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Climate Change Resiliency Fund: Investments for Safety and Infrastructure

This act establishes a Climate Change Resiliency Fund to finance projects protecting communities from climate change impacts. Citizens may experience improved infrastructure safety, better disaster protection, and support for communities most vulnerable to climate change. The fund will be financed through special government obligations.
Key points
A Climate Change Resiliency Fund will be established to support adaptation projects, such as strengthening infrastructure, improving disaster response, and protecting ecosystems.
At least 40% of the Fund's resources will be allocated to projects in communities most affected by climate change, including low-income and minority communities.
The act creates a Climate Change Advisory Commission to develop project guidelines and ensure community involvement.
The Fund will be financed by special government obligations, which will be exempt from local taxes.
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Additional Information
Print number: 117_HR_2013
Sponsor: Rep. Deutch, Theodore E. [D-FL-22]
Process start date: 2021-03-18