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Energy Security for Latin America and Caribbean: Stability and Renewables

This act aims to strengthen energy security in Latin American and Caribbean countries through lending programs and project support. It seeks to stabilize the region, reduce reliance on unstable energy sources, and facilitate a transition to renewable energy, potentially impacting energy prices and availability for citizens.
Key points
Establishes a zero-interest or low-interest loan program for Latin American and Caribbean countries for energy purposes, including renewable energy projects.
Provides diplomatic and financial support for energy infrastructure projects that enhance energy independence and resilience to economic shocks.
Prioritizes projects that link energy systems of multiple countries and those that utilize U.S. goods and services.
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Additional Information
Print number: 117_HR_7934
Sponsor: Rep. Espaillat, Adriano [D-NY-13]
Process start date: 2022-06-03