117 HR 5876 IH: Supporting Affordable and Reliable Energy in Developing Countries Act of 2021 U.S. House of Representatives 2021-11-04 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.

I117th CONGRESS1st SessionH. R. 5876IN THE HOUSE OF REPRESENTATIVESNovember 4, 2021Mr. McKinley (for himself, Mr. Graves of Louisiana, Mr. Burgess, and Mr. Crenshaw) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concernedA BILLTo prohibit the implementation of climate finance plans, and for other purposes.

1.

Short title

This Act may be cited as the Supporting Affordable and Reliable Energy in Developing Countries Act of 2021.

2.

Prohibition on implementation of climate finance plans

(a)

Prohibition

(1)

Federal agency; Government corporation

No Federal agency or Government corporation may implement a climate finance plan that would prohibit, or have the effect of prohibiting, the financing of a covered project.(2)

United States position in international financial institutions

The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution to use the voice and vote of the United States to oppose the provision by the institution of any form of support for the implementation of a climate finance plan described in paragraph (1).(b)

Definitions

In this section:(1)

Climate finance plan

The term climate finance plan means a climate finance plan, as described in Executive Order 14008 (86 Fed. Reg. 7619).(2)

Covered project

The term covered project means a project to construct a facility that—(A)uses a fossil fuel or nuclear reaction as a source of energy to generate electricity; and(B)would—(i)provide affordable electricity in a developing country;(ii)increase the export of clean energy technologies, including carbon capture, utilization, and storage, wind, solar, or nuclear technologies, from the United States or any domestic resource with a lower lifecycle emissions rate than large scale global alternatives;(iii)not put the United States at a competitive disadvantage with the People’s Republic of China or another country that continues to encourage the construction of facilities that use a fossil fuel or nuclear reaction as a source of energy to generate electricity; or(iv)prevent the loss of jobs in the United States.(3)

Federal agency

The term Federal agency has the meaning given the term agency in section 551 of title 5, United States Code.(4)

Fossil fuel

The term fossil fuel means natural gas, petroleum, coal, or any form of solid, liquid, or gaseous fuel derived from natural gas, petroleum, coal which may be used to create useful heat.(5)

Government corporation

The term Government corporation has the meaning given that term in section 103 of title 5, United States Code.(6)

International financial institution

The term international financial institution has the meaning given the term in section 1701(c)(2) of the International Financial Institutions Act.