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.
117-HR-2656117th CongressIntroduced Apr 19, 2021Energy
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the Subcommittee on Energy.
Sponsor
Rep. Himes, James A. [D-CT-4](D-CT-4)8 cosponsors
Summary
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.
Subjects
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 planning
Actions (5)
Referred to the Subcommittee on Energy.
Apr 20, 2021House committee actions
Referred 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.
Apr 19, 2021House floor actions
Referred 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.
Apr 19, 2021House floor actions
Introduced in House
Apr 19, 2021Library of Congress
Introduced in House
Apr 19, 2021Library of Congress