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US Green Bank Act: Clean Energy Investment and Job Creation.

This act establishes the United States Green Bank to financially support clean energy and climate protection projects at the local level. The goal is to lower energy costs, create new jobs, and facilitate access to financing for lower-income families through investments in renewable energy and energy efficiency.
Key points
Creation of the US Green Bank with an initial capital of $10 billion to financially support environmental projects.
The Bank will provide loans and financial guarantees to local clean energy financing institutions, not directly to individual projects.
The aim is to accelerate investments in renewable energy, improve energy efficiency, and create long-term jobs.
The act seeks to help lower energy costs for citizens and provide affordable financing for low- and moderate-income families.
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Expired
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Additional Information
Print number: 117_S_1208
Sponsor: Sen. Murphy, Christopher [D-CT]
Process start date: 2021-04-19
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill 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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1208.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-19.

What are the main provisions?

Key points include:

  • Creation of the US Green Bank with an initial capital of $10 billion to financially support environmental projects.
  • The Bank will provide loans and financial guarantees to local clean energy financing institutions, not directly to individual projects.
  • The aim is to accelerate investments in renewable energy, improve energy efficiency, and create long-term jobs.
  • The act seeks to help lower energy costs for citizens and provide affordable financing for low- and moderate-income families.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Murphy, Christopher [D-CT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Environment Public Investments Economy