Bill > S1446

This bill aims to establish Clean Energy Victory Bonds as a voluntary financial instrument to support clean energy initiatives in the United States. The bill directs the Secretary of the Treasury to issue these bonds, with an annual cap of $50 billion, drawing inspiration from World War II Victory Bonds. The bonds would be savings bonds available in denominations of $25 and other amounts, with interest rates set by the Treasury and potentially enhanced by savings from clean energy projects. The proceeds from these bonds would be deposited into a new Clean Energy Victory Bonds Trust Fund, which would finance a wide range of clean energy projects including energy efficiency upgrades, federal agency investments, electric grid enhancements, building renovations, tax incentives, innovation research, and zero-emission vehicle infrastructure. Importantly, the bill mandates that at least 40% of the funds be directed to disadvantaged and vulnerable communities that have historically borne disproportionate environmental burdens. The legislation is motivated by findings that the United States is falling behind other nations in clean energy technology, climate change poses an existential threat, and previous government investments in renewable energy have yielded significant economic benefits. The bonds are designed to allow Americans to voluntarily contribute to clean energy efforts while potentially earning returns and supporting national energy security and environmental goals.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1446/all-info