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US SB1446

Bill

Status

Introduced

4/10/2025

Primary Sponsor

Jeff Merkley

Click for details

Origin

Senate

119th Congress

AI Summary

  • Secretary of the Treasury must issue "Clean Energy Victory Bonds" within 6 months of enactment, with annual issuance capped at $50 billion and minimum denominations of $25

  • Bond proceeds fund a new Clean Energy Victory Bonds Trust Fund for clean energy projects including solar, wind, geothermal, hydropower, energy storage, electric vehicle infrastructure, building efficiency upgrades, and grid enhancements

  • Bonds issued as Series EE savings bonds backed by full faith and credit of the United States, with interest based on standard Series EE/I rates plus additional returns from government energy savings and loan interest

  • At least 40% of annual Trust Fund expenditures must go to projects in disadvantaged communities bearing disproportionate environmental burdens, with significant low-income, minority, or Tribal populations

  • Secretary required to promote bond purchases through advertising campaigns across television, radio, internet, billboards, and financial institutions highlighting financial and social benefits

Legislative Description

Clean Energy Victory Bond Act of 2025

Energy

Last Action

Read twice and referred to the Committee on Finance.

4/10/2025

Committee Referrals

Finance4/10/2025

Full Bill Text

No bill text available