,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #ehcj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #c1 #bjba,mr4
 ,hoy] introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,=eign        
,affairs  ,a ,,bill  ,to e/abli% an     
int]national t]re/rial c>bon            
seque/ration program & provide          
int]national te*nical assi/ance = c>bon 
m>ket developm5t1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,am]ica ,mitigat+ & ,a*iev+             
,z]o-emissions ,orig9at+ f ,nature = !  
#ba/ ,c5tury ,act or ! ,,amazon#ba ,act4
  #b4 ,int]national ,t]re/rial ,c>bon   
,seque/ration ,program  7a7 ,9 g5]al ,! 
,secret>y ( ,/ate %all e/abli% a        
program1 to be kn[n z ! ,int]national   
,t]re/rial ,c>bon ,seque/ration         
,program1 to provide results-bas$       
paym5ts = eligible projects 9 develop+  
c\ntries t r$uce emissions & enhance    
c>bon seque/ration f =e/s & o!r         
t]re/rial & coa/al ecosy/ems4  7b7      
,goals ,9 c>ry+ out ! program e/abli%$  

pursuant to subsection 7a71 ! ,secret>y 
%all "w ) develop+ c\ntries &           
appropriate local p>tn]s 9 develop+     
c\ntries to id5tify1 develop1 & implem5t
 projects t-- 7#a7 w help ! develop+    
c\ntry meet ! emission r$uctions goals  
correspond+ to t c\ntry's nationally    
det]m9$ contribution to ! ,p>is         
,agreem5t2 &  7#b7 h ! pot5tial to avoid
 dang]\s global climate *ange by limit+ 
global w>m+ to well bel[ #b degrees     
,celsius & pursu+ ef=ts to limit x to   
#a4e degrees ,celsius 7comp>$ to        
pre-indu/rial levels74  7c7 ,eligible   
projects  7#a7 ,9 g5]al ,a project %all 
be eligible = results-bas$ paym5ts "u ! 
program e/abli%$ pursuant to subsection 
7a7 if-- 7,a7 ! project is id5tifi$ by !
 ,secret>y z a project ^: prim>y purpose
 is to-- 7i7 r$uce de=e/ation & =e/     
degradation & re/ore =e/s to support    
enhanc$ c>bon seque/ration )9 ! ho/     
c\ntry1 at ! national or subnational    
level2 or  7ii7 pres]ve1 includ+ ?r\gh  
integrat$ l&-use programs1 o!r t]re/rial

 ecosy/ems )9 ! ho/ develop+ c\ntry1 su*
 z wetl&s1 mangroves1 or grassl&s2  7,b7
 9 ! det]m9ation ( ! ,secret>y1 ! ho/   
develop+ c\ntry or local p>tn] w be able
 to fulfill its obligations "u any      
agreem5t ) respect to ! fund+ ( su*     
project ?r\gh ! program e/abli%$        
pursuant to subsection 7a71 includ+ 7z  
applicable7 ) respect to-- 7i7 ho/      
c\ntry /&>ds ( gov]nance & respect =    
rule ( law2  7ii7 environm5tal & social 
safegu>ds2 &  7iii7 pot5tial =          
corruption or misuse ( paym5ts made by !
 ,secret>y2  7,c7 ! project is          
appropriately design$ to use            
results-bas$ paym5ts2 &  7,d7 ! ho/     
develop+ c\ntry or local p>tn]1 z       
applicable1 agrees to-- 7i7 transp>5cy  
requirem5ts ) respect to ! use ( am\nts 
receiv$ "u ! program e/abli%$ pursuant  
to subsection 7a72  7ii7 measur+1       
report+1 & v]ification requirem5ts1     
includ+ ?ird-p>ty v]ification1 necess>y 
to provide results-bas$ paym5ts2  7iii7 
%>e any emissions r$uctions a*iev$ "u   

?is program1 l9k+ su* r$uctions to      
report+ requirem5ts "u ! ,p>is ,climate 
,agreem5t2 &  7iv7 ensure t wom51       
,indig5\s ,communities1 & o!r local     
/akehold]s are emp[]$ & enabl$ to       
mean+fully p>ticipate 9 ^! processes4   
7#b7 ,additional =ms ( eligibility ,a   
project may also be det]m9$ to be       
eligible "u ?is subsection if-- 7,a7 !  
project includes a comb9ation or        
aggregation ( exi/+ t]re/rial c>bon     
mitigation projects 9 ! ho/ c\ntry2 or  
7,b7 ! project is recogniz$ "u a        
national or sub-national t]re/rial c>bon
 mitigation program 9 ! ho/ c\ntry1 )\t 
reg>d to :e!r ! project is bel[ !       
sub-national level or scale4  7d7       
,grants  7#a7 ,9 g5]al ,^u det]m9+ t a  
project is an eligible project1 !       
,secret>y is au?oriz$ to ent] into      
multi-ye> agreem5ts to provide          
results-bas$ paym5ts to a ho/ develop+  
c\ntry or appropriate local p>tn]s 9 !  
ho/ develop+ c\ntry1 includ+ 9 ! =m (   
grants f ! ,int]national ,=e/ry ,c>bon  

,mitigation ,fund e/abli%$ 9 subsection 
7f71 to c>ry out su* eligible project4  
,su* agreem5ts may also include t]ms t  
lev]age fund+ f non-pr(its1 bus9esses1  
o!r develop$ c\ntries1 & multilat]al    
f9anc+ & developm5t ag5cies4  7#b7      
,reciprocal commitm5t ,! ,secret>y %all 
take su* /eps z may be necess>y to      
ensure t ! ho/ develop+ c\ntry or       
appropriate local p>tn]s 9 ! ho/        
develop+ c\ntry1 z applicable1          
reciprocates ! commitm5ts to a*iev+ !   
goals ( ! section4  7#c7 ,t]m9ation ,an 
agreem5t "u ?is subsection may be       
unilat]ally t]m9at$ by ! ,secret>y if ! 
,secret>y det]m9es t ! ho/ develop+     
c\ntry or a local p>tn] is fail+ or has 
fail$ to uphold ! t]ms & conditions     
e/abli%$ = ! project4  7#d7 ,d\ble c\nt+
 ( paym5ts ,! ,secret>y %all take su*   
/eps z may be necess>y to prev5t ! d\ble
 c\nt+ (1 or d\ble paym5t =1 emissions  
r$uction or c>bon seque/ration results4 
7e7 ,transp>5cy ,! ,secret>y %all make  
publicly available a li/ ( ea* grant    

made available to develop+ c\ntries &   
local p>tn]s "u ! program e/abli%$ by   
subsection 7a7 & %all update on an      
annual basis ! progress or any lack (   
progress 9 ! implem5tation ( !          
correspond+ eligible projects & !       
a*ievem5t ( _! goals4  7f7 ,ag5cy       
coord9ation ,9 c>ry+ out ! program "u   
?is section1 ! ,secret>y %all consult z 
appropriate ) ! heads ( o!r relevant    
,f$]al dep>tm5ts & ag5cies1 includ+--   
7#a7 ) respect to t]re/rial c>bon       
seque/ration1 ! ,secret>y (             
,agriculture1 ! ,secret>y ( ! ,int]ior1 
! ,adm9i/rator ( ! ,national ,oceanic & 
,atmosph]ic ,adm9i/ration1 ! ,*ief ,=e/]
 ( ! ,=e/ ,s]vice1 & ! ,adm9i/rator ( ! 
,environm5tal ,protection ,ag5cy2 &     
7#b7 ) respect to project monitor+1     
report+ & v]ification1 ! ,adm9i/rator ( 
! ,national ,oceanic & ,atmosph]ic      
,adm9i/ration1 ! ,adm9i/rator ( !       
,national ,a]onautics & ,space          
,adm9i/ration1 ! ,adm9i/rator ( ! ,unit$
 ,/ates ,ag5cy = ,int]national          

,developm5t1 ! ,adm9i/rator ( !         
,environm5tal ,protection ,ag5cy1 !     
,secret>y ( ,agriculture1 & ! ,*ief     
,=e/] ( ! ,=e/ ,s]vice4  7g7 ,tru/ fund 
,!re is e/abli%$ 9 ! ,treasury !        
,int]national ,t]re/rial ,c>bon         
,seque/ration ,fund1 :i* %all consi/ (--
 7#a7 am\nts appropriat$ pursuant to !  
au?orization 9 subsection 7h77#a7 to    
c>ry out ?is section2 &  7#b7 su* gifts1
 beque/s1 or devises ( prop]ty = !      
b5efit (1 or 9 connection ) c>ry+ out   
?is section z ! ,secret>y may accept 9 !
 =m ( donations by individuals or       
entities1 includ+ private entities1     
non-pr(it entities1 & mult9ational      
entities4  7h7 ,au?orization (          
appropriations  7#a7 ,au?orization ,!re 
is au?oriz$ to be appropriat$           
#i1jjj1jjj1jjj to c>ry out ?is section4 
7#b7 ,availability ,am\nts appropriat$  
to c>ry out ?is section are au?oriz$ to 
rema9 available until exp5d$ & %all be  
us$ solely = ! purposes ( ?is section4  
7#c7 ,sal>ies & exp5ses ,( ! am\nts made

 available = any fiscal ye> pursuant to 
! au?orization "u p>agraph 7#a71 n m ?an
 #aj1jjj1jjj is au?oriz$ to be made     
available = ! sal>ies & exp5ses (       
employees ( ! ,dep>tm5t ( ,/ate to c>ry 
out ?is section4  7i7 ,results-,bas$    
paym5ts def9$ ,! t]m results-bas$       
paym5ts means a me*anism = ! provision (
 ,unit$ ,/ates assi/ance 9 :i*-- 7#a7 a 
develop+ c\ntry1 or appropriate local   
p>tn]s 9 a develop+ c\ntry1 assumes     
responsibility = a*iev+ measurable      
results 9 ! r$uction ( emissions ?r\gh a
 project2  7#b7 su* measurable results  
are def9$ 9 advance ( ! obligation (    
assi/ance by ! ,unit$ ,/ates = !        
project2 &  7#c7 su* assi/ance is exp5d$
 9 ! =m ( paym5ts to su* develop+       
c\ntries or p>tn]s only ^u indep5d5t    
v]ification ( su* pre-def9$ results4    
#c4 ,int]national te*nical assi/ance =  
c>bon m>ket developm5t & p>ticipation   
7a7 ,9 g5]al ,! ,adm9i/rator ( ! ,unit$ 
,/ates ,ag5cy = ,int]national           
,developm5t1 9 consultation ) !         

,secret>y ( ,/ate1 %all conduct a       
program to provide res\rces & te*nical  
assi/ance to develop+ c\ntries to       
cons]ve1 manage1 & re/ore =e/s & o!r    
t]re/rial & coa/al c>bon s9ks1 to       
support nature-bas$ c>bon seque/ration z
 a means to address+ global climate     
*ange1 includ+ by provid+ su* res\rces &
 assi/ance ) respect to projects = !    
goals describ$ 9 section #b7;b74        
,projects "u su* program %all be direct$
 9 c\ntries meet+ ea* ( ! foll[+        
crit]ia3 7#a7 ,! c\ntry conta9s globally
 important =e/s or o!r t]re/rial or     
coa/al t]re/rial c>bon s9ks t are       
?reat5$ ) de/ruction or fragm5tation or 
:]e ! degradation ( wetl&s1 peatl&s1 or 
agricultural l& impairs developm5t &    
significantly drives gre5h\se gas       
emissions4  7#b7 ,legitimate l& own]s or
 use rights' hold]s 9 ! c\ntry are      
p]mitt$ to sell c>bon cr$its to volunt>y
 & c>bon compliance m>kets4  7#c7 ,!    
c\ntry has develop$1 or is 9 ! process (
 develop+1 compreh5sive policies to     

monitor1 report1 & v]ify ! environm5tal1
 social1 & f9ancial integrity ( any su* 
projects1 includ+1 if applicable1       
policies to ensure t ! ho/ c\ntry avoids
 d\ble-c\nt+ ! result+ r$uctions        
gre5h\se gas emissions4  7#d7 ,! c\ntry 
pres5tly conta9s l>ge res]ves (         
t]re/rial c>bon t _c be recup]at$ once  
lo/4  7b7 ,te*nical support             
prioritization ,9 conduct+ ! program    
describ$ 9 subsection 7a71 !            
,adm9i/rator %all prioritize te*nical   
support = & inve/m5t 9 ! foll[+         
activities3 7#a7 ,r$uc+ gre5h\se gas    
emissions f de=e/ation1 fragm5tation1 & 
=e/ degradation4  7#b7 ,enhanc+         
seque/ration ?r\gh c>bon s9ks by re/or+ 
natural =e/s & o!r t]re/rial & coa/al   
c>bon s9ks z well z build+ resili5ce4   
7#c7 ,monitor+1 report+1 & v]ification (
 ! environm5tal1 social1 & f9ancial     
integrity ( ! project z an important    
compon5t ( ! "w4  7#d7 ,assi/+          
gov]nm5ts1 will+1 legitimate l& own]s1 &
 will+ use rights' hold]s 9 develop+    

projects to engage 9 emissions trad+    
?r\gh-- 7,a7 c>bon cr$its sold 9 exi/+  
c>bon compliance m>kets or to volunt>y  
buy]s2 or  7,b7 projects provid+        
results-bas$ paym5ts4  7#e7 ,develop+ ! 
adm9i/rative & legal capacity & te*nical
 infra/ructure necess>y to implem5t     
c>bon-pric+ initiatives 9 recipi5t      
c\ntries t drive inve/m5t 9 nature-bas$ 
solutions to climate *ange4  7#f7       
,develop+ dome/ic infra/ructure = creat+
 & track+ c>bon cr$its1 su* z regi/ries1
 & prep>+ c\ntries to implem5t          
nature-bas$ solution initiatives4  7#g7 
,ensur+ t wom51 ,indig5\s ,communities1 
& o!r local /akehold]s are emp[]$ &     
enabl$ to mean+ful p>ticipation 9 all   
su* activities4  7c7 ,au?orization ,!re 
is au?oriz$ to be appropriat$ su* sums z
 may be necess>y to c>ry out ?is        
section4