National Forest Restoration and Remediation Act

Bill: 117-hr-4489
Sponsor: full_name: Rep. Schrier, Kim [D-WA-8]
Introduced: 2021-07-16
Policy area: Public Lands and Natural Resources
Subjects: Appropriations

Budget process

Department of Agriculture

Executive agency funding and structure

Forests, forestry, trees

Interest, dividends, interest rates

Securities
Latest action: action_date: 2021-12-09
text: Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:
action_date: 2021-07-16
action_desc: Introduced in House
text: <p><strong>National Forest Restoration and Remediation Act</strong></p> <p>This bill modifies the treatment of monies collected by the United States arising out of certain Forest Service activities. </p> <p>The bill directs the Department of the Treasury to invest in interest-bearing obligations all monies that were previously collected by the United States in forfeitures, judgments, compromises, or settlements related to Forest Service activities, provided the amounts are not required to meet current withdrawals. The bill makes available the interest earned to cover the costs of work rendered necessary by the action which led to the forfeiture, judgment, compromise, or settlement.</p>

action_date: 2021-12-07
action_desc: Reported to House
text: <p><strong>National Forest Restoration and Remediation Act</strong></p> <p>This bill modifies the treatment of monies collected by the United States arising out of certain Forest Service activities. </p> <p>The bill directs the Department of the Treasury to invest in interest-bearing obligations all monies that were previously collected by the United States in forfeitures, judgments, compromises, or settlements related to Forest Service activities, provided the amounts are not required to meet current withdrawals. The bill makes available the interest earned to cover the costs of work rendered necessary by the action which led to the forfeiture, judgment, compromise, or settlement.</p>

action_date: 2021-12-08
action_desc: Passed House
text: <p><strong>National Forest Restoration and Remediation Act</strong></p> <p>This bill modifies the treatment of monies collected by the United States arising out of certain Forest Service activities. </p> <p>The bill directs the Department of the Treasury to invest in interest-bearing obligations all monies that were previously collected by the United States in forfeitures, judgments, compromises, or settlements related to Forest Service activities, provided the amounts are not required to meet current withdrawals. The bill makes available the interest earned to cover the costs of work rendered necessary by the action which led to the forfeiture, judgment, compromise, or settlement.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 4489 IN THE HOUSE OF REPRESENTATIVES July 16, 2021 Ms. Schrier (for herself, Mr. Rosendale , Mr. LaMalfa , and Mr. Neguse ) introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Act of June 20, 1958, to require that certain amounts collected by the United States with respect to lands under the administration of the Forest Service be invested into interest bearing obligations, and for other purposes.

1. Short title This Act may be cited as the National Forest Restoration and Remediation Act . 2. Investment of certain funds into interest bearing obligations Section 7 of the Act of June 20, 1958 ( 16 U.S.C. 579c ), is amended— (1) by striking of any improvement, protection, or rehabilitation and inserting of any assessment, improvement, protection, restoration, or rehabilitation ; and (2) by striking Provided , That and all that follows through the period at the end and inserting: Provided , That any monies covered into the Treasury under this section, including all monies that were previously collected by the United States in a forfeiture, judgment, compromise, or settlement, shall be invested by the Secretary of the Treasury in interest bearing obligations of the United States to the extent the amounts are not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals: Provided further , That any interest earned on the amounts, including any interest earned by investment, is hereby appropriated and made available until expended to cover the costs to the United States specified in this section: Provided further , That, for fiscal year 2021 and thereafter, the Secretary shall include in the budget materials submitted to Congress in support of the President’s annual budget request (submitted to Congress pursuant to section 1105 of title 31, United States Code) for each fiscal year the proposed use of such amounts with respect to the Forest Service : Provided further , That any portion of the monies received or earned under this section in excess of the amount expended in performing the work necessitated by the action which led to their receipt may be used to cover the other work specified in this section. .

tv_txt: I 117th CONGRESS 1st Session H. R. 4489 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Act of June 20, 1958, to require that certain amounts collected by the United States with respect to lands under the administration of the Forest Service be invested into interest bearing obligations, and for other purposes.

1. Short title This Act may be cited as the National Forest Restoration and Remediation Act . 2. Investment of certain funds into interest bearing obligations Section 7 of the Act of June 20, 1958 ( 16 U.S.C. 579c ), is amended— (1) by striking of any improvement, protection, or rehabilitation and inserting of any assessment, improvement, protection, restoration, or rehabilitation ; and (2) by striking Provided , That and all that follows through the period at the end and inserting: Provided , That any monies covered into the Treasury under this section, including all monies that were previously collected by the United States in a forfeiture, judgment, compromise, or settlement, shall be invested by the Secretary of the Treasury in interest bearing obligations of the United States to the extent the amounts are not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals: Provided further , That any interest earned on the amounts, including any interest earned by investment, is hereby appropriated and made available until expended to cover the costs to the United States specified in this section: Provided further , That, for fiscal year 2021 and thereafter, the Secretary shall include in the budget materials submitted to Congress in support of the President’s annual budget request (submitted to Congress pursuant to section 1105 of title 31, United States Code) for each fiscal year the proposed use of such amounts with respect to the Forest Service : Provided further , That any portion of the monies received or earned under this section in excess of the amount expended in performing the work necessitated by the action which led to their receipt may be used to cover the other work specified in this section. . 3. Determination of budgetary effects The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.

Passed the House of Representatives December 8, 2021. Cheryl L. Johnson, Clerk.

tv_txt: IB Union Calendar No. 146 117th CONGRESS 1st Session H. R. 4489 [Report No. 117–204] IN THE HOUSE OF REPRESENTATIVES July 16, 2021 Ms. Schrier (for herself, Mr. Rosendale , Mr. LaMalfa , and Mr. Neguse ) introduced the following bill; which was referred to the Committee on Agriculture December 7, 2021 Additional sponsor: Mr. Costa December 7, 2021 Reported from the Committee on Agriculture ; committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Act of June 20, 1958, to require that certain amounts collected by the United States with respect to lands under the administration of the Forest Service be invested into interest bearing obligations, and for other purposes.

1. Short title This Act may be cited as the National Forest Restoration and Remediation Act . 2. Investment of certain funds into interest bearing obligations Section 7 of the Act of June 20, 1958 ( 16 U.S.C. 579c ), is amended— (1) by striking of any improvement, protection, or rehabilitation and inserting of any assessment, improvement, protection, restoration, or rehabilitation ; and (2) by striking Provided , That and all that follows through the period at the end and inserting: Provided , That any monies covered into the Treasury under this section, including all monies that were previously collected by the United States in a forfeiture, judgment, compromise, or settlement, shall be invested by the Secretary of the Treasury in interest bearing obligations of the United States to the extent the amounts are not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals: Provided further , That any interest earned on the amounts, including any interest earned by investment, is hereby appropriated and made available until expended to cover the costs to the United States specified in this section: Provided further , That, for fiscal year 2021 and thereafter, the Secretary shall include in the budget materials submitted to Congress in support of the President’s annual budget request (submitted to Congress pursuant to section 1105 of title 31, United States Code) for each fiscal year the proposed use of such amounts with respect to the Forest Service : Provided further , That any portion of the monies received or earned under this section in excess of the amount expended in performing the work necessitated by the action which led to their receipt may be used to cover the other work specified in this section. .

December 7, 2021 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: IIB 117th CONGRESS 1st Session H. R. 4489 IN THE SENATE OF THE UNITED STATES December 9, 2021 Received; read twice and referred to the Committee on Agriculture, Nutrition, and Forestry AN ACT To amend the Act of June 20, 1958, to require that certain amounts collected by the United States with respect to lands under the administration of the Forest Service be invested into interest bearing obligations, and for other purposes.

1. Short title This Act may be cited as the National Forest Restoration and Remediation Act . 2. Investment of certain funds into interest bearing obligations Section 7 of the Act of June 20, 1958 ( 16 U.S.C. 579c ), is amended— (1) by striking of any improvement, protection, or rehabilitation and inserting of any assessment, improvement, protection, restoration, or rehabilitation ; and (2) by striking Provided , That and all that follows through the period at the end and inserting: Provided , That any monies covered into the Treasury under this section, including all monies that were previously collected by the United States in a forfeiture, judgment, compromise, or settlement, shall be invested by the Secretary of the Treasury in interest bearing obligations of the United States to the extent the amounts are not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals: Provided further , That any interest earned on the amounts, including any interest earned by investment, is hereby appropriated and made available until expended to cover the costs to the United States specified in this section: Provided further , That, for fiscal year 2021 and thereafter, the Secretary shall include in the budget materials submitted to Congress in support of the President’s annual budget request (submitted to Congress pursuant to section 1105 of title 31, United States Code) for each fiscal year the proposed use of such amounts with respect to the Forest Service : Provided further , That any portion of the monies received or earned under this section in excess of the amount expended in performing the work necessitated by the action which led to their receipt may be used to cover the other work specified in this section. . 3. Determination of budgetary effects The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.

Passed the House of Representatives December 8, 2021. Cheryl L. Johnson, Clerk.