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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced for portions of this bill
  • Green Bank Act of 2009

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To establish the Green Bank to assist in the financing of qualified clean energy projects and qualified energy efficiency projects.

Actions Overview (1)

Date Actions Overview
03/24/2009Introduced in House

All Actions (5)

Date All Actions
03/25/2009Referred to the Subcommittee on Energy and Environment.
Action By: Committee on Energy and Commerce
03/24/2009Referred to House Energy and Commerce
Action By: House of Representatives
03/24/2009Referred to House Ways and Means
Action By: House of Representatives
03/24/2009Referred 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.
Action By: House of Representatives
03/24/2009Introduced in House
Action By: House of Representatives

Cosponsors (5)

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Ways and Means03/24/2009 Referred to
House Energy and Commerce03/24/2009 Referred to
House Energy and Commerce Subcommittee on Energy and Environment03/25/2009 Referred to

No related bill information was received for H.R.1698.

Latest Summary (1)

There is one summary for H.R.1698. View summaries

Shown Here:
Introduced in House (03/24/2009)

Establishes the Green Bank as a federally owned independent corporation with a 20-year charter. Requires the Secretary of the Treasury to issue Green Bonds to acquire the Bank's capital stock.

Requires the Bank to establish a program to provide, on a competitive basis, loans, loan guarantees, debt securitization, insurance, portfolio insurance, and other forms of financing support or risk management for qualifying clean energy or energy efficiency projects. Sets forth requirements for the provision of financial support from the Bank.

Requires the Bank to assess reasonable fees on its activities to cover its costs and expenses, provided the Bank operates as a not-for-profit.

Gives the Bank immunity from impairment, limitations, or restrictions by or under laws and administrative or other action. Authorizes the Bank to conduct its business without regard to state law relating to incorporation.

Exempts the Bank from all state or local taxation except real property taxation.

Requires the Chief Executive Officer of the Bank to set forth spending safeguards, including: (1) deobligating financial support to entities that demonstrate an insufficient level of performance or wasteful or fraudulent spending; and (2) creating a publicly available online database with information about financing support or risk management.