Last month, I introduced H.R. 6275, the Clean Energy Victory Bonds Act, which gives all Americans the opportunity to invest in new clean energy technologies. This legislation will create over 1.7 million competitive American jobs, increase energy security, and secure our nation's competitiveness in the rapidly growing field of clean energy technologies.
Hands down our top priority is putting Americans back to work by creating good middle-class jobs. If we can do that and spur the production of clean energy technology at the same time, we will have made tremendous progress. This will give Americans who want to invest in clean energy and create new jobs, the opportunity to do so.
The Clean Energy Victory Bonds Act draws on the powerful history of Americans investing together to ensure our nation's victories. During World War II, millions of Americans purchased Victory Bonds, raising over $185 billion for the war effort, the equivalent of over $2 trillion in today's dollars.
The Clean Energy Victory Bonds Act provides a way for Americans to invest in our country's future and ensure that the American economy remains competitive for generations to come.
The legislation also extends the federal Production Tax Credit (PTC) for wind energy which is set to expire at the end of this year. The PTC is responsible for thousands of jobs which would be put in jeopardy if it expires.