Clean Energy Bonds Act of 2005

Referred to the Committee on Finance.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Apr 28, 2005

Clean Energy Bonds Act of 2005 - Amends the Internal Revenue Code to allow holders of clean energy bonds a nonrefundable tax credit of 25 percent of an annual credit amount as determined by the Secretary of the Treasury. Defines "clean energy bond" as any bond issued by a clean energy bond lender, a cooperative electric company, a governmental body, or the Tennessee Valley Authority (TVA) that is used for capital expenditures for specified projects for producing electricity from certain renewable resources, such as wind, biomass, solar energy, small irrigation power, and municipal solid waste.

Sets forth rules for maturity limitations, arbitrage, and expenditures, including a requirement that 95 percent of proceeds from the sale of a bond issue be spent on a renewable resource project within five years from the date of a bond issuance. Terminates the authority to issue clean energy bonds after 2008.

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People & committees

Who introduced it

Sen. Grassley, Chuck [R-IA] · R–IA

Committees

Finance Committee

20 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Apr 28, 2005
Referred to the Committee on Finance.
Apr 28, 2005
Sponsor introductory remarks on measure. (CR S4573-4574)
Apr 28, 2005
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Apr 28, 2005 Formatted Text PDF

Related bills identified by Congress.gov

HR 2794 · Clean Energy Bonds Act of 2005

Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.

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Analyze S.962 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.962, 109th Congress: Clean Energy Bonds Act of 2005

Official record: https://www.congress.gov/bill/109th-congress/senate-bill/962

Text version to examine: Introduced in Senate · 2005-04-28.

Official full text: https://www.congress.gov/109/bills/s962/BILLS-109s962is.htm

Imported record last updated by the source: 2025-08-15T17:57:25Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.962 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Examine S.962 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss S.962, 109th Congress: Clean Energy Bonds Act of 2005

Official record: https://www.congress.gov/bill/109th-congress/senate-bill/962

Text version to examine: Introduced in Senate · 2005-04-28.

Official full text: https://www.congress.gov/109/bills/s962/BILLS-109s962is.htm

Imported record last updated by the source: 2025-08-15T17:57:25Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.962 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Examine S.962 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss S.962, 109th Congress: Clean Energy Bonds Act of 2005

Official record: https://www.congress.gov/bill/109th-congress/senate-bill/962

Text version to examine: Introduced in Senate · 2005-04-28.

Official full text: https://www.congress.gov/109/bills/s962/BILLS-109s962is.htm

Imported record last updated by the source: 2025-08-15T17:57:25Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.962 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss S.962, 109th Congress: Clean Energy Bonds Act of 2005

Official record: https://www.congress.gov/bill/109th-congress/senate-bill/962

Text version to examine: Introduced in Senate · 2005-04-28.

Official full text: https://www.congress.gov/109/bills/s962/BILLS-109s962is.htm

Imported record last updated by the source: 2025-08-15T17:57:25Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.962 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.