Clean Energy Victory Bonds: Citizen Investment in Renewable Infrastructure
This law establishes a new type of government savings bond, available to citizens starting at $25, specifically designed to finance clean energy projects like solar, wind, and electric vehicle infrastructure nationwide. The proceeds are directed to a dedicated Trust Fund, which is mandated to allocate at least 40% of the funds to projects in disadvantaged communities, helping them reduce energy costs. This offers a voluntary investment opportunity while simultaneously boosting green job creation and national energy security.
Key points
Citizens can purchase special government savings bonds (starting at $25) to fund clean energy development across the US.
The bonds offer interest based on standard savings bond rates plus an additional return tied to the energy savings generated by the funded projects.
A new Clean Energy Trust Fund will finance grid upgrades, EV infrastructure, and research into revolutionary clean energy technology.
At least 40% of the funds must be spent on projects in vulnerable communities to lower their energy rates and improve local environments.
Expired
Additional Information
Print number: 118_S_2893
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2023-09-21