Bill

Bill > A08673


NY A08673

Enacts the tropical rainforest economic & environmental sustainability act requiring that companies contracting with the state do not contribute to tropical forest degradation or deforestation directly or through their supply chains; establishes the supply chain transparency assistance program to assist small and medium-sized businesses and minority and women-owned businesses in achieving compliant supply chains.


summary

Introduced
05/27/2025
In Committee
05/27/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the state finance law, in relation to enacting the tropical rainforest economic & environmental sustainability act; and to amend the economic development law, in relation to establishing the supply chain transparency assistance program

AI Summary

This bill enacts the Tropical Rainforest Economic & Environmental Sustainability Act, which aims to prevent tropical deforestation and forest degradation by establishing new requirements for state contracts and creating a support program for businesses. The legislation requires state contractors to certify that their products do not contain commodities sourced from land where tropical deforestation occurred after January 1, 2023, with large contractors needing to develop and publicly share a comprehensive tropical forest policy. The bill defines key terms like "tropical forest-risk commodities" (which include palm oil, beef, coffee, and cocoa) and establishes penalties for non-compliance, such as contract voiding or financial penalties. Additionally, the bill creates a Supply Chain Transparency Assistance Program to help small, medium-sized, and minority- or women-owned businesses develop more ethical and sustainable supply chains by providing technical assistance, helping with regulatory compliance, identifying funding resources, and conducting market analysis. The provisions will initially apply to contracts valued at $1 million or more, or involving contractors with annual revenues of $10 million or more, with a goal of eventually covering all relevant state procurement by 2032.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

referred to governmental operations (on 05/27/2025)

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