Duties

The Commission shall— (1) establish and, as necessary, update recommendations, frameworks, and guidelines for a Federal investment program funded by revenue from climate change obligations issued under section 301 for eligible entities that— (A) improve and adapt energy, transportation, water, and general infrastructure impacted or expected to be impacted due to climate variability; and (B) integrate best available science, data, standards, models, and trends that improve the resiliency of infrastructure systems described in subparagraph (A); and (2) identify and, as necessary, update categories of the most cost-effective investments and projects that emphasize multiple benefits to human health, commerce, and ecosystems while ensuring that the Commission engages in early, meaningful, and culturally and linguistically appropriate community stakeholder involvement opportunities during the development of the recommendations, frameworks, and guidelines established under paragraph (1).