WASHINGTON – Rep. Chris Van Hollen has introduced a bill that would create a federal green bank to provide loans and loan guarantees to help regional, state and local green banks finance clean energy and energy efficiency projects.

"This legislation will provide state and local green banks the support they need to jump-start innovative renewable energy and energy efficiency projects," the Democrat from Maryland, who is running for a U.S. Senate seat, said, in introducing the bill late last month. "Action to prevent the most harmful impacts of climate change is long overdue, and the creation of a national green bank is one way we can build a 21st century clean energy economy that spurs growth in industries that create more good-paying American jobs."

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