3.0.0 4522 2023-01-11T13:26:37Z 2023-01-11T13:26:37Z House H HR 2014-04-30 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. VAN HOLLEN:H.R. 4522.Congress has the power to enact this legislation pursuantto the following:``This bill is enacted pursuant to the power grantedCongress under Article I, Section 8 of the United StatesConstitution.''[Page H3364]]]> hsif00 Energy and Commerce Committee House Standing hsif03 Energy, Climate and Grid Security Subcommittee Referred to 2014-05-02T17:38:09Z Referred to 2014-04-30T14:00:28Z hswm00 Ways and Means Committee House Standing Referred to 2014-04-30T14:00:23Z A bill to establish the Green Bank to assist in the financing of qualified clean energy projects and qualified energy efficiency projects. 113 2271 S 2014-04-30 Read twice and referred to the Committee on Finance. Identical bill CRS 2014-05-02 hsif03 Energy, Climate and Grid Security Subcommittee 1 House committee actions Referred to the Subcommittee on Energy and Power. Committee 2014-04-30 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. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2014-04-30 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-04-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-04-30 Introduced in House IntroReferral 1000 9 Library of Congress V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 N B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2014-04-30 True E000293 Rep. Esty, Elizabeth H. [D-CT-5] Elizabeth Esty D CT H. 5 2014-04-30 True H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2014-04-30 True C001078 Rep. Connolly, Gerald E. [D-VA-11] Gerald Connolly D VA E. 11 2014-04-30 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2014-04-30 True S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2014-04-30 True L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2014-04-30 True M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2014-05-08 False C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 2014-05-08 False C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2014-05-08 False S000185 Rep. Scott, Robert C. "Bobby" [D-VA-3] Robert Scott D VA C. "Bobby" 3 2014-05-09 False Energy Air quality Alternative and renewable resources Bank accounts, deposits, capital Climate change and greenhouse gases Electric power generation and transmission Energy efficiency and conservation Energy storage, supplies, demand Foreign and international corporations Government corporations and government-sponsored enterprises Income tax deductions Interest, dividends, interest rates Lighting, heating, cooling Motor fuels Nuclear power Securities State and local finance Taxation of foreign income User charges and fees Energy 00 2014-04-30 Introduced in House 2014-08-28T22:21:59Z 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 in order to provide the Bank with an initial capitalization of $10 billion and to provide additional capitalization of up to $50 billion upon request of the Bank.

Requires the Bank to establish a program to provide financial support or risk management for qualifying clean energy or energy efficiency projects.

Authorizes the Bank to provide funding for low-interest loans to establish state clean energy financing institutions and to co-fund the projects with an institution.

Gives the Bank immunity from impairment, limitations, or restrictions under laws. 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.

Amends the Internal Revenue Code to limit and defer tax deduction amounts for foreign-related interest expense (i.e., interest expense allocated and apportioned to income from sources outside the United States).

]]> To establish the Green Bank to assist in the financing of qualified clean energy projects and qualified energy efficiency projects. Display Title To establish the Green Bank to assist in the financing of qualified clean energy projects and qualified energy efficiency projects. Official Title as Introduced To establish the Green Bank to assist in the financing of qualified clean energy projects and qualified energy efficiency projects. Introduced in House IH Short Titles as Introduced for portions of this bill Green Bank Act of 2014 Introduced in House 2014-04-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4522ih/xml/BILLS-113hr4522ih.xml 2014-05-02 Referred to the Subcommittee on Energy and Power. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.