; table of contents This Act may be cited as the Clean Energy Victory Bond Act of 2018 . 2. Findings Congress finds the following: (1) There is enormous potential for increasing renewable energy production and energy efficiency installation in the United States. (2) In order to expand renewable energy and energy efficiency technologies in the United States, and maintain United States leadership, the United States must invest in research and development of these technologies. The Office of Energy Efficiency and Renewable Energy of the Department of Energy (EERE) estimates that taxpayer investment of $12 billion into EERE research and development portfolio has already yielded an estimated net economic benefit to the United States of more than $230 billion, with an overall annual return on investment of more than 20 percent. (3) Other nations, including China and Germany are ahead of the United States in manufacturing and deploying various clean energy technologies, even though the United States invented many of these technologies. (4) Investments in renewable energy and energy efficiency projects in the United States create green jobs for United States citizens across the United States. Hundreds of thousands of jobs could be created through expanded government support for clean energy and energy efficiency. (5) As Americans choose energy efficiency and clean energy and transportation, it reduces our dependence on foreign oil and improves our energy security. (6) Bonds are a low-cost method for encouraging clean energy, not requiring direct budget allocations or expenditures. The projects supported through Clean Energy Victory Bonds will create jobs and business revenues that will increase Federal tax revenues, while simultaneously reducing health and environmental costs incurred by the Federal Government nationwide. (7) In World War II, over 80 percent of American households purchased Victory Bonds to support the war effort, raising over $185 billion, or over $2 trillion in today’s dollars. 3. Clean Energy Victory