I 
117TH CONGRESS 
1ST SESSION H. R. 3886 
To direct the Secretary of the Treasury to issue Clean Energy Victory 
Bonds. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 15, 2021 
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 Committees on Energy and Commerce, and Science, Space, 
and Technology, for a period to be subsequently determined by the 
Speaker, in each case for consideration of such provisions as fall within 
the jurisdiction of the committee concerned 
A BILL 
To direct the Secretary of the Treasury to issue Clean 
Energy Victory Bonds. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Clean Energy Victory 
Bond Act of 2021’’. 
SEC. 2. FINDINGS. 
Congress finds the following: 
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(1) Potential exists for increasing clean and re-
newable energy production and energy efficiency in-
stallation in the United States. 
(2) Other nations, including China and Ger-
many, are ahead of the United States in manufac-
turing and deploying various clean energy tech-
nologies, even though many of these technologies 
were invented in the United States. 
(3) Climate change represents an existential 
threat to the safety, security, and economy of the 
United States. Rapid and robust deployment of 
clean energy will reduce greenhouse gas emissions 
and mitigate the effects of climate change on Amer-
ican society. 
(4) Many segments of the American public 
want to take charge of efforts to combat the effects 
of climate change and practice responsible consumer 
behavior. 
(5) The Office of Energy Efficiency and Renew-
able Energy of the Department of Energy (referred 
to in this section as the ‘‘EERE’’) estimates that 
taxpayer investment of $12,000,000,000 into the 
EERE research and development portfolio has al-
ready yielded an estimated net economic benefit to 
the United States of more than $230,000,000,000, 
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with an overall annual return on investment of more 
than 20 percent. 
(6) Investments in renewable energy and energy 
efficiency projects in the United States create green 
jobs throughout the Nation. New and innovative jobs 
could be created through expanded government sup-
port for clean energy and energy efficiency. 
(7) As Americans choose energy efficiency and 
clean energy and transportation, it reduces our de-
pendence on foreign oil and improves our energy se-
curity. 
(8) Bonds are a low-cost method for encour-
aging clean energy, as they do not require direct 
budget allocations or expenditures. The projects sup-
ported through Clean Energy Victory Bonds will cre-
ate jobs and business revenues that will increase 
Federal tax revenues, while simultaneously reducing 
nationwide health and environmental costs incurred 
by the Federal Government. 
(9) Bonds are voluntary measures that allow 
Americans to contribute financially in whatever 
amount is available to them. 
(10) During World War II, over 80 percent of 
American households purchased Victory Bonds to 
support 
the 
war 
effort, 
raising 
over 
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$185,000,000,000, or over $2,000,000,000,000 in 
today’s dollars. 
SEC. 3. DEFINITIONS. 
For purposes of this Act: 
(1) CLEAN
ENERGY
PROJECT.—The term 
‘‘clean energy project’’ means a technology that pro-
vides— 
(A) performance-based energy efficiency 
improvements; or 
(B) clean energy improvements, includ-
ing— 
(i) electricity generated from solar, 
wind, geothermal, small-scale hydropower, 
and hydrokinetic energy sources; 
(ii) fuel cells using non-fossil fuel 
sources; 
(iii) advanced storage technologies; 
and 
(iv) electric vehicle infrastructure. 
(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury or the Secretary’s del-
egate. 
SEC. 4. CLEAN ENERGY VICTORY BONDS. 
(a) IN GENERAL.—Not later than 6 months after the 
date of the enactment of this Act, the Secretary, in con-
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