3.0.0 758 2023-01-11T13:47:42Z 2023-09-05T17:28:05Z Senate S 2021-03-16 117 ssfr00 Foreign Relations Committee Senate Standing Referred to 2021-03-16T16:09:18Z 2021-03-16 ssfr00 Foreign Relations Committee Senate Read twice and referred to the Committee on Foreign Relations. IntroReferral 2021-03-16 Introduced in Senate IntroReferral 10000 9 Library of Congress B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY N L000571 Sen. Lummis, Cynthia M. [R-WY] Cynthia Lummis R WY M. 2021-03-16 True H001079 Sen. Hyde-Smith, Cindy [R-MS] Cindy Hyde-Smith R MS 2021-03-16 True C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX 2021-03-16 True H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND 2021-03-16 True H000601 Sen. Hagerty, Bill [R-TN] Bill Hagerty R TN 2021-03-16 True C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2021-03-16 True I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2021-03-16 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2021-03-17 False C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2021-03-22 False International Affairs Administrative law and regulatory procedures Coal Competitiveness, trade promotion, trade deficits Congressional oversight Electric power generation and transmission Foreign aid and international relief Foreign loans and debt Multilateral development programs Nuclear power Oil and gas International Affairs 00 2021-03-16 Introduced in Senate 2021-05-24T16:57:12Z Combating Global Poverty Through Energy Development Act

This bill supports the elimination of restrictions that limit support for certain energy projects at specified international financial institutions.

Specifically, the bill requires the Department of the Treasury to instruct the U.S. executive directors of certain financial institutions (e.g., the International Finance Corporation, the International Monetary Fund, and the Inter-American Development Bank) to (1) oppose any restriction or prohibition on the financing of coal, oil, natural gas, or civil nuclear energy projects; and (2) seek to rescind current restrictions or prohibitions on this financing.

Further, not more than 50% of amounts made available for the International Bank for Reconstruction and Development may be used until Treasury certifies that the bank (1) has rescinded any restrictions or prohibitions on the financing of coal, oil, natural gas, or civil nuclear energy projects; and (2) has in effect a policy promoting the financing of these projects.

Treasury must coordinate with designated agencies to identify steps the United States can take to promote international financing of these energy projects in order to help developing countries access affordable and reliable power.

]]> Combating Global Poverty Through Energy Development Act Display Title Combating Global Poverty Through Energy Development Act Official Title as Introduced A bill to support financing of affordable and reliable energy projects by international financial institutions, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Combating Global Poverty Through Energy Development Act Introduced in Senate IS Introduced in Senate 2021-03-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s758is/xml/BILLS-117s758is.xml 2021-03-16 Read twice and referred to the Committee on Foreign Relations. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.