Bill > S758

This bill, the Combating Global Poverty Through Energy Development Act, seeks to support the financing of affordable and reliable energy projects by international financial institutions. Specifically, it instructs the U.S. Executive Directors of certain international financial institutions, such as the World Bank and International Monetary Fund, to oppose any rules, regulations, policies, or guidelines that would restrict or prohibit the financing of coal, oil, natural gas, or civil nuclear energy projects. The bill also requires the Secretary of the Treasury to pursue policy changes at the International Bank for Reconstruction and Development to reverse its restrictions on financing coal power generation, upstream oil and gas exploration and production, and civil nuclear energy projects. Furthermore, the bill limits funding for the International Bank for Reconstruction and Development until it rescinds any rules or policies that restrict or prohibit the financing of these energy projects and promotes their financing.