Green Banking Act
Latest action · Dec 4, 2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedDec 4, 2017
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Green Banking Act
This bill amends the Bank Holding Company Act of 1956 to allow bank holding companies to own up to 20% of companies engaged solely in producing or storing renewable energy power, such as wind and solar power. This allowance terminates 30 years after enactment of this bill unless Congress enacts a joint resolution of approval.
This bill amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to require both the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to develop underwriting guidelines for financing residential solar energy systems to facilitate the secondary market for mortgages on housing with such systems for low- and moderate-income households.
The Federal Housing Finance Agency must identify ways to increase the financing for residential solar energy system property improvements in underserved markets.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Dec 4, 2017 |
Actions 2
Everything that happened, newest first.
- Dec 4, 2017Introduced in Senate
- Dec 4, 2017Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to promote investments in renewable energy and consumer loans for residential solar energy systems.
- Short Titles as Introduced
- Green Banking Act
Subjects
Assigned by the Library of Congress. Policy area: Energy.
Text 1
Each version as it was printed, newest first.
- Dec 4, 2017Introduced in Senate
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.
