Bill > HR1474

This bill seeks to promote nuclear energy internationally by instructing the U.S. Treasury Secretary to advocate for nuclear energy financing and support at multilateral development banks like the World Bank and European Bank for Reconstruction and Development. The legislation acknowledges nuclear power's potential as a low-carbon energy source and aims to counter the nuclear energy export efforts of China and Russia by establishing Nuclear Energy Assistance Trust Funds at these institutions. These trust funds would provide financial and technical assistance for nuclear energy projects, with a specific focus on supporting nuclear technologies that meet U.S. or allied country quality standards. The bill requires that these efforts prioritize safe, high-quality nuclear technologies and help borrowing countries develop nuclear energy infrastructure. The legislation also mandates annual reporting on progress in promoting nuclear energy assistance and includes a 10-year sunset provision, meaning the act will automatically expire a decade after its enactment. The bill is partly motivated by the global trend of increasing interest in nuclear power, with 28 countries exploring nuclear energy and a pledge by over 20 countries to triple nuclear energy capacity by 2050.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/1474/all-info