[Congressional Record Volume 162, Number 17 (Thursday, January 28, 2016)]
[Senate]
[Page S374]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3102. Mr. UDALL submitted an amendment intended to be proposed to 
amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to 
provide for the modernization of the energy policy of the United 
States, and for other purposes; which was ordered to lie on the table; 
as follows:

       At the appropriate place, insert the following:

     SEC. ___. CLEAN ENERGY VICTORY BONDS.

       (a) In General.--Not later than July 1, 2016, the Secretary 
     of the Treasury, in coordination with the Secretary of Energy 
     and the Secretary of Defense, shall submit a report to 
     Congress that provides recommendations for the establishment, 
     issuance, and promotion of Clean Energy Victory Bonds by the 
     Department of the Treasury (referred to in this section as 
     the ``Clean Energy Victory Bonds Program'').
       (b) Requirements.--For purposes of subsection (a), the 
     Clean Energy Victory Bonds Program shall be designed to--
       (1) ensure that any available proceeds from the issuance of 
     Clean Energy Victory Bonds are used to finance clean energy 
     projects (as defined in subsection (c)) at the Federal, 
     State, and local level, which may include--
       (A) providing additional support to existing Federal 
     financing programs available to States for energy efficiency 
     upgrades and clean energy deployment, and
       (B) providing funding for clean energy investments by the 
     Department of Defense and other Federal agencies,
       (2) provide for payment of interest to persons holding 
     Clean Energy Victory Bonds through such methods as are 
     determined appropriate by the Secretary of the Treasury, 
     including amounts--
       (A) recaptured from savings achieved through reduced energy 
     spending by entities receiving any funding or financial 
     assistance described in paragraph (1), and
       (B) collected as interest on loans financed or guaranteed 
     under the Clean Energy Victory Bonds Program,
       (3) issue bonds in denominations of not less than $25 or 
     such amount as is determined appropriate by the Secretary of 
     the Treasury to make them generally accessible to the public, 
     and
       (4) collect not more than $50,000,000,000 in revenue from 
     the issuance of Clean Energy Victory Bonds for purposes of 
     financing clean energy projects described in paragraph (1).
       (c) Clean Energy Project.--The term ``clean energy 
     project'' means a project which provides--
       (1) performance-based energy efficiency improvements, or
       (2) clean energy improvements, including--
       (A) electricity generated from solar, wind, geothermal, 
     micro-hydropower, and hydrokinetic energy sources,
       (B) fuel cells using non-fossil fuel sources,
       (C) advanced batteries,
       (D) next generation biofuels from non-food feedstocks, and
       (E) electric vehicle infrastructure.
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