Democrats offer green bank bills
The bill’s cost would be paid for by eliminating a tax loophole Democrats say encourages businesses to invest money overseas, according to a summary.
“Reclaiming America’s leadership in the global clean energy race of the 21st century, ensuring our nation’s long term energy independence, and tackling climate change has never been more critical than it is today,” Van Hollen said in a statement. “We can and must accomplish these vital national objectives, and creating the Green Bank will bring us one step closer to that reality.”
Sen. Chris Murphy (D-Conn.) offered similar legislation in the Senate, S. 2271, a copy of which was not immediately available.