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Supporting Energy Financing for Developing Nations

This act aims to encourage international financial institutions to support energy projects, including those based on coal, oil, gas, and nuclear power, in developing countries. This is intended to help ensure access to more affordable and reliable energy, potentially improving living conditions and economic development in these regions.
Key points
The U.S. will push international banks not to restrict financing for energy projects, including those involving fossil fuels and nuclear power.
A portion of funds for the International Bank for Reconstruction and Development may be withheld if the bank does not change its energy financing policies.
The U.S. government will actively promote international investments in energy projects to help poorer countries gain access to electricity.
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Additional Information
Print number: 117_S_758
Sponsor: Sen. Barrasso, John [R-WY]
Process start date: 2021-03-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Combating Global Poverty Through Energy Development Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_758.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-16.

What are the main provisions?

Key points include:

  • The U.S. will push international banks not to restrict financing for energy projects, including those involving fossil fuels and nuclear power.
  • A portion of funds for the International Bank for Reconstruction and Development may be withheld if the bank does not change its energy financing policies.
  • The U.S. government will actively promote international investments in energy projects to help poorer countries gain access to electricity.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Barrasso, John [R-WY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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