Bill > S2399

This bill establishes a federal payment program to support timber harvesting and timber hauling businesses that experience significant revenue losses due to major disasters, including natural events and insect infestations. Under the program, businesses that harvest or haul unrefined timber products can receive financial assistance if they experience a 10% or greater drop in gross revenue over a 30-day period or calendar quarter compared to the same period in the previous year. The Secretary of Agriculture, acting through the Farm Service Agency, will administer the program and provide payments equal to 10% of the eligible entity's gross revenue during the affected period. Businesses must certify that they will use the funds solely for operating expenses. The bill authorizes $50 million in appropriations for each fiscal year from 2025 to 2029 and requires the Secretary to submit annual reports to Congress detailing the payments made, including recipient identities and payment amounts. The bill allows for expedited rulemaking without standard notice and comment procedures, enabling quick implementation of the assistance program.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/senate-bill/2399/all-info