Expand public financing and private investment in clean energy, clean transportation, and climate-affected communities through the National Climate Bank.

I have introduced the National Climate Bank of 2019. Establishing the bank will serve as an important implementation tool to achieve this goal by publicly financing and stimulating private investments in clean, renewable energy projects, clean transportation, and support communities most effected by climate change.

Commits to a climate bank that finances clean-energy and transportation projects.

Environment & Climate Change | Congresswoman Debbie Dingell
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This legislation would establish an independent non-profit accelerator fund capitalized with $100 billion of federal funds spread over a six-year period to bolster and expand a robust clean energy workforce and invest in infrastructure projects. It would provide financing to eligible regional, state and local green banks, make investments directly into projects that reduce carbon emissions, support workers and communities negatively impacted by the climate transition, and provide technical assistance for the start up of new green banks around the United States. It also would require that 40 percent of all investments be directed into disadvantaged communities facing climate impacts.

Dingell highlighted her Clean Energy and Sustainability Accelerator proposal to provide $100 billion for clean energy financing, emissions-reducing infrastructure, green banks, worker and community support, and disadvantaged communities.

Dingell Climate & Environmental Policies Included in CLEAN Future Act | Congresswoman Debbie Dingell
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I’m proud to have helped author and pass the Greenhouse Gas Reduction Fund and look forward to continuing to invest in the most impactful and urgent projects to reach our climate and environmental justice goals

Dingell said she would continue investing through the Greenhouse Gas Reduction Fund/National Climate Bank framework in high-impact climate and environmental justice projects.

Dingell, Van Hollen, Markey Join Administration in Announcing Funding Launch of the National Climate Bank Network, Providing $20 Billion to Spur Clean Energy Projects Nationwide | Congresswoman Debbie Dingell
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“The Clean Energy and Sustainability Accelerator... would establish an independent non-profit accelerator fund capitalized with $100 billion of federal funds spread over a six-year period to bolster and expand a robust clean energy workforce and invest in infrastructure projects.”

The release describes Dingell-backed legislation to create a federally capitalized clean energy financing accelerator investing in infrastructure, green banks, workers, and disadvantaged communities.

Dingell Climate & Environmental Policies Included in CLEAN Future Act | Congresswoman Debbie Dingell
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H.R.5416 - 116th Congress (2019-2020): National Climate Bank Act

The Congress.gov bill page documents Dingell's National Climate Bank Act, a legislative vehicle to create a national climate bank supporting clean energy, clean transportation, and climate-related investment.

H.R.5416 - 116th Congress (2019-2020): National Climate Bank Act | Congress.gov | Library of Congress
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Today, Congresswoman Debbie Dingell (D-MI) introduced legislation establishing a National Climate Bank to publicly finance and stimulate private investment in clean, renewable energy and emissions reduction projects. The National Climate Bank will use public capital to stimulate private investment in a range of projects to reduce greenhouse gas emissions and accelerate the nation’s clean economy transition across many sectors. It will be funded with $35 billion over six years, in an effort to mobilize up to $1 trillion in private investment.

Dingell introduced and promoted legislation to establish a federally funded National Climate Bank using $35 billion over six years to mobilize private investment in clean energy, clean transportation, emissions reductions, and climate-affected communities.

Dingell Leads House Bill to Establish a National Climate Bank to Finance the Clean Economy Transition | Congresswoman Debbie Dingell
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These awards are making clean energy financing accessible to low-income and underserved communities that have for far too long carried the brunt of environmental pollution, helping us attack the climate crisis head on and creating jobs while lowering energy costs. These investments will fund projects that otherwise would not have been possible, and will mobilize nearly seven times as much in private capital. I’m proud to have helped author and pass the Greenhouse Gas Reduction Fund and look forward to continuing to invest in the most impactful and urgent projects to reach our climate and environmental justice goals,” said Congresswoman Debbie Dingell (MI-06).

Dingell said she would continue investing through the Greenhouse Gas Reduction Fund in impactful climate and environmental justice projects, including clean-energy financing for underserved communities that mobilizes private capital.

Biden-Harris Administration Announces $20 Billion in Grants to Mobilize Private Capital and Deliver Clean Energy and Climate Solutions to Communities Across America | US EPA
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Rep. Debbie Dingell introduced H.R. 5416, the National Climate Bank Act. Congress.gov summarizes the bill as establishing a nonprofit National Climate Bank to finance renewable energy projects, industrial decarbonization, climate resilient infrastructure, zero-emission fleets, and similar projects. The bill status on Congress.gov remained Introduced.

Dingell proposed the National Climate Bank, but the bill did not advance beyond introduction in the 116th Congress.

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H.R.5416 - 116th Congress (2019-2020): National Climate Bank Act | Congress.gov | Library of Congress
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Dingell's office said she introduced legislation establishing a National Climate Bank to publicly finance and stimulate private investment in clean, renewable energy and emissions reduction projects, including clean transportation and communities most affected by climate change.

Official campaign-style messaging shows Dingell actively advanced the National Climate Bank concept and its financing goals.

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Dingell Leads House Bill to Establish a National Climate Bank to Finance the Clean Economy Transition | Congresswoman Debbie Dingell
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Congress.gov shows H.R. 5376 became Public Law No. 117-169 on August 16, 2022. The law is the Inflation Reduction Act, which enacted the Greenhouse Gas Reduction Fund and related climate-finance provisions rather than a standalone National Climate Bank.

The financing idea reached law through the Inflation Reduction Act, but via a different statutory vehicle than the named National Climate Bank.

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Text - H.R.5376 - 117th Congress (2021-2022): Inflation Reduction Act of 2022 | Congress.gov | Library of Congress
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EPA announced selections for $20 billion in grant awards under the Greenhouse Gas Reduction Fund's National Clean Investment Fund and Clean Communities Investment Accelerator. EPA said these programs will create a national clean financing network for clean energy and climate solutions and mobilize private capital, including benefits for low-income and disadvantaged communities.

The federal climate-finance structure envisioned by Dingell was operationalized through EPA grant programs that leverage public money to attract private capital.

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Biden-Harris Administration Announces $20 Billion in Grants to Mobilize Private Capital and Deliver Clean Energy and Climate Solutions to Communities Across America | US EPA
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Dingell's office stated that funding from the Greenhouse Gas Reduction Fund stems from National Climate Bank provisions authored by Dingell, Van Hollen, and Markey and included within the Inflation Reduction Act. The release says the funding launch would spur clean energy projects nationwide and catalyze private investment.

Dingell publicly tied the enacted GGRF funding to the earlier National Climate Bank proposal, indicating partial realization of the promise through IRA implementation.

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Dingell, Van Hollen, Markey Join Administration in Announcing Funding Launch of the National Climate Bank Network, Providing $20 Billion to Spur Clean Energy Projects Nationwide | Congresswoman Debbie Dingell
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EPA said it obligated $27 billion in Greenhouse Gas Reduction Fund grants and that the National Clean Investment Fund, Clean Communities Investment Accelerator, and Solar for All together will create a national financing network for clean energy and climate solutions across the country.

By 2024, the federal government had launched and funded the clean-finance network that resembles the proposed National Climate Bank model.

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EPA Awards $27B in Greenhouse Gas Reduction Fund Grants to Accelerate Clean Energy Solutions, Combat the Climate Crisis, and Save Families Money | US EPA
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