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.
USA117th CongressS-1208| Senate
| Updated: 4/19/2021
Christopher Murphy
Democratic Senator
Connecticut
Cosponsors (1)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Bill from Previous Congress
S 116-1528A 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.
Bill from Previous Congress
S 115-1406A 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.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Energy
Agricultural conservation and pollutionAgricultural practices and innovationsAir qualityAlternative and renewable resourcesClimate change and greenhouse gasesCorporate finance and managementCredit and credit marketsElectric power generation and transmissionEnergy efficiency and conservationEnergy storage, supplies, demandExecutive agency funding and structureForests, forestry, treesGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesHybrid, electric, and advanced technology vehiclesLand use and conservationMotor fuelsPublic transitRegional and metropolitan planningSecuritiesSolid waste and recyclingState and local financeWater use and supplyWetlands
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.
USA117th CongressS-1208| Senate
| Updated: 4/19/2021
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Bill from Previous Congress
S 116-1528A 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.
Bill from Previous Congress
S 115-1406A 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.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Christopher Murphy
Democratic Senator
Connecticut
Cosponsors (1)
Finance Committee
Energy
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Agricultural conservation and pollutionAgricultural practices and innovationsAir qualityAlternative and renewable resourcesClimate change and greenhouse gasesCorporate finance and managementCredit and credit marketsElectric power generation and transmissionEnergy efficiency and conservationEnergy storage, supplies, demandExecutive agency funding and structureForests, forestry, treesGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesHybrid, electric, and advanced technology vehiclesLand use and conservationMotor fuelsPublic transitRegional and metropolitan planningSecuritiesSolid waste and recyclingState and local financeWater use and supplyWetlands