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US Support for Global Nuclear Energy Financing via World Bank

This Act mandates the US Treasury Secretary to instruct US representatives at international financial institutions, such as the World Bank, to actively support funding for nuclear energy projects globally. The goal is to promote clean energy, enhance US national security by countering Russian and Chinese influence in the nuclear sector, and facilitate access to modern nuclear technology for emerging economies. Citizens should be aware that their government is directing international financial resources toward global nuclear energy development.
Key points
The US will use its influence in the World Bank and other financial institutions to promote loans for nuclear power plant construction abroad.
This action aims to increase global energy security and promote safer US nuclear technologies over Russian and Chinese designs.
The law includes a 10-year expiration date (sunset clause) after its enactment.
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Expired
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Additional Information
Print number: 118_HR_806
Sponsor: Rep. McHenry, Patrick T. [R-NC-10]
Process start date: 2023-02-02
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

International Nuclear Energy Financing Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_806.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-02-02.

What are the main provisions?

Key points include:

  • The US will use its influence in the World Bank and other financial institutions to promote loans for nuclear power plant construction abroad.
  • This action aims to increase global energy security and promote safer US nuclear technologies over Russian and Chinese designs.
  • The law includes a 10-year expiration date (sunset clause) after its enactment.
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 Rep. McHenry, Patrick T. [R-NC-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Environment Security