,i #aag? ,,congress #a/ ,session ,h4 ,r4 #hjf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #d1 #bjba,mrs4 ,d+ell introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,en]gy & ,comm]ce1 & 9 addition to ! ,committees on ,f9ancial ,s]vices1 ,transportation & ,infra/ructure1 & ,agriculture1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to e/abli% a ,clean ,en]gy & ,su/a9ability ,accel]ator1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,clean ,en]gy & ,su/a9ability ,accel]ator ,act4 #b4 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title4,sec4 #b4 ,table ( cont5ts4,sec4 #c4 ,clean ,en]gy & ,su/a9ability ,accel]ator4,subtitle ,c--,clean ,en]gy & ,su/a9ability ,accelerator,sec4 #afba4 ,def9itions4,sec4 #afbb4 ,e/abli%m5t4,sec4 #afbc4 ,m&ate4,sec4 #afbd4 ,f9ance & inve/m5t division4,sec4 #afbe4 ,/>t-up ,division4,sec4 #afbf4 ,z]o-emissions fleet & relat$ infra/ructure f9anc+ program4,sec4 #afbg4 ,project prioritization & requirem5ts4,sec4 #afbh4 ,exploration ( accel]at$ clean en]gy transition program4,sec4 #afbi4 ,bo>d ( ,directors4,sec4 #afcj4 ,adm9i/ration4,sec4 #afca4 ,e/abli%m5t ( risk managem5t committee & audit committee4,sec4 #afcb4 ,ov]sight4 #c4 ,clean ,en]gy & ,su/a9ability ,accel]ator ,title ,,xvi ( ! ,en]gy ,policy ,act ( #bjje 7,public ,law #aji-eh1 z am5d$7 is am5d$ by add+ at ! end ! foll[+ new subtitle3 ,c ,clean ,en]gy & ,su/a9ability ,accel]ator #afba4 ,def9itions ,9 ?is subtitle3 7#a7 ,accel]ator ,! t]m ,accel]ator means ! ,clean ,en]gy & ,su/a9ability ,accel]ator e/abli%$ "u section #afbb4 7#b7 ,bo>d ,! t]m ,bo>d means ! ,bo>d ( ,directors ( ! ,accel]ator4 7#c7 ,*ief executive (fic] ,! t]m *ief executive (fic] means ! *ief executive (fic] ( ! ,accel]ator4 7#d7 ,climate-impact$ communities ,! t]m climate-impact$ communities includes-- 7,a7 communities ( color1 :i* include any geographically di/9ct area ! population ( color ( :i* is high] ?an ! av]age population ( color ( ! ,/ate 9 :i* ! community is locat$2 7,b7 communities t are already or are likely to be ! fir/ communities to feel ! direct negative effects ( climate *ange2 7,c7 di/ress$ neighborhoods1 demon/rat$ by indicators ( ne$1 includ+ pov]ty1 *ildhood obesity rates1 academic failure1 & rates ( juv5ile del9qu5cy1 adjudication1 or inc>c]ation2 7,d7 l[-income communities1 def9$ z any c5sus block gr\p 9 :i* #cj p]c5t or m ( ! population are individuals ) l[ income2 7,e7 l[-income h\seholds1 def9$ z a h\sehold ) annual income equal to1 or less ?an1 ! great] (-- 7i7 an am\nt equal to #hj p]c5t ( ! m$ian income ( ! area 9 :i* ! h\sehold is locat$1 z report$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t2 & 7ii7 #bjj p]c5t ( ! ,f$]al pov]ty l9e2 7,f7 ,tribal communities2 7,g7 p]si/5t pov]ty c\nties1 def9$ z any c\nty t has _h a pov]ty rate ( #bj p]c5t or m = ! pa/ #cj ye>s z measur$ by ! #bjjj1 #bjaj1 & #bjbj dec5nial c5suses2 7,h7 communities disproportionately affect$ by environm5tal pollution & o!r haz>ds t c lead to negative public heal? effects2 & 7,i7 communities t are economically reliant on fossil fuel-bas$ indu/ries4 7#e7 ,climate resili5t infra/ructure ,! t]m climate resili5t infra/ructure means any project t builds or enhances infra/ructure s t su* infra/ructure-- 7,a7 is plann$1 design$1 & op]at$ 9 a way t anticipates1 prep>es =1 & adapts to *ang+ climate conditions2 & 7,b7 c )/&1 respond to1 & recov] rapidly f disruptions caus$ by ^! climate conditions4 7#f7 ,electrification ,! t]m electrification means ! in/allation1 con/ruction1 or use ( end-use electric te*nology t replaces exi/+ fossil-fuel-bas$ te*nology4 7#g7 ,en]gy effici5cy ,! t]m en]gy effici5cy means any project1 te*nology1 function1 or measure t results 9 ! r$uction ( en]gy use requir$ to a*ieve ! same level ( s]vice or output prior to ! application ( su* project1 te*nology1 function1 or measure1 or sub/antially r$uces gre5h\se gas emissions relative to emissions t w\ld h occurr$ prior to ! application ( su* project1 te*nology1 function1 or measure4 7#h7 ,fuel swit*+ ,! t]m fuel swit*+ means any project t replaces a fossil-fuel-bas$ heat+ sy/em ) an electric-p[]$ sy/em or "o p[]$ by biomass-g5]at$ heat4 7#i7 ,gre5 bank ,! t]m gre5 bank means a d$icat$ public or nonpr(it specializ$ f9ance entity t-- 7,a7 is design$ to drive private capital into m>ket gaps = l[- & z]o-emission goods & s]vices2 7,b7 uses f9ance tools to mitigate climate *ange2 7,c7 does n take deposits2 7,d7 is fund$ by gov]nm5t1 public1 private1 or *>itable contributions2 & 7,e7 inve/s or f9ances projects-- 7i7 alone2 or 7ii7 9 conjunction ) o!r inve/ors4 7#aj7 ,qualifi$ projects ,! t]ms qualifi$ projects means ! foll[+ k9ds ( te*nologies & activities t are eligible = f9anc+ & inve/m5t f ! ,clean ,en]gy & ,su/a9ability ,accel]ator1 ei!r directly or ?r\gh ,/ate1 ,t]ritorial1 & local gre5 banks fund$ by ! ,clean ,en]gy & ,su/a9ability ,accel]ator3 7,a7 ,r5ewable en]gy g5]ation1 includ+ ! foll[+3 7i7 ,sol>4 7ii7 ,w9d4 7iii7 ,geo!rmal4 7iv7 ,hydrop[]4 7v7 ,ocean & hydrok9etic4 7vi7 ,fuel cell4 7,b7 ,build+ en]gy effici5cy1 fuel swit*+1 & electrification4 7,c7 ,indu/rial dec>bonization4 7,d7 ,grid te*nology su* z transmission1 di/ribution1 & /orage to support clean en]gy di/ribution1 includ+ sm>t-grid applications4 7,e7 ,agriculture & =e/ry projects t r$uce net gre5h\se gas emissions4 7,f7 ,clean transportation1 includ+ ! foll[+3 7i7 ,batt]y electric vehicles4 7ii7 ,plug-9 hybrid electric vehicles4 7iii7 ,hydrog5 vehicles4 7iv7 ,o!r z]o-emissions fuel$ vehicles4 7v7 ,relat$ vehicle *>g+ & fuel+ infra/ructure4 7,g7 ,climate resili5t infra/ructure4 7,h7 ,any o!r key areas id5tifi$ by ! ,bo>d z consi/5t ) ! m&ate ( ! ,accel]ator z describ$ 9 section #afbc4 7#aa7 ,r5ewable en]gy g5]ation ,! t]m r5ewable en]gy g5]ation means electricity creat$ by s\rces t are cont9ually repl5i%$ by nature1 su* z ! sun1 w9d1 & wat]4 #afbb4 ,e/abli%m5t 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is subtitle1 !re %all be e/abli%$ a nonpr(it corporation to be kn[n z ! ,clean ,en]gy & ,su/a9ability ,accel]ator4 7b7 ,limitation ,! ,accel]ator %all n be an ag5cy or in/rum5tality ( ! ,f$]al ,gov]nm5t4 7c7 ,full fai? & cr$it ,! full fai? & cr$it ( ! ,unit$ ,/ates %all n ext5d to ! ,accel]ator4 7d7 ,nonpr(it /atus ,! ,accel]ator %all ma9ta9 its /atus z an organization exempt f taxation "u ! ,int]nal ,rev5ue ,code ( #aihf 7#bf ,u4,s4,c4 #a et seq474 #afbc4 ,m&ate ,! ,accel]ator %all make ! ,unit$ ,/ates a _w lead] 9 combat+ ! causes & effects ( climate *ange ?r\gh ! rapid deploym5t ( mature te*nologies & scal+ ( new te*nologies by maximiz+ ! r$uction ( emissions 9 ! ,unit$ ,/ates = e doll> deploy$ by ! ,accel]ator1 includ+ by-- 7#a7 provid+ f9anc+ support = inve/m5ts 9 ! ,unit$ ,/ates 9 l[- & z]o-emissions te*nologies & processes 9 ord] to rapidly accel]ate m>ket p5etration2 7#b7 catalyz+ & mobiliz+ private capital ?r\gh ,f$]al inve/m5t & support+ a m robu/ m>ketplace = clean te*nologies1 :ile avoid+ competition ) private inve/m5t2 7#c7 enabl+ climate-impact$ communities to b5efit f & af=d projects & inve/m5ts t r$uce emissions2 7#d7 provid+ support = work]s & communities impact$ by ! transition to a l[-c>bon economy2 7#e7 support+ ! creation ( gre5 banks )9 ! ,unit$ ,/ates :]e gre5 banks d n exi/2 & 7#f7 caus+ ! rapid transition to a clean en]gy economy )\t rais+ en]gy co/s to end us]s & seek+ to l[] co/s :]e possible4 #afbd4 ,f9ance & inve/m5t division 7a7 ,9 g5]al ,!re %all be )9 ! ,accel]ator a f9ance & inve/m5t division1 :i* %all be responsible =-- 7#a7 ! ,accel]ator's gre5h\se gas emissions mitigation ef=ts by directly f9anc+ qualify+ projects or do+ s indirectly by provid+ capital to ,/ate1 ,t]ritorial1 & local gre5 banks2 7#b7 orig9at+1 evaluat+1 und]writ+1 & clos+ ! ,accel]ator's f9anc+ & inve/m5t transactions 9 qualifi$ projects2 7#c7 p>tn]+ ) private capital provid]s & capital m>kets to attract co9ve/m5t f private banks1 inve/ors1 & o!rs 9 ord] to drive new inve/m5t into und]p5etrat$ m>kets1 to increase ! effici5cy ( private capital m>kets ) respect to inve/+ 9 gre5h\se gas r$uction projects1 & to increase total inve/m5t caus$ by ! ,accel]ator2 7#d7 manag+ ! ,accel]ator's portfolio ( assets to ensure p]=mance & monitor risk2 7#e7 ensur+ appropriate debt & risk mitigation products are (f]$2 & 7#f7 ov]see+ prud5t1 noncontroll+ equity inve/m5ts4 7b7 ,products & inve/m5t types ,! f9ance & inve/m5t division ( ! ,accel]ator may provide capital to qualifi$ projects 9 ! =m (-- 7#a7 s5ior1 mezzan9e1 & subord9at$ debt2 7#b7 cr$it enhancem5ts includ+ loan loss res]ves & loan gu>antees2 7#c7 aggregation & w>eh\s+2 7#d7 equity capital2 & 7#e7 any o!r f9ancial product approv$ by ! ,bo>d4 7c7 ,/ate1 ,t]ritorial1 & local gre5 bank capitalization ,! f9ance & inve/m5t division ( ! ,accel]ator %all make capital available to ,/ate1 ,t]ritorial1 & local gre5 banks to enable su* banks to f9ance qualify+ projects 9 _! m>kets t are bett] s]v$ by a locally bas$ entity1 r ?an ?r\gh direct inve/m5t by ! ,accel]ator4 7d7 ,inve/m5t committee ,! debt1 risk mitigation1 & equity inve/m5ts made by ! ,accel]ator %all be-- 7#a7 approv$ by ! inve/m5t committee ( ! ,bo>d2 & 7#b7 consi/5t ) an inve/m5t policy t has be5 e/abli%$ by ! inve/m5t committee ( ! ,bo>d 9 consultation ) ! risk managem5t committee ( ! ,bo>d4 #afbe4 ,/>t-up ,division ,!re %all be )9 ! ,accel]ator a ,/>t-up ,division1 :i* %all be responsible = provid+ te*nical assi/ance & />t-up fund+ to ,/ates & o!r political subdivisions t d n h gre5 banks to e/abli% gre5 banks 9 ^? ,/ates & political subdivisions1 includ+ by work+ ) relevant /akehold]s 9 ^? ,/ates & political subdivisions4 #afbf4 ,z]o-emissions fleet & relat$ infra/ructure f9anc+ program ,n lat] ?an #a ye> aft] ! date ( e/abli%m5t ( ! ,accel]ator1 ! ,accel]ator %all explore ! e/abli%m5t ( a program to provide l[- & z]o-int]e/ loans1 up to #cj ye>s 9 l5g?1 to any s*ool1 metropolitan plann+ organization1 or nonpr(it organization seek+ f9anc+ = ! acquisition ( z]o-emissions vehicle fleets or associat$ infra/ructure to support z]o-emissions vehicle fleets4 #afbg4 ,project prioritization & requirem5ts 7a7 ,emissions r$uction m&ate ,9 inve/+ 9 projects t mitigate gre5h\se gas emissions1 ! ,accel]ator %all maximize ! r$uction ( emissions 9 ! ,unit$ ,/ates = e doll> deploy$ by ! ,accel]ator4 7b7 ,environm5tal ju/ice prioritization 7#a7 ,9 g5]al ,9 ord] to address environm5tal ju/ice ne$s1 ! ,accel]ator %all1 z applicable1 prioritize ! provision ( program b5efits & inve/m5t activity t are expect$ to directly or indirectly result 9 ! deploym5t ( projects to s]ve1 z a matt] ( (ficial policy1 climate-impact$ communities4 7#b7 ,m9imum p]c5tage ,! ,accel]ator %all ensure t ov] ! #cj-ye> p]iod ( its *>t] #dj p]c5t ( its inve/m5t activity is direct$ to s]ve climate-impact$ communities4 7c7 ,consum] protection 7#a7 ,prioritization ,consi/5t ) ! m&ate "u section #afbc to maximize ! r$uction ( emissions 9 ! ,unit$ ,/ates = e doll> deploy$ by ! ,accel]ator1 ! ,accel]ator %all prioritize qualifi$ projects accord+ to b5efits conf]r$ on consum]s & affect$ communities4 7#b7 ,consum] cr$it protection ,! ,accel]ator %all ensure t any resid5tial en]gy effici5cy or di/ribut$ clean en]gy project 9 :i* ! ,accel]ator inve/s directly or indirectly complies ) ! requirem5ts ( ! ,consum] ,cr$it ,protection ,act 7#ae ,u4,s4,c4 #afja et seq471 includ+1 9 ! case ( a f9ancial product t is a resid5tial mortgage loan1 any requirem5ts ( title ,i ( t ,act relat+ to resid5tial mortgage loans 7includ+ any regulations promulgat$ by ! ,bureau ( ,consum] ,f9ancial ,protection "u section #abi;,c7b77#c77;,c7 ( t ,act 7#ae ,u4,s4,c4 #afci;c7b77#c77;,c7774 7d7 ,labor 7#a7 ,9 g5]al ,! ,accel]ator %all ensure t labor]s & me*anics employ$ by contractors & subcontractors 9 con/ruction "w f9anc$ directly by ! ,accel]ator w be paid wages n less ?an ^? prevail+ on simil> con/ruction 9 ! locality1 z det]m9$ by ! ,secret>y ( ,labor "u sections #cada ?r\gh #cadd1 #cadf1 & #cadg ( title #dj1 ,unit$ ,/ates ,code4 7#b7 ,project labor agreem5t ,! ,accel]ator %all ensure t projects f9anc$ directly by ! ,accel]ator ) total capital co/s ( #ajj1jjj1jjj or great] utilize a project labor agreem5t4 #afbh4 ,exploration ( accel]at$ clean en]gy transition program ,n lat] ?an #a ye> aft] ! date on :i* ! ,accel]ator is e/abli%$1 ! ,bo>d %all explore ! e/abli%m5t ( an accel]at$ clean en]gy transition program-- 7#a7 to exp$ite ! transition )9 ! p[] sector to z]o-emissions p[] g5]ation facilities or assets2 & 7#b7 to simultane\sly inve/ 9 local economic developm5t 9 communities affect$ by ?is transition away f c>bon-int5sive facilities or assets4 #afbi4 ,bo>d ( ,directors 7a7 ,9 g5]al ,! ,accel]ator %all op]ate "u ! direction ( a ,bo>d ( ,directors1 :i* %all be compos$ ( #g memb]s4 7b7 ,initial composition & t]ms 7#a7 ,selection ,! initial memb]s ( ! ,bo>d %all be select$ z foll[s3 7,a7 ,appo9t$ memb]s ,?ree memb]s %all be appo9t$ by ! ,presid5t1 ) ! advice & cons5t ( ! ,s5ate1 ( :om no m ?an two %all belong to ! same political p>ty4 7,b7 ,elect$ memb]s ,f\r memb]s %all be elect$ unanim\sly by ! #c memb]s appo9t$ & confirm$ pursuant to subp>agraph 7,a74 7#b7 ,t]ms ,! t]ms ( ! initial memb]s ( ! ,bo>d %all be z foll[s3 7,a7 ,! #c memb]s appo9t$ & confirm$ "u p>agraph 7#a77;,a7 %all h initial #e-ye> t]ms4 7,b7 ,( ! #d memb]s elect$ "u p>agraph 7#a77;,b71 #b %all h initial #c-ye> t]ms1 & #b %all h initial #d-ye> t]ms4 7c7 ,subsequ5t composition & t]ms 7#a7 ,selection ,except = ! selection ( ! initial memb]s ( ! ,bo>d = _! initial t]ms "u subsection 7b71 ! memb]s ( ! ,bo>d %all be elect$ by ! memb]s ( ! ,bo>d4 7#b7 ,disqualification ,a memb] ( ! ,bo>d %all be disqualifi$ f vot+ = any position on ! ,bo>d = :i* su* memb] is a c&idate4 7#c7 ,t]ms ,all memb]s elect$ pursuant to p>agraph 7#a7 %all h a t]m ( #e ye>s4 7d7 ,qualifications ,! memb]s ( ! ,bo>d %all collectively h exp]tise 9-- 7#a7 ! fields ( clean en]gy1 electric utilities1 indu/rial dec>bonization1 clean transportation1 resili5cy1 & agriculture & =e/ry practices2 7#b7 climate *ange sci5ce2 7#c7 f9ance & inve/m5ts2 & 7#d7 environm5tal ju/ice & matt]s relat$ to ! en]gy & environm5tal ne$s ( climate-impact$ communities4 7e7 ,re/riction on memb]%ip ,no (fic] or employee ( ! ,f$]al or any o!r level ( gov]nm5t may be appo9t$ or elect$ z a memb] ( ! ,bo>d4 7f7 ,quorum ,five memb]s ( ! ,bo>d %all con/itute a quorum4 7g7 ,bylaws 7#a7 ,9 g5]al ,! ,bo>d %all adopt1 & may am5d1 su* bylaws z are necess>y = ! prop] managem5t & function+ ( ! ,accel]ator4 7#b7 ,(fic]s ,9 ! bylaws describ$ 9 p>agraph 7#a71 ! ,bo>d %all-- 7,a7 designate ! (fic]s ( ! ,accel]ator2 & 7,b7 prescribe ! duties ( ^? (fic]s4 7h7 ,vacancies ,any vacancy on ! ,bo>d %all be fill$ ?r\gh election by ! ,bo>d4 7i7 ,int]im appo9tm5ts ,a memb] elect$ to fill a vacancy occurr+ be=e ! expiration ( ! t]m = :i* ! pr$ecessor ( t memb] 0 appo9t$ or elect$ %all s]ve = ! rema9d] ( ! t]m = :i* ! pr$ecessor ( t memb] 0 appo9t$ or elect$4 7j7 ,reappo9tm5t ,a memb] ( ! ,bo>d may be elect$ = n m ?an #a additional t]m ( s]vice z a memb] ( ! ,bo>d4 7k7 ,cont9uation ( s]vice ,a memb] ( ! ,bo>d ^: t]m has expir$ may cont9ue to s]ve on ! ,bo>d until ! date on :i* a successor memb] is elect$4 7l7 ,*ief executive (fic] ,! ,bo>d %all appo9t a *ief executive (fic] :o %all be responsible =-- 7#a7 hir+ employees ( ! ,accel]ator2 7#b7 e/abli%+ ! #b divisions ( ! ,accel]ator describ$ 9 sections #afbd & #afbe2 & 7#c7 p]=m+ any o!r tasks necess>y = ! day-to-day op]ations ( ! ,accel]ator4 7m7 ,advisory committee 7#a7 ,e/abli%m5t ,! ,accel]ator %all e/abli% an advisory committee 79 ?is subsection ref]r$ to z ! advisory committee71 :i* %all be compos$ ( n m ?an #ac memb]s appo9t$ by ! ,bo>d on ! recomm5dation ( ! presid5t ( ! ,accel]ator4 7#b7 ,memb]s ,memb]s ( ! advisory committee %all be broadly repres5tative ( int]e/s conc]n$ ) ! environm5t1 production1 comm]ce1 f9ance1 agriculture1 =e/ry1 labor1 s]vices1 & ,/ate ,gov]nm5t4 ,( su* memb]s-- 7,a7 n few] ?an #c %all be repres5tatives ( ! small bus9ess community2 7,b7 n few] ?an #b %all be repres5tatives ( ! labor community1 except t no #b memb]s may be f ! same labor union2 7,c7 n few] ?an #b %all be repres5tatives ( ! environm5tal nongov]nm5tal organization community1 except t no #b memb]s may be f ! same environm5tal organization2 7,d7 n few] ?an #b %all be repres5tatives ( ! environm5tal ju/ice nongov]nm5tal organization community1 except t no #b memb]s may be f ! same environm5tal organization2 7,e7 n few] ?an #b %all be repres5tatives ( ! consum] protection & fair l5d+ community1 except t no #b memb]s may be f ! same consum] protection or fair l5d+ organization2 & 7,f7 n few] ?an #b %all be repres5tatives ( ! f9ancial s]vices indu/ry ) k ( & exp]i5ce 9 f9anc+ transactions = clean en]gy & o!r su/a9able infra/ructure assets4 7#c7 ,meet+s ,! advisory committee %all meet n less frequ5tly ?an once ea* qu>t]4 7#d7 ,duties ,! advisory committee %all-- 7,a7 advise ! ,accel]ator on ! programs und]tak5 by ! ,accel]ator2 & 7,b7 submit to ! ,congress an annual report ) comm5ts f ! advisory committee on ! ext5t to :i* ! ,accel]ator is meet+ ! m&ate describ$ 9 section #afbc1 includ+ any sugge/ions = improvem5t4 7n7 ,*ief risk (fic] 7#a7 ,appo9tm5t ,subject to ! approval ( ! ,bo>d1 ! *ief executive (fic] %all appo9t a *ief risk (fic] f among individuals ) exp]i5ce at a s5ior level 9 f9ancial risk managem5t1 :o-- 7,a7 %all report directly to ! ,bo>d2 & 7,b7 %all be removable only by a majority vote ( ! ,bo>d4 7#b7 ,duties ,! *ief risk (fic]1 9 coord9ation ) ! risk managem5t & audit committees e/abli%$ "u section #afcb1 %all develop1 implem5t1 & manage a compreh5sive process = id5tify+1 assess+1 monitor+1 & limit+ risks to ! ,accel]ator1 includ+ ! ov]all portfolio div]sification ( ! ,accel]ator4 #afcj4 ,adm9i/ration 7a7 ,capitalization 7#a7 ,9 g5]al ,to ! ext5t & 9 ! am\nts provid$ 9 advance 9 appropriations ,acts1 ! ,secret>y ( ,en]gy %all transf] to ! ,accel]ator-- 7,a7 #ej1jjj1jjj1jjj on ! date on :i* ! ,accel]ator is e/abli%$ "u section #afbb2 & 7,b7 #aj1jjj1jjj1jjj on ,octob] #a ( ea* ( ! #e fiscal ye>s foll[+ t date4 7#b7 ,au?orization ( appropriations ,= purposes ( ! transf]s "u p>agraph 7#a71 !re are au?oriz$ to be appropriat$-- 7,a7 #ej1jjj1jjj1jjj = ! fiscal ye> 9 :i* ! ,accel]ator is e/abli%$ "u section #afbb2 & 7,b7 #aj1jjj1jjj1jjj = ea* ( ! #e succe$+ fiscal ye>s4 7b7 ,*>t] ,! ,accel]ator %all e/abli% a *>t]1 ! t]m ( :i* %all be #cj ye>s4 7c7 ,use ( funds & recycl+ ,to ! ext5t & 9 ! am\nts provid$ 9 advance 9 appropriations ,acts1 ! ,accel]ator-- 7#a7 may use funds transf]r$ pursuant to subsection 7a77#a7 to c>ry out ?is subtitle1 includ+ = op]at+ exp5ses2 & 7#b7 %all reta9 & manage all repaym5ts & o!r rev5ue receiv$ "u ?is subtitle f f9anc+ fees1 int]e/1 repaid loans1 & o!r types ( fund+ to c>ry out ?is subtitle1 includ+ =-- 7,a7 op]at+ exp5ses2 & 7,b7 recycl+ su* paym5ts & o!r rev5ue = future l5d+ & capital deploym5t 9 accordance ) ?is subtitle4 7d7 ,report ,! ,accel]ator %all submit on a qu>t]ly basis to ! relevant committees ( ,congress a report t describes ! f9ancial activities1 emissions r$uctions1 & private capital mobilization metrics ( ! ,accel]ator = ! previ\s qu>t]4 7e7 ,re/riction ,! ,accel]ator %all n accept deposits4 7f7 ,committees ,! ,bo>d %all e/abli% committees & subcommittees1 includ+-- 7#a7 an inve/m5t committee2 & 7#b7 9 accordance ) section #afca-- 7,a7 a risk managem5t committee2 & 7,b7 an audit committee4 #afca4 ,e/abli%m5t ( risk managem5t committee & audit committee 7a7 ,9 g5]al ,to assi/ ! ,bo>d 9 fulfill+ ! duties & responsibilities ( ! ,bo>d "u ?is subtitle1 ! ,bo>d %all e/abli% a risk managem5t committee & an audit committee4 7b7 ,duties & responsibilities ( risk managem5t committee ,subject to ! direction ( ! ,bo>d1 ! risk managem5t committee e/abli%$ "u subsection 7a7 %all e/abli% policies = & h ov]sight responsibility =-- 7#a7 =mulat+ ! risk managem5t policies ( ! op]ations ( ! ,accel]ator2 7#b7 review+ & provid+ guidance on op]ation ( ! global risk managem5t framework ( ! ,accel]ator2 7#c7 develop+ policies =-- 7,a7 inve/m5t2 7,b7 ent]prise risk managem5t2 7,c7 monitor+2 & 7,d7 managem5t ( /rategic1 reputational1 regulatory1 op]ational1 developm5tal1 environm5tal1 social1 & f9ancial risks2 & 7#d7 develop+ ! risk pr(ile ( ! ,accel]ator1 includ+-- 7,a7 a risk managem5t & compliance framework2 & 7,b7 a gov]nance /ructure to support t framework4 7c7 ,duties & responsibilities ( audit committee ,subject to ! direction ( ! ,bo>d1 ! audit committee e/abli%$ "u subsection 7a7 %all h ov]sight responsibility =-- 7#a7 ! integrity (-- 7,a7 ! f9ancial report+ ( ! ,accel]ator2 & 7,b7 ! sy/ems ( int]nal controls reg>d+ f9ance & acc\nt+2 7#b7 ! integrity ( ! f9ancial /atem5ts ( ! ,accel]ator2 7#c7 ! p]=mance ( ! int]nal audit function ( ! ,accel]ator2 & 7#d7 compliance ) ! legal & regulatory requirem5ts relat$ to ! f9ances ( ! ,accel]ator4 #afcb4 ,ov]sight 7a7 ,ext]nal ov]sight ,! inspector g5]al ( ! ,dep>tm5t ( ,en]gy %all h ov]sight responsibilities ov] ! ,accel]ator4 7b7 ,reports & audit 7#a7 ,annual report ,! ,accel]ator %all publi% an annual report :i* %all be transmitt$ by ! ,accel]ator to ! ,presid5t & ! ,congress4 7#b7 ,annual audit ( acc\nts ,! acc\nts ( ! ,accel]ator %all be audit$ annually4 ,su* audits %all be conduct$ 9 accordance ) g5]ally accept$ audit+ /&>ds by indep5d5t c]tifi$ public acc\ntants :o are c]tifi$ by a regulatory au?ority ( ! jurisdiction 9 :i* ! audit is und]tak54 7#c7 ,additional audits ,9 addition to ! annual audits "u p>agraph 7#b71 ! f9ancial transactions ( ! ,accel]ator = any fiscal ye> dur+ :i* ,f$]al funds are available to f9ance any portion ( its op]ations may be audit$ by ! ,gov]nm5t ,acc\ntability ,(fice 9 accordance ) su* rules & regulations z may be prescrib$ by ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates4 4