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HR 3423 116th Congress House

National Green Bank Act of 2019

Official title: 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: June 27, 2019 Introduced by: Himes, James A. Democratic · Connecticut See on congress.gov
Energy Agricultural conservation and pollutionAgricultural practices and innovationsAir qualityAlternative and renewable resources
More subjectsShow fewer subjects
Climate 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
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 2019
Referred to the Subcommittee on Energy.
Jun 21, 2019
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.
Jun 21, 2019
Introduced in House
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 Latest action June 24, 2019

Referred to the Subcommittee on Energy.

 Plain-English summary Congressional Research Service

National Green Bank Act of 2019

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.

 Related & companion bills 1
  • S 1528 Related bill A bill to amend title 31, United States Code, to provide for the issuance of Green Bonds and to establish the United St…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 16
All 16 Democratic 9
D
Sherrill, Mikie
New Jersey · Oct 4, 2019
 D
Crow, Jason
Colorado · Sep 24, 2019
 D
Slotkin, Elissa
Michigan · Sep 13, 2019
 D
Brownley, Julia
California · Jun 27, 2019
Blumenauer, Earl
· Jun 21, 2019
Cartwright, Matt
· Jun 21, 2019
 D
Connolly, Gerald E.
Virginia · Jun 21, 2019
 D
Courtney, Joe
Connecticut · Jun 21, 2019
DOYLE, MIKE
· Jun 21, 2019
Eshoo, Anna
· Jun 21, 2019
 D
Matsui, Doris O.
California · Jun 21, 2019
 D
McGovern, James P.
Massachusetts · Jun 21, 2019
 D
Meeks, Gregory W.
New York · Jun 21, 2019
 D
Peters, Scott H.
California · Jun 21, 2019
 D
Tonko, Paul
New York · Jun 21, 2019
Yarmuth, John
· Jun 21, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3423: National Green Bank Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-3423/
MLA
"H.R. 3423: National Green Bank Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-3423/.
Bluebook (legal)
H.R. 3423, 116th Cong. (2026), https://openamerica.io/bill/116-HR-3423/.
Markdown link
[H.R. 3423: National Green Bank Act of 2019](https://openamerica.io/bill/116-HR-3423/)
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