New York A 8673: Enacts the tropical rainforest economic & environmental sustainability act and establishes the supply chain transparency assistance program

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A08673 Summary:

BILL NOA08673 

&nbsp

SAME ASSAME AS S07203

&nbsp

SPONSORGlick

&nbsp

COSPNSROtis, Simon, Kelles, Simone

&nbsp

MLTSPNSR

&nbsp

Amd 165, St Fin L; add Art 28 500 & 501, Ec Dev L

&nbsp

Enacts the tropical rainforest economic & environmental sustainability act requiring that companies contracting with the state do not contribute to tropical forest degradation or deforestation directly or through their supply chains; establishes the supply chain transparency assistance program to assist small and medium-sized businesses and minority and women-owned businesses in achieving compliant supply chains.

Go to top A08673 Actions:

BILL NOA08673 

&nbsp

05/27/2025referred to governmental operations

01/07/2026referred to governmental operations

Go to topA08673 Committee&nbspVotes:

Go to topA08673 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08673 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8673

 2025-2026 Regular Sessions

 IN ASSEMBLY

 May 27, 2025
 ___________

 Introduced by M. of A. GLICK -- read once and referred to the Committee
 on Governmental Operations

 AN ACT to amend the state finance law, in relation to enacting the trop-
 ical rainforest economic & environmental sustainability act; and to
 amend the economic development law, in relation to establishing the
 supply chain transparency assistance program

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. This act shall be known and may be cited as the "tropical
 2 rainforest economic & environmental sustainability act".
 3 § 2. Legislative findings. The legislature finds and declares the
 4 following:
 5 1. Tropical forests cover roughly 7 percent of Earth's surface, but
 6 harbor close to 50 percent of all species on Earth.
 7 2. Human activity is the driving force behind the current rate of
 8 species extinction, which is at least 100 to 1,000 times higher than
 9 historical levels. The Intergovernmental Science-Policy Platform on
 10 Biodiversity and Ecosystem Services reported in 2019 that around 1
 11 million animal and plant species are now threatened with extinction,
 12 many within decades, more than ever before in human history. This is
 13 directly linked to habitat loss, with more than a third of the world's
 14 land surface and nearly 75 percent of freshwater resources now devoted
 15 to crop or livestock production.
 16 3. Globally, an estimated 18,000,000 acres of forest, an area more
 17 than half the size of New York state, are lost every year to deforesta-
 18 tion according to the Food and Agriculture Organization of the United
 19 Nations, with over one-half of Earth's tropical forests already gone. At
 20 the current pace, the entirety of Earth's tropical rainforests will be
 21 degraded or destroyed within the next 100 years.
 22 4. A significant percentage of the world's greenhouse gas emissions
 23 come from deforestation and forest degradation. Taking into account

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08526-03-5

 A. 8673 2

 1 carbon sequestration potential, stopping the loss of tropical forests,
 2 mangroves, and wetlands could provide over 20 percent of climate miti-
 3 gation by 2030.
 4 5. Loss of biodiversity resulting from forest degradation and defores-
 5 tation, as well as human encroachment on formerly undisturbed ecosys-
 6 tems, increases the risks of zoonotic disease pandemics such as COVID-
 7 19.
 8 6. New York state is a leader in addressing the climate crisis, with a
 9 statutory goal of achieving net-zero greenhouse gas emissions economy-
 10 wide by 2050. However, our statutory goals miss an important element of
 11 our climate footprint represented by our exported emissions, the emis-
 12 sions created by the goods we consume. A significant portion of this
 13 footprint is driven by tropical deforestation.
 14 7. Tropical deforestation in many countries is closely associated with
 15 violations of the land rights of indigenous peoples and local communi-
 16 ties and with the exploitation of workers, including forced labor and
 17 child labor, and in many cases is enabled by corruption, criminality,
 18