H.R.3423 - National Green Bank Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. Himes, James A. [D-CT-4] (Introduced 06/21/2019)|
|Committees:||House - Ways and Means; Energy and Commerce|
|Latest Action:||House - 06/24/2019 Referred to the Subcommittee on Energy. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.3423 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (06/21/2019)
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.