,,ii #aafth ,,congress #ast ,session ,s4 #gfc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #ab1 #bjai ,mr4 ,durbin introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to establish the ,climate ,change ,advisory ,commission to develop recommendations1 frameworks1 and guidelines for projects to respond to the impacts of climate change1 to issue ,federal obligations1 the proceeds of which shall be used to fund projects that aid in adaptation to climate change1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,climate ,change ,resiliency ,fund for ,america ,act of #bjai4 7b7 ,table of contents ,sec4 #a4 ,short title2 table of contents4 ,sec4 #b4 ,definitions4 ,title ,i--,climate ,change ,advisory ,commission ,sec4 #aja4 ,establishment of ,climate ,change ,advisory ,commission4 ,sec4 #ajb4 ,duties4 ,sec4 #ajc4 ,commission personnel matters4 ,sec4 #ajd4 ,funding4 ,sec4 #aje4 ,termination4 ,title ,,ii--,climate ,change ,resiliency ,fund ,sec4 #bja4 ,climate ,change ,resiliency ,fund4 ,sec4 #bjb4 ,compliance with ,davis-,bacon ,act4 ,sec4 #bjc4 ,funding4 ,title ,,iii--,revenue ,sec4 #cja4 ,climate change obligations4 ,sec4 #cjb4 ,promotion4 #b4 ,definitions ,except as otherwise provided1 in this ,act3 7#a7 ,commission ,the term ,commission means the ,climate ,change ,advisory ,commission established by section #aja7;a74 7#b7 ,fund ,the term ,fund means the ,climate ,change ,resiliency ,fund established by section #bja7;a77#a74 7#c7 ,qualified climate change adaptation purpose 7,a7 ,in general ,the term qualified climate change adaptation purpose means an objective with a demonstrated intent to reduce the economic1 social1 and environmental impact of the adverse effects of climate change4 7,b7 ,inclusions ,the term qualified climate change adaptation purpose includes-- 7i7 infrastructure resiliency and mitigation2 7ii7 improved disaster response2 and 7iii7 ecosystem protection4 7#d7 ,secretary ,the term ,secretary means the ,secretary of ,commerce4 ,i ,climate ,change ,advisory ,commission #aja4 ,establishment of ,climate ,change ,advisory ,commission 7a7 ,in general ,there is established a commission to be known as the ,climate ,change ,advisory ,commission4 7b7 ,membership ,the ,commission shall be composed of #aa members-- 7#a7 who shall be selected from the public and private sectors and institutions of higher education2 and 7#b7 of whom-- 7,a7 #c shall be appointed by the ,president1 in consultation with the ,interagency ,climate ,change ,adaptation ,task ,force2 7,b7 #b shall be appointed by the ,speaker of the ,house of ,representatives2 7,c7 #b shall be appointed by the minority leader of the ,house of ,representatives2 7,d7 #b shall be appointed by the majority leader of the ,senate2 and 7,e7 #b shall be appointed by the minority leader of the ,senate4 7c7 ,terms ,each member of the ,commission shall be appointed for the life of the ,commission4 7d7 ,initial appointments ,each member of the ,commission shall be appointed not later than #ij days after the date of enactment of this ,act4 7e7 ,vacancies ,a vacancy on the ,commission-- 7#a7 shall not affect the powers of the ,commission2 and 7#b7 shall be filled in the manner in which the original appointment was made4 7f7 ,initial meeting ,not later than #cj days after the date on which all members of the ,commission have been appointed1 the ,commission shall hold the initial meeting of the ,commission4 7g7 ,meetings ,the ,commission shall meet at the call of the ,chairperson4 7h7 ,quorum ,a majority of the members of the ,commission shall constitute a quorum1 but a lesser number of members may hold hearings4 7i7 ,chairperson and ,vice ,chairperson ,the ,commission shall select a ,chairperson and ,vice ,chairperson from among the members of the ,commission4 #ajb4 ,duties ,the ,commission shall-- 7#a7 establish recommendations1 frameworks1 and guidelines for a ,federal investment program funded by revenue from climate change obligations issued under section #cja for ,states1 municipalities1 and other public entities1 including utility districts1 transit authorities1 and multistate regulatory bodies that-- 7,a7 improves and adapts energy1 transportation1 water1 and general infrastructure impacted or expected to be impacted due to climate variability2 and 7,b7 integrates best available science1 data1 standards1 models1 and trends that improve the resiliency of infrastructure systems described in subparagraph 7,a72 and 7#b7 identify categories of the most cost-effective investments and projects that emphasize multiple benefits to commerce1 human health1 and ecosystems4 #ajc4 ,commission personnel matters 7a7 ,compensation of members 7#a7 ,non-federal employees ,a member of the ,commission who is not an officer or employee of the ,federal ,government shall be compensated at a rate equal to the daily equivalent of the annual rate of basic pay prescribed for level ,,iv of the ,executive ,schedule under section #ecae of title #e1 ,united ,states ,code1 for each day 7including travel time7 during which the member is engaged in the performance of the duties of the ,commission4 7#b7 ,federal employees ,a member of the ,commission who is an officer or employee of the ,federal ,government shall serve without compensation in addition to the compensation received for the services of the member as an officer or employee of the ,federal ,government4 7b7 ,travel expenses ,a member of the ,commission shall be allowed travel expenses1 including per diem in lieu of subsistence1 at rates authorized for an employee of an agency under subchapter ,i of chapter #eg of title #e1 ,united ,states ,code1 while away from the home or regular place of business of the member in the performance of the duties of the ,commission4 7c7 ,staff 7#a7 ,in general ,the ,chairperson of the ,commission may1 without regard to the civil service laws 7including regulations71 appoint and terminate such personnel as are necessary to enable the ,commission to perform the duties of the ,commission4 7#b7 ,compensation 7,a7 ,in general ,except as provided in subparagraph 7,b71 the ,chairperson of the ,commission may fix the compensation of personnel without regard to the provisions of chapter #ea and subchapter ,,iii of chapter #ec of title #e1 ,united ,states ,code1 relating to classification of positions and ,general ,schedule pay rates4 7,b7 ,maximum rate of pay ,the rate of pay for personnel shall not exceed the rate payable for level ,v of the ,executive ,schedule under section #ecaf of title #e1 ,united ,states ,code4 #ajd4 ,funding ,the ,commission shall use amounts in the ,fund to pay for all administrative expenses of the ,commission4 #aje4 ,termination ,the ,commission shall terminate on such date as the ,commission determines after the ,commission carries out the duties of the ,commission under section #ajb4 ,,ii ,climate ,change ,resiliency ,fund #bja4 ,climate ,change ,resiliency ,fund 7a7 ,establishment 7#a7 ,in general ,there is established within the ,department of ,commerce the ,climate ,change ,resiliency ,fund4 7#b7 ,responsibility of ,secretary ,the ,secretary shall take such action as the ,secretary determines to be necessary to assist in implementing the establishment of the ,fund in accordance with this ,act4 7b7 ,climate change adaptation projects ,the ,secretary1 in consultation with the ,commission1 shall carry out a program to provide funds to eligible applicants to carry out projects for a qualified climate change adaptation purpose4 7c7 ,eligible entities ,an entity eligible to participate in the program under subsection 7b7 shall include-- 7#a7 a ,federal agency2 7#b7 a ,state or a group of ,states2 7#c7 a unit of local government or a group of local governments2 7#d7 a utility district2 7#e7 a tribal government or a consortium of tribal governments2 7#f7 a ,state or regional transit agency or a group of ,state or regional transit agencies2 7#g7 a nonprofit organization2 7#h7 a special purpose district or public authority1 including a port authority2 and 7#i7 any other entity1 as determined by the ,secretary4 7d7 ,application ,an eligible entity shall submit to the ,secretary an application for a project for a qualified climate change adaptation purpose at such time1 in such manner1 and containing such information as the ,secretary may require1 including data relating to any benefits1 such as economic impact or improvements to public health1 that the project is expected to provide4 7e7 ,selection ,the ,secretary shall select projects from eligible entities to receive funds under this section based on criteria and guidelines determined and published by the ,commission4 7f7 ,non-,federal funding requirement ,in order to receive funds under this section1 an eligible entity shall provide funds for the project in an amount that is equal to not less than #be percent of the amount of funds provided under this section4 7g7 ,maintenance of effort ,all amounts deposited in the ,fund in accordance with section #cja7;a7 shall be used only to fund new projects in accordance with this ,act4 7h7 ,applicability of ,federal law ,nothing in this ,act waives the requirements of any ,federal law 7including regulations7 that would otherwise apply to a qualified climate change project that receives funds under this section4 #bjb4 ,compliance with ,davis-,bacon ,act 7a7 ,in general ,all laborers and mechanics employed by contractors and subcontractors on projects funded directly by or assisted in whole or in part by and through the ,fund pursuant to this title shall be paid wages at rates not less than those prevailing on projects of a character similar in the locality as determined by the ,secretary of ,labor in accordance with subchapter ,,iv of chapter #ca of part ,a of title #dj1 ,united ,states ,code4 7b7 ,labor standards ,with respect to the labor standards specified in this section1 the ,secretary of ,labor shall have the authority and functions set forth in ,reorganization ,plan ,numbered #ad of #aiej 7#fd ,stat4 #abfg2 #e ,u4,s4,c4 ,app47 and section #cade of title #dj1 ,united ,states ,code4 #bjc4 ,funding ,the ,secretary shall use funds made available to the ,secretary and not otherwise obligated to carry out the program under section #bja7;b74 ,,iii ,revenue #cja4 ,climate change obligations 7a7 ,in general ,not later than #f months after the date of the enactment of this ,act1 the ,secretary of the ,treasury or the ,secretary's delegate 7referred to in this title as the ,secretary7 shall issue obligations under chapter #ca of title #ca1 ,united ,states ,code 7referred to in this title as climate change obligations71 the proceeds from which shall be deposited in the ,fund4 7b7 ,full faith and credit ,payment of interest and principal with respect to any climate change obligation issued under this section shall be made from the general fund of the ,treasury of the ,united ,states and shall be backed by the full faith and credit of the ,united ,states4 7c7 ,exemption from local taxation ,all climate change obligations issued by the ,secretary1 and the interest on or credits with respect to such obligations1 shall not be subject to taxation by any ,state1 county1 municipality1 or local taxing authority4 7d7 ,amount of climate change obligations 7#a7 ,in general ,except as provided in paragraph 7#b71 the aggregate face amount of the climate change obligations issued annually under this section shall be #bjj1jjj1jjj4 7#b7 ,additional obligations ,for any calendar year in which all of the obligations issued pursuant to paragraph 7#a7 have been purchased1 the ,secretary may issue additional climate change obligations during such calendar year1 provided that the aggregate face amount of such additional obligations does not exceed #hjj1jjj1jjj4 7e7 ,funding ,the ,secretary shall use funds made available to the ,secretary and not otherwise obligated to carry out the purposes of this section4 #cjb4 ,promotion 7a7 ,in general ,the ,secretary shall promote the purchase of climate change obligations through such means as are determined appropriate by the ,secretary1 with the amount expended for such promotion not to exceed #aj1jjj1jjj for any fiscal year during the period of fiscal years #bjbj through #bjbd4 7b7 ,donated advertising ,in addition to any advertising paid for with funds made available under subsection 7c71 the ,secretary shall solicit and may accept the donation of advertising relating to the sale of climate change obligations4 7c7 ,authorization of appropriations ,for each fiscal year during the period of fiscal years #bjbj through #bjbd1 there is authorized to be appropriated #aj1jjj1jjj to carry out the purposes of this section4