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No Energy Source Restrictions for US Development Projects

This bill prohibits a U.S. financial corporation from restricting the type of energy used in electricity projects in developing countries. The aim is to ensure access to affordable electricity by promoting diverse sources like oil, gas, coal, wind, or solar. Citizens in these countries can expect more stable access to power, regardless of energy source preferences.
Key points
The U.S. financial corporation cannot block energy projects in developing countries based on the energy source used.
An 'all-of-the-above' energy development strategy will be promoted, including renewable and fossil fuels.
The goal is to provide affordable electricity in low-income countries, potentially improving residents' quality of life.
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Additional Information
Print number: 117_S_2516
Sponsor: Sen. Barrasso, John [R-WY]
Process start date: 2021-07-28