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.
Mitigation banking is often discussed in terms of credits—wetland credits, stream credits, or other units used to compensate for unavoidable environmental impacts. But the value of a mitigation bank extends far beyond the regulatory credit itself. Well-designed mitigation banks can provide a broad range of ecosystem services that benefit watersheds, wildlife, communities, and taxpayers.Cleaner Water •
Read MoreThe National Environmental Banking Association is proud to honor this year’s award recipients—leaders who exemplify innovation, integrity, and excellence in advancing mitigation banking and ecological restoration. These individuals and organizations are setting new standards for environmental outcomes, strengthening partnerships between the public and private sectors, and inspiring the next generation of restoration professionals.2026 Award WinnersAward for
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