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Bill > HR806


US HR806

US HR806
Clean Energy and Sustainability Accelerator Act


summary

Introduced
02/04/2021
In Committee
03/03/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To establish a Clean Energy and Sustainability Accelerator, and for other purposes.

AI Summary

This bill establishes the Clean Energy and Sustainability Accelerator, a nonprofit organization that will be responsible for providing financing support and technical assistance to accelerate the deployment of low- and zero-emission technologies and processes in the United States. The Accelerator will have a finance and investment division to directly finance and invest in qualified projects or provide capital to state, territorial, and local green banks. The bill also establishes a Start-up Division to provide assistance to states and local jurisdictions that do not have green banks. The Accelerator is required to prioritize projects that serve climate-impacted communities and maximize emissions reductions per dollar invested. The Accelerator will be overseen by a Board of Directors and is subject to external oversight by the Department of Energy's Inspector General.

Committee Categories

Agriculture and Natural Resources, Budget and Finance, Business and Industry, Transportation and Infrastructure

Sponsors (15)

Last Action

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. (on 03/03/2021)

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