I 
112TH CONGRESS 
2D SESSION 
H. R. 6275 
To promote the domestic development and deployment of clean energy 
technologies required for the 21st century. 
IN THE HOUSE OF REPRESENTATIVES 
AUGUST 2, 2012 
Mr. FILNER (for himself, Mr. HINCHEY, Mr. KUCINICH, Mr. CICILLINE, Mr. 
QUIGLEY, Mr. CARNAHAN, Mr. CLAY, Ms. PINGREE of Maine, Mr. CAR-
SON of Indiana, Mr. JOHNSON of Georgia, and Mr. ROTHMAN of New 
Jersey) introduced the following bill; which was referred to the Committee 
on Ways and Means, and in addition to the Committees on Energy and 
Commerce, Science, Space, and Technology, and Transportation and In-
frastructure, for a period to be subsequently determined by the Speaker, 
in each case for consideration of such provisions as fall within the juris-
diction 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; FINDINGS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Clean Energy Victory Bond Act of 2012’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
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Sec. 1. Short title; table of contents; findings. 
Sec. 2. Findings. 
TITLE I—REVENUE PROVISIONS 
Sec. 101. Extension and modification of energy investment tax credit. 
Sec. 102. Extension and modification of credit for electricity produced from 
certain renewable resources. 
Sec. 103. Extension and modification of grants for specified energy property in 
lieu of tax credits. 
Sec. 104. Modification of and increased allocation for qualifying advanced en-
ergy project credit. 
Sec. 105. Extension of credit for nonbusiness energy property. 
TITLE II—GRANT PROGRAMS AND LOAN GUARANTEES 
Sec. 201. Plug-in electric vehicle grants in lieu of tax credits. 
Sec. 202. Plug-in hybrid electric vehicle charging station grant program. 
Sec. 203. Extension of renewable energy and electric power transmission loan 
guarantees. 
TITLE III—CLEAN ENERGY VICTORY BONDS 
Sec. 301. Clean Energy Victory Bonds. 
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 
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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-
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 U.S. citizens across the United States. Hun-
dreds of thousands of jobs could be created 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. 
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(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. 
TITLE I—REVENUE PROVISIONS 
SEC. 101. EXTENSION AND MODIFICATION OF ENERGY IN-
VESTMENT TAX CREDIT. 
(a) EXTENSION.— 
(1) SOLAR ENERGY.—Paragraphs (2)(A)(i)(II) 
and (3)(A)(ii) of section 48(a) of the Internal Rev-
enue Code of 1986 are each amended by striking 
‘‘January 1, 2017’’ and inserting ‘‘January 1, 
2023’’. 
(2) GEOTHERMAL HEAT PUMPS.—Clause (vii) 
of section 48(a)(3)(A) of such Code is amended by 
striking ‘‘January 1, 2017’’ and inserting ‘‘January 
1, 2023’’. 
(3) FUEL CELL PROPERTY.—Subparagraph (D) 
of section 48(c)(1) of such Code is amended by 
striking ‘‘December 31, 2016’’ and inserting ‘‘De-
cember 31, 2022’’. 
(4) MICROTURBINE PROPERTY.—Subparagraph 
(D) of section 48(c)(2) of such Code is amended by 
striking ‘‘December 31, 2016’’ and inserting ‘‘De-
cember 31, 2022’’. 
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(5) COMBINED HEAT AND POWER.—Clause (iv) 
of section 48(c)(3) of such Code is amended by 
striking ‘‘January 1, 2017’’ and inserting ‘‘January 
1, 2023’’. 
(6) SMALL WIND.—Subparagraph (C) of section 
48(c)(4) of such Code is amended by striking ‘‘De-
cember 31, 2016’’ and inserting ‘‘December 31, 
2022’’. 
(7) OFFSHORE WIND.— 
(A) IN
GENERAL.—Clause (i) of section 
48(a)(5)(C) of such Code is amended— 
(i) by striking ‘‘is placed in service in’’ 
in clause (i) and inserting the following: 
‘‘is— 
‘‘(I) except as provided in sub-
clause (II), placed in service in’’, 
(ii) by striking the period at the end 
and inserting ‘‘, and’’, and 
(iii) by adding at the end the fol-
lowing new subclause: 
‘‘(II) in the case of an offshore 
wind facility, placed in service after 
December 31, 2008, and before Janu-
ary 1, 2021.’’. 
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(B) OFFSHORE WIND FACILITY.—Subpara-
graph (C) of section 48(a)(5) of such Code is 
amended by adding at the end the following 
new clause: 
‘‘(iii) OFFSHORE
WIND
FACILITY.— 
The term ‘offshore wind facility’ means 
any qualified facility described in section 
45(d)(1) and located in the inland navi-
gable waters of the United States, includ-
ing the Great Lakes, or in the coastal 
waters of the United States, including the 
territorial seas of the United States, the 
exclusive economic zone of United States, 
and the outer Continental Shelf of the 
United States.’’. 
(b) MODIFICATION
OF FUEL CELL PROPERTY.— 
Paragraph (1) of section 48(c) of such Code is amended 
by redesignating subparagraph (D) as subparagraph (E) 
and by inserting after subparagraph (C) the following new 
subparagraph: 
‘‘(D) EXCEPTION
FOR
FUEL
DERIVED 
FROM FOSSIL FUELS.—The term ‘qualified fuel 
cell powerplant’ shall not include any fuel cell 
powerplant the fuel of which is derived from, or 
is produced by using, any fossil fuel.’’. 
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(c) EFFECTIVE DATE.—The amendments made by 
this section shall take effect on the date of the enactment 
of this Act. 
SEC. 102. EXTENSION AND MODIFICATION OF CREDIT FOR 
ELECTRICITY PRODUCED FROM CERTAIN RE-
NEWABLE RESOURCES. 
(a) EXTENSION.—Subsection (d) of section 45 of the 
Internal Revenue Code of 1986 is amended— 
(1) by striking ‘‘January 1, 2013’’ in paragraph 
(1) and inserting ‘‘January 1, 2023’’, 
(2) by striking ‘‘January 1, 2014’’ each place 
it appears in paragraphs (4), (9), and (11) and in-
serting ‘‘January 1, 2023’’, and 
(3) by striking ‘‘January 1, 2006’’ in paragraph 
(4) and inserting ‘‘January 1, 2023’’. 
(b) MODIFICATION OF BIOFUEL AS QUALIFIED EN-
ERGY RESOURCE.— 
(1) IN
GENERAL.—Paragraph (1) of section 
45(c) of such Code is amended by striking ‘‘and’’ at 
the end of subparagraph (H), by striking the period 
at the end of subparagraph (I) and inserting ‘‘, 
and’’, and by adding at the end the following new 
subparagraph: 
‘‘(J) second generation biomass.’’. 
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(2) SECOND GENERATION BIOMASS DEFINED.— 
Subsection (c) of section 45 of such Code is amend-
ed by adding at the end the following new para-
graph: 
‘‘(11) SECOND
GENERATION
BIOMASS.—The 
term ‘second generation biomass’ means any bio-
mass which is composed of lignocellulosic or 
hemicellulosic matter that is available on a renew-
able or recurring basis (other than any fuel de-
scribed in section 40(b)(6)(E)(iii)).’’. 
(3) QUALIFIED
FACILITY.—Subsection (d) of 
section 45 of such Code is amended by adding at the 
end the following new paragraph: 
‘‘(12) SECOND GENERATION BIOMASS.—In the 
case of a facility producing electricity from second 
generation biomass, the term ‘qualified facility’ 
means any facility owned by the taxpayer which is 
originally placed in service on or after the date of 
the enactment of this paragraph and before January 
1, 2023.’’. 
(4) CONFORMING AMENDMENTS.— 
(A) Subsection (d) of section 45 of such 
Code is amended by striking ‘‘January 1, 
2014’’ each place it appears in paragraphs 
(2)(A)(i), (3), (6), and (7) and inserting ‘‘the 
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date of the enactment of the Clean Energy Vic-
tory Bond Act of 2012’’. 
(B) Clause (ii) of section 45(d)(2)(A) of 
such Code is amended by striking ‘‘January 1, 
2014,’’ and inserting ‘‘the date of the enact-
ment of the Clean Energy Victory Bond Act of 
2012’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property placed in service after 
the date of the enactment of this Act. 
SEC. 103. EXTENSION AND MODIFICATION OF GRANTS FOR 
SPECIFIED ENERGY PROPERTY IN LIEU OF 
TAX CREDITS. 
(a) IN GENERAL.—Subsection (a) of section 1603 of 
division B of the American Recovery and Reinvestment 
Act of 2009 is amended— 
(1) in paragraph (1), by striking ‘‘2009, 2010, 
or 2011’’ and inserting ‘‘2009, 2010, 2011, 2012, 
2013, or 2014’’, and 
(2) in paragraph (2)— 
(A) by striking ‘‘after 2011’’ and inserting 
‘‘after 2014’’, and 
(B) by striking ‘‘2009, 2010, or 2011’’ and 
inserting ‘‘2009, 2010, 2011, 2012, 2013, or 
2014’’. 
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(b) MODIFICATION RELATING TO BIOMASS.—Para-
graph (1) of section 1603(d) of division B of such Act 
is amended by striking ‘‘or (11)’’ and inserting ‘‘(11), or 
(12)’’. 
(c) CONFORMING AMENDMENT.—Subsection (j) of 
section 1603 of division B of such Act is amended by strik-
ing ‘‘2012’’ and inserting ‘‘2015’’. 
SEC. 104. MODIFICATION OF AND INCREASED ALLOCATION 
FOR 
QUALIFYING 
ADVANCED 
ENERGY 
PROJECT CREDIT. 
(a) INCREASED ALLOCATION.—Subparagraph (B) of 
section 48C(d) of the Internal Revenue Code of 1986 is 
amended by striking ‘‘$2,300,000,000’’ and inserting 
‘‘$7,300,000,000’’. 
(b) EXTENSION OF APPLICATION DEADLINE.—Sub-
paragraph (A) of section 48C(d)(2) of such Code is 
amended by adding at the end the following new sentence: 
‘‘The application referred to in the preceding sentence 
shall be treated as timely made if submitted not later than 
24 months after the date of the enactment of this Act.’’. 
(c) ELIMINATION OF CARBON DIOXIDE SEQUESTRA-
TION.—Clause (i) of section 48C(c)(1)(A) of such Code 
is amended by striking subclause (IV) and by redesig-
nating subclauses (V), (VI), and (VII) as subclauses (IV), 
(V), and (VI), respectively. 
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(d) MODIFICATION
OF SELECTION CRITERIA
FOR 
RENEWABLE FUEL PROJECTS.—Subparagraph (B) of 
section 48C(d)(3) is amended by striking ‘‘and’’ at the end 
of clause (iv), by striking the period at the end of clause 
(v) and inserting ‘‘, and’’, and by adding at the end the 
following new clause: 
‘‘(vi) in the case of a project with re-
spect to property designed to refine or 
blend renewable fuels, do not produce a net 
increase in carbon dioxide emissions and 
do not use inputs which displace food 
crops.’’. 
(e) EFFECTIVE DATE.—The amendment made by 
this section shall apply to credits allocated after the date 
of the enactment of this Act. 
SEC. 105. EXTENSION OF CREDIT FOR NONBUSINESS EN-
ERGY PROPERTY. 
Paragraph (2) of section 25C(g) of the Internal Rev-
enue Code of 1986 is amended by striking ‘‘December 31, 
2011’’ and inserting ‘‘December 31, 2022’’. 
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TITLE II—GRANT PROGRAMS 
AND LOAN GUARANTEES 
SEC. 201. PLUG-IN ELECTRIC VEHICLE GRANTS IN LIEU OF 
TAX CREDITS. 
(a) IN GENERAL.—The Secretary of Energy, in con-
sultation with the Secretary of the Treasury, shall estab-
lish a voluntary program through which the Secretary of 
Energy shall— 
(1) authorize the issuance of an electronic 
voucher to offset the purchase price of a qualified 
plug-in electric vehicle or a new qualified plug-in 
electric drive motor vehicle purchased from a dealer 
participating in the program; 
(2) register dealers for participation in the pro-
gram and require that all dealers so registered ac-
cept such vouchers as partial payment or down pay-
ment for the purchase of any such vehicle offered for 
sale by such dealer; 
(3) make electronic payments to dealers for eli-
gible transactions by such dealers; and 
(4) in consultation with the Inspector General 
of the Department of Transportation establish and 
provide for the enforcement of measures to prevent 
and penalize fraud under the program. 
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(b) VOUCHER
LIMITATIONS.—A voucher issued 
under the program shall have a value that may be applied 
to offset the purchase price of a vehicle by— 
(1) in the case of a qualified plug-in electric ve-
hicle, $2,500; or 
(2) in the case of a new qualified plug-in elec-
tric drive motor vehicle, $2,500 plus an amount de-
termined with respect to the vehicle under section 
30D(b)(3) of the Internal Revenue Code of 1986. 
(c) TREATED AS ADVANCE PAYMENT OF CREDIT.— 
Use of a voucher under the program to offset the purchase 
price of a vehicle shall, for purposes of the Internal Rev-
enue Code of 1986, be treated as advance payment of the 
credit allowed under section 30 or 30D of such Code, as 
the case may be, and the amount of credit which would 
(but for this paragraph) be allowable with respect to such 
vehicle under either such section shall be reduced (but not 
below zero) by the amount of the voucher so used. 
(d) DEFINITIONS AND SPECIAL RULES.—For pur-
poses of this section— 
(1) QUALIFIED PLUG-IN ELECTRIC VEHICLE.— 
The term ‘‘qualified plug-in electric vehicle’’ shall 
have the meaning given such term by section 30(d) 
of the Internal Revenue Code of 1986. 
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(2) NEW QUALIFIED PLUG-IN ELECTRIC DRIVE 
MOTOR VEHICLE.—The term ‘‘new qualified plug-in 
electric drive motor vehicle’’ shall have the meaning 
given such term by section 30D(d) of such Code. 
(3) NO COMBINATION OF VOUCHERS.—Only 1 
voucher issued under the program may be applied 
toward the purchase of a single vehicle. 
(4) COMBINATION
WITH
OTHER
INCENTIVES 
PERMITTED.—The availability or use of a Federal, 
State, or local incentive or a State-issued voucher 
for the purchase of any vehicle shall not limit the 
value or issuance of a voucher under the program to 
any person otherwise eligible to receive such a 
voucher. 
(5) NO ADDITIONAL FEES.—A dealer partici-
pating in the program may not charge a person pur-
chasing a vehicle any additional fees associated with 
the use of a voucher under the program. 
(6) APPLICATION OF CERTAIN RULES.—Rules 
similar to the rules of paragraphs (1), (2), (3), (4), 
and (5) of section 30(e) of such Code shall apply for 
purposes of this section. 
(e) TERMINATION AND PHASEOUT.— 
(1) TERMINATION
FOR
QUALIFIED
PLUG-IN 
ELECTRIC VEHICLES.—This section shall not apply 
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to any qualified plug-in electric vehicle acquired 
after December 31, 2015. 
(2) PHASEOUT FOR NEW QUALIFIED PLUG-IN 
ELECTRIC DRIVE MOTOR VEHICLE.—The amount of 
any voucher with respect to any new qualified plug- 
in electric drive motor vehicle shall be reduced as 
provided in section 30D(e) of the Internal Revenue 
Code of 1986. 
(f) REGULATIONS.—The Secretary of Energy, in con-
sultation with the Secretary of the Treasury, shall pre-
scribe such regulations as may be necessary or appropriate 
to carry out the purposes of this section. 
SEC. 202. PLUG-IN HYBRID ELECTRIC VEHICLE CHARGING 
STATION GRANT PROGRAM. 
(a) AVAILABILITY OF FUNDS.—From amounts raised 
through the sale of Clean Energy Victory Bonds, the Sec-
retary of the Treasury shall provide funding to the Sec-
retary of Energy to establish the plug-in hybrid electric 
vehicle charging station grant program under subsection 
(b) and the new battery technology research and develop-
ment program under subsection (c). 
(b) PLUG-IN HYBRID ELECTRIC VEHICLE CHARGING 
STATION GRANT PROGRAM.—To the extent that funding 
is available pursuant to subsection (a), the Secretary of 
Energy shall provide up to a total of $500,000,000 in 
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