1. Short title This Act may be cited as the Rural Energy for America Program Modernization Act of 2023 or the REAP Modernization Act of 2023 . 2. Rural Energy for America Program (a) In general Section 9007 of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8107 ) is amended— (1) in subsection (a)— (A) by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B), respectively, and indenting appropriately; (B) in the matter preceding subparagraph (A) (as so redesignated), by striking The Secretary and inserting the following: (1) In general The Secretary ; (C) in paragraph (1) (as so designated), in the matter preceding subparagraph (A) (as so redesignated), by inserting (referred to in this section as the Program ) after Program ; and (D) by adding at the end the following: (2) Climate benefits In carrying out the Program, the Secretary shall promote the reduction of greenhouse gas emissions as a result of carrying out projects funded by grants and other financial assistance under the Program. ; (2) in subsection (b)— (A) in paragraph (2)— (i) in subparagraph (D), by striking and at the end; (ii) by redesignating subparagraph (E) as subparagraph (G); and (iii) by inserting after subparagraph (D) the following: (E) a producer cooperative; (F) a nongovernmental organization; and ; (B) in paragraph (3)— (i) in subparagraph (E), by striking and at the end; (ii) in subparagraph (F), by striking the period at the end and inserting ; and ; and (iii) by adding at the end the following: (G) the potential of the proposed program to reduce greenhouse gas emissions and provide other climate benefits. ; and (C) in paragraph (4)— (i) in subparagraph (B), by redesignating clauses (i) and (ii) as subclauses (I) and (II), respectively, and indenting appropriately; (ii) by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively, and indenting appropriately