The bill would create a loan program for eligible countries in Latin America and the Caribbean. Loans could support immediate energy needs, clean energy projects, technical assistance, U.S. company investment, and battery purchases. The bill would also direct U.S. agencies to support selected energy infrastructure projects, including power lines, energy storage, and projects that improve electricity access. Loan applicants would have to report on project viability, jobs, environmental effects, and impacts on marginalized communities. Funds could not support certain companies or state-owned enterprises linked to China, Russia, or other foreign adversaries. The bill also requires regular progress reports and annual audits.
Eligible partner countries could apply for loans and seek U.S. support for energy projects. The bill gives preference to some projects, such as those that connect countries' energy systems or improve energy access for underserved communities. It does not provide direct assistance to individuals.
The bill authorizes $100 million for each fiscal year from 2026 through 2031 for the loan program. It does not specify the total cost of other assistance under the bill.
The bill states that its purpose is to support energy security, clean energy, and sustainable growth in Latin America and the Caribbean, while advancing U.S. foreign policy and economic interests.
No publicly available information.