US HB3423 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 18-0)
Status: Introduced on June 21 2019 - 25% progression
Action: 2019-06-21 - Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

National Green Bank Act of 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.

Tracking Information

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Title

National Green Bank Act of 2019

Sponsors


History

DateChamberAction
2019-06-21HouseReferred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-06-21HouseReferred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-06-21HouseIntroduced in House

Same As/Similar To

SB1528 (Related) 2019-05-16 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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