Bill

Bill > HR4041


US HR4041

US HR4041
Clean Energy Victory Bond Act of 2019


summary

Introduced
07/25/2019
In Committee
07/26/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A BILL To promote the domestic development and deployment of clean energy technologies required for the 21st century. 1

AI Summary

This bill, the Clean Energy Victory Bond Act of 2019, aims to promote the domestic development and deployment of clean energy technologies in the United States. The key provisions of the bill include: 1. Authorizing the Secretary of the Treasury to issue "Clean Energy Victory Bonds" with a total annual issuance limit of $50 billion. These bonds would be offered as savings bonds with interest rates based on the savings and revenue generated from the clean energy projects funded by the bond proceeds. 2. Establishing the "Clean Energy Victory Bonds Trust Fund" to manage the bond proceeds, which would be used to finance various clean energy projects at the federal, state, and local levels, such as supporting existing clean energy financing programs, funding grid enhancements, building energy-efficient buildings, and providing tax incentives for clean energy technologies. 3. Requiring the Secretary of the Treasury to promote the sale of Clean Energy Victory Bonds through advertising and other outreach efforts. The bill aims to leverage public investment to spur the development and deployment of clean energy technologies in the United States, with the goal of reducing greenhouse gas emissions and mitigating the effects of climate change.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (7)

Last Action

Referred to the Subcommittee on Energy. (on 07/26/2019)

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