Pacific Northwest Forest Community Recovery and Ecosystem Conservation Act of 1991 - Title I: Worker Adjustment Assistance Program for Certain Dislocated Workers - Subtitle A: General Provisions - Provides adjustment assistance, including extended unemployment benefits, for certain dislocated timber and related industry workers.
Subtitle B: Financing Provisions - Amends title IX of the Social Security Act to establish in the Unemployment Trust Fund a worker adjustment assistance account.
Title II: Community Economic Diversification - Establishes in the Treasury a special economic adjustment fund funded by a portion of Federal forest land timber sales to: (1) assist forest-dependent communities in Washington, Oregon and California to diversify economically; and (2) retrain workers.
Establishes a Community Economic Diversification Commission.
Authorizes appropriations.
Title III: Wood Products Incentives - Subtitle A: Export Restrictions - Authorizes specified Western States to restrict log exports. Authorizes appropriations.
Subtitle B: Rural Economic Development Magnet Centers - Amends the Consolidated Farm and Rural Development Act to authorize grants to establish rural economic development magnet centers. Authorizes FY 1992 appropriations.
Subtitle C: Export Financing - Directs the Export-Import Bank of the United States to establish a wood products export program as part of the working capital guarantee program.
Amends the Agricultural Trade Act of 1978 to include "wood" within the definition of "agricultural commodity" for export assistance purposes under such Act.
Subtitle D: Report - Directs the Secretary of Commerce to report to the Congress with respect to the short supply of logs in Washington, Oregon, Idaho, and California.
Title IV: Reforestation Tax Incentives - Amends the Internal Revenue Code to establish reforestation tax incentives, including: (1) a two percent credit for domestically processed timber; and (2) a five-year class life for timber cutting and saving equipment.
Title V: Ecosystem Conservation - Establishes ecosystem natural areas within specified Federal forest lands in Washington, Oregon, and northern California. Sets forth related management and protection provisions.
Establishes interim watershed study areas on such lands.
States that all Pacific Northwest Federal forest lands not within either of such designations shall be managed in accordance with the recommendations of the Interagency Scientific Committee for lands outside habitat conservation areas.
Establishes a three-year Forest Ecosystem Advisory Committee to develop specified ecosystem management objectives for the Pacific Northwest. Authorizes appropriations.
Directs the Secretary of Agriculture to develop a Pacific Northwest forest ecosystem research program.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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