Bill > S2893

This bill, the Clean Energy Victory Bond Act of 2023, directs the Secretary of the Treasury to issue Clean Energy Victory Bonds, the proceeds of which will be used to fund clean energy projects at the federal, state, and local levels. The bill establishes the Clean Energy Victory Bonds Trust Fund to manage the revenue from the bond issuance, and specifies that at least 40% of the funds must be used for clean energy projects in disadvantaged and vulnerable communities. The bonds will be issued as savings bonds, with interest rates based on savings achieved through reduced government energy spending and interest collected on loans financed or guaranteed from the bond proceeds. The bill also requires the Secretary to promote the purchase of these bonds to the public.