Representative Bob Filner Introduced the Clean Energy Victory Bonds Act of 2012, H.R. 6275
(Clean Energy Victory Bonds) On August 2, Representative Bob Filner and 10 cosponsors introduced the Clean Energy Victory Bonds Act of 2012, H.R. 6275 in the House of Representatives. The bill, officially entitled “To promote the domestic development and deployment of clean energy technologies required for the 21st century,” will allow all Americans to invest in Treasury Bonds for as little as $25 each that will fund a clean energy future. The $50 billion raised from the bonds will fund clean energy programs that support wind, solar, energy efficiency, and electric vehicles in the United States.
Clean Energy Victory Bonds would extend proven government programs that create clean energy and jobs, including the Investment Tax Credit and Production Tax Credit, for a decade. The funds raised from the bonds would also help homeowners make energy efficiency upgrades to their homes and purchase plug-in and electric cars. The bonds will help ensure American competitiveness in the growing clean energy and transportation industries and will help create over 1.7 million jobs throughout the Unites States.
…Financing made possible by CEVBs would support both the research and manufacturing of:
- Solar (panels and other technologies)
- Wind (turbines)
- Geothermal (drilling water or steam wells to access earth’s heat),
- Second generation biofuels (switch grass and agricultural waste), and
- Electric vehicles (electric motors powered by rechargeable battery packs) and charging stations
- Energy Efficiency (reducing the energy used by homes, offices, etc.)
CEVBs will support companies that research and manufacture cutting-edge technologies, and will provide rebates to consumers who invest in energy efficiency and clean energy technologies for their homes, as well as instant rebates for the purchase of electric vehicles. Through the use of cleaner, energy efficient products, you can expect lower utility costs, and healthier and safer living conditions by reducing local air and water pollution. Furthermore, producing and securing our own energy supply will limit price increases and fluctuations, resulting in stable energy prices for homes and businesses. READ MORE H.R. 6275 Text of legislation Advanced Biofuels USA’s opinion