A bill 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.
This bill establishes a U.S. Green Bank that provides financial support to assist regional, state, and local institutions finance: (1) clean energy (e.g., solar or wind energy) projects, or (2) energy efficiency projects that reduce energy use or substantially reduce greenhouse gas emissions. 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.
Alternative and renewable resourcesCorporate finance and managementCredit and credit marketsElectric power generation and transmissionEnergy efficiency and conservationEnergy storage, supplies, demandExecutive agency funding and structureGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesHybrid, electric, and advanced technology vehiclesMotor fuelsSecuritiesState and local finance
A bill 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.
USA115th CongressS-1406| Senate
| Updated: 6/22/2017
This bill establishes a U.S. Green Bank that provides financial support to assist regional, state, and local institutions finance: (1) clean energy (e.g., solar or wind energy) projects, or (2) energy efficiency projects that reduce energy use or substantially reduce greenhouse gas emissions. 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.
Alternative and renewable resourcesCorporate finance and managementCredit and credit marketsElectric power generation and transmissionEnergy efficiency and conservationEnergy storage, supplies, demandExecutive agency funding and structureGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesHybrid, electric, and advanced technology vehiclesMotor fuelsSecuritiesState and local finance