; (4) enabling low- and moderate-income individuals and communities to benefit from and afford projects and investments that reduce emissions; (5) increasing the efficiency and effectiveness of Federal financing programs that support positive climate outcomes, such as reduced emissions; and (6) supporting the creation of green banks within the United States where green banks do not exist. 5245D. Investments and procurements division (a) In general There shall be within the Bank an investments and procurements division, which shall be responsible for— (1) equity investments in clean energy projects; (2) ensuring appropriate debt and risk mitigation products are offered; (3) overseeing prudent, noncontrolling equity investments; (4) procurements that will be used to reduce emissions and the cost of emissions reductions through aggregation of demand and other market-based approaches; and (5) greenhouse gas emissions mitigation efforts. (b) Investment committee The suite of debt and risk mitigation products and equity investments made by the Bank shall be— (1) approved by an investment committee of the Board