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Climate Change Resiliency Fund for America Act of 2023

USA118th CongressS-3416| Senate 
| Updated: 12/6/2023
Richard J. Durbin

Richard J. Durbin

Democratic Senator

Illinois

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Climate Change Resiliency Fund for America Act of 2023 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.
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Timeline

Bill from Previous Congress

S 116-763
Climate Change Resiliency Fund for America Act of 2019

Bill from Previous Congress

S 117-873
Climate Change Resiliency Fund for America Act of 2021
Dec 6, 2023
Introduced in Senate
Dec 6, 2023
Read twice and referred to the Committee on Finance. (text: CR S5809-5810)
  • Bill from Previous Congress

    S 116-763
    Climate Change Resiliency Fund for America Act of 2019


  • Bill from Previous Congress

    S 117-873
    Climate Change Resiliency Fund for America Act of 2021


  • December 6, 2023
    Introduced in Senate


  • December 6, 2023
    Read twice and referred to the Committee on Finance. (text: CR S5809-5810)

Environmental Protection

Climate Change Resiliency Fund for America Act of 2023

USA118th CongressS-3416| Senate 
| Updated: 12/6/2023
Climate Change Resiliency Fund for America Act of 2023 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-763
Climate Change Resiliency Fund for America Act of 2019

Bill from Previous Congress

S 117-873
Climate Change Resiliency Fund for America Act of 2021
Dec 6, 2023
Introduced in Senate
Dec 6, 2023
Read twice and referred to the Committee on Finance. (text: CR S5809-5810)
  • Bill from Previous Congress

    S 116-763
    Climate Change Resiliency Fund for America Act of 2019


  • Bill from Previous Congress

    S 117-873
    Climate Change Resiliency Fund for America Act of 2021


  • December 6, 2023
    Introduced in Senate


  • December 6, 2023
    Read twice and referred to the Committee on Finance. (text: CR S5809-5810)
Richard J. Durbin

Richard J. Durbin

Democratic Senator

Illinois

Finance Committee

Environmental Protection

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted