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.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 16, 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.
What just happenedMay 16, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateMay 16, 2019
- May 16, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - May 16, 2019IntroReferral10000
Introduced in Senate