1. Short title This Act may be cited as the Climate Protection and Sustainable Communities Act . 2. Congressional findings and statement of purpose (a) Findings Congress finds the following: (1) Financial institutions that are federally regulated and supervised have an obligation to serve the convenience and needs of the entire community, consistent with safe and sound operations. These institutions include, but are not limited to, insured depository institutions (and their holding companies, if any), investment advisers, broker dealers, insurers, non-bank lenders, credit unions, investment companies, and other financial institutions of significant size and operations. (2) The convenience and needs of communities include the need for environmentally sustainable investment because— (A) these financial institutions have, as a result of their investment, lending, and other activities, contributed to climate change and its effects, and therefore have a responsibility to act to mitigate climate change; and (B) these financial institutions receive Federal benefits not available to other types of businesses, including— (i) support for United States Treasury bond markets, including extraordinary commitments to purchase such bonds since the onset of the COVID-19 health crisis; (ii) access to the Federal Reserve Discount Window and other special lending facilities established by the Board of Governors of the Federal Reserve System and supported by the Treasury department; (iii) measures to maintain efficient, transparent, and competitive markets; (iv) regulatory relief during times of stress in the financial system, such as the ongoing COVID-19 health crisis