US HB7603

Establishes permanent timber production as the primary purpose of O&C lands in Oregon, with revenue generation to support county government services under sustained yield principles

Designates secondary purposes including local economic stability, watershed protection, water flow regulation, recreational opportunities, and wildfire risk reduction

Requires the Secretary of the Interior to meet or exceed Oregon state fire protection standards on O&C timberlands and enter into fire protection agreements with the state and forest protective associations

Defines "timberlands" as lands bearing or capable of bearing timber growth of at least 300,000 feet board measure per 40-acre subdivision

Mandates the Secretary of the Interior issue revised resource management plans within 2 years of enactment designating timberlands under the new requirements