3.0.0 283 2023-01-11T13:46:37Z 2023-01-11T13:46:37Z Senate S 2021-02-08 117 ssev00 Environment and Public Works Committee Senate Standing ssev10 Clean Air and Nuclear Safety Subcommittee Hearings by 2021-04-27T20:24:41Z Referred to 2021-02-08T22:44:38Z 2021-04-27 ssev10 Clean Air and Nuclear Safety Subcommittee Senate Committee on Environment and Public Works Senate Subcommittee on Clean Air, Climate, and Nuclear Safety. Hearings held. With printed Hearing: S.Hrg. 117-21. Committee 2021-02-08 ssev00 Environment and Public Works Committee Senate Read twice and referred to the Committee on Environment and Public Works. IntroReferral 2021-02-08 Introduced in Senate IntroReferral 10000 9 Library of Congress M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. N V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2021-02-08 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2021-02-08 True S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2021-02-08 True H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. 2021-02-08 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2021-02-24 False B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2021-06-16 False W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2021-07-22 False Environmental Protection Advisory bodies Air quality Alternative and renewable resources Business investment and capital Climate change and greenhouse gases Community life and organization Consumer credit Credit and credit markets Electric power generation and transmission Energy efficiency and conservation Energy storage, supplies, demand Environmental health Environmental regulatory procedures Environmental technology Financial services and investments Forests, forestry, trees Hybrid, electric, and advanced technology vehicles Industrial facilities Labor standards Labor-management relations Poverty and welfare assistance Public contracts and procurement Public transit Public utilities and utility rates Rural conditions and development Social work, volunteer service, charitable organizations Transportation costs Wages and earnings Water quality Water use and supply Environmental Protection 00 2021-02-08 Introduced in Senate 2021-04-10T14:57:14Z National Climate Bank Act

This bill establishes and capitalizes a National Climate Bank. The independent, nonprofit bank must invest in clean energy technologies and infrastructure to reduce greenhouse gas emissions.

The national bank's investments and procurements division must seek to facilitate affordable investment and procurement, including in low-income communities and communities of color, in key project areas (e.g., renewable energy or climate resiliency measures).

The national bank's start-up division must support the creation of new green banks by states or other political subdivisions. The new banks must be public or nonprofit specialized finance entities that use finance tools to mitigate climate change. The national bank may provide financing for such entities.

In addition, the bank must explore the establishment of a cash for carbon program to remove greenhouse gas emissions from the power system. The program may use market mechanisms to expedite the retirement of carbon-intensive power generation facilities (e.g., coal-fired power generation facilities), acquire carbon assets for the purpose of reducing emissions, and invest in communities negatively affected by the loss of those facilities or assets.

]]> National Climate Bank Act Display Title National Climate Bank Act Official Title as Introduced A bill to establish a National Climate Bank. Introduced in Senate IS Short Title(s) as Introduced National Climate Bank Act Introduced in Senate IS Introduced in Senate 2021-02-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s283is/xml/BILLS-117s283is.xml 2021-04-27 Committee on Environment and Public Works Senate Subcommittee on Clean Air, Climate, and Nuclear Safety. Hearings held. With printed Hearing: S.Hrg. 117-21. 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.