[Congressional Record Volume 158, Number 144 (Tuesday, November 13, 2012)]
[Extensions of Remarks]
[Page E1750]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   SUPPORT CLEAN ENERGY VICTORY BONDS

                                 ______
                                 

                            HON. BOB FILNER

                             of california

                    in the house of representatives

                       Tuesday, November 13, 2012

  Mr. FILNER. Mr. Speaker, I rise today to draw attention to an 
important piece of legislation that I and more than a dozen co-sponsors 
support--the Clean Energy Victory Bonds Act of 2012, H.R. 6275. I urge 
my colleagues to co-sponsor this bill to help create our Nation's clean 
energy economy.
  The Clean Energy Victory Bonds Act would create a new U.S. Treasury 
savings bond that would support the development of our domestic 
renewable energy and energy efficiency sectors. The bond would support 
programs with a proven, successful track record in areas such as wind, 
solar, geothermal technology, fuel cell development, closed loop 
biomass and other renewable technologies. The bond would also support 
home efficiency measures, hybrid electric vehicles and charging 
stations.
  The Clean Energy Victory Bond would be available for as little as 
$25, allowing most Americans access to this investment opportunity that 
can play a key role in generating the energy we need as a world leader. 
Just as the WW II Victory Bond helped our Nation make the profound 
economic shift that the war effort required, the Clean Energy Victory 
Bond can help shift today's economy to the renewable energy foundation 
that our times now require.
  Once enacted, the Clean Energy Victory Bond will leverage $50 billion 
in investment to provide up to $150 billion in both public and private 
financing for clean energy technologies. This investment would create 
at least 1.7 million good jobs across the country. It is crucial that 
the United States increase investment in renewable energy if we are to 
compete globally as other nations surge forward with their own clean 
energy infrastructure and technology.
  Now more than ever, we must take bold steps to address our energy 
security needs for the long term, and by allowing Americans to invest 
safely in renewable energy we can make significant progress toward that 
goal. Mr. Speaker, I ask all my distinguished colleagues to join me in 
cosponsoring the Clean Energy Victory Bonds Act of 2012, H.R. 6275, to 
build America's clean energy future. The well-being of our 
grandchildren and of our Nation as a whole depends on our ability to 
meet our energy needs through cleaner, renewable sources.

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