REPORTS.

SEC. 948. REPORTS. (a) Biobased Product Potential.—Not later than 1 year after the date of enactment of this Act, the Secretary of Agriculture (referred to in this section as the “Secretary”) shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report that— (1) describes the economic potential for the United States of the widespread production and use of commercial and industrial biobased products through calendar year 2025; and (2) as the maximum extent practicable, identifies the economic potential by product area. (b) Analysis of Economic Indicators.—Not later than 2 years after the date of enactment of this Act, the Secretary shall submit to Congress an analysis of economic indicators of the biobased economy.