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H.R.5508 - Fostering Overseas Rule of Law and Environmentally Sound Trade Act of 6 2023" ("FOREST" Act of 2023)

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Summary

Revived in 2023, the FOREST Act targets illegal deforestation. To protect forests and biodiversity, it restricts imports of certain commodities linked to deforestation, like timber and soy. Importers must prove responsible sourcing. The Act encourages foreign efforts against deforestation, offering aid and potentially even financial sanctions. This comprehensive legislation strives for sustainable trade and a future with thriving forests.

Thumbnail image for Revived in 2023, the FOREST Act targets illegal deforestation. To protect forests and biodiversity, it restricts imports of certain commodities linked to deforestation, like timber and soy. Importers must prove responsible sourcing. The Act encourages foreign efforts against deforestation, offering aid and potentially even financial sanctions. This comprehensive legislation strives for sustainable trade and a future with thriving forests.
Issuer

United States

Year

2021

Region

North America

Issuer (type)

Congress (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Agriculture, Forestry, Fishing & Hunting
  • Mining, Quarrying, Oil & Gas Extraction
  • Manufacturing
  • Administrative, Support, Waste Management
Restrictiveness

Very High

Sustainable Development Goals (SDGs)
  • SDG 2: Zero Hunger
  • SDG 15: Life on Land

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