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.
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This bill establishes a U.S. Green Bank to finance climate change mitigation and adaptation projects at the state and local level by capitalizing regional, state, and municipal green banks. The Department of the Treasury must issue green bonds to provide the bank with (1) an initial capitalization of $10 billion; and (2) additional capitalization, upon the bank's request, of no more than $50 billion in aggregate at any one time. The bill also establishes in the Treasury a revolving Green Bank Establishment Fund.
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Filing registrants (1)
2020 · second_quarter · Taxation/Internal Revenue Code
H.R. 2541, Building United States Infrastructure and Leveraging Development or the BUILD Act, to amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds. S. 352, Building United States Infrastructure and Leveraging Development or the BUILD Act, a bill to amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds. Seeking introduction of legislation to remove the applicability of the Alternative Minimum Tax to private activity bonds under 26 USC Section 57(a)(5)(C)(i), Specified private activity bonds (no bill introduced). Implementation of Rev. Proc. 2018-26, to preserve the tax-advantaged status of issuers of State and local tax-exempt bonds and other tax-advantaged bonds when nonqualified uses of bond proceeds occur. H.R. 2718, Preventing Pollution through Partnerships or P3 Act, to amend the Internal Revenue Code of 1986 to include green infrastructure bonds in the definition of qualified private activity bonds. S. 2866, Rural Broadband Financial Flexibility Act, to amend the Internal Revenue Code of 1986 to allow private activity bonds to be used for qualified broadband projects and to provide for tax credit payments to issuers of tax-exempt bonds used to finance broadband infrastructure projects. H.R. 3423, National Green Bank Act of 2019, 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. S. 1528, 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. S. 932, Public Buildings Renewal Act of 2019, a bill to amend the Internal Revenue Code of 1986 to provide for the tax-exempt financing of certain government-owned buildings. H.R 1251, Public Buildings Renewal Act of 2019, a bill to amend the Internal Revenue Code of 1986 to provide for the tax-exempt financing of certain government-owned buildings. S. 146, Move America Act of 2019, a bill to amend the Internal Revenue Code of 1986 to provide for Move America bonds and Move America credits. H.R. 1508, Move America Act of 2019, a bill to amend the Internal Revenue Code of 1986 to provide for Move America bonds and Move America credits. H.R. 2, Investing in a New Vision for the Environment and Surface Transportation in America or the INVEST in America Act, to authorize funds for Federal-aid highways, highway safety programs, and transit programs, Division M, Title I, Subtitle A-Bond Financing Enhancements, Sec. 90101, Credit to issuer for certain infrastructure bonds, as well as Sec. 90109, Qualified highway or surface freight transfer facility bonds. Department of the Treasury, Internal Revenue Service Notice of Proposed Rulemaking 84 Fed. Reg. 47,191 (September 9, 2019), concerning the application of the all events test for taxpayers using an accrual method of accounting to recognize an item of gross income (or a portion thereof) under 26 CFR section 451(b) following enactment of section 13221 of the Tax Cuts and Jobs Act of 2017, (Public Law 115-97).
Read twice and referred to the Committee on Finance.
Introduced in Senate
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Sources: Congress.gov
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Government targets: Defense, Dept of (DOD), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Economic Council (NEC), Navy, Dept of, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
| Democratic |
| CT |
| Richard J. Durbin | Democratic | IL |
| Sheldon Whitehouse | Democratic | RI |