Bill > S08898

This bill enacts the Tropical Rainforest Economic & Environmental Sustainability Act, which requires companies contracting with the state to ensure their supply chains do not contribute to tropical deforestation or forest degradation. It also establishes the Supply Chain Transparency Assistance Program to help small, medium-sized, minority, and women-owned businesses achieve compliant supply chains. The bill amends the State Finance Law to define key terms like "tropical hardwood," "tropical forests," and "tropical forest-risk commodities," and to outline requirements for contractors to certify their supply chains are deforestation-free. It provides for potential penalties and enforcement mechanisms if violations are found. The bill also amends the Economic Development Law to create the new assistance program to support businesses in enhancing supply chain transparency, traceability, ethics, and sustainability.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2023/S8898