Bill Sponsor
Senate Bill 1208
117th Congress(2021-2022)
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
Introduced
Introduced in Senate on Apr 19, 2021
Overview
Text
Introduced
Apr 19, 2021
Latest Action
Apr 19, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1208
Congress
117
Policy Area
Energy
Energy
Primary focus of measure is all sources and supplies of energy, including alternative energy sources, oil and gas, coal, nuclear power; efficiency and conservation; costs, prices, and revenues; electric power transmission; public utility matters.
Sponsorship by Party
Democrat
Connecticut
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
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.

Text (1)
April 19, 2021
Actions (2)
04/19/2021
Read twice and referred to the Committee on Finance.
04/19/2021
Introduced in Senate
Public Record
Record Updated
Mar 8, 2023 8:12:49 PM