Clean Energy and Sustainability Accelerator Act

Bill: 117-hr-806
Sponsor: Rep. Dingell, Debbie [D-MI-12]
Introduced: 2021-02-04 in the House
Policy area: Energy
Subjects: Agricultural conservation and pollution
Air quality
Alternative and renewable resources
Banking and financial institutions regulation
Business investment and capital
Climate change and greenhouse gases
Credit and credit markets
Electric power generation and transmission
Energy efficiency and conservation
Environmental technology
Financial services and investments
Forests, forestry, trees
Hybrid, electric, and advanced technology vehicles
Industrial facilities
Solid waste and recycling
Tax-exempt organizations
Technology transfer and commercialization

Summary:
action_date: 2021-02-04
text: 

Clean Energy and Sustainability Accelerator Act

 
This bill establishes and capitalizes a Clean Energy and Sustainability Accelerator. The independent, nonprofit accelerator must invest in clean energy technologies and infrastructure to reduce greenhouse gas emissions. 
 
The accelerator must make capital available to state, territorial, or local green banks. The banks must be public or nonprofit specialized finance entities that use finance tools to mitigate climate change. The accelerator may also provide technical assistance and funding to states and other political subdivisions that do not have green banks to establish such banks.
 
When investing in projects that mitigate greenhouse gas emissions, the accelerator must prioritize investments that serve climate-impacted communities (e.g., communities of color or low-income communities).
 
In addition, the accelerator must explore the establishment of a program to provide low-interest and zero-interest loans, up to 30 years in length, to any school, metropolitan planning organization, or nonprofit organization seeking financing for the acquisition of zero-emissions vehicle fleets or associated infrastructure.
 
Finally, the accelerator must explore the establishment of an accelerated clean energy transition program to (1) expedite the transition within the power sector to zero-emissions power generation facilities or assets, and (2) invest in local economic development in communities affected by this transition away from carbon-intensive facilities or assets.


Legislative actions:
action_date: 2021-03-03
text: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
action_date: 2021-02-05
text: Referred to the Subcommittee on Highways and Transit.
action_date: 2021-02-05
text: Referred to the Subcommittee on Energy.
action_date: 2021-02-04
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2021-02-04
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2021-02-04
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2021-02-04
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, Transportation and Infrastructure, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2021-02-04
text: Introduced in House
action_date: 2021-02-04
text: Introduced in House