S.2271: A bill to establish the Green Bank to assist in the financing of qualified clean energy projects and qualified energy efficiency projects.

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about energy
You can read the bill
Sponsor Christopher S. Murphy, D-Conn.
Total Cosponsors 1 (All Democrats)
Introduced April 30, 2014
Latest Major Action April 30, 2014
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

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 sp...

(Source: Congressional Research Service)

Bill Actions

Date Description
April 30, 2014 Read twice and referred to the Committee on Finance.