Explanation of the Bill in Layman's Terms:
This bill is proposing to allow the Secretary of Agriculture to give grants to different organizations to help support the domestic hardwood industry. These grants would be given out through a competitive process to entities that are working on activities that benefit the domestic hardwood industry. Some of the activities that could be supported by these grants include research on environmentally friendly hardwood products, education and promotion of domestically produced hardwood, and demonstration projects to showcase the benefits of using domestic hardwood.
Entities that are eligible to receive these grants include states, nonprofit organizations focused on hardwood products, universities, and research institutions. To apply for a grant, eligible entities would need to submit an application detailing the activities they plan to support with the funds, their goals, and the expected impact of their activities on hardwood production and consumer awareness.
The bill also specifies that the term "domestically produced hardwood product" refers to products that are made from at least 90% domestically sourced hardwood material. Additionally, the bill authorizes appropriations of $5,000,000 per year for fiscal years 2024 through 2029 to implement these grant programs.
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