To direct the Secretary of the Treasury to issue Clean Energy Victory Bonds.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates congressional findings establishing the rationale for Clean Energy Victory Bonds, citing climate threats, clean energy benefits, job creation potential, and historical precedent of WWII Victory Bonds, defines key terms including clean energy project (solar, wind, geothermal, hydropower, fuel cells, storage, EV infrastructure) and Secretary (Treasury), and requires Treasury to issue Clean Energy Victory Bonds within 6 months, capped at $50 billion annually, in $25 denominations, bearing competitive interest rates tied to energy savings achieved. It relies on appropriations, grants, definition changes, and loan guarantees. The main policy areas are Energy, Finance, Science & Space, and Housing.
Who Benefits and How
Wind electricity generators could gain revenue opportunities, Solar electricity generators could gain revenue opportunities, and Low-income and minority communities could see lower costs.
Who Bears the Burden and How
Federal government (Treasury) could face higher costs.
Key Provisions
- Creates congressional findings establishing the rationale for Clean Energy Victory Bonds, citing climate threats, clean energy benefits, job creation potential, and historical precedent of WWII Victory Bonds.
- Defines key terms including clean energy project (solar, wind, geothermal, hydropower, fuel cells, storage, EV infrastructure) and Secretary (Treasury).
- Requires Treasury to issue Clean Energy Victory Bonds within 6 months, capped at $50 billion annually, in $25 denominations, bearing competitive interest rates tied to energy savings achieved.
- Establishes the Clean Energy Victory Bonds Trust Fund in the Treasury, appropriating bond proceeds for clean energy projects, requiring at least 40% of expenditures benefit disadvantaged communities.
- Creates internal Revenue Code section establishing the Clean Energy Victory Bonds Trust Fund with expenditure authority for federal, state, and local clean energy projects and 40% environmental justice requirement.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates congressional findings establishing the rationale for Clean Energy Victory Bonds, citing climate threats, clean energy benefits, job creation potential, and historical precedent of WWII Victory Bonds, defines key terms including clean energy project (solar, wind, geothermal, hydropower, fuel cells, storage, EV infrastructure) and Secretary (Treasury), and requires Treasury to issue Clean Energy Victory Bonds within 6 months, capped at $50 billion annually, in $25 denominations, bearing competitive interest rates tied to energy savings achieved.
Key Policy Areas
Energy, Finance, Science & Space, Housing
Primary Purpose
The bill creates congressional findings establishing the rationale for Clean Energy Victory Bonds, citing climate threats, clean energy benefits, job creation potential, and historical precedent of WWII Victory Bonds, defines key terms including clean energy project (solar, wind, geothermal, hydropower, fuel cells, storage, EV infrastructure) and Secretary (Treasury), and requires Treasury to issue Clean Energy Victory Bonds within 6 months, capped at $50 billion annually, in $25 denominations, bearing competitive interest rates tied to energy savings achieved.
Policy Domains
Clean Energy Victory Bond Act of 2025
Identified Gains
- Wind electricity generators
- Solar electricity generators
- Low-income and minority communities
- Disadvantaged and environmental justice communities
- State energy efficiency programs
Identified Costs
- Federal government (Treasury)
Sponsors
Legislative Progress
IntroducedMr. Merkley introduced the following bill; which was read twice …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Federal agencies with energy portfolios, Federal government (Treasury)
Positive-direction: Federal agencies with energy portfolios
Negative-direction: Federal government (Treasury)
Disadvantaged and environmental justice communities, Low-income and minority communities
Renewable energy companies, Solar electricity generators
Electric vehicle charging station operators, Electric vehicle infrastructure companies
Clean energy technology researchers (ARPA-E)
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
A technology that provides performance-based energy efficiency improvements or clean energy improvements including electricity from solar, wind, geothermal, small-scale hydropower, and hydrokinetic sources; fuel cells using non-fossil fuel sources; advanced storage technologies; and electric vehicle infrastructure
The Secretary of the Treasury or the Secretary delegate
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology