Energy Security Partnership: Reducing Russian Reliance and Strengthening North American Supply Chains.
This Act establishes programs to reduce the reliance of the U.S. and allied nations on Russian energy and mineral resources. This involves significant investment in domestic energy and mineral production, potentially creating jobs in U.S. mining and manufacturing sectors. Furthermore, it strengthens energy cooperation with Canada and Mexico, aiming to stabilize energy prices and supplies for North American consumers.
Key points
Financial support ($500 million) for allies (including Ukraine, NATO members) to reduce dependence on Russian natural gas, petroleum, coal, and nuclear fuel, prioritizing U.S.-produced resources.
Strengthening U.S. energy security by investing in domestic supply chains for critical materials and technologies (e.g., semiconductors, energy storage, nuclear energy).
Establishing an energy cooperation program with Mexico and Canada, including loans for joint energy projects, aimed at increasing energy production and efficiency across North America.
Increasing the financing limit for the Export-Import Bank (EXIM) to $200 billion and expanding its role in financing energy and mineral projects (including fossil fuels and nuclear) abroad.
Expired
Citizen Poll