S.769 - International Carbon Conservation Act107th Congress (2001-2002)
|Sponsor:||Sen. Brownback, Sam [R-KS] (Introduced 04/24/2001)|
|Committees:||Senate - Agriculture, Nutrition, and Forestry|
|Latest Action:||04/24/2001 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S3862-3863) (All Actions)|
This bill has the status Introduced
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Summary: S.769 — 107th Congress (2001-2002)All Bill Information (Except Text)
International Carbon Conservation Act - Establishes within the Department of Commerce's National Institute of Standards and Technology an implementing panel, to be headed by the Chief of the Forest Service, which shall: (1) establish a carbon sequestration program; and (2) accept qualifying projects located outside of the United States.
Introduced in Senate (04/24/2001)
Permits an owner or operator of property located outside the United States that is used in a qualifying project to be eligible for: (1) credit extension from the Export-Import Bank of the United States of up to 75 percent of the cost of carrying out the carbon sequestration practices specified in the contract; and (2) investment insurance issued by the Overseas Private Investment Corporation.