Timber Harvesters, Haulers, and Landowners Market Disruptions Relief Act
Timber Industry: Financial Relief for Market Disruptions
This bill is currently in the early stages of the legislative process and is being reviewed by a subcommittee of the House Committee on Agriculture. It is still active, but no further votes or hearings have been scheduled yet.
Legislative Progress
While this bill addresses real needs in rural areas, most bills introduced in the House do not become law without a major push from party leaders or broad bipartisan support.
Key Points
- This bill creates a relief program for timber businesses and landowners who lose money because of major market problems. It covers situations like local mills closing down, foreign trade barriers, or timber prices dropping by half.
- Eligible businesses can receive an initial payment of up to $20,000 to help with immediate costs. A second payment can cover 30 percent of their lost revenue compared to the previous year to help them stay afloat.
- The money can be used for daily business expenses like paying workers, buying fuel, repairing equipment, or paying off debt. It can also help businesses find new ways to sell their wood products.
- To qualify, a business must earn at least $35,000 a year from timber and get most of its income from harvesting or hauling wood. Landowners must also meet specific wood sale minimums to be eligible for the help.
- The program would be funded by taxes the government already collects on lumber imported from Canada. This means the relief would not require new tax dollars from the general public.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the Subcommittee on Forestry and Horticulture.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Referred to the House Committee on Agriculture.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Timber Harvesters, Haulers, and Landowners Market Disruptions Relief Act
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.