,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #djda ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #be1 #bjai,ms4 ,l(gr5 7= h]self & ,ms4 ,matsui7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committees on ,en]gy & ,comm]ce1 & ,sci5ce1 ,space1 & ,te*nology1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to promote ! dome/ic developm5t & deploym5t ( clean en]gy te*nologies requir$ = ! #ba/ c5tury4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,clean ,en]gy ,victory ,bond ,act ( #bjai4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,pot5tial exi/s = increas+ clean & r5ewable en]gy production & en]gy effici5cy in/allation 9 ! ,unit$ ,/ates4 7#b7 ,o!r nations1 includ+ ,*9a & ,g]many1 are ahead ( ! ,unit$ ,/ates 9 manufactur+ & deploy+ v>i\s clean en]gy te*nologies1 ev5 ?\gh ! ,unit$ ,/ates inv5t$ _m ( ^! te*nologies4 7#c7 ,climate *ange repres5ts an exi/5tial ?reat to ,am]ican safety1 security1 & ! economy4 ,rapid & robu/ deploym5t ( clean en]gy w r$uce gre5h\se gas emissions & mitigate ! effects ( climate *ange on ,am]ican society4 7#d7 ,_m segm5ts ( ! ,am]ican public want to take *>ge ( ef=ts to combat ! effects ( climate *ange & practice responsible consum] behavior4 7#e7 ,! ,(fice ( ,en]gy ,effici5cy & ,r5ewable ,en]gy 7,,e]e7 ( ! ,dep>tm5t ( ,en]gy 7,,doe7 e/imates t taxpay] inve/m5t ( #ab billion into ,,e]e rese>* & developm5t portfolio has already yield$ an e/imat$ net economic b5efit to ! ,unit$ ,/ates ( m ?an #bcj billion1 ) an ov]all annual return on inve/m5t ( m ?an #bj p]c5t4 7#f7 ,inve/m5ts 9 r5ewable en]gy & en]gy effici5cy projects 9 ! ,unit$ ,/ates create gre5 jobs across ! ,unit$ ,/ates4 ,new & innovative jobs c\ld be creat$ ?r\gh exp&$ gov]nm5t support = clean en]gy & en]gy effici5cy4 7#g7 ,z ,am]icans *oose en]gy effici5cy & clean en]gy & transportation1 x r$uces our dep5d5ce on =eign oils & improves our en]gy security4 7#h7 ,bonds are a l[-co/ me?od = enc\rag+ clean en]gy1 n requir+ direct budget allocations or exp5ditures4 ,! projects support$ ?r\gh ,clean ,en]gy ,victory ,bonds w create jobs & bus9ess rev5ues t w increase ,f$]al tax rev5ues1 :ile simultane\sly r$uc+ heal? & environm5tal co/s incurr$ by ! ,f$]al ,gov]nm5t nationwide4 7#i7 ,bonds are volunt>y measures t all[ ,am]icans to contribute f9ancially at :atev] means !y h available to !m4 7#aj7 ,9 ,_w ,w> ,,ii1 ov] #hj p]c5t ( ,am]ican h\seholds pur*as$ ,victory ,bonds to support ! w> ef=t1 rais+ ov] #ahe billion1 or ov] #b trillion 9 today's doll>s4 #c4 ,clean ,en]gy ,victory ,bonds 7a7 ,issuance ,n lat] ?an #f mon?s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury1 9 consultation ) ! ,secret>y ( ,en]gy & ! ,secret>y ( ,def5se1 %all issue bonds to be kn[n z ,clean ,en]gy ,victory ,bonds1 ! proce$s f :i* %all be us$ to c>ry out ! purposes describ$ 9 section #ieab7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7b7 ,sav+s bond ,any ,clean ,en]gy ,victory ,bond issu$ "u ?is section %all be issu$ by ! ,secret>y ( ! ,treasury-- 7#a7 z a sav+s bond ( ,s]ies ,,ee1 or z adm9i/]$ by ! ,bureau ( ! ,fiscal ,s]vice ( ! ,dep>tm5t ( ! ,treasury1 9 a mann] consi/5t ) ! provisions ( section #caje ( title #ca1 ,unit$ ,/ates ,code2 & 7#b7 9 d5om9ations ( #be1 & su* o!r am\nts z are det]m9$ appropriate by ! ,secret>y1 & %all mature )9 su* p]iods z det]m9$ by ! ,secret>y4 7c7 ,limitation ,! aggregate face am\nt ( ! ,clean ,en]gy ,victory ,bonds issu$ annually "u ?is section %all be n great] ?an #ej1jjj1jjj1jjj4 7d7 ,int]e/ ,clean ,en]gy ,victory ,bonds %all be> int]e/ at ! rate ! ,secret>y sets = ,sav+s ,bonds ( ,s]ies ,,ee & ,s]ies ,i1 plus a rate ( return det]m9$ by ! ,secret>y :i* is bas$ on ! valuation (-- 7#a7 sav+s a*iev$ ?r\gh r$uc$ en]gy sp5d+ by ! ,f$]al ,gov]nm5t result+ f clean en]gy projects fund$ f ! proce$s ( su* bonds2 & 7#b7 int]e/ collect$ on loans f9anc$ or gu>ante$ f ! proce$s ( su* bonds4 7e7 ,full fai? & cr$it ,paym5t ( int]e/ & pr9cipal ) respect to any ,clean ,en]gy ,victory ,bond issu$ "u ?is section %all be made f ! g5]al fund ( ! ,treasury ( ! ,unit$ ,/ates & %all be back$ by ! full fai? & cr$it ( ! ,unit$ ,/ates4 7f7 ,promotion 7#a7 ,9 g5]al ,! ,secret>y %all take su* actions1 indep5d5tly & 9 conjunction ) f9ancial in/itutions (f]+ ,clean ,en]gy ,victory ,bonds1 to promote ! pur*ase ( ,clean ,en]gy ,victory ,bonds1 includ+ campaigns describ+ ! f9ancial & social b5efits ( pur*as+ ,clean ,en]gy ,victory ,bonds4 7#b7 ,promotional activities ,su* promotional activities may include adv]tisem5ts1 pamphlets1 or o!r promotional mat]ials-- 7,a7 9 p]iodicals2 7,b7 on billbo>ds & o!r outdoor v5ues2 7,c7 on television2 7,d7 on radio2 7,e7 on ! int]net2 7,f7 )9 f9ancial in/itutions t (f] ,clean ,en]gy ,victory ,bonds2 or 7,g7 any o!r v5ues or outlets ! ,secret>y may id5tify4 7g7 ,def9ition ,= purposes ( ?is section-- 7#a7 ,clean en]gy project ,! t]m clean en]gy project means a te*nology t provides-- 7,a7 p]=mance-bas$ en]gy effici5cy improvem5ts2 or 7,b7 clean en]gy improvem5ts1 includ+-- 7i7 electricity g5]at$ f sol>1 w9d1 geo!rmal1 small scale or micro hydrop[]1 & hydrok9etic en]gy s\rces2 7ii7 fuel cells us+ non-fossil fuel s\rces2 7iii7 advanc$ /orage te*nologies2 7iv7 next g5]ation bi(uels f su/a9able non-food fe$/ocks2 & 7v7 electric vehicle infra/ructure4 7#b7 ,secret>y ,any ref]5ce to ! ,secret>y ( ! ,treasury %all include any delegate ( ! ,secret>y4 #d4 ,clean ,en]gy ,victory ,bonds ,tru/ ,fund 7a7 ,9 g5]al ,sub*apt] ,a ( *apt] #ih ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #ieab4 ,clean ,en]gy ,victory ,bonds ,tru/ ,fund 7a7 ,creation ( tru/ fund ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a tru/ fund to be kn[n z ! ,clean ,en]gy ,victory ,bonds ,tru/ ,fund1 consi/+ ( su* am\nts z may be apportion$ or cr$it$ to su* ,tru/ ,fund z provid$ 9 ?is section or section #ifjb7;b74 7b7 ,transf]s to tru/ fund ,!re are h]eby appropriat$ to ! ,tru/ ,fund am\nts equival5t to-- 7#a7 rev5ue f ! issuance ( ,clean ,en]gy ,victory ,bonds "u section #c ( ! ,clean ,en]gy ,victory ,bond ,act ( #bjai2 7#b7 any gifts ( beque/s made to ! ,tru/ ,fund :i* are accept$ by ! ,secret>y = ! b5efit ( su* ,fund or any activity f9anc$ ?r\gh su* ,fund4 7c7 ,exp5ditures f tru/ funds ,am\nts 9 ! ,tru/ ,fund %all be available1 )\t fur!r appropriation1 to f9ance clean en]gy projects at ! ,f$]al1 ,/ate1 & local level1 :i* may include-- 7#a7 provid+ additional support to exi/+ ,f$]al f9anc+ programs available to ,/ates = en]gy effici5cy upgrades & clean en]gy deploym5t2 7#b7 provid+ fund+ = clean en]gy inve/m5ts by ,f$]al ag5cies2 7#c7 provid+ fund+ = electric grid enhancem5ts & connections t enable clean en]gy deploym5t2 7#d7 provid+ fund+ to r5ovate exi/+ ineffici5t build+s or build+ new en]gy effici5t build+s2 7#e7 provid+ tax inc5tives & tax cr$its = clean en]gy te*nologies2 7#f7 provid+ fund+ = new innovation rese>*1 includ+ ,,arpa-,e1 public competitions simil> to ^? design$ by ! ,x ,prize ,f\ndation1 ! ,(fice ( ,en]gy ,effici5cy & ,r5ewable ,en]gy at ! ,dep>tm5t ( ,en]gy1 or o!r me*anisms to fund revolution>y clean en]gy te*nology2 7#g7 provid+ additional support to exi/+ ,f$]al1 ,/ate1 & local grant programs t f9ance clean en]gy projects 7z def9$ 9 section #c7;g7 ( ! ,clean ,en]gy ,victory ,bond ,act ( #bjai72 & 7#h7 provid+ additional support = z]o-emission vehicle infra/ructure & manufactur+4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = sub*apt] ,a ( *apt] #ih ( su* ,code is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #ieab4 ,clean ,en]gy ,victory ,bonds ,tru/ ,fund4 4