Climate Change Resiliency Fund for America Act of 2021
- Last Action
- 3/18/2021
Actions
- 2021-03-18Read twice and referred to the Committee on Finance. (text: CR S1649-1651)
- 2021-03-18Introduced in Senate
CRS Summary
As of 2021-03-18 (00)
Climate Change Resiliency Fund for America Act of 2021
This bill provides support to address the impacts of climate change.
Specifically, the bill authorizes the Department of the Treasury to issue up to $1 billion in climate change obligations (e.g., bonds) in a fiscal year, with bond proceeds going into the Climate Change Resiliency Fund established by this bill. The fund must be used for a program that finances projects that reduce the economic, social, and environmental impact of the adverse effects of climate change. A percentage of those funds must be used to benefit communities that experience disproportionate impacts from climate change.
The Climate Change Advisory Commission, established by this bill, must provide recommendations and guidelines for the program and identify categories of the most cost-effective investments and projects that emphasize multiple benefits to commerce, human health, and ecosystems.
Subjects
- Advisory bodies
- Agricultural conservation and pollution
- Air quality
- Atmospheric science and weather
- Climate change and greenhouse gases
- Department of Commerce
- Disaster relief and insurance
- Ecology
- Economic performance and conditions
- Emergency planning and evacuation
- Environmental health
- Executive agency funding and structure
- Farmland
- Fires
- Food supply, safety, and labeling
- Government trust funds
- Indian social and development programs
- Infrastructure development
- Minority health
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.