Bill > HR5845

This bill establishes a comprehensive sovereign lending program to support energy security and sustainable development in Latin America and the Caribbean. The program will provide zero or low-interest loans to eligible countries to address their short-term energy needs, fund clean energy transition projects, and support technical assistance programs. Countries must apply and provide detailed information about proposed energy projects, including their economic viability, environmental impact, and potential for job creation. The bill prioritizes countries that share democratic values and specifically prohibits funds from supporting entities with connections to China, Russia, or other foreign adversaries. Preference will be given to projects that link energy systems across multiple countries, address climate change impacts, enhance market integration, and can attract private sector funding. The lending program is authorized with $100 million annually through 2031 and includes provisions for annual audits and progress reports to Congress. The broader goals include strengthening U.S. national security interests, promoting clean energy development, reducing carbon emissions, and supporting economic stability in the region. Key international organizations like the International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change (IPCC) are cited to provide context for the urgent need to address energy security and climate challenges.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/5845/all-info