Bill Proposes 'Green Bank' To Finance Cleaner Energy

Law360, New York (March 26, 2009, 12:00 AM EDT) -- A group of Democrats has introduced a bill in the U.S. House of Representatives that would create a new, independent “Green Bank” to finance cleaner energy projects in the United States.

Rep. Christopher Van Hollen, D-Md., introduced the Green Bank Act of 2009 on the House floor on Tuesday. The bill, co-sponsored by four other Democrats, aims to wean the U.S. from dependency on foreign energy, reduce the impact of climate change, ease the transition to a carbon-neutral economy and create green jobs.

The new bank...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.