S. 283: National Climate Bank Act

117th Congress · introduced 2021-02-08 · Environmental Protection · Latest: Committee on Environment and Public Works Senate Subcommittee on Clean Air, Climate, and Nuclear Safety. Hearings held. With printed Hearing: S.Hrg. 117-21.

federal

Follow this bill, step by step

Where it came from: introduced 2021-02-08 · official record
Who proposed it: Sen. Markey, Edward J. [D-MA] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Committee on Environment and Public Works Senate Subcommittee on Clean Air, Climate, and Nuclear Safety. Hearings held. With printed Hearing: S.Hrg. 117-21. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

National Climate Bank Act

Plain summary

National Climate Bank Act This bill establishes and capitalizes a National Climate Bank. The independent, nonprofit bank must invest in clean energy technologies and infrastructure to reduce greenhouse gas emissions. The national bank's investments and procurements division must seek to facilitate affordable investment and procurement, including in low-income communities and communities of color, in key project areas (e.g., renewable energy or climate resiliency measures). The national bank's start-up division must support the creation of new green banks by states or other political subdivisions. The new banks must be public or nonprofit specialized finance entities that use finance tools to mitigate climate change. The national bank may provide financing for such entities. In addition, the bank must explore the establishment of a cash for carbon program to remove greenhouse gas emissions from the power system. The program may use market mechanisms to expedite the retirement of carbon-intensive power generation facilities (e.g., coal-fired power generation facilities), acquire carbon assets for the purpose of reducing emissions, and invest in communities negatively affected by the loss of those facilities or assets.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

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What does this mean? (plain words)

Official text

National Climate Bank Act

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Markey, Edward J. [D-MA] · 7 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Chris Van Hollen (D-MD), Richard Blumenthal (D-CT), Brian Schatz (D-HI), Martin Heinrich (D-NM), Cory A. Booker (D-NJ), Elizabeth Warren (D-MA)

Sponsor's campaign money: Sen. Markey, Edward J. [D-MA] reported raising $6.0 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117s283.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/s>

Record fed-us-cong117-s283 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117