; (B) midstream throughput of pipelines, terminals, or refineries; or (C) combustion of oil, natural gas, or coal for utility-scale electricity generation. (b) Requirements Not later than 210 days after the date of enactment of this section, and not less than once every 2 years thereafter, a covered bank holding company shall— (1) submit to the Board an emission reduction plan for reducing emissions in accordance with this section; and (2) if the plan is accepted under subsection (d), implement such plan. (c) Elements of plan Each plan required under subsection (b)(1)— (1) shall include— (A) a plan for the covered bank holding company to reach zero financed emissions not later than January 1, 2050; (B) a plan to reduce the financed emissions of the bank holding company by 50 percent not later than January 1, 2030; (C) a plan to discontinue new or expanded fossil fuel projects not later than 60 days after the date of enactment of this section; (D) a plan for the covered bank holding company to discontinue thermal coal financing not later than January 1, 2025; (E) a plan for the covered bank holding company to discontinue all fossil fuel financing not later than January 1, 2030; (F) a plan for the covered bank holding company to eliminate financing of deforestation risk commodities; and (G) such other requirements as the Board determines is necessary to protect the financial stability of the United States; (2) may not include carbon offsets; (3) may include proven negative carbon emission technologies to meet the requirements under paragraph (1)(A) if the technologies do not negatively impact low-income, minority, or indigenous communities; (4) shall prioritize— (A) the covered bank holding company withdrawing funding from companies and projects that have a disproportionately negative impact on the health and well-being of low-income and minority communities