Climate Resilience Fund: Investing in Infrastructure and Protecting Vulnerable Communities.
This Act establishes the Climate Change Resiliency Fund, financed by new federal obligations, to fund projects that protect critical infrastructure (energy, transport, water) from climate change impacts. At least 40% of the funds must be directed to communities disproportionately affected, such as low-income and environmental justice communities, enhancing their safety and public health. Furthermore, all construction projects must adhere to prevailing wage standards.
Key points
Creation of a Fund dedicated to protecting local infrastructure (roads, water, energy) against extreme weather events (floods, droughts, fires).
Mandatory priority funding (at least 40%) for communities most impacted by climate change, including low-income and environmental justice areas.
Introduction of new federal climate change obligations (bonds) exempt from state and local taxes, serving as the funding source.
Requirement for all workers on funded projects to be paid prevailing wages (Davis-Bacon Act).
Expired
Citizen Poll