,,ii #aac? ,,congress #b;d ,session ,s4 #bdcc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #e1 #bjad ,mr4 ,m>key introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,=eign ,relations ,a ,,bill ,to provide assi/ance to ,ukra9e to r$uce ! dep5d5ce ( ,ukra9e on imports ( natural gas f ! ,russian ,f$]ation1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,ukra9ian ,indep5d5ce f ,russian ,en]gy ,act4 #b4 ,f9d+s ,congress makes ! foll[+ f9d+s3 7#a7 ,ukra9e is dep5d5t on natural gas supplies f ! ,russian ,f$]ation to meet m ?an half ( dem& 9 ,ukra9e4 7#b7 ,entities own$ by ! ,gov]nm5t ( ! ,russian ,f$]ation h manipulat$ natural gas supplies & prices 9 ,ukra9e 9 ord] to ga9 geopolitical lev]age ov] ,ukra9e & neighbor+ c\ntries ( ,ukra9e4 7#c7 ,en]gy subsidies provid$ by ! ,gov]nm5t ( ,ukra9e am\nt to r\ghly #h p]c5t ( ! gross dome/ic product ( ,ukra9e & make en]gy m>kets opaque1 ineffici5t1 & susceptible to corruption4 7#d7 ,ukra9e is ! second-lea/ en]gy effici5t c\ntry 9 ! _w4 7#e7 ,! ,int]national ,en]gy ,ag5cy has e/imat$ t if ! economy ( ,ukra9e 7 z en]gy effici5t z ! av]age c\ntry 9 ,europe1 ,ukra9e w\ld r$uce natural gas consumption by great] ?an #ej p]c5t4 7#f7 ,! level ( sav+s f ! r$uction describ$ 9 p>agraph 7#f7 c\ld ne>ly elim9ate ! dep5d5ce ( ,ukra9e on imports ( natural gas f ! ,russian ,f$]ation4 7#g7 ,! ,_w ,bank ,gr\p has e/imat$ t ,ukra9e c\ld r$uce ! am\nt ( natural gas us$ = heat+ by #ej p]c5t ?r\gh effici5cy measures4 7#h7 ,on ,april #be1 #bjad1 a coalition ( #ce cities 9 ,ukra9e s5t a lett] urg5tly reque/+ assi/ance 9 increas+ ! en]gy effici5cy ( _! build+s1 di/rict heat+ sy/ems1 & transportation networks 9 ord] to r$uce dep5d5ce on imports ( natural gas f ! ,russian ,f$]ation4 7#i7 ,a #ag1jjj1jjj1jjj loan package f ! ,int]national ,monet>y ,fund to help /abilize ! economy ( ,ukra9e requires re=ms ( en]gy m>kets 9 ,ukra9e & includes provisions to gradually elim9ate en]gy subsidies1 :i* w raise retail natural gas rates by #ef p]c5t 9 #bjad1 #dj p]c5t 9 #bjae1 & #bj p]c5t 9 #bjaf & #bjag4 7#aj7 ,abs5t l>ge r$uctions 9 en]gy consumption1 ! rate increases m&at$ by ! ,int]national ,monet>y ,fund loan package f ! ,int]national ,monet>y ,fund c\ld h deva/at+ impacts on l[-income h\seholds 9 ,ukra9e4 7#aa7 ,ukra9e is e/imat$ to h significant conv5tional & unconv5tional oil & gas res]ves1 :i* are mo/ly untapp$4 7#ab7 ,! ,int]national ,en]gy ,ag5cy has e/imat$ t ,ukra9e possesses natural gas res]ves ( approximately #e1djj1jjj1jjj1jjj cubic met]s1 al?\gh ! annexation ( ,crimea by ! ,russian ,f$]ation may impact ,ukra9e's recov]able oil & gas res]ves4 7#ac7 ,exports ( liquefi$ natural gas f ! ,unit$ ,/ates to ,ukra9e w\ld n provide assi/ance = ,ukra9e 9 ! %ort t]m & w\ld be unlikely to rea* ,ukra9e 9 ! long t]m because-- 7,a7 ( natural gas global m>ket dynamics2 7,b7 !re are no liquefi$ natural gas import facilities 9 ,ukra9e2 & 7,c7 ! ,gov]nm5t ( ,turkey has indicat$ x w\ld block %ipm5ts ( liquefi$ natural gas ?r\gh ! ,bosphorus ,/rait because ( safety conc]ns4 #c4 ,policy on support+ en]gy indep5d5ce ( ,ukra9e ,x is ! policy ( ! ,unit$ ,/ates to use all res\rces ( ! ,unit$ ,/ates ,gov]nm5t-- 7#a7 to coord9ate ) multi-donor ef=ts to re=m en]gy subsidies provid$ by ! ,gov]nm5t ( ,ukra9e & en]gy m>kets 9 ,ukra9e2 7#b7 to enc\rage private sector inve/m5t 9 ! en]gy sector ( ,ukra9e2 7#c7 to protect l[-income h\seholds 9 ,ukra9e f dramatic increases 9 en]gy rates2 7#d7 to increase transp>5cy & r$uce corruption 9 ! en]gy sector ( ,ukra9e2 7#e7 to improve en]gy effici5cy1 increase dome/ic en]gy supplies1 & develop alt]native s\rces ( en]gy 9 ,ukra9e 9 ord] to r$uce ! reliance ( ,ukra9e on en]gy f ! ,russian ,f$]ation2 & 7#f7 to increase ! capacity ( ag5cies ( ! ,gov]nm5t ( ,ukra9e1 nongov]nm5tal organizations1 & private entities to adm9i/] & manage en]gy effici5cy & en]gy security-relat$ projects 9 ,ukra9e4 #d4 ,assi/ance f ! unit$ /ates ag5cy = int]national developm5t 7a7 ,9 g5]al ,! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t %all1 9 fiscal ye>s #bjae ?r\gh #bjag-- 7#a7 prioritize1 to ! ext5t feasible1 ! provision ( direct assi/ance to ,ukra9e to improve en]gy effici5cy1 increase en]gy supplies produc$ 9 ,ukra9e1 & r$uce reliance on en]gy imports f ! ,russian ,f$]ation ?r\gh measures describ$ 9 subsection 7b72 & 7#b7 ?r\gh ! ,developm5t ,cr$it ,au?ority1 make loan1 lease1 & bond gu>antees to appropriate f9ancial in/itutions & o!r eligible borr[]s to facilitate ! involvem5t ( su* in/itutions & o!r borr[]s 9 f9anc+ & exp&+ ef=ts 9 ,ukra9e to improve en]gy effici5cy1 increase en]gy supplies produc$ 9 ,ukra9e1 & r$uce reliance on en]gy imports f ! ,russian ,f$]ation ?r\gh measures describ$ 9 subsection 7b74 7b7 ,measures describ$ ,! measures describ$ 9 ?is subsection include-- 7#a7 replac+ ineffici5t boil]s2 7#b7 upgrad+ di/rict heat+ sy/ems2 7#c7 improv+ met]+ & measurem5t sy/ems = natural gas use & heat+2 7#d7 upgrad+ natural gas & heat di/ribution sy/ems1 includ+ pipes t leak or are poorly insulat$2 7#e7 improv+ ! effici5cy ( build+s2 7#f7 r$uc+ losses 9 natural gas transmission sy/ems2 7#g7 improv+ ! effici5cy ( compressor /ations2 7#h7 improv+ effici5cy 9 ! indu/rial sector2 7#i7 legal & regulatory support focus$ on natural gas & electricity m>ket rules1 regulations1 & transp>5cy1 develop$ 9 accordance ) ! t]ms ( ! /&-by arrangem5t betwe5 ! ,int]national ,monet>y ,fund & ,ukra9e1 approv$ 9 ,april #bjad2 7#aj7 support = /ructur+ ( gas & electricity m>kets ) co/-reflective pric+1 develop$ 9 accordance ) ! t]ms ( ! /&-by arrangem5t2 7#aa7 enc\rag+ great] natural gas & electricity int]connections betwe5 ,ukra9e & neighbor+ c\ntries2 7#ab7 develop+ r5ewable s\rces ( en]gy2 & 7#ac7 develop+ en]gy transmission1 ref9+1 & /orage facilities4 7c7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t #aj1jjj1jjj = ea* ( fiscal ye>s #bjae ?r\gh #bjag to c>ry out ?is section4 #e4 ,assi/ance f ! ,dep>tm5t ( ,/ate 7a7 ,9 g5]al ,! ,secret>y ( ,/ate %all1 9 fiscal ye>s #bjae ?r\gh #bjag1 coord9ate ! activities ( ,unit$ ,/ates ag5cies relat$ to ! en]gy sector ( ,ukra9e & prioritize1 to ! ext5t feasible1 support & te*nical assi/ance to increase responsible production 9 & transp>5cy ( ! natural gas sector 9 ,ukra9e ?r\gh measures t include-- 7#a7 res\rce & te*nology assessm5ts2 7#b7 evaluation ( production capabilities2 7#c7 economic assessm5ts ( pot5tial res\rces2 & 7#d7 dissem9ation ( int]national be/ practices & provision ( legal & regulatory in=mation & guidance to help e/abli% en]gy policies t-- 7,a7 protect public heal? & safety2 7,b7 protect ! environm5t2 7,c7 effectively manage royalties & rev5ue2 & 7,d7 increase transp>5cy & r$uce corruption4 7b7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,secret>y ( ,/ate #b1ejj1jjj = ea* ( fiscal ye>s #bjae ?r\gh #bjag to c>ry out ?is section4 #f4 ,promotion ( ,unit$ ,/ates private sector p>ticipation 9 en]gy effici5cy & en]gy developm5t 9 ,ukra9e 7a7 ,9 g5]al ,! ,director ( ! ,trade & ,developm5t ,ag5cy %all promote ,unit$ ,/ates private sector ef=ts to help improve en]gy effici5cy1 develop dome/ic oil & natural gas res]ves1 & develop r5ewable s\rces ( en]gy 9 ,ukra9e by-- 7#a7 conduct+ & fund+ project prep>ation activities1 feasibility /udies1 te*nical assi/ance1 pilot projects1 rev]se trade missions1 conf]5ces1 & work%ops2 & 7#b7 provid+ any o!r assi/ance t ! ,director consid]s appropriate to promote su* ef=ts4 7b7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,director ( ! ,trade & ,developm5t ,ag5cy #a1jjj1jjj = ea* ( fiscal ye>s #bjae ?r\gh #bjag to c>ry out ?is section4 #g4 ,support f ! ,ov]seas ,private ,inve/m5t ,corporation ,! ,ov]seas ,private ,inve/m5t ,corporation %all-- 7#a7 prioritize support = inve/m5ts to help increase en]gy effici5cy1 develop dome/ic oil & natural gas res]ves1 & develop r5ewable s\rces ( en]gy 9 ,ukra9e2 & 7#b7 implem5t proc$ures = exp$it$ review ( &1 z appropriate1 approval (1 applications by eligible inve/ors 7z def9$ 9 section #bch ( ! ,=eign ,assi/ance ,act ( #aifa 7#bb ,u4,s4,c4 #baih77 = loans1 loan gu>antees1 & insurance = su* inve/m5ts4 #h4 ,support f ! ,export-,import ,bank ( ! ,unit$ ,/ates ,! ,bo>d ( ,directors ( ! ,export-,import ,bank ( ! ,unit$ ,/ates %all take prompt measures1 consi/5t ) ! cr$it /&>ds o!rwise requir$ by law1 to promote ! expansion ( ! f9ancial commitm5ts ( ! ,bank "u ! loan1 gu>antee1 & insurance programs & special f9anc+ programs ( ! ,bank = projects to improve en]gy effici5cy1 develop dome/ic oil & natural gas res]ves1 & develop r5ewable s\rces ( en]gy 9 ,ukra9e4 #i4 ,prioritization ( en]gy effici5cy & dome/ic en]gy projects 9 ,ukra9e by ! ,_w ,bank ,gr\p & ! ,european ,bank = ,recon/ruction & ,developm5t ,! ,presid5t %all direct ! ,unit$ ,/ates ,executive ,directors ( ! ,_w ,bank ,gr\p & ! ,european ,bank = ,recon/ruction & ,developm5t to use ! voice1 vote1 & influ5ce ( ! ,unit$ ,/ates to enc\rage ! ,_w ,bank ,gr\p & ! ,european ,bank = ,recon/ruction & ,developm5t & o!r int]national f9ancial in/itutions to inve/ 91 & increase _! ef=ts to promote inve/m5t 91 projects to improve en]gy effici5cy1 develop dome/ic oil & natural gas res]ves1 & develop r5ewable s\rces ( en]gy 9 ,ukra9e1 & to /imulate private inve/m5t 9 su* projects4 #aj4 ,effectiv5ess measurem5t ,9 provid+ loan gu>antees1 assi/ance1 & support pursuant to ?is ,act & 9 prioritiz+ ! projects describ$ 9 ?is ,act1 ! ,presid5t & ! heads & o!r appropriate (ficials ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t1 ! ,trade & ,developm5t ,ag5cy1 ! ,ov]seas ,private ,inve/m5t ,corporation1 & ! ,export-,import ,bank ( ! ,unit$ ,/ates %all ensure t ! effectiv5ess ( su* gu>antees1 assi/ance1 support1 & projects is measur$ ?r\gh ! use ( cle>1 acc\ntable1 & metric-bas$ t>gets aim$ at a*iev+ enhanc$ en]gy security = ,ukra9e4 #aa4 ,brief+ on alt]native pipel9e access & supplies = ,ukra9e ,n lat] ?an #cj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,/ate %all provide to ! ,committee on ,=eign ,relations ( ! ,s5ate & ! ,committee on ,=eign ,affairs ( ! ,h\se ( ,repres5tatives a brief+ on-- 7#a7 ! economic & political viability ( transport+ natural gas supplies into ,ukra9e f c\ntries o!r ?an ! ,russian ,f$]ation ?r\gh ! rev]sal ( exi/+ pipel9e fl[s or ?r\gh new or exp&$ pipel9es2 & 7#b7 ! pot5tial to r$uce natural gas consumption 9 ,ukra9e ?r\gh effici5cy measures or ?r\gh ! use ( alt]native s\rces ( en]gy4