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Supporting Energy Projects in Developing Countries

This act aims to promote the financing of energy projects, including those based on coal, oil, natural gas, and nuclear energy, in developing countries. This could impact energy availability and costs in these regions, potentially improving living conditions and economic development.
Key points
The U.S. will oppose restrictions on financing energy projects (coal, oil, gas, nuclear) by international financial institutions.
The act seeks to reverse existing prohibitions on financing these projects, especially at the World Bank.
A portion of funds for the World Bank may be withheld if it does not change its energy financing policies.
The U.S. government will actively promote international financing for diverse energy projects to help developing countries access affordable and reliable power.
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Introduced
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Additional Information
Print number: 119_S_1783
Sponsor: Sen. Barrasso, John [R-WY]
Process start date: 2025-05-15
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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 119_S_1783.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-15.

What are the main provisions?

Key points include:

  • The U.S. will oppose restrictions on financing energy projects (coal, oil, gas, nuclear) by international financial institutions.
  • The act seeks to reverse existing prohibitions on financing these projects, especially at the World Bank.
  • A portion of funds for the World Bank may be withheld if it does not change its energy financing policies.
  • The U.S. government will actively promote international financing for diverse energy projects to help developing countries access affordable and reliable power.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Economy Environment Public Investments