Title: Trillion Trees Act
Policy area: Environmental Protection

Summary:
Trillion Trees Act
This bills establishes requirements and incentives to plant trees and conduct other land management practices for the purposes of capturing and storing carbon.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5859 Introduced in House (IH)]

<DOC>






116th CONGRESS
  2d Session
                                H. R. 5859

    To establish forest management, reforestation, and utilization 
practices which lead to the sequestration of greenhouse gases, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 12, 2020

 Mr. Westerman (for himself, Mr. McCarthy, Mr. Wittman, Mr. Crenshaw, 
 Mr. Barr, Mr. Stauber, Mr. Burchett, Mr. Bacon, Mr. Stivers, and Mr. 
Joyce of Ohio) introduced the following bill; which was referred to the 
Committee on Agriculture, and in addition to the Committees on Foreign 
  Affairs, Natural Resources, and Ways and Means, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
    To establish forest management, reforestation, and utilization 
practices which lead to the sequestration of greenhouse gases, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Trillion Trees 
Act''.
    (b) Table of Contents.--The table of contents for this Act are as 
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Sense of Congress.
Sec. 3. Definitions.
     TITLE I--CARBON SEQUESTRATION THROUGH REFORESTATION ACTIVITIES

Sec. 101. National wood growth targets.
Sec. 102. National reforestation task force.
Sec. 103. Timber survey update.
Sec. 104. Reforestation programs.
Sec. 105. Carbon sequestration through the healthy forest reserve 
                            program.
Sec. 106. National Forest Foundation activities.
Sec. 107. Global climate change program.
Sec. 108. International forestry cooperation.
Sec. 109. International engagement.
Sec. 110. Modifications to authorities relating to tropical forests.
   TITLE II--CARBON SEQUESTRATION THROUGH IMPROVED FOREST MANAGEMENT 
                               ACTIVITIES

Sec. 201. Carbon sequestration through land use planning; supplements 
                            to programmatic environmental impact 
                            statements.
Sec. 202. Emissions consideration of management injunctions.
Sec. 203. Storing carbon on State and private forests.
Sec. 204. Carbon sequestration through the good neighbor authority.
Sec. 205. Carbon sequestration research programs.
         TITLE III--MARKET INCENTIVES FOR CARBON SEQUESTRATION

Sec. 301. Sustainable building and residence credit.
Sec. 302. Carbon neutrality of sustainable biomass.
Sec. 303. Clarification of research and development program for 
                            cellulosic biochemical and bioplastics.

SEC. 2. SENSE OF CONGRESS.

    It is the sense of Congress that--
            (1) the Trillion Trees Initiative established by the United 
        Nations Environment Programme should be supported;
            (2) under such Trillion Trees Initiative, nations, 
        corporations, and individuals around the globe will contribute 
        to planting one trillion new trees;
            (3) one trillion new trees globally would sequester a 
        significant amount of atmospheric carbon and constitute a 
        pragmatic step towards addressing global carbon emissions; and
            (4) under this Act, the United States will--
                    (A) take a leadership role in planting one trillion 
                trees globally;
                    (B) utilize the vast natural assets, robust wood 
                product market, and technical expertise of the United 
                States to plant, manage, and utilize domestic 
                forestland; and
                    (C) incentivize the use of sustainable building 
                products to sequester carbon.

SEC. 3. DEFINITIONS.

    In this Act:
            (1) Forest plan.--The term ``forest plan'' means--
                    (A) a land use plan prepared by the Bureau of Land 
                Management for public lands pursuant to section 202 of 
                the Federal Land Policy and Management Act of 1976 (43 
                U.S.C. 1712); or
                    (B) a land and resource management plan prepared by 
                the Forest Service for a unit of the National Forest 
                System pursuant to section 6 of the Forest and 
                Rangeland Renewable Resources Planning Act of 1974 (16 
                U.S.C. 1604).
            (2) Forest management activity.--The term ``forest 
        management activity'' means a project or activity carried out 
        by the Secretary concerned on National Forest System lands or 
        public lands consistent with the forest plan covering the 
        lands.
            (3) National forest system.--The term ``National Forest 
        System'' has the meaning given that term in section 11(a) of 
        the Forest and Rangeland Renewable Resources Planning Act of 
        1974 (16 U.S.C. 1609(a)).
            (4) Naturally regenerated.--The term ``naturally 
        regenerated'' means to regenerate natural wood growth from--
                    (A) available seed sources; or
                    (B) any other environmental process that does not 
                involve planting.
            (5) Public lands.--The term ``public lands'' has the 
        meaning given that term in section 103 of the Federal Land 
        Policy and Management Act of 1976 (43 U.S.C. 1702).
            (6) Secretary.--The term ``Secretary'' means the Secretary 
        of Agriculture.
            (7) Secretary concerned.--The term ``Secretary concerned'' 
        means--
                    (A) the Secretary of Agriculture, with respect to 
                National Forest System lands; and
                    (B) the Secretary of the Interior, with respect to 
                public lands.
            (8) Secretaries.--The term ``Secretaries'' means the 
        Secretary of Agriculture and the Secretary of Interior.

     TITLE I--CARBON SEQUESTRATION THROUGH REFORESTATION ACTIVITIES

SEC. 101. NATIONAL WOOD GROWTH TARGETS.

    Not later than 2 years after the date of the enactment of this Act, 
the Secretary shall set targets for increased total domestic wood 
growth for the purposes of capturing and storing carbon. Such targets 
shall--
            (1) be based on the best available scientific information;
            (2) consider both naturally regenerated wood growth and 
        planted wood growth;
            (3) be established at levels which represent the maximum 
        feasible increase in the total wood volume private, State, and 
        Federal landowners can achieve by January 1, 2030, and every 10 
        years thereafter through January 1, 2100;
            (4) shall be informed by the report provided by the 
        National Reforestation Task Force established in section 102 of 
        this Act;
            (5) shall not negatively impact continued sustainable 
        harvest on National Forest, State, Tribal, and private 
        forestland; and
            (6) be published in the Federal Register, together with a 
        statement of the basis and justification for such targets.

SEC. 102. NATIONAL REFORESTATION TASK FORCE.

    (a) Establishment.--Within 6 months following enactment of this 
Act, the Secretary shall form a task force to assist the Secretary with 
meeting the targets required to be set under section 101.
    (b) Duties of the Task Force.--
            (1) Report.--Within 1 year following the establishment of 
        this task force, the task force shall submit to the Secretary a 
        report, which shall include--
                    (A) recommendations and alternatives for national 
                wood growth targets established under section 101;
                    (B) the feasibility of such recommendations;
                    (C) yearly growth targets required to achieve the 
                national wood growth targets established under section 
                101, taking into consideration yearly sustainable 
                increases in domestic timber harvest, natural 
                regeneration, adverse natural and anthropogenic events, 
                and other factors impacting the growth rate of all 
                domestic forestland;
                    (D) program and policy recommendations designed to 
                achieve the national wood growth targets established 
                under section 101, while still maintaining yearly 
                sustainable increases in the amount of boardfeet 
                harvested from public lands;
                    (E) program and policy recommendations designed to 
                stimulate the domestic and international timber 
                markets; and
                    (F) program and policy recommendations designed to 
                improve the natural regeneration rate of public forest 
                through active forest management.
            (2) Oversight.--Following the submission of the report 
        described in paragraph (1), the task force shall provide 
        continued oversight of the implementation of the national wood 
        growth target, and provide the Secretary with--
                    (A) yearly reports on the progress made towards 
                achieving the national wood growth targets established 
                under section 101; and
                    (B) ongoing program and policy recommendations 
                designed to achieve the national wood growth targets 
                established under section 101.
            (3) Reports to congress.--The task force shall--
                    (A) submit to Congress a copy of the report under 
                paragraph (1); and
                    (B) not later than 2 years after the report under 
                paragraph (1) is submitted to the Secretary and 
                Congress, and every 5 years thereafter, submit a report 
                to Congress on the implementation of, and progress 
                towards meeting, the targets set under section 101.
    (c) Membership.--
            (1) Appointment.--The task force shall consist of 7 ex 
        officio members and 8 discretionary members.
                    (A) Ex officio members.--The ex officio members of 
                the task force are--
                            (i) the Director of the United States Fish 
                        and Wildlife Service or an individual 
                        designated by the Director;
                            (ii) the Director of the Bureau of Land 
                        Management or an individual designated by the 
                        Director;
                            (iii) the Director of the National Park 
                        Service or an individual designated by the 
                        Director;
                            (iv) the Chief of the Forest Service or an 
                        individual designated by the Chief;
                            (v) the Chief of the Natural Resources 
                        Conservation Service or an individual 
                        designated by the Chief;
                            (vi) the Administrator of the Farm Service 
                        Agency or an individual designated by the 
                        Administrator; and
                            (vii) the Director of the Bureau of Indian 
                        Affairs or an individual designated by the 
                        Director.
                    (B) Discretionary members.--The Secretary shall 
                appoint 1 discretionary member from each of the 
                following:
                            (i) A State land management agency.
                            (ii) A private forest landowner with total 
                        land holdings of greater than 1,000,000 acres.
                            (iii) A private forest landowner with total 
                        land holdings of less than 1,000,000 acres.
                            (iv) A sawmill, pulp, or paper manufacturer 
                        which relies on the sale of federal timber for 
                        at least 25 percent of their fiber supply.
                            (v) An energy company, cooperative, or 
                        utility which provides customers with energy at 
                        least partially derived from the combustion of 
                        wood biomass.
                            (vi) A land conservation nonprofit with 
                        previous experience in collaborative forestland 
                        restoration projects greater than 100,000 
                        acres.
                            (vii) A Tribal resource management 
                        organization with previous experience managing 
                        Tribal timberland.
                            (viii) A wildlife conservation nonprofit 
                        with previous experience in collaborative 
                        forestland restoration projects greater than 
                        100,000 acres.
                            (ix) An urban resource conservation 
                        organization, with previous experience in urban 
                        and community reforestation projects.
            (2) Discretionary member terms.--Each discretionary member 
        appointed to the task force under paragraph (1)(B) may be 
        appointed and removed at the discretion of the Secretary.
            (3) Preservation of public advisory status.--No individual 
        may be appointed to the task force as a discretionary member 
        under paragraph (1)(B) while serving as an officer or employee 
        of the Federal Government.
            (4) Pay and expenses.--
                    (A) Compensation.--Members of the task force shall 
                serve without pay.
                    (B) Reimbursement.--A member of the task force may 
                be reimbursed for travel and lodging incurred while 
                attending a meeting of the task force or any other 
                meeting of members approved for reimbursement by the 
                task force in the same amounts and under the same 
                conditions as Federal employees under section 5703 of 
                title 5, United States Code.
                    (C) Expenses.--The expenses of the Task Force that 
                the Secretary determines to be reasonable and 
                appropriate shall be paid by the Secretary.
            (5) Administrative support, technical services, and staff 
        support.--The Secretary shall make personnel of the Department 
        of Agriculture available to the task force for administrative 
        support, technical services, and staff support the Secretary 
        determines necessary to carry out this section.
            (6) Federal advisory committee act.--The Federal Advisory 
        Committee Act (5 U.S.C. App.) shall not apply to the task 
        force.

SEC. 103. TIMBER SURVEY UPDATE.

    (a) Renewable Resource Assessment.--Section 3 of the Forest and 
Rangeland Renewable Resources Planning Act of 1974 (16 U.S.C. 1601) is 
amended--
            (1) in subsection (a)--
                    (A) in paragraph (5), by striking ``and'' at the 
                end;
                    (B) by striking paragraph (6) and inserting the 
                following:
            ``(6) an analysis of the total carbon storage capacity of 
        the National Forest System based upon the lifecycle analysis 
        established under section 103(b) of the Trillion Trees Act; 
        and''; and
                    (C) by adding at the end the following:
            ``(7) an analysis of the forestry opportunities to 
        sequester atmospheric carbon.''; and
            (2) in subsection (c)--
                    (A) in paragraph (2) by striking ``and'' at the 
                end;
                    (B) in paragraph (3) by striking the period at the 
                end and inserting ``; and''; and
                    (C) by adding at the end the following:
            ``(4) the potential for increased atmospheric carbon 
        storage through the utilization of forest and wood products and 
        biproducts, including recommendations to Congress for actions 
        which would lead to increased utilization of these materials in 
        sequestering more atmospheric carbon.''.
    (b) Lifecycle Analysis.--
            (1) Lifecycle storage model.--As a part of the assessment 
        established under section 3 of the Forest and Rangeland 
        Renewable Planning Act of 1974 (16 U.S.C. 1601) the Secretary 
        shall develop computational models to evaluate the lifecycle 
        forest carbon sequestration potential associated with active 
        management of the National Forest System.
            (2) Considerations.--In developing the model under 
        paragraph (1), the Secretary shall consider--
                    (A) the amount of carbon stored in wood;
                    (B) the rate of carbon storage in new wood growth;
                    (C) the rate of carbon storage in old wood growth;
                    (D) the amount of carbon released through tree 
                mortality;
                    (E) the amount of carbon released through 
                catastrophic wildfire;
                    (F) the amount of carbon stored through the 
                manufacture of sustainable wood products;
                    (G) the net carbon stored through a sustainable 
                cycle of harvest and regeneration;
                    (H) the net carbon stored through active forest 
                management; and
                    (I) other factors as determined by the Secretary.
            (3) Validation program.--
                    (A) In general.--The Secretary shall carry out a 
                program for validation and independent testing of the 
                lifecycle models developed under paragraph (1).
                    (B) Requirements.--In carrying out the validation 
                program under subparagraph (A), the Secretary shall--
                            (i) perform retrospective assessments 
                        comparing model predictions to field data on 
                        the carbon stored on the National Forest 
                        System; and
                            (ii) require independent evaluation and 
                        comparison of lifecycle models developed under 
                        paragraph (1) against existing models, and 
                        enable empirical testing of hypotheses 
                        regarding the net effects on land and 
                        atmospheric carbon stocks and other greenhouse 
                        gas impacts.
            (4) Report.--Not later than 1 year after the date of 
        enactment of this Act, the Secretary shall submit to the 
        Committee on Agriculture of the House of Representatives and 
        the Committee on Agriculture, Nutrition, and Forestry of the 
        Senate a report on the findings of the analysis conducted using 
        the model developed under paragraph (1).

SEC. 104. REFORESTATION PROGRAMS.

    (a) National Forest Cover Policy.--
            (1) In general.--Section 3 of the Forest and Rangeland 
        Renewable Resources Planning Act of 1974 (16 U.S.C. 1601), as 
        amended by section 103, is further amended--
                    (A) by redesignating subsection (e) as subsection 
                (f);
                    (B) by redesignating the second subsection (d) 
                (relating to the policy of Congress regarding forested 
                land in the National Forest System) as subsection (e); 
                and
                    (C) in subsection (e), as so redesignated--
                            (i) in paragraph (2)--
                                    (I) in the first sentence--
                                            (aa) by striking ``eight 
                                        years following the enactment 
                                        of this subsection'' and 
                                        inserting ``10 years following 
                                        the date of enactment of the 
                                        `Trillion Trees Act'''; and
                                            (bb) by striking ``eight-
                                        year period'' and inserting 
                                        ``10-year period'';
                                    (II) in the second sentence, by 
                                striking ``such eight-year period'' and 
                                inserting ``the 10-year period''; and
                                    (III) in the third sentence, by 
                                striking ``1978'' and inserting 
                                ``2021'';
                            (ii) by redesignating paragraph (3) as 
                        paragraph (4);
                            (iii) in the first sentence of paragraph 
                        (4), as so redesignated, by striking 
                        ``subsection (d)'' and inserting 
                        ``subsection''; and
                            (iv) by inserting after paragraph (2) the 
                        following:
            ``(3) Reforestation prioritization.--
                    ``(A) Reforestation priority.--
                            ``(i) In general.--In carrying out this 
                        subsection, the Secretary shall give priority 
                        to projects on the priority list described in 
                        clause (ii)(I).
                            ``(ii) Priority list.--
                                    ``(I) In general.--The Chief of the 
                                Forest Service shall, based on 
                                recommendations from regional 
                                foresters, create a priority list of 
                                projects that--
                                            ``(aa) primarily take place 
                                        on priority land; and
                                            ``(bb) promote 
                                        reforestation following 
                                        unplanned adverse events on 
                                        priority land.
                                    ``(II) Ranking.--The Chief of the 
                                Forest Service shall rank projects on 
                                the priority list under subclause (I) 
                                based on--
                                            ``(aa) the ability to 
                                        measure the progress and 
                                        success of the project; and
                                            ``(bb) the ability of a 
                                        project to provide benefits 
                                        relating to forest function and 
                                        health, soil health and 
                                        productivity, wildlife habitat, 
                                        improved air and water quality, 
                                        carbon sequestration potential, 
                                        job creation, enhanced 
                                        recreation, and forest wood 
                                        products.
                    ``(B) Definitions.--In this paragraph:
                            ``(i) Priority land.--The term `priority 
                        land' means National Forest System land that, 
                        due to an unplanned natural or anthropogenic 
                        adverse event (including a wildfire, ice, 
                        blowdown, insect infestation, disease, volcanic 
                        activity, or seismic event) is--
                                    ``(I) understocked; or
                                    ``(II) significantly impacted by 
                                insect infestation or disease.
                            ``(ii) Understocked.--The term 
                        `understocked' means, with respect to forest 
                        land that has a forest canopy cover gap--
                                    ``(I) of not less than 50 acres; or
                                    ``(II) that is ecologically 
                                detrimental to the forest, as 
                                determined by the Regional Forester, 
                                taking into account factors such as the 
                                need to protect critical water supplies 
                                from erosion, specific wildlife habitat 
                                restoration, and a history of natural 
                                or anthropogenic events.''.
            (2) Conforming amendments.--
                    (A) Cooperative forestry assistance act of 1978.--
                Section 9 of the Cooperative Forestry Assistance Act of 
                1978 (16 U.S.C. 2105) is amended in the matter 
                following paragraph (5) of subsection (g)--
                            (i) by striking ``section 3(d)'' and 
                        inserting ``subsection (e) of section 3''; and
                            (ii) by striking ``1601(d)'' and inserting 
                        ``1601''.
                    (B) Reforestation trust fund.--Section 303 of the 
                Act of October 14, 1980 (Public Law 96-451; 16 U.S.C. 
                1606a) is amended--
                            (i) in subsection (b)(2), by striking 
                        ``$30,000,000'' and inserting ``$60,000,000''; 
                        and
                            (ii) in subsection (d)(1)--
                                    (I) by striking ``section 3(d)'' 
                                and inserting ``subsection (e) of 
                                section 3''; and
                                    (II) by striking ``1601(d)'' and 
                                inserting ``1601''.
                    (C) Stewardship end result contracting projects.--
                Section 604(c) of the Healthy Forests Restoration Act 
                of 2003 (16 U.S.C. 6591c(c)) is amended by adding at 
                the end the following:
            ``(8) With respect to projects under subsection (b) entered 
        into only by the Chief, reforestation in accordance with the 
        priorities specified in subsection (e)(3)(A)(ii) of section 3 
        of the Forest and Rangeland Renewable Resources Planning Act of 
        1974 (16 U.S.C. 1601).''.
            (3) Good neighbor authority.--Section 8206 of the 
        Agricultural Act of 2014 (16 U.S.C. 2113a) is amended--
                    (A) in subsection (a)(4)(A)--
                            (i) in clause (ii), by striking ``and'' at 
                        the end;
                            (ii) by redesignating clause (iii) as 
                        clause (iv); and
                            (iii) by inserting after clause (ii) the 
                        following:
                            ``(iii) with respect to National Forest 
                        System land, reforestation activities; and''; 
                        and
                    (B) in subsection (b)--
                            (i) in paragraph (1), by adding at the end 
                        the following:
                    ``(C) Reforestation priority.--With respect to 
                forest, rangeland, and watershed restoration services 
                described in subsection (a)(4)(A)(iii), the Secretary 
                may enter into good neighbor agreements under this 
                section in accordance with the priorities specified in 
                subsection (e)(3)(A)(ii) of section 3 of the Forest and 
                Rangeland Renewable Resources Planning Act of 1974 (16 
                U.S.C.1601).''; and
                            (ii) in paragraph (2)(C)(i), in the matter 
                        preceding subclause (I), by striking ``of a 
                        State''.
    (b) Target Year for National Forest System.--Section 9 of the 
Forest and Rangeland Renewable Resources Planning Act of 1974 (16 
U.S.C. 1607) is amended by striking ``2000'' and inserting ``2029''.

SEC. 105. CARBON SEQUESTRATION THROUGH THE HEALTHY FOREST RESERVE 
              PROGRAM.

    (a) Establishment.--Section 501(a) of the Healthy Forests 
Restoration Act of 2003 (16 U.S.C. 6571(a)) is amended--
            (1) in paragraph (3), by striking ``and'' at the end;
            (2) in paragraph (4), by striking the period at the end and 
        inserting ``; and''; and
            (3) by adding at the end the following:
            ``(5) to promote planting, management, and regeneration of 
        new trees in pursuit of the targets for increased total 
        domestic wood growth established under section 101 of the 
        Trillion Trees Act.''.
    (b) Enrollment Priority.--Section 502(f)(1) of the Healthy Forests 
Restoration Act of 2003 (16 U.S.C. 6572) is amended to read as follows:
            ``(1) In general.--The Secretary of Agriculture shall give 
        priority to the enrollment of land that--
                    ``(A) provides the greatest conservation benefit 
                to--
                            ``(i) primarily, species listed as 
                        endangered or threatened under section 4 of the 
                        Endangered Species Act of 1973 (16 U.S.C. 
                        1533); and
                            ``(ii) secondarily, species that--
                                    ``(I) are not listed as endangered 
                                or threatened under section 4 of the 
                                Endangered Species Act of 1973 (16 
                                U.S.C. 1533); but
                                    ``(II)(aa) are candidates for such 
                                listing, State-listed species, or 
                                special concern species; or
                                    ``(bb) are deemed a species of 
                                greatest conservation need under a 
                                State wildlife action plan; or
                    ``(B) promotes the restoration of marginal farmland 
                or degraded forestland into healthy forest 
                ecosystems.''.
    (c) Restoration Plans.--Paragraph (4) of section 503(b) of the 
Healthy Forests Restoration Act of 2003 (16 U.S.C. 6573(b)) is amended 
to read as follows:
            ``(4) Practices to increase carbon sequestration, including 
        reforestation of degraded forestland and afforestation of 
        marginal farmland.''.
    (d) Cost Sharing.--Section 504 of the Healthy Forests Restoration 
Act of 2003 (16 U.S.C. 6574) is amended by adding at the end the 
following:
    ``(e) Cost-Share Permitted.--In the case of land enrolled in the 
healthy forest reserve program for the purpose of promoting the 
restoration of marginal farmland or degraded forestland into healthy 
forest ecosystems, the Secretary of Agriculture may pay up to 75 
percent for the cost of practices determined necessary for restoration 
or afforestation of such land.''.

SEC. 106. NATIONAL FOREST FOUNDATION ACTIVITIES.

    (a) Adding Carbon Storage to the National Forest Foundation.--The 
National Forest Foundation Act (16 U.S.C. 583j et seq.) is amended--
            (1) in section 402(b)--
                    (A) in paragraph (2), by striking ``and'' at the 
                end;
                    (B) in paragraph (3), by striking the period at the 
                end and inserting a semicolon; and
                    (C) by adding at the end the following:
            ``(4) encourage, accept, and administer private gifts of 
        money, and of real and personal property for the benefit of, or 
        in connection with, the of the targets for increased total 
        domestic wood growth established under section 101 of the 
        `Trillion Trees Act'; and
            ``(5) carry out the Pinchot Medal for forest restoration 
        under section 410.'';
            (2) in section 405, by striking ``410'' both places it 
        appears and inserting ``411'';
            (3) by redesignating section 410 as section 411; and
            (4) by inserting after section 409 the following:

``SEC. 410. PINCHOT MEDAL FOR FOREST RESTORATION.

    ``(a) Establishment.--The Foundation shall, in consultation with 
the Secretary of Agriculture, establish an award to be known as the 
`Pinchot Medal for Forest Restoration' to recognize outstanding 
contributions in domestic reforestation activities carried out by 
individuals, communities, nonprofit organizations, and corporations.
    ``(b) Number of Awards.--The Foundation shall award the Pinchot 
Medal for Forest Restoration at least once a year.
    ``(c) Levels of Awards.--The Foundation shall, in consultation with 
Secretary of Agriculture, establish multiple levels of awards 
reflecting various levels of contributions outlined in subsection (e).
    ``(d) Administration of Award.--The Foundation shall administer the 
award, including developing a website and media presence to highlight 
recipients and to track their contribution towards the targets for 
increased total domestic wood growth established under section 101 of 
the Trillion Trees Act.
    ``(e) Considerations.--In awarding the Pinchot Medal for Forest 
Restoration to an entity under this section, the Foundation shall 
consider--
            ``(1) the number of acres planted or restored by such 
        entity;
            ``(2) the amount of carbon stored by reforestation 
        activities of such entity;
            ``(3) the educational impact of the reforestation 
        activities of such entity; and
            ``(4) the total value of any donations by such entity to 
        the Foundation.''.
    (b) Fifth Grade Forestry Challenge.--
            (1) Establishment.--The National Forest Foundation (in this 
        subsection referred to as ``the Foundation'') shall establish 
        an educational grant program, in consultation with the 
        Secretary, to be known as the ``5th Grade Forestry Challenge'' 
        to make grants to eligible recipients to--
                    (A) provide 5th grade students with a seedling to 
                plant on Federal, State, or Local lands;
                    (B) educate students about forestry, forest 
                management, active stewardship, and carbon storage; and
                    (C) encourage, accept, and administer private gifts 
                of money, technical expertise, and of real and personal 
                property for the benefit of this program.
            (2) Eligible recipients.--The following entities are 
        eligible to receive a grant under this subsection:
                    (A) A local educational agency.
                    (B) A nonprofit entity that the Secretary 
                determines has a demonstrated history of community 
                engagement and education on natural resource issues.
                    (C) Other recipients as the Secretary determines to 
                be appropriate.
            (3) Coordination.--In carrying out the program required by 
        this subsection, the Foundation may coordinate on an ongoing 
        basis with appropriate Federal, State, Tribal, and local 
        resource management departments, local education agencies, 
        private citizens, and corporations to--
                    (A) identify lands suitable for reforestation;
                    (B) encourage, accept, and administer private gifts 
                of money, technical expertise, and of real and personal 
                property for the benefit of this program;
                    (C) manage and maintain reforested lands; and
                    (D) further educate students and the public about 
                forestry and forest carbon storage.
            (4) Report required.--Not later than 2 years after the date 
        on which the Foundation establishes the grant program under 
        this subsection, the Secretary shall submit to the Committee on 
        Natural Resources of the House of Representatives and the 
        Committee on Energy and Natural Resources of the Senate a 
        report on the determination of the Secretary as to whether the 
        grant program is a financially effective means to educate 
        students in the fields described in subparagraph (1)(B).
            (5) Definition of local educational agency.--In this 
        subsection, the term ``local educational agency'' has the 
        meaning given that term in section 8101 of the Elementary and 
        Secondary Education Act of 1965 (20 U.S.C. 7801).

SEC. 107. GLOBAL CLIMATE CHANGE PROGRAM.

    (a) Forestry Included.--Section 2402(c)(2) of the Global Climate 
Change Prevention Act of 1990 (7 U.S.C. 6701(c)(2)) is amended by 
inserting ``and forestry'' after ``agriculture''.
    (b) Study of Global Climate Change, Agriculture, and Forestry.--
Section 2403(b) of the Global Climate Change Prevention Act of 1990 (7 
U.S.C. 6702(b)) is amended--
            (1) in paragraph (2), by striking ``and'' at the end;
            (2) in paragraph (3), by striking the period at the end and 
        inserting ``; and''; and
            (3) by adding at the end the following:
            ``(4) identify and address programs which could lead to 
        increased carbon storage through sustainable forest 
        products.''.
    (c) Office of International Forestry.--Section 2405 of the Global 
Climate Change Prevention Act of 1990 (7 U.S.C. 6704) is amended--
            (1) in subsection (c)--
                    (A) in paragraph (2), by striking the ``and'' at 
                the end;
                    (B) in paragraph (3), by striking the period at the 
                end and inserting ``; and''; and
                    (C) by adding at the end the following:
            ``(4) identify and implement programs which lead to 
        increased carbon storage globally, a healthy international 
        forest ecology, and a globally sustainable wood products 
        market.''.
    (d) Authorization of Appropriations.--Section 2412 of the Global 
Climate Change Prevention Act of 1990 (7 U.S.C. 6710) is amended by 
striking ``1991 through 1997'' and inserting ``2020 through 2025''.

SEC. 108. INTERNATIONAL FORESTRY COOPERATION.

    Section 602(b)(1) of the International Forestry Cooperation Act of 
1990 (16 U.S.C. 4501(b)(1)) is amended--
            (1) in subparagraph (G), by striking ``and'' at the end;
            (2) in subparagraph (H), by inserting ``and'' at the end; 
        and
            (3) by adding at the end the following:
                    ``(I) carbon storage activities, including 
                reforestation and afforestation programs;''.

SEC. 109. INTERNATIONAL ENGAGEMENT.

    (a) In General.--To the maximum extent practicable, the 
Administrator of the United States Agency for International Development 
shall prioritize programs to support forestation and reforestation, and 
to prevent deforestation, in developing countries and in regions that 
have experienced significant levels of deforestation or whose 
biodiversity, local economy, and stability would be significantly 
impacted by deforestation or loss of forest canopy cover around the 
world.
    (b) Coordination.--In carrying out the programs authorized by this 
subsection, the Administrator shall, to the maximum extent practicable, 
make use of public-private partnerships to facilitate engagement by 
nonprofit organizations and industry partners.
    (c) Establishment.--The Administrator may enter into an agreement 
with a non-profit organization to establish an ``International Forest 
Foundation'', which shall not be an agency or instrumentality of the 
United States Government.
    (d) Purposes.--The purposes of the Foundation shall be--
            (1) to encourage, accept, and administer private gifts of 
        money and of real and personal property for the benefit of, or 
        in connection with, the activities and services carried out by 
        the United States Agency for International Development to 
        promote forestation, reforestation, and the prevention of 
        deforestation around the world;
            (2) use private funds to support, undertake, and conduct 
        activities that further the goals established in section 101 of 
        this Act; and
            (3) undertake, conduct, and encourage educational, 
        technical, and other assistance, and other activities, that 
        support international goals to increase global carbon 
        sequestration through the promotion of healthy forests and 
        responsible forest management.
    (e) Transfer of Funds; Liability.--
            (1) Transfer of funds.--The Administrator may authorize, 
        pursuant to an agreement entered into in accordance with 
        paragraph (3), the transfer of funds of the United States 
        Agency for International Development to a nonprofit 
        organization for the purpose of offsetting any administrative 
        costs of the Foundation.
            (2) Liability.--The United States shall not be liable for 
        any debts, defaults, acts, or omissions of the Foundation. The 
        full faith and credit of the United States shall not extend to 
        any obligations of the Foundation.

SEC. 110. MODIFICATIONS TO AUTHORITIES RELATING TO TROPICAL FORESTS.

    Section 118 of the Foreign Assistance Act of 1961 (22 U.S.C. 2151p-
1) is amended as follows:
            (1) In subsection (a)(2), by inserting ``, including by 
        reducing global carbon sequestration'' before the period at the 
        end.
            (2) In subsection (c)(1), by inserting ``, reforestation,'' 
        after ``conservation''.
            (3) In subsection (c)(2)(A), by inserting ``and impact on 
        global carbon emissions'' after ``irreversible losses''.
            (4) In subsection (c)(6), by inserting ``(including 
        projects to increase carbon sequestration)'' after 
        ``sustainable forestry projects and practices''.
            (5) In subsection (c)(8), by inserting ``carbon 
        sequestration,'' after ``soil conservation,''.
            (6) In subsection (f), by inserting ``and a study on the 
        total carbon sequestered through increases in tropical forest 
        stocks globally as a result of programs, projects and 
        activities carried out under this section'' before the period 
        at the end.

   TITLE II--CARBON SEQUESTRATION THROUGH IMPROVED FOREST MANAGEMENT 
                               ACTIVITIES

SEC. 201. CARBON SEQUESTRATION THROUGH LAND USE PLANNING; SUPPLEMENTS 
              TO PROGRAMMATIC ENVIRONMENTAL IMPACT STATEMENTS.

    (a) Definitions.--
            (1) Covered land.--The term ``covered land'' means public 
        lands that are not excluded from forest management practices as 
        a result of----
                    (A) public lands administered by the Secretary 
                concerned;
                    (B) a land use plan established under the Federal 
                Land Policy and Management Act of 1976 (43 U.S.C. 1701 
                et seq.);
                    (C) inclusion in the National Wilderness 
                Preservation System;
                    (D) inclusion within a National or State-specific 
                inventoried roadless area established by the Secretary 
                concerned, unless--
                            (i) the forestry management activity to be 
                        carried out is consistent with the forest plan 
                        applicable to the area; or
                            (ii) the Secretary concerned determines the 
                        forest management activity is allowed under the 
                        roadless rule governing such lands; or
                    (E) on which timber harvesting for any purposing is 
                prohibited by Federal statute.
            (2) Wildland-urban interface protection projects.--The term 
        ``Wildland-Urban Interface Protection Projects'' means any 
        forest or rangeland management project which takes place within 
        the boundaries, or adjacent to, an at-risk community (as 
        defined in section 101 of the Healthy Forest Restoration Act 
        (16 U.S.C. 6511)).
            (3) Watershed protection projects.--The term ``watershed 
        protection project'' means any forest or rangeland management 
        project with the primary objective of--
                    (A) protecting a municipal water source;
                    (B) increasing water quality;
                    (C) increasing water yield; or
                    (D) any combination of the purposes specified in 
                subparagraphs (A) through (C).
            (4) Critical infrastructure projects.--The term ``critical 
        infrastructure projects'' means any forest or rangeland 
        management project with the primary objective of--
                    (A) reducing wildfire ignition along transportation 
                and transmission corridors;
                    (B) protecting public infrastructure from wildfire;
                    (C) removing hazard trees and other hazardous fuel 
                from transmission corridors; or
                    (D) any combination of the purposes specified in 
                subparagraphs (A) through (C).
            (5) Wildlife habitat restoration projects.--The term 
        ``wildlife habitat restoration project'' means any forest or 
        rangeland management project with the primary objective of--
                    (A) wildlife habitat improvement;
                    (B) protecting, improving, and enhancing management 
                with respect to critical habitat as defined under 
                section 4 of the Endangered Species Act of 1973 (16 
                U.S.C. 1533); or
                    (C) any combination of the purposes specified in 
                subparagraphs (A) and (B).
    (b) Priority Areas.--
            (1) In general.--The Secretaries shall establish priority 
        areas on covered lands for wildland-urban interface protection, 
        watershed protection, critical infrastructure, and wildlife 
        habitat restoration projects.
            (2) Deadline.--
                    (A) Wildland-urban interface protection projects.--
                For wildland-urban interface protection projects, the 
                Secretaries shall establish priority areas as soon as 
                practical, but not later than 36 months after the date 
                of the enactment of this section.
                    (B) Watershed protection projects.--For watershed 
                protection projects, the Secretaries shall establish 
                priority areas as soon as practical, but not later than 
                60 months after the date of the enactment of this 
                section.
                    (C) Critical infrastructure projects.--For critical 
                infrastructure projects, including transportation and 
                transmission corridors, the Secretaries shall establish 
                priority areas as soon as practical, but not later than 
                60 months after the date of the enactment of this 
                section.
                    (D) Wildlife habitat restoration projects.--For 
                Wildlife Habitat Restoration Projects, the Secretaries 
                shall establish priority areas as soon as practical, 
                but not later than 60 months after the date of the 
                enactment of this section.
            (3) Prioritization.--For all projects listed under 
        paragraph (2), the Secretaries shall prioritize projects 
        which--
                    (A) apply to land classified as high or extreme 
                risk of wildfire;
                    (B) are in close proximity to critical 
                infrastructure, watersheds, reservoirs, and aquifers; 
                and
                    (C) will--
                            (i) increase storage capacity of carbon 
                        through new wood growth; or
                            (ii) reduce carbon emissions that result 
                        from tree mortality or wildfires.
            (4) Review and modification.--Not less frequently than once 
        every 5 years, the Secretary concerned shall--
                    (A) review the current priority areas and reassess 
                priorities based on shifting fire risk, increased 
                development in the Wildland-Urban Interface, and 
                project success; and
                    (B) based on such review, add, modify, or eliminate 
                priority areas.
            (5) Compliance with the national environmental policy 
        act.--For purposes of the National Environmental Policy Act of 
        1969 (42 U.S.C. 4321 et seq.), the designation of each priority 
        area described in paragraph (2) shall not be considered a 
        separate major Federal action.
            (6) Coordination and consultation.--The Secretary concerned 
        shall coordinate and consult with appropriate State, Tribal, 
        and local governments, electrical transmission infrastructure 
        owners and operators, developers, and other appropriate 
        entities to ensure that priority areas identified by the 
        Secretary are--
                    (A) economically viable;
                    (B) likely to avoid or minimize conflict with 
                habitat for animals and plants, recreational users, 
                cultural resources, and other uses of covered land; and
                    (C) consistent with section 202 of the Federal Land 
                Policy and Management Act of 1976 (43 U.S.C. 1712).
            (7) Environmental review on covered land.--
                    (A) In general.--If the Secretary determines that a 
                proposed forest or rangeland management project has 
                been sufficiently analyzed by a previously completed 
                environmental impact statement, the Secretary shall not 
                require any additional review under the National 
                Environmental Policy Act of 1969 (42 U.S.C. 4321 et 
                seq.).
                    (B) Additional environmental review.--If the 
                Secretary determines that additional environmental 
                review under the National Environmental Policy Act of 
                1969 (42 U.S.C. 4321 et seq.) is necessary for a forest 
                or rangeland management project, the Secretary 
                concerned shall rely on the analysis in any relevant 
                environmental impact statement conducted when analyzing 
                the potential impacts of the project.
            (8) Report to congress.--
                    (A) In general.--Not later than February 1 of the 
                first fiscal year beginning after the date of the 
                enactment of this section, and each February 1 
                thereafter, the Secretary shall submit to the Committee 
                on Energy and Natural Resources of the Senate and the 
                Committee on Natural Resources of the House of 
                Representatives a report describing the progress made 
                under the programs established under this section 
                during the preceding year.
                    (B) Inclusions.--Each report under this section 
                shall include--
                            (i) stored carbon projections for forest or 
                        rangeland management projects; and
                            (ii) a description of any problems relating 
                        to leasing, permitting, siting, or production 
                        with respect to carrying out this section.

SEC. 202. EMISSIONS CONSIDERATION OF MANAGEMENT INJUNCTIONS.

    (a) Balancing Short- and Long-Term Effects of Forest Management 
Activities in Considering Injunctive Relief.--In considering any motion 
for equitable relief (including injunctive relief) applicable to a 
Federal agency action taken as part of a forest management activity, a 
court shall consider the effect on the ecosystem affected by the forest 
management activity of--
            (1) the short-term and long-term effects if the agency 
        action is carried out, including the potential decreased carbon 
        storage through stand stagnation; and
            (2) the short-term and long-term effects of not carrying 
        out the action, including the potential for increased carbon 
        emission due to wildfire.
    (b) Lifecycle Analysis.--The court reviewing the agency action 
shall consider the lifecycle analysis of carbon storage developed by 
the Secretary under section 103(b).
    (c) Time Limitations for Injunctive Relief.--
            (1) In general.--Subject to paragraph (2), the length of 
        any preliminary injunctive relief or stay pending appeal 
        applicable to any Federal agency action as part of a forest 
        management activity, may not exceed 60 days.
            (2) Renewal.--
                    (A) In general.--A court may issue one or more 
                renewals of any preliminary injunction or stay pending 
                appeal granted under subsection (a).
                    (B) Updates.--In each motion for renewal of an 
                injunction in an action, the parties to the action 
                shall present the court with updated information on the 
                status of the authorized forest management activity.

SEC. 203. STORING CARBON ON STATE AND PRIVATE FORESTS.

    (a) Adding Sequestration as a Priority.--Section 2(b) of the 
Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 2101) is 
amended--
            (1) by redesignating subparagraphs (6) through (10) as 
        subparagraphs (7) through (11), respectively; and
            (2) by inserting after paragraph (5) the following:
            ``(6) the encouragement of reforestation and related carbon 
        sequestration;''.
    (b) Support for State Assessments and Strategies for Forest 
Resources When Considering Carbon Emissions.--Section 2A(a)(1) of the 
Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 2101a(a)(1)) is 
amended--
            (1) by redesignating subparagraph (C) and (D) as 
        subparagraphs (D) and (E), respectively; and
            (2) by inserting after subparagraph (B) the following:
                    ``(C) the current amount of carbon stored on State 
                lands and opportunities for increased storage;''.
    (c) Carbon Storage Through the Forest Stewardship Program.--Section 
5(d)(1) of the Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 
2103a(d)) is amended by inserting ``carbon sequestration and storage'' 
before ``and the aesthetic''.
    (d) Carbon Storage Through the Forest Legacy Program.--Section 7 of 
the Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 2103c) is 
amended by striking subsection (e) and inserting the following:
    ``(e) Eligibility.--Not later than November 28, 1991, and in 
consultation with State Forest Stewardship Coordinating Committees 
established under section 19(b) and similar regional organizations, the 
Secretary shall establish eligibility criteria for the designation of 
forest areas from which lands may be entered into the Forest Legacy 
Program and subsequently select such appropriate areas. To be eligible, 
such areas shall have significant environmental values or amount of 
carbon stored or shall be threatened by present or future conversion to 
nonforest uses. Of land proposed to be included in the Forest Legacy 
Program, the Secretary shall give priority to lands which can be 
effectively protected and managed; areas which can be managed as a 
working landscape benefitting the local economy; or areas which have 
important scenic or recreational values; riparian areas; fish and 
wildlife values, including threatened and endangered species; or other 
ecological values.''.
    (e) Carbon Storage Through the Community Forest and Open Space 
Conservation Program.--Section 7A(c)(1)(B)(ii) of the Cooperative 
Forestry Assistance Act of 1978 (16 U.S.C. 2103d(c)(1)(B)(ii)) is 
amended by inserting ``, carbon sequestration,'' before ``and 
wildlife''.
    (f) Carbon Storage Through the Promotion of Forest Health.--Section 
8(a) of the Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 
2104(a)) is amended--
            (1) by redesignating paragraphs (4) through (6) as 
        paragraphs (5) through (7); and
            (2) by inserting after paragraph (3) the following:
            ``(4) protect or enhance carbon stored on healthy 
        forestland;''.
    (g) Carbon Storage Through Urban and Community Forestry.--Section 
9(d)(3) of the Cooperative Forestry Assistance Act of 1978 (16 U.S.C. 
2105(d)(3)) is amended--
            (1) in subparagraph (C), by striking ``and'' at the end;
            (2) in subparagraph (D), by inserting ``and'' at the end; 
        and
            (3) by inserting at the end the following:
                    ``(E) identifying opportunities to increase carbon 
                stored through afforestation and scientific urban 
                forestry management;''.
    (h) Carbon Storage Through the Reduction of Catastrophic 
Wildfire.--Section 10A(b)(1) of the Cooperative Forestry Assistance Act 
of 1978 (16 U.S.C. 2106c(b)(1)) is amended--
            (1) in subparagraph (C), by striking ``and'' at the end;
            (2) in subparagraph (D), by striking the period and 
        inserting ``and'' at the end; and
            (3) by inserting at the end the following:
                    ``(E) to educate the public about the carbon stored 
                in healthy forests and carbon emitted through wildfire 
                and forest decline.''.
    (i) Carbon Storage Through the State and Private Forest Landscape-
Scale Restoration.--Section 13A of the Cooperative Forestry Assistance 
Act of 1978 (16 U.S.C. 2109a) is amended--
            (1) in subsection (e)--
                    (A) in paragraph (6), by striking ``and'' at the 
                end;
                    (B) by redesignating paragraph (7) as paragraph 
                (8); and
                    (C) by inserting after paragraph (6) the following:
            ``(7) to improve the carbon storage potential of such 
        forests; and''; and
            (2) in subsection (l), by amending paragraph (3) to read as 
        follows:
            ``(3) Authorization of appropriations.--There is authorized 
        to be appropriated to the Fund $25,000,000 for each fiscal year 
        beginning with the first full fiscal year after the date of the 
        enactment of the Trillion Trees Act through fiscal year 2025, 
        to remain available until expended.''.

SEC. 204. CARBON SEQUESTRATION THROUGH THE GOOD NEIGHBOR AUTHORITY.

    Section 8206 of the Agricultural Act of 2014 (16 U.S.C. 2113a) is 
amended--
            (1) in subsection (a)(4)(A)--
                    (A) in clause (ii), by striking ``and'' at the end;
                    (B) by redesignating clause (iii) as clause (iv); 
                and
                    (C) by inserting after clause (ii) the following:
                            ``(iii) activities to increase stored 
                        carbon; and''; and
            (2) in subsection (b)(2), by amending subparagraph (C) to 
        read as follows:
                    ``(C) Treatment of revenue.--Funds received from 
                the sale of timber by a Governor of a State under a 
                good neighbor agreement shall be retained and used by 
                the Governor to carry out authorized restoration 
                services on Federal land under the good neighbor 
                agreement.''.

SEC. 205. CARBON SEQUESTRATION RESEARCH PROGRAMS.

    Section 3 of the Forest and Rangeland Renewable Resources Research 
Act of 1978 (16 U.S.C. 1642) is amended--
            (1) in subsection (a), by adding at the end the following:
            ``(6) Renewable resource assessment research shall include, 
        as appropriate, research activities related to the 
        sequestration of carbon, including the increased carbon storage 
        through afforestation, reforestation, forest and rangeland 
        management, and the utilization of wood and other materials 
        derived from forest and rangeland renewable resources to store 
        carbon in building materials, industrial and consumer 
        products.''; and
            (2) in subsection (d)(2), by adding at the end the 
        following:
                    ``(F) Carbon sequestration.''.

         TITLE III--MARKET INCENTIVES FOR CARBON SEQUESTRATION

SEC. 301. SUSTAINABLE BUILDING AND RESIDENCE CREDIT.

    (a) In General.--Subpart B of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by adding at the end 
the following new section:

``SEC. 30E. SUSTAINABLE BUILDING AND RESIDENCE CREDIT.

    ``(a) In General.--There shall be allowed as a credit against the 
tax imposed by this chapter for the taxable year an amount equal to the 
sustainabililty percentage of the taxpayer's purchase price of a 
qualifying building or residence.
    ``(b) Applicable Percentage.--For purposes of this section--
            ``(1) In general.--The sustainability percentage with 
        respect to any building or residence shall be a percentage 
        equal to the lesser of--
                    ``(A) the percentage by which the sustainability 
                score for such building or residence exceeds the 
                average sustainability score for the class to which 
                such building or residence belongs, or
                    ``(B) 25 percent.
            ``(2) Sustainability scoring.--
                    ``(A) In general.--Not later than 1 year after the 
                date of the enactment of this section, the Secretary 
                (in consultation with the Secretary of Energy) shall 
                establish--
                            ``(i) a certification process for 
                        determining a sustainability score with respect 
                        to any building for purposes of the credit 
                        allowed under this section, and
                            ``(ii) an average sustainability score for 
                        different classes of buildings for purposes of 
                        the comparison under subsection (b)(1)(A).
                    ``(B) Factors for score.--Such score shall at least 
                take into account the following factors:
                            ``(i) The energy required to produce and 
                        deliver materials used in construction of the 
                        building, measured by the estimated tonnage of 
                        carbon emitted.
                            ``(ii) The energy required to operate the 
                        building on a yearly basis, measured by an 
                        estimate the tonnage of carbon dioxide emitted.
                            ``(iii) The amount of carbon dioxide 
                        retained by the building which could otherwise 
                        be released into the atmosphere, taking into 
                        account building construction materials and 
                        processes and continuing use or disposal of 
                        carbon dioxide in connection with the use of 
                        the building.
                            ``(iv) The climate in which the building is 
                        located.
                    ``(C) Average sustainability.--The classes for 
                which average sustainability scores are determined 
                shall at least take into account the following 
                distinguishing characteristics:
                            ``(i) Residential and commercial buildings.
                            ``(ii) Multi-family and single-family 
                        residential.
                            ``(iii) The size, volume, and intended use 
                        of the building.
                    ``(D) Updates.--The Secretary (in consultation with 
                the Secretary of Energy) shall update the 
                sustainability scoring and the sustainability score 
                averages established under subparagraph (A) not less 
                frequently than once every 5 calendar years.
                    ``(E) Advisory board.--The Secretary shall 
                establish a volunteer board that advises the Secretary 
                on the sustainability score development and updates. 
                Such board shall be appointed at the discretion of the 
                Secretary and shall include experts in relevant fields, 
                including energy, construction, transportation, 
                agriculture, and labor.
    ``(c) Other Definitions and Special Rules.--
            ``(1) Purchase price.--The term `purchase price' means so 
        much of the adjusted basis of the property as is not 
        attributable to land.
            ``(2) Qualifying building.--The term `qualifying building 
        or residence' means, with respect to a taxpayer--
                    ``(A) any dwelling unit first used as a residence 
                by the taxpayer, or
                    ``(B) any other building or structure of a 
                character subject to the allowance for depreciation and 
                first placed in service by the taxpayer.
            ``(3) Construction.--Any qualifying building or residence 
        constructed by the taxpayer shall be treated as purchased by 
        the taxpayer on the date the taxpayer first occupies the 
        residence, or places such building in service, as the case may 
        be.
            ``(4) Transfer of credit.--
                    ``(A) In general.--If a taxpayer elects the 
                application of this paragraph for any taxable year, the 
                amount of credit determined under this section for such 
                year which would (but for this paragraph) be allowable 
                to the taxpayer shall be allowable to the person 
                designated by the taxpayer. The person so designated 
                shall be treated as the taxpayer for purposes of this 
                title.
                    ``(B) Treatment of amounts paid for assignment.--If 
                any amount is paid to the person who assigns the credit 
                determined under this section, then no portion of such 
                amount shall be includible in such person's gross 
                income.
            ``(5) Basis adjustment.--For purposes of this subtitle, if 
        a credit is allowed under this section with respect to any 
        qualified building or residence, the basis of such building or 
        residence shall be reduced by the amount of the credit so 
        allowed.
            ``(6) Application without credits.--
                    ``(A) Business credit treated as part of general 
                business credit.--So much of the credit which would be 
                allowed under subsection (a) for any taxable year 
                (determined without regard to this paragraph) that is 
                attributable to property of a character subject to an 
                allowance for depreciation shall be treated as a credit 
                listed in section 38(b) for such taxable year (and not 
                allowed under subsection (a)).
                    ``(B) Personal credit.--For purposes of this title, 
                the credit allowed under subsection (a) for any taxable 
                year (determined after application of subparagraph (A)) 
                shall be treated as a credit allowable under subpart A 
                for such taxable year.
            ``(7) Carbon storage certification.--Under the 
        certification process established under subsection (b)(2)(A), 
        the Secretaries shall additionally establish a process for 
        certifying to the taxpayer the amount of carbon dioxide stored 
        by a building or residence as determined under 
        (b)(2)(B)(iii).''.
    (b) Clerical Amendment.--The table of sections for subpart B of 
part IV of subchapter A of chapter 1 of such Code is amended by adding 
at the end the following new item:

``Sec. 30E. Sustainable building and residence credit.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property purchased after December 31, 2020.

SEC. 302. CARBON NEUTRALITY OF SUSTAINABLE BIOMASS.

    To support the key role that forests in the United States can play 
in addressing the energy needs of the United States, the Secretary of 
the Interior, the Secretary, the Secretary of Energy, and the 
Administrator of the Environmental Protection Agency shall, consistent 
with their legal authority and missions--
            (1) collaborate to ensure that Federal policy relating to 
        forest bioenergy--
                    (A) is consistent across all such respective 
                Federal agencies; and
                    (B) recognizes all the benefits of using forest 
                biomass for energy, conservation, carbon storage, and 
                responsible forest management;
            (2) not later than 2 years after the date of the enactment 
        of this Act, establish policies for the use of forest biomass 
        as an energy solution, including policies that--
                    (A) reflect the carbon-neutrality of forest 
                bioenergy and recognize biomass as a renewable energy 
                source, provided the use of forest biomass for energy 
                production does not cause conversion of forests to non-
                forest use; and
                    (B) encourage private investment throughout the 
                forest biomass supply chain, including in--
                            (i) working forests;
                            (ii) harvesting operations;
                            (iii) forest improvement operations;
                            (iv) forest bioenergy production;
                            (v) wood products manufacturing; or
                            (vi) paper manufacturing;
            (3) encourage forest management to improve forest health; 
        and
            (4) recognize State and Tribal initiatives to produce and 
        use forest biomass.

SEC. 303. CLARIFICATION OF RESEARCH AND DEVELOPMENT PROGRAM FOR 
              CELLULOSIC BIOCHEMICAL AND BIOPLASTICS.

    (a) In General.--The Secretary shall conduct performance-driven 
research and development and provide for education and technical 
assistance for the purpose of facilitating the use of cellulosic 
biochemical and bioplastics products in the United States.
    (b) Activities.--In carrying out subsection (a), the Secretary 
shall--
            (1) after collaboration with the wood products industry, 
        conservation organizations, and institutions of higher 
        education, conduct research and development, and provide for 
        education and technical assistance, at the Forest Products 
        Laboratory or through the State and Private Forestry deputy 
        area that meets measurable performance goals for the 
        achievement of the priorities listed in subsection (c); and
            (2) after coordination and collaboration with the entities 
        referred to in paragraph (1), make competitive grants to 
        institutions of higher education for such institutions to 
        conduct research and development and carry out educational 
        programs and provide technical assistance.
    (c) Priorities.--In awarding grants under subsection (b)(2), the 
Secretary shall give priority to applications from institutions of 
higher education proposing projects--
            (1) to address ways to improve the commercialization of 
        cellulosic biochemical and bioplastics products;
            (2) for the conduct of applied research, including projects 
        designed to bring products from benchtop to production scale;
            (3) which, based upon the lifecycle analysis of carbon 
        storage developed under section 103(b), will lead to an 
        increase in carbon storage through the extraction of raw 
        materials through the manufacture of biochemical and 
        bioplastics products; or
            (4) to address one or more other research areas identified 
        by the Secretary, in consultation with conservation 
        organizations, institutions of higher education, and the wood 
        products industry.
    (d) Timeframe.--To the maximum extent practicable, the measurable 
performance goals for the research and development, education, and 
technical assistance under subsection (a) shall be achievable within 5 
years. 
    (e) Definitions.--In this section:
            (1) Cellulosic biochemical product.--The term ``cellulosic 
        biochemical product'' means any biochemical, including 
        bioethanol and its derivatives, that is derived from wood or 
        plant cellulose fiber.
            (2) Cellulosic bioplastics product.--The term ``cellulosic 
        bioplastics product'' means any bioplastic that is derived from 
        wood or plant cellulose fiber.
            (3) Institution of higher education.--The term 
        ``institution of higher education'' has the meaning given such 
        term in of section 101 of the Higher Education Act of 1965 (20 
        U.S.C. 1001).
            (4) Secretary.--The term ``Secretary'' means the Secretary 
        of Agriculture, acting through the Research and Development 
        deputy area and the State and Private Forestry deputy area of 
        the Forest Service.
                                 <all>