S 5374
Combating Global Poverty Through Energy Development Act
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Bill overview
This bill, the Combating Global Poverty Through Energy Development Act, aims to support energy projects in developing countries by directing the United States to oppose restrictions imposed by international financial institutions on financing coal, oil, natural gas, and civil nuclear energy projects. It specifically instructs the U.S. Executive Director at these institutions to reverse existing policies and prioritize financing for these energy sources, with a temporary hold on funding to the International Bank for Reconstruction and Development until certain policy changes are implemented. The bill also requires a report detailing efforts to remove restrictions and promote financing of these energy projects.
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