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United States · Bill · S

S. 1406 (115th)

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.

referredUnited States· United States Congress· EN

Introduced

22 June 2017

Last action

22 June 2017 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Murphy, Christopher [D-CT], Sen. Van Hollen, Chris [D-MD], Sen. Blumenthal, Richard [D-CT], Sen. Whitehouse, Sheldon [D-RI]

Subjects

Energy

Source updated

21 January 2026

Energy

Summary

This bill establishes a U.S. Green Bank that provides financial support to assist regional, state, and local institutions finance: (1) clean energy (e.g., solar or wind energy) projects, or (2) energy efficiency projects that reduce energy use or substantially reduce greenhouse gas emissions. 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 22 June 2017

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 22 June 2017

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 22 June 2017

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 22 June 2017

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 22 June 2017

    Open at official source

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Sponsors

Related records

Sources

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