Sec. 6. Financial assistance for qualified timber losses
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The Secretary shall establish a program under which the Secretary shall provide to an eligible entity that submits an application under subsection (b)— a one-time payment or grant, as determined by the Secretary, for qualified timber losses; a one-time loan or loan guarantee, as determined by the Secretary, for purposes of enabling the eligible entity to— address or offset increases in the timber-related business operating costs of the eligible entity during calendar year 2025 due to market and economic conditions, as determined by the Secretary; or establish, reopen, expand, or improve the timber-related operations of the eligible entity; or a payment or grant under paragraph
(1)and a loan or loan guarantee under paragraph (2). To be eligible to receive financial assistance under the program under subsection
(a)an eligible entity shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require. The amount of a payment or grant the Secretary provides to an eligible entity under subsection (a)(1) shall not exceed the amount that is the lesser of the following: The amount equal to $40,000 reduced by the amount described in paragraph (3). The amount equal to— the amount equal to 65 percent of the qualified timber losses of the eligible entity; reduced by the amount described in paragraph (3). The amount of a loan or loan guarantee the Secretary provides to an eligible entity under subsection (a)(2) shall not exceed the amount equal to $5,000,000 reduced by the amount described in paragraph (3). The amount described in this paragraph is, with respect to an eligible entity, the amount of any financial assistance the eligible entity receives with respect to calendar year 2025 under the Farmer Bridge Assistance Program of the Department of Agriculture (as described in the press release of the Department of Agriculture on December 8, 2025 (Release No. 0239.25)) for qualified timber losses. An eligible entity may not receive financial assistance under this section and under section 5 with respect to the same losses. There is appropriated to the Secretary $500,000,000 to carry out this section. Of the amount appropriated under paragraph (1)— the Secretary shall use $250,000,000 to provide payments or grants under subsection (a)(1); and the Secretary shall use $250,000,000 to provide loans or loan guarantees under subsection (a)(2). If the Secretary determines the amount of funds under subparagraph
(A)or
(B)of paragraph
(2)is insufficient to provide the financial assistance specified in such subparagraphs, the Secretary may ratably reduce such assistance. In this section: The term eligible entity means an entity that— is in the business of growing, producing, harvesting, transporting, or processing timber, including for lumber, pulp, and paper, as of the date on which the entity submits an application under subsection (b), and was in business during the prior calendar year; or is entitled to an ownership share, and shares in the risk, of timber production on private forest land in the United States relating to an application under subsection (b); and in the case of an entity that is an individual, is a citizen of the United States or lawful alien (as defined in section 1400.3 of title 7, Code of Federal Regulations (or successor regulations)); is a partnership, corporation, cooperative, limited liability company, or other organizational structure organized under State law; is an Indian Tribe or Tribal organization (as those terms are defined in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 )); or is a foreign person that meets the requirements specified in section 1400.401 of title 7, Code of Federal Regulations (or successor regulations). The term qualified timber losses means the timber-related revenue losses of an eligible entity that occurred during calendar year 2025 due to market and economic conditions, as determined by the Secretary.
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Sec. 6
Financial assistance for qualified timber losses
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