S. 758 · 117th Congress
Combating Global Poverty Through Energy Development Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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BarrassoSponsor9 cosponsors · 9 R
R
Cornyn
TC
R
Cruz
BH
R
Hagerty
JH
R
Hoeven
CH
R
Hyde-Smith
JI
R
Inhofe
CL
R
Lummis
KC
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Cramer
BC
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Cassidy7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill supports the elimination of restrictions that limit support for certain energy projects at specified international financial institutions.
What it does: CRS summary · Introduced in Senate · Mar 16, 2021
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the International Bank for Reconstruction and Development may be used until Treasury certifies that the bank (1) has rescinded any restrictions or prohibitions on the financing of coal, oil, natural gas, or civil nuclear energy projects; and (2) has in effect a policy promoting the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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Combating Global Poverty Through Energy Development Act
Latest action (Mar 16, 2021): Read twice and referred to the Committee on Foreign Relations.
Policy area: International Affairs · Origin: Senate · Introduced: Mar 16, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.