part IV of subchapter A of chapter 1) are each amended by striking Build America Bonds and inserting Build America Bonds and Clean Energy Bonds . (3) The table of sections for subchapter B of chapter 65 of subtitle F is amended by adding at the end the following new item: Sec. 6433. Credit for qualified clean energy bonds allowed to issuer. . (4) Subparagraph (A) of section 6211(b)(4) is amended by striking and 6431 and inserting 6431, and 6433 . (d) Gross-Up of payment to issuers in case of sequestration (1) In general In the case of any payment under subsection (b) of section 6433 of the Internal Revenue Code of 1986 (as added by this Act) made after the date of the enactment of this Act to which sequestration applies, the amount of such payment shall be increased to an amount equal to— (A) such payment (determined before such sequestration), multiplied by (B) the quotient obtained by dividing 1 by the amount by which 1 exceeds the percentage reduction in such payment pursuant to such sequestration. (2) Sequestration For purposes of this subsection, the term sequestration means any reduction in direct spending ordered by the President under the Balanced Budget and Emergency Deficit Control Act of 1985 or the Statutory Pay-As-You-Go Act of 2010. (e) Effective date The amendments made by this section shall apply to obligations issued after the date of the enactment of this Act.