Bill > S2374

This bill establishes the Climate Change Resiliency Fund for America Act of 2025, which creates a Climate Change Advisory Commission and a Climate Change Resiliency Fund to address climate change adaptation and resilience. The 11-member Commission, appointed by various congressional leaders and the President, will develop recommendations and guidelines for federal investments in infrastructure and climate adaptation projects. The bill establishes a fund in the Treasury that will be primarily financed through federal obligations, with at least 40% of funds specifically dedicated to supporting communities disproportionately impacted by climate change, such as environmental justice, frontline, and low-income communities. Eligible entities like federal agencies, state and local governments, tribal governments, and nonprofits can apply for project funding to support climate adaptation efforts, such as improving infrastructure resilience, protecting food and water supplies, reducing risks from extreme weather, and addressing potential health and ecosystem impacts. The bill requires applicants to provide at least 25% matching funds, with waivers possible for disadvantaged communities, and includes provisions for fair labor standards and promotion of the climate change obligations. The Commission is set to operate for 20 years, with an annual obligation limit of $200 million, potentially increasing to $800 million if initial obligations are fully purchased.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/2374/all-info