US SB1406 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on June 22 2017 - 25% progression, died in committee
Action: 2017-06-22 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 22 2017 - 25% progression, died in committee
Action: 2017-06-22 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
United States Green Bank Act of 2017 Official Titles Official Titles - Senate Official Titles as Introduced 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. 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.
Title
United States Green Bank Act of 2017 Official Titles Official Titles - Senate Official Titles as Introduced 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.
Sponsors
Sen. Christopher Murphy [D-CT] | Sen. Chris Van Hollen [D-MD] | Sen. Richard Blumenthal [D-CT] | Sen. Sheldon Whitehouse [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2017-06-22 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2995 (Same As) 2017-06-23 - Referred to the Subcommittee on Energy.
Subjects
Alternative and renewable resources
Corporate finance and management
Credit and credit markets
Electric power generation and transmission
Energy
Energy efficiency and conservation
Energy storage, supplies, demand
Executive agency funding and structure
Government corporations and government-sponsored enterprises
Government lending and loan guarantees
Hybrid, electric, and advanced technology vehicles
Motor fuels
Securities
State and local finance
Corporate finance and management
Credit and credit markets
Electric power generation and transmission
Energy
Energy efficiency and conservation
Energy storage, supplies, demand
Executive agency funding and structure
Government corporations and government-sponsored enterprises
Government lending and loan guarantees
Hybrid, electric, and advanced technology vehicles
Motor fuels
Securities
State and local finance
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/1406/all-info |
Text | https://www.congress.gov/115/bills/s1406/BILLS-115s1406is.pdf |