,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #djda  ,,in ,,the ,,house ,,of  
,,representatives  ,july #be1 #bjai,ms4 
,lofgren 7for herself and ,ms4 ,matsui7 
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means1 and in addition to the         
,committees on ,energy and ,commerce1   
and ,science1 ,space1 and ,technology1  
for a period to be subsequently         
determined by the ,speaker1 in each case
 for consideration of such provisions as
 fall within the jurisdiction of the    
committee concerned  ,a ,,bill  ,to     
promote the domestic development and    
deployment of clean energy technologies 
required for the #bast century4  #a4    
,short title ,this ,act may be cited as 
the ,clean ,energy ,victory ,bond ,act  
of #bjai4  #b4 ,findings ,congress finds
 the following3  7#a7 ,potential exists 
for increasing clean and renewable      
energy production and energy efficiency 
installation in the ,united ,states4    
7#b7 ,other nations1 including ,china   

and ,germany1 are ahead of the ,united  
,states in manufacturing and deploying  
various clean energy technologies1 even 
though the ,united ,states invented many
 of these technologies4  7#c7 ,climate  
change represents an existential threat 
to ,american safety1 security1 and the  
economy4 ,rapid and robust deployment of
 clean energy will reduce greenhouse gas
 emissions and mitigate the effects of  
climate change on ,american society4    
7#d7 ,many segments of the ,american    
public want to take charge of efforts to
 combat the effects of climate change   
and practice responsible consumer       
behavior4  7#e7 ,the ,office of ,energy 
,efficiency and ,renewable ,energy      
7,,eere7 of the ,department of ,energy  
7,,doe7 estimates that taxpayer         
investment of #ab billion into ,,eere   
research and development portfolio has  
already yielded an estimated net        
economic benefit to the ,united ,states 
of more than #bcj billion1 with an      
overall annual return on investment of  

more than #bj percent4  7#f7            
,investments in renewable energy and    
energy efficiency projects in the       
,united ,states create green jobs across
 the ,united ,states4 ,new and          
innovative jobs could be created through
 expanded government support for clean  
energy and energy efficiency4  7#g7 ,as 
,americans choose energy efficiency and 
clean energy and transportation1 it     
reduces our dependence on foreign oils  
and improves our energy security4  7#h7 
,bonds are a low-cost method for        
encouraging clean energy1 not requiring 
direct budget allocations or            
expenditures4 ,the projects supported   
through ,clean ,energy ,victory ,bonds  
will create jobs and business revenues  
that will increase ,federal tax         
revenues1 while simultaneously reducing 
health and environmental costs incurred 
by the ,federal ,government nationwide4 
7#i7 ,bonds are voluntary measures that 
allow ,americans to contribute          
financially at whatever means they have 

available to them4  7#aj7 ,in ,world    
,war ,,ii1 over #hj percent of ,american
 households purchased ,victory ,bonds to
 support the war effort1 raising over   
#ahe billion1 or over #b trillion in    
today's dollars4  #c4 ,clean ,energy    
,victory ,bonds  7a7 ,issuance ,not     
later than #f months after the date of  
the enactment of this ,act1 the         
,secretary of the ,treasury1 in         
consultation with the ,secretary of     
,energy and the ,secretary of ,defense1 
shall issue bonds to be known as ,clean 
,energy ,victory ,bonds1 the proceeds   
from which shall be used to carry out   
the purposes described in section       
#ieab7;c7 of the ,internal ,revenue     
,code of #aihf4  7b7 ,savings bond ,any 
,clean ,energy ,victory ,bond issued    
under this section shall be issued by   
the ,secretary of the ,treasury--  7#a7 
as a savings bond of ,series ,,ee1 or as
 administered by the ,bureau of the     
,fiscal ,service of the ,department of  
the ,treasury1 in a manner consistent   

with the provisions of section #caje of 
title #ca1 ,united ,states ,code2 and   
7#b7 in denominations of #be1 and such  
other amounts as are determined         
appropriate by the ,secretary1 and shall
 mature within such periods as          
determined by the ,secretary4  7c7      
,limitation ,the aggregate face amount  
of the ,clean ,energy ,victory ,bonds   
issued annually under this section shall
 be not greater than #ej1jjj1jjj1jjj4   
7d7 ,interest ,clean ,energy ,victory   
,bonds shall bear interest at the rate  
the ,secretary sets for ,savings ,bonds 
of ,series ,,ee and ,series ,i1 plus a  
rate of return determined by the        
,secretary which is based on the        
valuation of--  7#a7 savings achieved   
through reduced energy spending by the  
,federal ,government resulting from     
clean energy projects funded from the   
proceeds of such bonds2 and  7#b7       
interest collected on loans financed or 
guaranteed from the proceeds of such    
bonds4  7e7 ,full faith and credit      

,payment of interest and principal with 
respect to any ,clean ,energy ,victory  
,bond issued under this section shall be
 made from the general fund of the      
,treasury of the ,united ,states and    
shall be backed by the full faith and   
credit of the ,united ,states4  7f7     
,promotion  7#a7 ,in general ,the       
,secretary shall take such actions1     
independently and in conjunction with   
financial institutions offering ,clean  
,energy ,victory ,bonds1 to promote the 
purchase of ,clean ,energy ,victory     
,bonds1 including campaigns describing  
the financial and social benefits of    
purchasing ,clean ,energy ,victory      
,bonds4  7#b7 ,promotional activities   
,such promotional activities may include
 advertisements1 pamphlets1 or other    
promotional materials-- 7,a7 in         
periodicals2  7,b7 on billboards and    
other outdoor venues2  7,c7 on          
television2  7,d7 on radio2  7,e7 on the
 internet2  7,f7 within financial       
institutions that offer ,clean ,energy  

,victory ,bonds2 or  7,g7 any other     
venues or outlets the ,secretary may    
identify4  7g7 ,definition ,for purposes
 of this section-- 7#a7 ,clean energy   
project ,the term clean energy project  
means a technology that provides--  7,a7
 performance-based energy efficiency    
improvements2 or  7,b7 clean energy     
improvements1 including--  7i7          
electricity generated from solar1 wind1 
geothermal1 small scale or micro        
hydropower1 and hydrokinetic energy     
sources2  7ii7 fuel cells using         
non-fossil fuel sources2  7iii7 advanced
 storage technologies2  7iv7 next       
generation biofuels from sustainable    
non-food feedstocks2 and  7v7 electric  
vehicle infrastructure4  7#b7 ,secretary
 ,any reference to the ,secretary of the
 ,treasury shall include any delegate of
 the ,secretary4  #d4 ,clean ,energy    
,victory ,bonds ,trust ,fund  7a7 ,in   
general ,subchapter ,a of chapter #ih of
 the ,internal ,revenue ,code of #aihf  
is amended by adding at the end the     

following new section3  #ieab4 ,clean   
,energy ,victory ,bonds ,trust ,fund    
7a7 ,creation of trust fund ,there is   
established in the ,treasury of the     
,united ,states a trust fund to be known
 as the ,clean ,energy ,victory ,bonds  
,trust ,fund1 consisting of such amounts
 as may be apportioned or credited to   
such ,trust ,fund as provided in this   
section or section #ifjb7;b74  7b7      
,transfers to trust fund ,there are     
hereby appropriated to the ,trust ,fund 
amounts equivalent to-- 7#a7 revenue    
from the issuance of ,clean ,energy     
,victory ,bonds under section #c of the 
,clean ,energy ,victory ,bond ,act of   
#bjai2  7#b7 any gifts of bequests made 
to the ,trust ,fund which are accepted  
by the ,secretary for the benefit of    
such ,fund or any activity financed     
through such ,fund4  7c7 ,expenditures  
from trust funds ,amounts in the ,trust 
,fund shall be available1 without       
further appropriation1 to finance clean 
energy projects at the ,federal1 ,state1

 and local level1 which may include--   
7#a7 providing additional support to    
existing ,federal financing programs    
available to ,states for energy         
efficiency upgrades and clean energy    
deployment2  7#b7 providing funding for 
clean energy investments by ,federal    
agencies2  7#c7 providing funding for   
electric grid enhancements and          
connections that enable clean energy    
deployment2  7#d7 providing funding to  
renovate existing inefficient buildings 
or building new energy efficient        
buildings2  7#e7 providing tax          
incentives and tax credits for clean    
energy technologies2  7#f7 providing    
funding for new innovation research1    
including ,,arpa-,e1 public competitions
 similar to those designed by the ,x    
,prize ,foundation1 the ,office of      
,energy ,efficiency and ,renewable      
,energy at the ,department of ,energy1  
or other mechanisms to fund             
revolutionary clean energy technology2  
7#g7 providing additional support to    

existing ,federal1 ,state1 and local    
grant programs that finance clean energy
 projects 7as defined in section #c7;g7 
of the ,clean ,energy ,victory ,bond    
,act of #bjai72 and  7#h7 providing     
additional support for zero-emission    
vehicle infrastructure and              
manufacturing4  4  7b7 ,clerical        
amendment ,the table of sections for    
subchapter ,a of chapter #ih of such    
,code is amended by adding at the end   
the following new item3  ,sec4 #ieab4   
,clean ,energy ,victory ,bonds ,trust   
,fund4  4