The Hardwood Federation produces a “D.C. Cheat Sheet” e-newsletter to maintain the trade up-to-date on the most recent information from Washington D.C. Try the November sixteenth version beneath and join to obtain your copy.
Congress Approves One-12 months Farm Invoice Extension
As Congress lastly handed a Persevering with Decision (CR) this week to fund federal packages past November 17 and into January, Home Speaker Mike Johnson (R-LA) acquired the ball rolling by working with 209 Democrats and 127 Republicans to safe its passage within the Home on Tuesday. Speaker Johnson, wanting to kill two birds with one stone, crafted a CR that piggybacks a one-year extension of the 2018 Farm Invoice that can assure funding for key hardwood initiatives such because the Market Entry and International Market Improvement packages till September 30, 2024. The measure is headed to President Biden’s desk for his signature. The Hardwood Federation will preserve you posted on new developments as they unfold.
Hardwoods, Small Enterprise Allies Oppose Company Transparency Act Mandates
The small to medium sized enterprise neighborhood is as soon as once more reaching out to Congress to delay implementation of the Company Transparency Act (CTA), a little-known federal anti-corruption legislation enacted in 2021 that takes impact in slightly over a month and a half. The Hardwood Federation has signed on to a earlier letter to Home and Senate management asking for an implementation delay, however given the compliance date is simply weeks away, the stress is constructing. The American Institute of Licensed Public Accountants (AICPA) despatched a letter to the Monetary Crimes Enforcement Community, the implementing federal entity on the Division of Treasury, on October 30 outlining its considerations with FinCen sticking with the statutory deadline for compliance. The difficulty is CTA’s a number of reporting necessities haven’t been nicely socialized. The Hardwood Federation has agreed to signal the letter, which will likely be despatched to Home and Senate management this week.
Forest Service Delivers Replace on Mature, Previous Development Forests
On November 8, the Forest Service introduced the findings of their menace evaluation for mature and outdated development forests (MOG), which identifies wildfires and pest infestation because the main causes of outdated development forest loss. The presentation follows the overview of enter acquired on USDA proposals this 12 months associated to local weather resilient forests, on which the federation submitted feedback this summer time. Subsequent steps embody supply of a report from USFS on threats to MOG in the course of the winter of 2024 and improvement of a associated conservation plan later subsequent 12 months. Right now, trade stakeholders are viewing the USFS findings as one other justification for enhancing forest administration to cut back wildfire and infestation danger.
Supply: Hardwood Federation