S02878 Summary:

BILL NOS02878B
 
SAME ASSAME AS A05334-A
 
SPONSORSANDERS
 
COSPNSRBIAGGI, COMRIE, KENNEDY, MAY, MYRIE, PERSAUD, RAMOS, RIVERA, SALAZAR
 
MLTSPNSR
 
 
Establishes a green new deal for New York task force; requires such task force to develop a detailed statewide, industrial, economic mobilization plan for the transition of the New York economy to become greenhouse gas emissions neutral by 2030 and to significantly draw down greenhouse gases from the atmosphere and oceans and to promote economic and environmental justice and equality.
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S02878 Actions:

BILL NOS02878B
 
01/30/2019REFERRED TO ENVIRONMENTAL CONSERVATION
02/06/2019AMEND AND RECOMMIT TO ENVIRONMENTAL CONSERVATION
02/06/2019PRINT NUMBER 2878A
03/12/2019AMEND (T) AND RECOMMIT TO ENVIRONMENTAL CONSERVATION
03/12/2019PRINT NUMBER 2878B
01/08/2020REFERRED TO ENVIRONMENTAL CONSERVATION
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S02878 Committee Votes:

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S02878 Floor Votes:

There are no votes for this bill in this legislative session.
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S02878 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         2878--B
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                    January 30, 2019
                                       ___________
 
        Introduced  by Sens. SANDERS, BIAGGI, COMRIE, MAY, PERSAUD -- read twice
          and ordered printed, and when printed to be committed to the Committee
          on Environmental Conservation -- committee discharged,  bill  amended,
          ordered  reprinted  as  amended  and  recommitted to said committee --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
 
        AN  ACT  to  establish  a  Green  New  Deal for New York task force; and
          providing for the repeal of such provisions upon expiration thereof
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. Legislative findings and intent. 1. The legislature recog-
     2  nizes the duty of the New York state government to create  a  Green  New
     3  Deal  for  New  York. An October 2018 report entitled "Special Report on
     4  Global Warming of 1.5°C"  by  the  Intergovernmental  Panel  on  Climate
     5  Change  and  the November 2018 Fourth National Climate Assessment report
     6  found that:
     7    (a) human activity is the dominant cause of  observed  climate  change
     8  over the past century;
     9    (b)  a  changing climate is causing sea levels to rise and an increase
    10  in wildfires, severe storms, droughts, and other extreme weather  events
    11  that  threaten human life, healthy communities, and critical infrastruc-
    12  ture;
    13    (c) global warming at or above 2 degrees Celsius beyond preindustrial-
    14  ized levels will cause:
    15    (i) mass migration from the regions most affected by climate change;
    16    (ii) more than $500,000,000,000 in lost annual economic output in  the
    17  United States by the year 2100;
    18    (iii)  wildfires  that,  by 2050, will annually burn at least twice as
    19  much forest area in the western United States than was typically  burned
    20  by wildfires in the years preceding 2019;
    21    (iv) a loss of more than 99 percent of all coral reefs on earth;
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07108-04-9

        S. 2878--B                          2
 
     1    (v) more than 350,000,000 more people to be exposed globally to deadly
     2  heat stress by 2050; and
     3    (vi)  a  risk of damage to $1,000,000,000,000 of public infrastructure
     4  and coastal real estate in the United States; and
     5    (d) global temperatures must be kept below 1.5 degrees  Celsius  above
     6  preindustrialized  levels to avoid the most severe impacts of a changing
     7  climate, which will require:
     8    (i) global reductions in greenhouse gas emissions from  human  sources
     9  of 40 to 60 percent from 2010 levels by 2030; and
    10    (ii) net-zero global emissions by 2050.
    11    2.  As  the  United  States, including New York, has historically been
    12  responsible for a disproportionate amount of greenhouse  gas  emissions,
    13  having  emitted  20  percent  of global greenhouse gas emissions through
    14  2014, and has a high technological capacity, the United States  and  New
    15  York  must  take  a  leading role in reducing emissions through economic
    16  transformation.
    17    3. The United States is currently experiencing several related crises,
    18  with:
    19    (a) life expectancy declining while basic needs, such  as  clean  air,
    20  clean  water, healthy food, and adequate health care, housing, transpor-
    21  tation, and education, are inaccessible to a significant portion of  the
    22  United States population;
    23    (b)  a  4-decade  trend  of  wage stagnation, deindustrialization, and
    24  antilabor policies that has led to:
    25    (i) hourly wages overall stagnating since the 1970's despite increased
    26  worker productivity;
    27    (ii) the third-worst level of socioeconomic mobility in the  developed
    28  world before the Great Recession;
    29    (iii)  the  erosion  of the earning and bargaining power of workers in
    30  the United States; and
    31    (iv) inadequate resources for public sector workers  to  confront  the
    32  challenges of climate change at local, state, and federal levels; and
    33    (c) the greatest income inequality since the 1920's, with:
    34    (i)  the  top 1 percent of earners accruing 91 percent of gains in the
    35  first few years of economic recovery after the Great Recession;
    36    (ii) a large racial wealth divide amounting  to  a  difference  of  20
    37  times more wealth between the average white family and the average black
    38  family; and
    39    (iii) a gender earnings gap that results in women earning approximate-
    40  ly 80 percent as much as men, at the median.
    41    4.  Climate  change,  pollution,  and  environmental  destruction have
    42  exacerbated  systemic  racial,  regional,  social,  environmental,   and
    43  economic  injustices  (hereinafter referred to as "systemic injustices")
    44  by  disproportionately  affecting  indigenous  peoples,  communities  of
    45  color,  migrant  communities,  deindustrialized communities, depopulated
    46  rural communities, the poor, low-income workers, women, the elderly, the
    47  unhoused, people with disabilities, and youth (hereinafter  referred  to
    48  as "frontline and vulnerable communities").
    49    5. Climate change constitutes a direct threat to the national security
    50  of the United States:
    51    (a)  by impacting the economic, environmental, and social stability of
    52  countries and communities around the world; and
    53    (b) by acting as a threat multiplier.
    54    6. The federal government-led mobilizations during World  War  II  and
    55  the  New  Deal  created the greatest middle class that the United States
    56  has ever seen, but many members of frontline and vulnerable  communities

        S. 2878--B                          3
 
     1  were  excluded  from many of the economic and societal benefits of those
     2  mobilizations.
     3    7.  The  New  York  state  government  recognizes that a new national,
     4  social, industrial, and economic mobilization on a scale not seen  since
     5  World War II and the New Deal era is a historic opportunity:
     6    (a) to create millions of good, high-wage jobs in New York state;
     7    (b) to provide unprecedented levels of prosperity and economic securi-
     8  ty for all people of New York state; and
     9    (c) to counteract systemic injustices.
    10    8. Now, therefore, be it resolved that it is the sense of the New York
    11  state legislature that:
    12    (a)  it is the duty of the New York state government to create a Green
    13  New Deal:
    14    (i) to achieve net-zero greenhouse gas emissions through  a  fair  and
    15  just transition for all communities and workers;
    16    (ii)  to create millions of good, high-wage jobs and ensure prosperity
    17  and economic security for all people of New York state;
    18    (iii) to invest in the infrastructure and industry of New  York  state
    19  to sustainably meet the challenges of the twenty-first century;
    20    (iv)  to  secure  for  all people of New York state for generations to
    21  come:
    22    (A) clean air and water;
    23    (B) climate and community resiliency;
    24    (C) healthy food;
    25    (D) access to nature; and
    26    (E) a sustainable environment; and
    27    (v) to promote justice and  equity  by  stopping  current,  preventing
    28  future,  and  repairing  historic oppression of frontline and vulnerable
    29  communities;
    30    (b) the goals described in clauses (A)  through  (E)  of  subparagraph
    31  (iv)  of  paragraph  (a) of this subdivision (hereinafter referred to as
    32  "Green New Deal for New York goals") should be  accomplished  through  a
    33  10-year  national  mobilization  (hereinafter  referred to as "Green New
    34  Deal mobilization") that will require the following goals and projects:
    35    (i) building resiliency against climate change-related disasters, such
    36  as extreme  weather,  including  by  leveraging  funding  and  providing
    37  investments for community-defined projects and strategies;
    38    (ii)  repairing  and  upgrading  the infrastructure in New York state,
    39  including:
    40    (A) by eliminating pollution and greenhouse gas emissions as  much  as
    41  technologically feasible;
    42    (B) by guaranteeing universal access to clean water;
    43    (C) by reducing the risks posed by climate impacts; and
    44    (D)  by  ensuring  that any infrastructure bill considered by New York
    45  state government addresses climate change;
    46    (iii) meeting 100 percent of  the  power  demand  in  New  York  state
    47  through clean, renewable, and zero-emission energy sources, including:
    48    (A)  by  dramatically expanding and upgrading renewable power sources;
    49  and
    50    (B) by deploying new capacity;
    51    (iv) building  or  upgrading  to  energy-efficient,  distributed,  and
    52  "smart" power grids, and ensuring affordable access to electricity;
    53    (v)  upgrading  all  existing buildings in New York state and building
    54  new buildings to achieve maximum energy  efficiency,  water  efficiency,
    55  safety,  affordability, comfort, and durability, including through elec-
    56  trification;

        S. 2878--B                          4
 
     1    (vi) spurring massive growth in clean manufacturing in New York  state
     2  and  removing  pollution and greenhouse gas emissions from manufacturing
     3  and industry as  much  as  is  technologically  feasible,  including  by
     4  expanding renewable energy manufacturing and investing in existing manu-
     5  facturing and industry;
     6    (vii)  working  collaboratively  with farmers and ranchers in New York
     7  state to remove pollution and greenhouse gas emissions from the agricul-
     8  tural sector as much as is technologically feasible, including:
     9    (A) by supporting family farming;
    10    (B) by investing in sustainable farming and land  use  practices  that
    11  increase soil health; and
    12    (C)  by building a more sustainable food system that ensures universal
    13  access to healthy food;
    14    (viii) overhauling transportation systems in New York state to  remove
    15  pollution and greenhouse gas emissions from the transportation sector as
    16  much as is technologically feasible, including through investment in:
    17    (A) zero-emission vehicle infrastructure and manufacturing;
    18    (B) clean, affordable, and accessible public transit; and
    19    (C) high-speed rail;
    20    (ix)  mitigating  and managing the long-term adverse health, economic,
    21  and other effects of pollution and climate change, including by  provid-
    22  ing funding for community-defined projects and strategies;
    23    (x)  removing  greenhouse  gases  from  the  atmosphere  and  reducing
    24  pollution  by  restoring  natural  ecosystems  through  proven  low-tech
    25  solutions  that  increase soil carbon storage, such as land preservation
    26  and afforestation;
    27    (xi) restoring and  protecting  threatened,  endangered,  and  fragile
    28  ecosystems  through  locally appropriate and science-based projects that
    29  enhance biodiversity and support climate resiliency;
    30    (xii) cleaning up existing hazardous waste and abandoned sites, ensur-
    31  ing economic development and sustainability on those sites;
    32    (xiii) identifying other emission and pollution sources  and  creating
    33  solutions to remove them; and
    34    (xiv)  promoting  the international exchange of technology, expertise,
    35  products, funding, and services, with the aim of making New  York  state
    36  the  international leader on climate action, and to help other countries
    37  achieve a Green New Deal;
    38    (c) a Green New Deal for New York must be developed through  transpar-
    39  ent  and  inclusive  consultation,  collaboration,  and partnership with
    40  frontline and vulnerable communities, labor unions, worker cooperatives,
    41  civil society groups, academia, and businesses; and
    42    (d) to achieve the Green New Deal for New York goals and mobilization,
    43  a Green New Deal for New York  will  require  the  following  goals  and
    44  projects:
    45    (i)  providing  and  leveraging, in a way that ensures that the public
    46  receives  appropriate  ownership  stakes  and  returns  on   investment,
    47  adequate  capital, including through community grants, public banks, and
    48  other public financing, technical expertise,  supporting  policies,  and
    49  other forms of assistance to communities, organizations, federal, state,
    50  and  local  government agencies, and businesses working on the Green New
    51  Deal for New York mobilization;
    52    (ii) ensuring that New York state government takes  into  account  the
    53  complete  environmental  and  social  costs  and  impacts  of  emissions
    54  through:
    55    (A) existing laws;
    56    (B) new policies and programs; and

        S. 2878--B                          5
 
     1    (C) ensuring that frontline and vulnerable communities  shall  not  be
     2  adversely affected;
     3    (iii)  providing  resources,  training,  and  high-quality  education,
     4  including higher education, to all people of  New  York  state,  with  a
     5  focus on frontline and vulnerable communities, so that all people of New
     6  York  state may be full and equal participants in the Green New Deal for
     7  New York mobilization;
     8    (iv) making public investments in the research and development of  new
     9  clean and renewable energy technologies and industries;
    10    (v)  directing  investments  to  spur economic development, deepen and
    11  diversify industry and business in local  and  regional  economies,  and
    12  build  wealth  and  community ownership, while prioritizing high-quality
    13  job creation and economic, social, and environmental benefits in  front-
    14  line  and vulnerable communities, and deindustrialized communities, that
    15  may otherwise struggle with the  transition  away  from  greenhouse  gas
    16  intensive industries;
    17    (vi)  ensuring  the use of democratic and participatory processes that
    18  are inclusive of and led by frontline  and  vulnerable  communities  and
    19  workers  to  plan,  implement, and administer the Green New Deal for New
    20  York mobilization at the local level;
    21    (vii) ensuring that the Green  New  Deal  for  New  York  mobilization
    22  creates  high-quality  union jobs that pay prevailing wages, hires local
    23  workers, offers training and advancement opportunities,  and  guarantees
    24  wage and benefit parity for workers affected by the transition;
    25    (viii)  guaranteeing  a  job  with  a family-sustaining wage, adequate
    26  family and medical leave, paid vacations, and retirement security to all
    27  people of New York state;
    28    (ix) strengthening and protecting the right of all workers  to  organ-
    29  ize,  unionize, and collectively bargain free of coercion, intimidation,
    30  and harassment;
    31    (x) strengthening and enforcing labor, workplace  health  and  safety,
    32  antidiscrimination,  and  wage  and hour standards across all employers,
    33  industries, and sectors;
    34    (xi) enacting and enforcing trade rules,  procurement  standards,  and
    35  border adjustments with strong labor and environmental protections:
    36    (A) to stop the transfer of jobs and pollution overseas; and
    37    (B) to grow domestic manufacturing in New York state;
    38    (xii) ensuring that public lands, waters, and oceans are protected and
    39  that eminent domain is not abused;
    40    (xiii)  obtaining  the free, prior, and informed consent of indigenous
    41  peoples for all decisions  that  affect  indigenous  peoples  and  their
    42  traditional  territories,  honoring  all  treaties  and  agreements with
    43  indigenous peoples, and protecting and  enforcing  the  sovereignty  and
    44  land rights of indigenous peoples;
    45    (xiv)  ensuring a commercial environment where every businessperson is
    46  free from unfair competition and domination by domestic or international
    47  monopolies; and
    48    (xv) providing all people of New York state with:
    49    (A) high-quality health care;
    50    (B) affordable, safe, and adequate housing;
    51    (C) economic security; and
    52    (D) clean water, clean air, healthy and affordable food, and access to
    53  nature.
    54    § 2. Green New Deal for New York task force. 1. There shall be a  task
    55  force  for  a  Green  New  Deal  for New York which shall consist of the
    56  following nineteen voting members:    three  members  appointed  by  the

        S. 2878--B                          6
 
     1  governor, one of which shall serve as the chair of the task force; pres-
     2  ident  of  the New York state energy research and development authority,
     3  or his or her designee; the chair of the public service  commission,  or
     4  his  or her designee; the commissioner of environmental conservation; or
     5  his or her designee; president of empire state development or his or her
     6  designee; the commissioner of transportation, or his  or  her  designee;
     7  the commissioner of health, or his or her designee; and the commissioner
     8  of agriculture and markets, or his or her designee; the president of the
     9  New  York  state  AFL-CIO  or  his  or  her  designee; the three members
    10  appointed by the temporary president of the senate, one of whom shall be
    11  a representative from the private sector; three members appointed by the
    12  speaker of the assembly, one of whom shall be a representative from  the
    13  private  sector;  one  member  appointed  by  the minority leader of the
    14  senate; and one member appointed by the minority leader of the assembly;
    15  and in consultation with the following and other  relevant  state  agen-
    16  cies,  public authorities, local governments, the federal government and
    17  non-governmental organizations: the department of health, the department
    18  of labor, the department of state, the division of homeland security and
    19  emergency services, the power authority of the state of  New  York,  the
    20  Long Island power authority, the department of taxation and finance, the
    21  metropolitan transportation authority, the state university of New York,
    22  the  city university of New York, the New York independent system opera-
    23  tor, and others.
    24    2. No member of the task force shall be disqualified from holding  any
    25  public office or employment, nor shall he or she forfeit any such office
    26  of  employment  by  virtue  of  his  or her appointment pursuant to this
    27  section.
    28    3. Members of the task force shall receive no compensation  for  their
    29  services,  but  shall  be  allowed  their  actual and necessary expenses
    30  incurred in the performance of their functions pursuant to this section.
    31    4. The task force shall hold at least five public hearings.    To  the
    32  extent  practicable, such hearings shall be held in different regions of
    33  the state. During the public hearings, the task  force  shall  hear  the
    34  testimony of voluntary witnesses.
    35    5.  The  task  force  shall  develop a detailed statewide, industrial,
    36  economic mobilization plan (hereinafter referred to as the "plan  for  a
    37  Green  New  Deal  for New York" or the "plan") for the transition of the
    38  New York economy to become greenhouse gas emissions neutral by 2030,  or
    39  as  soon  as feasible, by eliminating pollution and greenhouse gas emis-
    40  sions as much as technologically feasible, by transitioning  rapidly  to
    41  clean  renewable  energy  technologies  and  to  significantly draw down
    42  greenhouse gases from the atmosphere and oceans and to promote  economic
    43  and environmental justice and equality. In furtherance of the foregoing,
    44  the plan shall:
    45    (a)  be  prepared  in consultation with experts and leaders from busi-
    46  ness, labor, state and local governments, tribal nations,  academia  and
    47  broadly representative civil society groups and communities;
    48    (b)  be  driven by the state government, in collaboration, co-creation
    49  and partnership with business, labor, local governments, tribal nations,
    50  research institutions and civil society groups and communities, and  the
    51  federal government;
    52    (c) be executed in no longer than 10 years from the start of execution
    53  of such plan;
    54    (d)  provide  opportunities for high income work, entrepreneurship and
    55  cooperative and public ownership; and

        S. 2878--B                          7
 
     1    (e) additionally, be responsive to, and in accordance with, the  goals
     2  and  guidelines  relating  to  social,  economic,  racial,  regional and
     3  gender-based justice and equality.
     4    6.  In  addition  to  preparing the plan, the task force shall prepare
     5  draft legislation for the enactment of the plan in accordance with  this
     6  section.  Such  draft  legislation may be prepared concurrently with the
     7  development of the plan, or as the task force may otherwise deem  appro-
     8  priate,   provided  that  such  finalized  draft  legislation  shall  be
     9  completed in accordance with the timing set forth in  subparagraph  (ii)
    10  of paragraph (b) of subdivision 9 of this section.
    11    7. The task force shall have the authority to investigate, study, make
    12  findings,  convene  experts  and  leaders from industry, academia, local
    13  communities, labor, finance, environmental justice, technology  and  any
    14  other industry or group that the select committee deems to be a relevant
    15  resource.  The  task force may, at its discretion and as its members may
    16  deem appropriate, hold public hearings in connection with any aspect  of
    17  its investigative functions.
    18    8. To enable the task force to carry out the purposes of this article,
    19  the  task  force  will use existing staff and resources from appropriate
    20  agencies.
    21    9. (a) The task force shall submit a preliminary report on the plan to
    22  the governor, senate and assembly and online for the public by September
    23  1, 2019 and as it deems appropriate from time to time the results of its
    24  investigations and studies, together with  such  detailed  findings  and
    25  interim  recommendations  or  proposed  plan  or  draft  legislation, or
    26  portion thereof, as it may deem advisable.
    27    (b)(i) The task force shall complete the plan for a Green New Deal for
    28  New York and issue a report to the governor, the temporary president  of
    29  the  senate,  and  the  speaker  of the assembly by a date no later than
    30  January 1, 2020.
    31    (ii) The task force shall complete the finalized draft legislation and
    32  submit it to the governor, the temporary president of  the  senate,  and
    33  the  speaker of the assembly by a date no later than the date that is 90
    34  calendar days after the task force has completed the plan  and,  in  any
    35  event, no later than March 1, 2020.
    36    (iii)  The  task force shall ensure that the plan and the draft legis-
    37  lation prepared in accordance with this section shall,  upon  completion
    38  be  made  available  to  the general public in widely accessible formats
    39  including, but not limited to, via at least one dedicated website and  a
    40  print  publication,  by  a date no later than 30 calendar days following
    41  the respective dates for completion.
    42    10. (a) The plan for a Green New Deal and the draft legislation  shall
    43  be developed with the objective of reaching the following outcomes with-
    44  in  the  target  window  of  10 years from the start of execution of the
    45  plan:
    46    (i) dramatically expand existing renewable power  sources  and  deploy
    47  new production capacity with the goal of meeting 100 percent of New York
    48  state power demand through clean renewable sources;
    49    (ii) building a statewide, energy-efficient, "smart" grid;
    50    (iii)  upgrading  every residential and industrial building for state-
    51  of-the-art energy efficiency, comfort and safety;
    52    (iv) eliminating greenhouse  gas  emissions  from  the  manufacturing,
    53  agricultural and other industries, including by investing in local-scale
    54  agriculture in communities across the state;

        S. 2878--B                          8
 
     1    (v) eliminating greenhouse gas emissions from, repairing and improving
     2  transportation and other infrastructure, and upgrading water infrastruc-
     3  ture to ensure universal access to clean water;
     4    (vi) funding massive investment in the drawdown of greenhouse gases;
     5    (vii)  making  "green"  technology,  industry, expertise, products and
     6  services a major export of New York state, with the aim of becoming  the
     7  undisputed  international  leader  in helping other states and countries
     8  transition to completely greenhouse gas neutral economies  and  bringing
     9  about a global Green New Deal; and
    10    (viii) explain how these actions will be financed and what the econom-
    11  ic  impact  will be if we take these actions and if we do not take these
    12  actions.
    13    (b) The plan for a Green New Deal  and  the  draft  legislation  shall
    14  recognize  that a state, industrial, economic mobilization of this scope
    15  and scale is a historic opportunity to virtually  eliminate  poverty  in
    16  New  York  state  and  to  make prosperity, wealth and economic security
    17  available to everyone participating in the transformation.  In  further-
    18  ance of the foregoing, the plan and the draft legislation shall:
    19    (i)  provide  all  members  of our society, across all regions and all
    20  communities, the opportunity, training and education to be  a  full  and
    21  equal  participant  in the transition, including through a job guarantee
    22  program to assure a living wage job to every person who wants one;
    23    (ii) diversify local and regional economies, with a  particular  focus
    24  on  communities where the fossil fuel industry holds significant control
    25  over the labor market, to  ensure  workers  have  the  necessary  tools,
    26  opportunities,  and  economic  assistance  to  succeed during the energy
    27  transition;
    28    (iii) require strong enforcement of labor, workplace safety, and  wage
    29  standards  that recognize the rights of workers to organize and unionize
    30  free of coercion, intimidation, and harassment, and creation of meaning-
    31  ful, quality, career employment;
    32    (iv) ensure a 'just transition' for all workers,  low-income  communi-
    33  ties,  communities  of  color,  indigenous  communities, rural and urban
    34  communities and the front-line  communities  most  affected  by  climate
    35  change,  pollution  and  other  environmental harm including by ensuring
    36  that local implementation of the transition is led  from  the  community
    37  level  and  by prioritizing solutions that end the harms faced by front-
    38  line communities from climate change and environmental pollution;
    39    (v) protect and enforce sovereign rights and  land  rights  of  tribal
    40  nations;
    41    (vi)  mitigate  deeply  entrenched  racial,  regional and gender-based
    42  inequalities in income and wealth including, but not limited to,  ensur-
    43  ing  that  state  and  other investment will be equitably distributed to
    44  historically impoverished, low income, deindustrialized or other  margi-
    45  nalized  communities  in  such a way that builds wealth and ownership at
    46  the community level;
    47    (vii) include additional  measures  such  as  basic  income  programs,
    48  universal health care programs and any others as the task force may deem
    49  appropriate  to  promote economic security, labor market flexibility and
    50  entrepreneurism;
    51    (viii) deeply involve state and local labor unions to take  a  leader-
    52  ship role in the process of job training and worker deployment; and
    53    (ix)  explain how these actions will be financed and what the economic
    54  impact will be if these actions are taken and if these actions  are  not
    55  taken.

        S. 2878--B                          9
 
     1    (c)  The  plan  for  a  Green New Deal and the draft legislation shall
     2  recognize that innovative public and other financing  structures  are  a
     3  crucial  component  in achieving and furthering the goals and guidelines
     4  relating to social, economic, racial, regional and gender-based  justice
     5  and  equality  and  cooperative  and  public ownership. The plan and the
     6  draft legislation  shall,  accordingly,  ensure  that  the  majority  of
     7  financing  of  the  plan  shall be accomplished by the state government,
     8  using a combination of a new public bank or a  system  of  regional  and
     9  specialized  public  banks, public venture funds and such other vehicles
    10  or structures that the task force deems appropriate, in order to  ensure
    11  that interest and other investment returns generated from public invest-
    12  ments  made  in  connection with the plan will be returned to the state,
    13  reduce taxpayer burden and allow for more investment.
    14    § 3. This act shall take effect immediately and shall  expire  and  be
    15  deemed repealed April 1, 2020.
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