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.

HB 2995 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

US Congress 115th Congress

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.
HB-2995


About HB-2995

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.

  

Bill Texts

Introduced 06/29/2017

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History

Referred To The Subcommittee On Health.

06/23/2017

Referred To The Subcommittee On Energy.

06/23/2017

Introduced In House

06/22/2017

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.

06/22/2017