S 3382
114th Congress
Senate
Energy
Alternative and renewable resources
Corporate finance and management
Credit and credit markets
Electric power generation and transmission
Energy efficiency and conservation
Energy storage, supplies, demand
Executive agency funding and structure
Foreign and international corporations
Government corporations and government-sponsored enterprises
Government lending and loan guarantees
Hybrid, electric, and advanced technology vehicles
Income tax deductions
Interest, dividends, interest rates
Motor fuels
Securities
State and local finance
Taxation of foreign income
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.
Introduced: September 22, 2016
Introduced by:
Murphy, Christopher
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2016
Read twice and referred to the Committee on Finance.
Sep 22, 2016
Introduced in Senate
Plain-English summary
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.
Treasury must also establish a revolving Green Bank Establishment Fund.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1