US SB2374

Establishes an 11-member Climate Change Advisory Commission appointed by the President and congressional leaders for 5-year terms to develop guidelines for climate adaptation projects, with the Commission terminating 20 years after enactment

Creates the Climate Change Resiliency Fund in the U.S. Treasury, requiring at least 40% of funds be directed to environmental justice communities, frontline communities, and low-income communities disproportionately impacted by climate change

Authorizes the Treasury Secretary to issue $200 million annually in climate change obligations (bonds), with authority to issue up to $800 million in additional obligations if initial offerings sell out, with proceeds deposited into the Fund

Eligible entities including federal/state/local governments, tribal governments, nonprofits, and transit agencies may apply for funding for projects addressing sea level rise, extreme weather, flooding, drought, food security, and ecosystem protection

Requires eligible entities to provide 25% matching funds unless waived, mandates Davis-Bacon prevailing wage requirements for funded projects, and authorizes $10 million annually through FY2030 for bond promotion