I 
114TH CONGRESS 
1ST SESSION H. R. 4162 
To promote the domestic development and deployment of clean energy 
technologies required for the 21st century. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 2, 2015 
Ms. LOFGREN (for herself and Ms. MATSUI) introduced the following bill; 
which was referred to the Committee on Ways and Means, and in addi-
tion to the Committee on Energy and Commerce, for a period to be sub-
sequently determined by the Speaker, in each case for consideration of 
such provisions as fall within the jurisdiction of the committee concerned 
A BILL 
To promote the domestic development and deployment of 
clean energy technologies required for the 21st century. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Clean Energy Victory Bond Act of 2015’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Findings. 
TITLE I—CLEAN ENERGY VICTORY BONDS 
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Sec. 101. Clean Energy Victory Bonds. 
TITLE II—REVENUE PROVISIONS 
Sec. 201. Extension and modification of energy investment tax credit. 
Sec. 202. Extension of residential energy efficient property credit. 
Sec. 203. Extension and modification of credit for electricity produced from 
certain renewable resources. 
Sec. 204. Extension of credit for nonbusiness energy property. 
Sec. 205. Performance based home energy improvements. 
Sec. 206. Extension of new energy efficient home credit. 
Sec. 207. Extension and modification of energy efficient commercial buildings 
deduction. 
Sec. 208. Plug-in electric vehicle grants in lieu of tax credits. 
SEC. 2. FINDINGS. 
Congress finds the following: 
(1) There is enormous potential for increasing 
renewable energy production and energy efficiency 
installation in the United States. 
(2) A major barrier to rapid expansion of re-
newable energy and energy efficiency is upfront cap-
ital costs. Government tax incentives and other as-
sistance programs have proven beneficial in encour-
aging private sector development, manufacturing 
and installation of renewable energy and energy effi-
ciency projects nationwide. However, these govern-
ment incentives are not currently meeting demand 
from the private sector, and we are not taking full 
advantage of the potential for clean energy and 
transportation, as well as energy efficiency in the 
United States. 
(3) Other nations, including China and Ger-
many are ahead of the United States in manufac-
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turing and deploying various clean energy tech-
nologies, even though the United States invented 
many of these technologies. 
(4) Investments in renewable energy and energy 
efficiency projects in the United States create green 
jobs for United States citizens across the United 
States. Hundreds of thousands of jobs could be cre-
ated through expanded government support for clean 
energy and energy efficiency. 
(5) As Americans choose energy efficiency and 
clean energy and transportation, it reduces our de-
pendence on foreign oil and improves our energy se-
curity. 
(6) Bonds are a low-cost method for encour-
aging clean energy, not requiring direct budget allo-
cations or expenditures. The projects supported 
through Clean Energy Victory Bonds will create jobs 
and business revenues that will increase Federal tax 
revenues, while simultaneously reducing health and 
environmental costs incurred by the Federal Govern-
ment nationwide. 
(7) In World War II, over 80 percent of Amer-
ican households purchased Victory Bonds to support 
the war effort, raising over $185 billion, or over $2 
trillion in today’s dollars. 
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TITLE I—CLEAN ENERGY 
VICTORY BONDS 
SEC. 101. CLEAN ENERGY VICTORY BONDS. 
(a) INITIAL CAPITALIZATION.—The Secretary of the 
Treasury shall issue Clean Energy Victory Bonds in an 
amount not to exceed $7,500,000,000 on the credit of the 
United States for purposes of raising revenue for the ex-
tension of certain energy-related tax benefits extended by 
this Act. 
(b) DENOMINATIONS AND MATURITY.—Clean Energy 
Victory Bonds shall be in the form of United States Sav-
ings Bonds of Series EE or as administered by the Bureau 
of the Public Debt of the Department of the Treasury in 
denominations of $25, and shall mature within such peri-
ods as determined by the Secretary of the Treasury. 
(c) INTEREST.—Clean Energy Victory Bonds shall 
bear interest at the rate the Secretary of the Treasury 
sets for Savings Bonds of Series EE and Series I, plus 
a rate of return determined by the Secretary of the Treas-
ury which is based on the valuation of carbon mitigated 
or energy saved through funded projects funded from the 
proceeds of such bonds. 
(d) PROMOTION.— 
(1) IN GENERAL.—The Secretary of the Treas-
ury shall take such actions, independently and in 
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conjunction with financial institutions offering Clean 
Energy Victory Bonds, to promote the purchase of 
Clean Energy Victory Bonds, including campaigns 
describing the financial and social benefits of pur-
chasing Clean Energy Victory Bonds. 
(2) 
PROMOTIONAL
ACTIVITIES.—Such 
pro-
motional activities may include advertisements, pam-
phlets, or other promotional materials— 
(A) in periodicals; 
(B) on billboards and other outdoor 
venues; 
(C) on television; 
(D) on radio; 
(E) on the Internet; 
(F) within financial institutions that offer 
Clean Energy Victory Bonds; or 
(G) any other venues or outlets the Sec-
retary of the Treasury may identify. 
(3) LIMITATION.—There are authorized to be 
appropriated for such promotional activities not 
more than— 
(A) $10,000,000 in the first year after the 
date of the enactment of this Act, and 
(B) $2,000,000 in each year thereafter. 
(e) FUTURE CAPITALIZATION.— 
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(1) IN GENERAL.—After the initial capitaliza-
tion limit is reached under subsection (a), the Sec-
retary of the Treasury may issue additional Clean 
Energy Victory Bonds on the credit of the United 
States. 
(2) SINGLE ISSUE LIMITATION.—No such addi-
tional issue may exceed $7,500,000,000. 
(3) AGGREGATE LIMITATIONS.—The aggregate 
of any such additional issues during the 4-year pe-
riod beginning on the day after the initial capitaliza-
tion limit is reached under subsection (a) may not 
exceed $50,000,000,000. The aggregate of any such 
additional issues after the expiration of such 4-year 
period may not exceed $50,000,000,000. 
(f) LAWFUL INVESTMENTS.—Clean Energy Victory 
Bonds shall be lawful investments, and may be accepted 
as security for all fiduciary, trust, and public funds, the 
investment or deposit of which shall be under the author-
ity or control of the United States or any officer or officers 
thereof. 
TITLE II—REVENUE PROVISIONS 
SEC. 201. EXTENSION AND MODIFICATION OF ENERGY IN-
VESTMENT TAX CREDIT. 
(a) EXTENSION.— 
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