S 2057
National Climate Bank Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill establishes the National Climate Bank, a new federal financial institution designed to combat climate change. The bank will provide financing for clean technology projects, conduct low-cost procurements to reduce emissions, and support green banks. It also aims to enable low- and moderate-income communities to benefit from climate-friendly investments and create a ‘cash for carbon’ program to incentivize the retirement of carbon-intensive power plants. The bill establishes a board of directors, risk management committees, and outlines the bank’s purpose and operations.
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Primary sponsor
Cosponsors
Kamala D. Harris
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