The Energy and Water Development Appropriation Act 2024 was signed into law recently by President Biden, making explicit Congress' wish to see mitigation bank credits released by the U.S. Army Corps into service areas across the United States.
"Mitigation Bank Credits — The Committee appreciates the promise of mitigation banks for accelerating project delivery. The Corps is encouraged to approve mitigation bank credits expeditiously, consistent with existing laws and regulations. Additionally, the Corps is encouraged to continue making progress to improve its application of the mitigation hierarchy in the 2008 Compensatory Mitigation Rule."
As those in our industry well know, there are often long regulatory delays in the release of bank credits and/or the review of documentation needed to support credit releases. The National Environmental Banking Association thanks both Houses of Congress and the Biden Administration for this continued bipartisan support to our industry, and especially for this directive intended to address the problem of slow mitigation bank credit releases.
If you work in mitigation banking, ecological restoration, or ecosystem markets, there’s one event you can’t afford to miss this fall: 2026 NEBA Annual DC Fly-InSeptember 15–17 in Washington, DC Hosted by the National Environmental Banking Association (NEBA), this annual event brings industry leaders face-to-face with federal policymakers to influence environmental legislation and regulation that directly impact
Read MoreThe National Environmental Banking Association (NEBA) is pleased to announce the proposed Board of Directors slate that will be presented to members for election during the Annual Membership Meeting on September 16, 2026, as part of the NEBA Annual DC Fly-In in Washington, D.C.The proposed slate is:JEFF OYEN, ChairKEVIN MORAN, Vice-ChairKENNETH JESENSKY, Secretary/TreasurerROBERT SPOTH, Board
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