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.

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.

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Timeline

1. 16 May 2019

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 16 May 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 16 May 2019 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 16 May 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 16 May 2019

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 16 May 2019

  Open at official source

Sponsors

• Christopher Murphy · D · Sponsor
• Chris Van Hollen · D · Sponsor
• Sheldon Whitehouse · D · Sponsor
• Richard Blumenthal · D · Sponsor
• Edward Markey · D · Sponsor
• Sen. Stabenow, Debbie [D-MI] · D · Cosponsor
• Richard Durbin · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → 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.
• related to ← National Green Bank Act of 2019