 monitor+1 &         

v]ification2  7,c7 ! total numb] ( acres
 enroll$ 9 ! program by me?od2 &  7,d7 a
 ,/ate-by-,/ate summ>y ( ! data4  7#c7  
,availability ( report ,ea* report      
requir$ by ?is subsection %all be       
available to ! public ?r\gh ! website ( 
! ,dep>tm5t ( ,agriculture4  7#d7       
,program adju/m5ts ,at lea/ once e #b   
ye>s ! ,secret>y %all adju/ eligible    
practices & comp5sation rates = future  
c>bon inc5tives contracts bas$ on !     
results ( monitor+ "u p>agraph 7#a7 &   
report+ "u p>agraph 7#b71 if det]m9$    
necess>y by ! ,secret>y4  7#e7 ,e/imat+ 
c>bon b5efits ,any model+1 me?odology1  
or protocol res\rce develop$ "u ?is     
section-- 7,a7 %all be suitable =       
e/imat+ c>bon b5efits associat$ )       
eligible practices = ! purpose (        
inc5tives "u ?is section2 &  7,b7 may be
 us$ = nett+ by ,/ates or emission      
s\rces "u ,f$]al programs relat+ to     
c>bon emissions4  7g7 ,au?orization (   
appropriations ,!re are au?oriz$ to be  
appropriat$ su* sums z are necess>y to  

c>ry out ?is section4  #c4 ,mat]ial     
*oices 9 build+s = supplem5tal gre5h\se 
gas emission r$uctions 9 ,unit$ ,/ates  
7a7 ,def9itions ,9 ?is section3 7#a7    
,eligible build+ ,! t]m eligible build+ 
means a nonresid5tial build+ us$ =      
comm]cial or ,/ate or local gov]nm5t    
purposes4  7#b7 ,eligible product ,! t]m
 eligible product means a comm]cial or  
indu/rial product1 su* z an int]m$iate1 
fe$/ock1 or end product 7o!r ?an food or
 fe$71 t is compos$ 9 :ole or 9 "p (    
biological products1 includ+ r5ewable   
agricultural & =e/ry mat]ials us$ z     
/ructural build+ mat]ial4  7#c7 ,program
 ,! t]m program means ! gre5h\se gas    
inc5tives program e/abli%$ "u ?is       
section4  7#d7 ,secret>y ,! t]m         
,secret>y means ! ,secret>y (           
,agriculture4  7b7 ,supplem5tal gre5h\se
 gas emission r$uctions 9 build+s  7#a7 
,9 g5]al ,! ,secret>y %all e/abli% a    
gre5h\se gas inc5tives program to a*ieve
 supplem5tal gre5h\se gas emission      
r$uctions f mat]ial *oices 9 build+s1   

bas$ on ! lifecycle assessm5t ( ! build+
 mat]ials4  7#b7 ,f9ancial inc5tive     
paym5ts ,! ,secret>y %all provide to    
own]s ( eligible build+s inc5tive       
paym5ts = ! use ( eligible products 9   
build+s = seque/]+ c>bon bas$ on a      
lifecycle assessm5t ( ! /ructural       
assemblies1 z comp>$ to a model build+ z
 a result ( us+ eligible products 9     
sub/itution = m en]gy-int5sive mat]ials 
9-- 7,a7 new con/ruction2 or  7,b7      
build+ r5ovation4  7c7 ,program         
requirem5ts  7#a7 ,applications ,to be  
eligible to p>ticipate 9 ! program1 !   
own] ( an eligible build+ %all submit to
 ! ,secret>y an application at su* "t1 9
 su* mann]1 & conta9+ su* in=mation z ! 
,secret>y may require4  7#b7 ,compon5ts 
,9 e/abli%+ ! program1 ! ,secret>y %all 
require t paym5ts = activities "u !     
program %all be-- 7,a7 e/abli%$ at a    
rate n to exce$ ! net e/imat$ b5efit an 
own] ( an eligible build+ w\ld receive =
 simil> practices "u any f$]ally        
e/abli%$ c>bon (fset program1 tak+ into 

consid]ation ! co/s associat$ ) !       
issuance ( cr$its & compliance ) rev]sal
 provisions2  7,b7 provid$ to own]s (   
eligible build+s demon/rat+ at lea/ a   
#bj-p]c5t r$uction 9 c>bon emissions    
pot5tial1 bas$ on a lifecycle assessm5t 
( ! /ructural assemblies1 z comp>$ to ! 
/ructural assemblies ( a model build+1  
subject to ! requirem5ts t-- 7i7 !      
,secret>y %all id5tify a model basel9e  
nonresid5tial build+-- 7,i7 ( common    
size & function2 &  7,,ii7 hav+ a s]vice
 life ( n less ?an #fj ye>s2 &  7ii7    
applicants %all evaluate ! c>bon        
emissions pot5tial ( ! basel9e build+ & 
! propos$ build+ us+ ! same lifecycle   
assessm5t s(tw>e tool & data sets1 :i*  
%all be compliant ) ! docum5t numb]$    
,,iso #adjdd2 &  7,c7 provid$ on        
c]tification by ! own] ( an eligible    
build+ & v]ification by ! ,secret>y1    
aft] consultation ) ! ,secret>y (       
,en]gy1 t-- 7i7 ! eligible build+ meets 
! requirem5ts ( ! applicable ,/ate      
comm]cial build+ en]gy effici5cy code 7z

 9 effect on ! date ( ! applicable p]mit
 ( ! eligible build+72 &  7ii7 ! ,/ate  
has made ! c]tification requir$ pursuant
 to section #cjd ( ! ,en]gy ,cons]vation
 & ,production ,act 7#db ,u4,s4,c4      
#fhcc74  7#c7 ,inc5tive paym5ts ,a      
p>ticipant 9 ! program %all receive     
paym5t "u ! program on completion (     
con/ruction or r5ovation ( ! applicable 
eligible build+4  7d7 ,reports ,n less  
frequ5tly ?an once ea* ye>1 ! ,secret>y 
%all submit to ,congress a report t     
conta9s-- 7#a7 an e/imate ( annual &    
cumulative r$uctions a*iev$ z a result (
 ! program-- 7,a7 det]m9$ by us+        
lifecycle assessm5t s(tw>e t is         
compliant ) ! docum5t numb]$ ,,iso      
#adjdd2 &  7,b7 express$ 9 t]ms ( !     
total numb] ( c>s remov$ f ! road2  7#b7
 a summ>y ( any *anges to ! program t w 
be made z a result ( pa/ implem5tation (
 ! program2 &  7#c7 ! total numb] (     
build+s "u c>bon inc5tives contracts z (
 ! date ( ! report4  7e7 ,analytical    
requirem5ts ,= purposes ( ?is section-- 

7#a7 any c>bon emissions pot5tial       
calculation %all-- 7,a7 be p]=m$ 9      
accordance ) /&>d lifecycle assessm5t   
practice2 &  7,b7 include removal &     
seque/ration ( c>bon dioxide f ! use (  
biobas$ products1 z well z recycl$      
cont5t mat]ials2  7#b7 a full lifecycle 
assessm5t %all be conduct$ tak+ into    
consid]ation all lifecycle /ages1       
includ+-- 7,a7 res\rce extraction &     
process+2  7,b7 product manufactur+2    
7,c7 onsite con/ruction ( assemblies2   
7,d7 transportation2  7,e7 ma9t5ance &  
replacem5t cycles ov] an assum$ eligible
 build+ s]vice life ( #fj ye>s2 &  7,f7 
demolition2  7#c7 /ructural assemblies  
%all be consid]$ to include columns1    
beams1 gird]s1 purl9s1 floor deck1 ro(1 
& /ructural envelope elem5ts2  7#d7     
prim>y mat]ials %all be consid]$ to     
include common products us$ z !         
/ructural sy/em1 su* z wood1 /eel1      
concrete1 or masonry2 &  7#e7 ! effects 
( recycl+1 reuse1 or en]gy recov]y      
beyond ! b\nd>ies ( an applicable /udy  

sy/em %all n be tak5 9 acc\nt4  7f7     
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ su* sums z   
are necess>y to c>ry out ?is section4