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 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. Treasury must also establish a revolving Green Bank Establishment Fund.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 September 2016

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 September 2016

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 22 September 2016

  Open at official source

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