The bill would direct U.S. representatives at several international financial institutions to oppose restrictions on financing coal, oil, natural gas, and civil nuclear energy projects. It would also seek to reverse specified financing limits at the International Bank for Reconstruction and Development. The Treasury Secretary would identify ways to promote energy financing for developing countries and report to Congress. Starting in fiscal year 2026, no more than half of certain funds for that Bank could be used until the Secretary certifies that the Bank has removed the listed restrictions and has a policy promoting financing for these energy projects.
The bill focuses on U.S. actions at international financial institutions. It does not set out a direct service or benefit for individuals.
The bill limits the use of funds made available for the International Bank for Reconstruction and Development until the required certification. It does not state a total cost.
No publicly available information.
No publicly available information.