US Congress Senate Bill 1528 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on May 16 2019 - 25% progression, died in committee
Action: 2019-05-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

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.

Sen. Christopher Murphy [D-CT]	Sen. Chris Van Hollen [D-MD]	Sen. Sheldon Whitehouse [D-RI]	Sen. Richard Blumenthal [D-CT]
Sen. Edward Markey [D-MA]	Sen. Debbie Stabenow [D-MI]	Sen. Richard Durbin [D-IL]

Date	Chamber	Action
2019-05-16	Senate	Read twice and referred to the Committee on Finance.

HB3423 (Related) 2019-06-24 - Referred to the Subcommittee on Energy.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/1528/all-info
Text	https://www.congress.gov/116/bills/s1528/BILLS-116s1528is.pdf