Code · BILL · 118th Congress · S. 2991 (Introduced in Senate) — To improve revegetation and carbon sequestration activities in the United States, and for other purposes. · Sec. 404

Sec. 404. Insurance product to replace buffers

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The Secretary of Agriculture, acting through the Chief of the Forest Service, may— establish an intragovernmental revolving fund to maintain adequate buffer reserves for a project implementing a covered activity (as defined in subsection

(a)of section 201) under that section to cover unforeseen losses in carbon stocks to address nonpermanence; and transfer amounts into and out of the intragovernmental revolving fund established under paragraph

(1)to serve as a buffer pool for covered activities referred to in paragraph (1).