S 1208
117th Congress
Senate
Energy
Agricultural conservation and pollution
Agricultural practices and innovations
Air quality
Alternative and renewable resources
Climate change and greenhouse gases
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
Forests, forestry, trees
Government corporations and government-sponsored enterprises
Government lending and loan guarantees
Hybrid, electric, and advanced technology vehicles
Land use and conservation
Motor fuels
Public transit
Regional and metropolitan planning
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: April 19, 2021
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
Apr 19, 2021
Read twice and referred to the Committee on Finance.
Apr 19, 2021
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1