Biobased Market Expansion Act of 2025
Summary
The Biobased Market Expansion Act of 2025 aims to enhance the recognition, procurement, and domestic production of biobased products. It amends the Farm Security and Rural Investment Act of 2002 to update procurement requirements, establish price preferences, and improve data collection related to biobased products. The act also mandates training for federal procurement staff and updates federal catalogs to clearly identify eligible biobased products.
Expected Effects
This act will likely increase the demand for biobased products, stimulating the agricultural sector and biomanufacturing industries. Federal agencies will be required to prioritize biobased products in their procurement processes. This could lead to a shift in market dynamics and increased investment in biobased technologies.
Potential Benefits
- Increased demand for biobased products, benefiting farmers and rural communities.
- Promotion of domestic biomanufacturing, creating jobs in the United States.
- Improved environmental sustainability through the use of renewable resources.
- Enhanced transparency and accountability in federal procurement practices.
- Support for innovation and development of new biobased technologies.
Potential Disadvantages
- Potential increased costs for federal procurement due to price preferences for biobased products.
- Possible challenges for procuring agencies in meeting the updated requirements.
- Risk of unintended consequences from shifting market dynamics.
- The need for ongoing monitoring and evaluation to ensure the act's effectiveness.
- Potential for increased administrative burden on federal agencies.
Constitutional Alignment
The Biobased Market Expansion Act of 2025 appears to align with the Constitution's general welfare clause (Preamble). Specifically, it promotes economic activity and supports agricultural industries, which can be argued as contributing to the overall well-being of the nation. The Act falls under Congress's power to regulate commerce (Article I, Section 8), as it involves federal procurement and market regulation.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).