1. Short title This Act may be cited as the National Climate Bank Act . 2. National Climate Bank (a) In general Title LXII of the Revised Statutes ( 12 U.S.C. 21 et seq.) is amended by adding at the end the following: FIVE National Climate Bank Sec. 5245. Findings. 5245A. Definitions. 5245B. Establishment. 5245C. Purpose. 5245D. Investments and procurements division. 5245E. Start-up division. 5245F. Project types. 5245G. Cash for carbon program. 5245H. Project and Investment attributes. 5245I. Board of Directors. 5245J. Administration. 5245K. Establishment of risk and audit committees. 5245L. External oversight. 5245M. Maximum contingent liability. 5245. Findings Congress finds that— (1) the October 2018 report entitled Special Report on Global Warming of 1.5 C by the Intergovernmental Panel on Climate Change and the November 2018 Fourth National Climate Assessment report found that— (A) human activity is the dominant cause of observed climate change over the past century; (B) a changing climate is causing sea levels to rise and an increase in wildfires, severe storms, droughts, and other extreme weather events that threaten human life, healthy communities, and critical infrastructure; (C) global warming at or above 2 degrees Celsius beyond pre-industrialized levels will cause— (i) mass migration from the regions most affected by climate change; (ii) more than $500,000,000,000 in lost annual economic output in the United States by the year 2100; (iii) wildfires that, by 2050, will annually burn at least twice as much forest area in the western United States than was typically burned by wildfires in the years preceding 2019; (iv) a loss of more than 99 percent of all coral reefs on Earth; (v) more than 350,000,000 more people to be exposed globally to deadly heat stress by 2050; and (vi) a risk of damage to $1,000,000,000,000 of public infrastructure and coastal real estate in the United States