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March 23, 1993 



LUMBER PRICES AND ENDANGERED SPECIES 

 FACTS AND FICTION 



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Dear Collea9ue; 



The racent riaa in lumber price* hat been widely reported in the 

 preee and acconpaniad by such speculation about the root cauaeB 

 of the increase. National campaigns by several interest groups 

 have been organized to attribute the price rise to the Endangered 

 Species Act. 



In an effort to sort fact froa fiction, the Congressional 

 Research Service (CRS) has prepared an analysis of the rise in 

 domestic lumber prices. CRS concludes that the economic recovery 

 ia probably the major cause of the lumber price rise, but 

 seasonal factors, the countervailing duty on Canadian lumber, and 

 injunctions on the Federal timber sale program due to the failure 

 of the last Administration to comply with the requirements of the 

 National Forest Management Act, the National Environmental Policy 

 Act and the Endangered Speciea Act have also contributed. 



Mr. RoBB Gorte, the author of the CRS analysis, will brief 

 interested members and staff on his analysis. Mr. Sorts is an 

 Economist and Natural Resource Specialist with ths Environmental 

 and Natural Resources Policy Division of CRS. 



The briefing will be held on Friday, March 26. 1993 at l;00 p.m. 

 in the Merchant Marine and Fisheries Committee hearing room (13 34 

 Longvorth House Office Building) . All interested Members an5 

 staff are welcome to attend. 



If you have any questions about the briefing, please contact Ms. 

 Lesli Gray at 226*3547. 



with kind regards. 



Sincerely, 



Studds 

 kirman 



Gkrr^^ 

 chai 



