To amend title 31, United States Code, to provide for the issuance of Green Bonds and to establish the United States Green Bank, and for other purposes.
- Last Action
- 4/20/2021
Actions
- 2021-04-20Referred to the Subcommittee on Energy.
- 2021-04-19Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2021-04-19Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2021-04-19Introduced in House
- 2021-04-19Introduced in House
CRS Summary
As of 2021-04-19 (00)
This bill establishes a U.S. Green Bank to finance climate change mitigation and adaptation projects at the state and local level by capitalizing regional, state, and municipal green banks.
The Department of the Treasury must issue green bonds to provide the bank with (1) an initial capitalization of $10 billion; and (2) additional capitalization, upon the bank's request, of no more than $50 billion in aggregate at any one time.
The bill also establishes in the Treasury a revolving Green Bank Establishment Fund.
Cosponsors (8)
- Matt Cartwright (D-PA)
- Doris Matsui (D-CA)
- Julia Brownley (D-CA)
- Paul Tonko (D-NY)
- ANNA ESHOO (D-CA)
- Gerald Connolly (D-VA)
- GREGORY MEEKS (D-NY)
- Jason Crow (D-CO)
Subjects
- Agricultural conservation and pollution
- Agricultural practices and innovations
- Air quality
- Alternative and renewable resources
- Climate change and greenhouse gases
- Corporate finance and management
- Credit and credit markets
- Electric power generation and transmission
- Energy efficiency and conservation
- Energy storage, supplies, demand
- Executive agency funding and structure
- Forests, forestry, trees
- Government corporations and government-sponsored enterprises
- Government lending and loan guarantees
- Hybrid, electric, and advanced technology vehicles
- Land use and conservation
- Motor fuels
- Public transit
- Regional and metropolitan planning
Sourced from Congress.gov (public domain).
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