To authorize United States participation in, and appropriations for the United States contribution to, an international clean technology fund, and for other purposes.
Latest action · Sep 26, 2008 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 26, 2008
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Bretton Woods Agreements Act to authorize the Secretary of the Treasury to contribute to a Clean Technology Fund to promote accelerated deployment in developing countries of technologies designed to reduce greenhouse gas emissions.
Requires that such Fund be established and administered by the International Bank for Reconstruction and Development (IBRD).
Prohibits the Fund from providing more than approximately 15% of Fund resources to any one country. Sets forth requirements for a country to be eligible for support from the Fund, which shall be used to cover the incremental costs of deploying clean energy technologies that result in substantial and additional reductions from baseline greenhouse gas emissions.
Prohibits the Fund from providing support for any new coal-fired electricity generation facility unless certain requirements are met.
Requires transparency in all aspects of the governance of the Fund.
Directs the Secretary to: (1) direct the U.S. representative to oppose any proposal that would result in the Fund failing to meet the requirements of this Act; (2) encourage all the multilateral development banks to apply environmental assessment procedures in their consideration of Fund proposals; and (3) ensure that the Fund complements the International Clean Energy Foundation.
Amends the the International Financial Institutions Act to direct the Secretary to seek to ensure that multilateral development banks: (1) adopt and implement greenhouse gas accounting in analyzing the benefits and costs of all projects for which bank funding is sought; and (2) expand their activities supporting climate change mitigation.
Cosponsors 3
Members who signed on, in the order they did. All signed on Sep 26, 2008.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Barney Frank | Original | Sep 26, 2008 |
| R-CT | Christopher Shays | Original | Sep 26, 2008 |
| D-NY | Steve Israel | Original | Sep 26, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Sep 26, 2008 |
Actions 2
Everything that happened, newest first.
- Sep 26, 2008Introduced in House
- Sep 26, 2008Referred to the House Committee on Financial Services.
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To authorize United States participation in, and appropriations for the United States contribution to, an international clean technology fund, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Accounting and auditing
- Advanced technology and technological innovations
- Air quality
- Climate change and greenhouse gases
- Coal
- Electric power generation and transmission
- Energy efficiency and conservation
- Environmental assessment, monitoring, research
- Environmental technology
- Foreign aid and international relief
- International Affairs
- Multilateral development programs
- Technology transfer and commercialization
Text 1
Each version as it was printed, newest first.
- Sep 26, 2008Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
