To provide for advocation of support for nuclear energy, and establish a nuclear energy assistance trust fund, at the World Bank, the European Bank for Reconstruction and Development, and other international financial institutions, as appropriate, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates congressional findings on nuclear energy role, Russian/Chinese nuclear export dominance, and international pledge to triple nuclear capacity by 2050, amends International Financial Institutions Act to direct U.S. advocacy at World Bank and EBRD for removing nuclear energy financing prohibitions and building internal assessment capacity, and requires detailed provisions for new Section 1506 directing U.S. Executive Directors to advocate for removing nuclear energy prohibitions at MDBs for technologies meeting U.S./allied quality standards, with 10-year. It relies on compliance mandates, appropriations, grants, and reporting requirements. The main policy areas are Energy and Finance.
Who Benefits and How
U.S. and allied nuclear technology companies could gain revenue opportunities, U.S. nuclear technology exporters could gain revenue opportunities, and U.S. nuclear energy industry could gain revenue opportunities.
Who Bears the Burden and How
Non-OECD Arrangement exporters (Russia, China) could face higher barriers, Russian and Chinese nuclear exporters could face higher barriers, and World Bank and EBRD would take on compliance duties.
Key Provisions
- Creates congressional findings on nuclear energy role, Russian/Chinese nuclear export dominance, and international pledge to triple nuclear capacity by 2050.
- Amends International Financial Institutions Act to direct U.S. advocacy at World Bank and EBRD for removing nuclear energy financing prohibitions and building internal assessment capacity.
- Requires detailed provisions for new Section 1506 directing U.S. Executive Directors to advocate for removing nuclear energy prohibitions at MDBs for technologies meeting U.S./allied quality standards, with 10-year...
- Amends IFI Act to create Section 1507 establishing Nuclear Energy Assistance Trust Funds at World Bank, EBRD, and other IFIs for financing nuclear energy projects exclusively using U.S./allied quality technologies.
- Creates detailed provisions for Section 1507 trust funds: purposes include financial/technical assistance, competitive financing to counter non-Arrangement credit, exclusively Western-standard technologies, capacity...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates congressional findings on nuclear energy role, Russian/Chinese nuclear export dominance, and international pledge to triple nuclear capacity by 2050, amends International Financial Institutions Act to direct U.S. advocacy at World Bank and EBRD for removing nuclear energy financing prohibitions and building internal assessment capacity, and requires detailed provisions for new Section 1506 directing U.S. Executive Directors to advocate for removing nuclear energy prohibitions at MDBs for technologies meeting U.S./allied quality standards, with 10-year.
Key Policy Areas
Energy, Finance
Primary Purpose
The bill creates congressional findings on nuclear energy role, Russian/Chinese nuclear export dominance, and international pledge to triple nuclear capacity by 2050, amends International Financial Institutions Act to direct U.S. advocacy at World Bank and EBRD for removing nuclear energy financing prohibitions and building internal assessment capacity, and requires detailed provisions for new Section 1506 directing U.S. Executive Directors to advocate for removing nuclear energy prohibitions at MDBs for technologies meeting U.S./allied quality standards, with 10-year.
Policy Domains
Section 3 - Multilateral Development Bank Support
Identified Gains
- U.S. and allied nuclear technology companies
- U.S. nuclear technology exporters
- U.S. nuclear energy industry
- Developing countries seeking nuclear energy
- Developing countries adopting nuclear energy
Identified Costs
- Non-OECD Arrangement exporters (Russia, China)
- Russian and Chinese nuclear exporters
- World Bank and EBRD
- National Advisory Council on International Monetary and Financial Policies
- Russian nuclear exporter Rosatom
Sponsors
Legislative Progress
IntroducedMr. McCormick (for himself and Mr. Coons) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Non-OECD Arrangement exporters (Russia, China), Nuclear energy industry, Russian and Chinese nuclear exporters
Positive-direction: Nuclear energy industry, U.S. and allied nuclear technology companies, U.S. nuclear energy industry, U.S. nuclear technology exporters
Negative-direction: Non-OECD Arrangement exporters (Russia, China), Russian and Chinese nuclear exporters, Russian nuclear exporter Rosatom
Developing countries adopting nuclear energy, Developing countries seeking nuclear energy
International financial institutions, World Bank and EBRD
National Advisory Council on International Monetary and Financial Policies
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of the Treasury
- "the_secretary"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
Institution specified in section 1701(c)(2) of the International Financial Institutions Act
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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