Clean Energy Victory Bond Act of 2023
The Clean Energy Victory Bond Act of 2023 would authorize the U.S. Treasury to issue bonds to the public, raising up to $50 billion annually, to fund clean energy projects nationwide. Proceeds would flow into a new trust fund supporting solar, wind, energy efficiency upgrades, electric vehicle infrastructure, and research, with at least 40% dedicated to disadvantaged communities facing higher environmental health risks or economic challenges. The bonds, backed by the U.S. government, would pay interest based on energy savings and loan returns, similar to savings bonds, and would be promoted through public campaigns. This mechanism aims to finance clean energy deployment without direct government spending, leveraging voluntary public investment.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2023
Committee Review
Floor Vote
President
Introduced Sep 21, 2023
Last action Sep 21, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 21, 2023
Committee
Read twice and referred to the Committee on Finance.
upper
Sep 21, 2023
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeff Merkley
DDemocratic
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