,i #aai? ,,congress #a/ ,session ,h4 ,r4 #ehde ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,octob] #bh1 #bjbe,mr4 ,espaillat introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,=eign ,affairs ,a ,,bill ,to e/abli% a l5d+ program = ,lat9 ,am]ica & ! ,c>ibbean to reaffirm ! ,unit$ ,/ates commitm5t to su/a9able & equitable gr[? & en]gy security 9 ! ,we/]n ,hemisph]e4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,las ,am]icas ,en]gy ,security ,act4 #b4 ,f9d+s2 purpose2 /atem5t ( policy 7a7 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,en]gy indep5d5ce & security are critical = a c\ntry to ma9ta9 its sov]eignty1 indep5d5ce1 & su/a9able economic gr[?4 7#b7 ,! ,int]national ,en]gy ,ag5cy 7,,iea7 def9es en]gy security z ! un9t]rupt$ availability ( en]gy s\rces at an af=dable price4 7#c7 ,! ,,iea def9es long-t]m en]gy security z prim>ily deal+ ) timely inve/m5ts to supply en]gy 9 l9e ) economic developm5ts & environm5tal ne$s4 7#d7 ,! ,,iea def9es %ort-t]m en]gy security z focus+ on ! ability ( a c\ntry's en]gy sy/em to react promptly to sudd5 *anges 9 ! supply-dem& balance4 7#e7 ,! ,,iea's ,executive ,director rem>k$ 9 ,febru>y #bjbc t ,russia's ,febru>y #bjbb invasion ( ,ukra9e _h sp>k$ an ongo+ global en]gy crisis ) s]i\s implications = int]national en]gy security4 7#f7 ,! ,int]gov]nm5tal ,panel on ,climate ,*ange 7,,ipcc71 a ,unit$ ,nations body t provides regul> assessm5ts on global heat+1 issu$ a syn!sis report 9 ,m>* #bjbc1 & f\nd t ! effects ( global temp]ature *anges 7 8already affect+ _m wea!r & climate extremes 9 e region across ! globe10 :i* has 8l$ to widespread adv]se impacts on food & wat] security1 human heal? & on economies & society & relat$ losses & damages to nature & p404 7#g7 ,! ,,ipcc notes t to avoid m\nt+ loss ( life1 biodiv]sity1 & infra/ructure1 we mu/ h ambiti\s1 accel]at$ action to adapt to climate *ange1 :ile also mak+ rapid1 deep cuts 9 gre5h\se gas emissions4 7#h7 ,! ,_w ,meteorological ,organization's ,/ate ( ! ,climate 9 ,lat9 ,am]ica & ! ,c>ibbean #bjba report f\nd t-- 7,a7 widespread dr\ght across ,lat9 ,am]ica & ! ,c>ibbean has _h significant impact on inl& %ipp+ r\tes1 crop yields1 & food production1 & consequ5tly l$ to wors5+ food insecurity2 7,b7 extreme wea!r ev5ts affect$ millions ( p across ,c5tral ,am]ica1 exac]bat+ food insecurity 9 c\ntries already crippl$ by economic %ocks1 ,,covid-#ai impacts1 & conflict2 & 7,c7 sea-level rise poses a major risk to l[-ly+ coa/al zones 9 ,lat9 ,am]ica & ! ,c>ibbean4 7#i7 ,! ,unit$ ,nations /ates t facilitat+ m reliable & af=dable access to clean electricity helps gov]nm5ts to improve ! quality ( o!r basic s]vices1 su* z education & heal?c>e4 ,electricity access also helps div]sify & /r5g!n local economies4 ,?us1 increas+ electricity access c\ld r$uce ! ne$ to migrate to urban areas & o!r c\ntries4 7#aj7 ,natural disa/]s ( increas$ frequ5cy are project$ to increase ! displacem5t ( p & ! ,unit$ ,nations ,high ,commission] = ,refugees e/imates t an annual av]age ( m ?an #bj million p h be5 =cibly displac$ by wea!r-relat$ sudd5 onset haz>ds e ye> s9ce #bjjh4 7#aa7 ,ris+ commodity & en]gy prices1 z well z o!r global economic %ocks su* z ^? caus$ by natural disa/]s1 p&emics1 & conflict pose a s]i\s security risk t may lead to social unre/ & in/ability 9 ,lat9 ,am]ica & ! ,c>ibbean4 7b7 ,s5se ( congress ,x is ! s5se ( ,congress t ! ,unit$ ,/ates has economic & national security int]e/s 9 assi/+ ,lat9 ,am]ica & ! ,c>ibbean to a*ieve su/a9able en]gy security4 7c7 ,/atem5t ( policy ,x is ! policy ( ! ,unit$ ,/ates-- 7#a7 to advance ,unit$ ,/ates =eign policy & developm5t goals by help+ ,lat9 ,am]ica & ! ,c>ibbean meet its %ort-t]m en]gy ne$s2 7#b7 to promote ! en]gy security ( ,lat9 ,am]ica & ! ,c>ibbean by enc\rag+ ! developm5t ( accessible1 transp>5t1 competitive1 & solv5t en]gy m>kets & sy/ems t provide div]sifi$ s\rces1 types1 & r\tes ( en]gy1 z well z by prioritiz+ clean en]gy s\rces t r$uce c>bon emissions & address ! ongo+ global rise 9 temp]atures2 7#c7 to enc\rage ,unit$ ,/ates public & private sector inve/m5t 9 ,lat9 ,am]ican & ,c>ibbean en]gy infra/ructure projects to bridge ! gap betwe5 en]gy security & comm]cial dem& 9 a way t is consi/5t ) ! region's curr5t absorptive capacity1 & t recognizes ! importance ( build+ & wid5+ ! absorptive capacity ( ! region2 7#d7 to help facilitate ! export ( ,unit$ ,/ates en]gy res\rces1 te*nology1 & exp]tise to global m>kets 9 a way t b5efits ! compreh5sive en]gy security ( ,lat9 ,am]ica & ! ,c>ibbean2 & 7#e7 to assi/ p>tn] c\ntries 9 develop+ & /r5g!n+ regulatory & inve/m5t frameworks t support en]gy security4 #c4 ,sov]eign l5d+ program = eligible ,lat9 ,am]ican & ,c>ibbean p>tn] c\ntries 7a7 ,9 g5]al ,n lat] ?an #cj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury1 ) ! concurr5ce ( ! ,secret>y ( ,/ate1 %all e/abli% a sov]eign l5d+ program = eligible ,lat9 ,am]ican & ,c>ibbean p>tn] c\ntries-- 7#a7 to support _! %ort-t]m en]gy ne$s2 7#b7 to fund projects t help !m transition to r5ewable or clean en]gy t r$uces c>bon emissions2 7#c7 to fund te*nical assi/ance programs t ensure t !re is a cont9u\s pipel9e ( clean en]gy projects available = inve/m5t f ! ,unit$ ,/ates1 ,lat9 ,am]ica1 & ! ,c>ibbean2 7#d7 to provide capital & f9anc+ = ,unit$ ,/ates companies to make x easi] to inve/ 9 r5ewable en]gy projects 9 small] & develop+ m>kets2 & 7#e7 to provide f9anc+ to p>tn] c\ntries to help pur*ase batt]y solutions t contribute to reliable & af=dable electricity prices4 7b7 ,application ,to be eligible to receive a loan "u ! program1 an eligible ,lat9 ,am]ican or ,c>ibbean p>tn] c\ntry %all submit to ! ,secret>y ( ! ,treasury an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 ,at m9imum1 ! ,secret>y %all require an applicant to provide-- 7#a7 in=mation ab\t ! en]gy projects t w be support$ ?r\gh ^! funds1 includ+ _! economic & te*nical viability1 feasibility to attract fund+ f ! private sector1 net c>bon impact1 ! pot5tial to use ,unit$ ,/ates goods & s]vices dur+ project implem5tation1 & enhancem5t ( en]gy m>ket integration2 7#b7 data on h[ funds w support equitable job creation2 7#c7 in=mation reg>d+ environm5tal impact1 includ+ on biodiv]sity2 7#d7 data on ! impact ^u m>g9aliz$ communities2 & 7#e7 c]tification t no funds %all be us$ to pur*ase a commodity f or support 9 any mann] a corporation or /ate-own$ ent]prise t has an own]%ip relation%ip ) ! ,gov]nm5t ( ! ,p's ,republic ( ,*9a or ! ,*9ese ,communi/ ,p>ty1 ! ,gov]nm5t ( ! ,russian ,f$]ation1 or any o!r =eign adv]s>y or malign influ5ce4 7c7 ,pref]5ce ,9 select+ among applications = a loan "u ?is section1 ! ,secret>y ( ,/ate %all give pref]5ce to an eligible ,lat9 ,am]ican or ,c>ibbean p>tn] c\ntry t %>es democratic values1 respect = human rights1 & economic fre$om1 z det]m9$ by ! ,secret>y ( ,/ate1 includ+ memb]s ( ! ,alliance = ,developm5t 9 ,democracy 7! ,dom9ican ,republic1 ,co/a ,rica1 ,panama1 & ,ecuador7 & ! ,c>ibbean ,community 7,,c>icom74 7d7 ,loan conditions ,a loan provid$ "u ! program-- 7#a7 %all be-- 7,a7 a z]o-int]e/ loan1 n to exce$ #cj ye>s 9 duration2 or 7,b7 a l[-int]e/ concessional loan1 n to exce$ #ej ye>s 9 duration2 7#b7 %all n conta9 any requirem5ts t an eligible ,lat9 ,am]ican or ,c>ibbean p>tn] c\ntry engage 9 au/]ity measures or policies t increase pov]ty & inequality1 dim9i% ! quality ( life1 & ?reat5 ! imm$iate access ( goods & s]vices2 7#c7 %all ensure t no funds are us$ to pur*ase a commodity f or support 9 any mann] a corporation or /ate-own$ ent]prise t has an own]%ip relation%ip ) ! ,gov]nm5t ( ! ,p's ,republic ( ,*9a or ! ,*9ese ,communi/ ,p>ty1 ! ,gov]nm5t ( ! ,russian ,f$]ation1 or any o!r =eign adv]s>y or malign actor2 & 7#d7 %all be subject to su* o!r t]ms & conditions z ! ,secret>y ( ! ,treasury1 9 concurr5ce ) ! ,secret>y ( ,/ate1 det]m9es to be appropriate4 7e7 ,report 7#a7 ,9 g5]al ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft] = #d ye>s1 ! ,secret>y ( ! ,treasury1 9 concurr5ce ) ! ,secret>y ( ,/ate1 & 9 consultation ) ! ,secret>y ( ,en]gy & ! heads ( o!r relevant ,f$]al dep>tm5ts & ag5cies1 %all submit to ! ,committee on ,=eign ,affairs & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives & ! ,committee on ,=eign ,relations & ! ,committee on ,appropriations ( ! ,s5ate a report on progress 9 ! implem5tation ( ! program4 7#b7 ,matt]s to be includ$ ,! report %all-- 7,a7 include a description ( h[ ! program /r5g!ns ,unit$ ,/ates national security & economic int]e/s 9 ,lat9 ,am]ica & ! ,c>ibbean2 7,b7 include an assessm5t (-- 7i7 ! /atus & effectiv5ess ( curr5t ef=ts by regional gov]nm5ts1 multilat]al developm5t banks1 & ! private sector to promote en]gy security 9 ,lat9 ,am]ica & ! ,c>ibbean & to transition to clean en]gy practices2 7ii7 major *all5ges h9d]+ su* ef=ts2 & 7iii7 h[ ! ,unit$ ,/ates c /r5g!n ! effectiv5ess ( su* ef=ts2 7,c7 id5tify h[ activities by ! ,dep>tm5t ( ,/ate1 ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t1 ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation1 & o!r relat$ ag5cies c effectively be lev]ag$ to /r5g!n & promote en]gy indep5d5ce & security 9 ,lat9 ,am]ica & ! ,c>ibbean2 7,d7 assess diplomatic initiatives tak5 to secure specific national commitm5ts by gov]nm5ts ( eligible ,lat9 ,am]ican & ,c>ibbean p>tn] c\ntries to und]take ef=ts to promote en]gy security & indep5d5ce 9 ! region1 address corruption & rule ( law conc]ns1 mod]nize digital & physical infra/ructure1 improve ease ( do+ bus9ess1 & f9ance & inc5tivize en]gy security initiatives2 & 7,e7 detail coord9ation ( ef=ts ) relevant multilat]al developm5t banks to advance en]gy security & indep5d5ce ( eligible ,lat9 ,am]ican & ,c>ibbean p>tn] c\ntries4 7f7 ,annual audit ,! ,secret>y ( ! ,treasury-- 7#a7 %all ensure t a full audit ( ! program is p]=m$ on an annual basis2 & 7#b7 %all submit ! results ( ! audit to ! ,committee on ,=eign ,affairs & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives & ! ,committee on ,=eign ,relations & ! ,committee on ,appropriations ( ! ,s5ate4 7g7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,secret>y ( ! ,treasury #ajj1jjj1jjj = ea* ( fiscal ye>s #bjbf ?r\gh #bjca to c>ry out ! program4 7h7 ,eligible lat9 am]ican or c>ibbean p>tn] c\ntry def9$ ,9 ?is section1 ! t]m eligible ,lat9 ,am]ican or ,c>ibbean p>tn] c\ntry-- 7#a7 means a c\ntry t-- 7,a7 is a b5efici>y c\ntry = purposes ( ! ,c>ibbean ,bas9 ,economic ,recov]y ,act 7#ai ,u4,s4,c4 #bgja et seq472 7,b7 is a memb] /ate ( ! ,c>ibbean ,community 7commonly ref]r$ to z ,,c>icom72 7,c7 is a memb] /ate ( ! ,alliance = ,developm5t 9 ,democracy2 7,d7 is a c\ntry 9 ! ,we/]n ,hemisph]e t is a p>ty to a free trade agreem5t or pref]5ce program ) ! ,unit$ ,/ates2 or 7,e7 is a b5efici>y c\ntry ( ! ,c>ibbean ,bas9 ,security ,initiative2 & 7#b7 does n include any c\ntry t-- 7,a7 has be5 sanction$ by ! ,unit$ ,/ates2 or 7,b7 ! ,secret>y ( ,/ate det]m9es-- 7i7 to be a /ate sponsor ( t]rorism2 or 7ii7 to be a =eign adv]s>y1 def9$ z a =eign gov]nm5t engag$ 9 a long-t]m patt]n or s]i\s in/ances ( conduct adv]se to ! national security ( ! ,unit$ ,/ates or security & safety ( ,unit$ ,/ates p]sons4 #d4 ,support+ ef=ts to increase en]gy security ( eligible ,lat9 ,am]ican & ,c>ibbean p>tn] c\ntries 7a7 ,9 g5]al ,! ,secret>y ( ,/ate1 9 consultation ) ! ,secret>y ( ,en]gy & ! heads ( o!r relevant ,f$]al dep>tm5ts & ag5cies1 %all1 z appropriate1 prioritize & exp$ite ! ef=ts ( ! ,dep>tm5t ( ,/ate & ^? o!r dep>tm5ts & ag5cies 9 support+ ! ef=ts ( eligible ,lat9 ,am]ican & ,c>ibbean p>tn] c\ntries to increase _! en]gy security1 includ+ ?r\gh-- 7#a7 provid+ diplomatic & political support to ^! gov]nm5ts1 z necess>y-- 7,a7 to facilitate int]national negotiations conc]n+ cross-bord] infra/ructure & transactions2 7,b7 to enhance & build ,lat9 ,am]ica's & ! ,c>ibbean's regulatory environm5t ) respect to en]gy2 & 7,c7 to develop accessible1 transp>5t1 & competitive en]gy m>kets suppli$ by div]se s\rces1 types1 & r\tes ( en]gy to a*ieve en]gy effici5cy2 & 7#b7 provid+ support to improve ,lat9 ,am]ican & ,c>ibbean en]gy m>kets1 includ+ e>ly-/age project support & late-/age project support = ! con/ruction or improvem5t ( en]gy & relat$ infra/ructure1 z necess>y-- 7,a7 to div]sify ! en]gy s\rces & supply r\tes ( eligible ,lat9 ,am]ican & ,c>ibbean p>tn] c\ntries2 7,b7 to enhance en]gy m>ket integration across ! region2 & 7,c7 to increase competition & aggregate en]gy m>kets4 7b7 ,project selection 7#a7 ,9 g5]al ,! ,f$]al dep>tm5ts & ag5cies describ$ 9 subsection 7a7 %all id5tify en]gy infra/ructure projects t w\ld be appropriate = ,unit$ ,/ates assi/ance "u ?is section4 7#b7 ,project eligibility ,a project is eligible = ,unit$ ,/ates assi/ance "u ?is section if ! project-- 7,a7 7i7 improves electricity transmission infra/ructure & p[] g5]ation ?r\gh ! use ( a broad p[] mix1 prioritiz+ r5ewable en]gy or en]gy effici5cy2 7ii7 advances en]gy /orage projects1 sm>t grid projects1 di/ribut$ g5]ation models1 or o!r te*nological innovations & digitalization ( ! p[] sector1 z appropriate2 & 7iii7 improves en]gy access = m>g9aliz$ & und]s]v$ communities2 7,b7 is locat$ 9 an eligible ,lat9 ,am]ican or ,c>ibbean p>tn] c\ntry2 & 7,c7 c be conduct$ 9 a transp>5t & acc\ntable mann] t mitigates any risk ( corruption4 7#c7 ,pref]5ce ,9 select+ among projects t are eligible "u p>agraph 7#b71 ! ,f$]al dep>tm5ts & ag5cies describ$ 9 subsection 7a7 %all give pref]5ce to projects t-- 7,a7 l9k ! en]gy sy/ems ( two or m ,lat9 ,am]ican & ,c>ibbean p>tn] c\ntries2 7,b7 address ! impacts ( su/a9$ global temp]ature increases2 7,c7 enhance resili5ce to su/a9$ global temp]ature increases & global economic %ocks2 7,d7 are expect$ to enhance en]gy m>ket integration2 7,e7 c demon/rate su/a9ability by attract+ fund+ f ! private sector1 an int]national f9ancial in/itution1 or ! gov]nm5t ( ! c\ntry 9 :i* ! project w be c>ri$ out2 7,f7 h ! pot5tial to use ,unit$ ,/ates goods & s]vices dur+ project implem5tation2 or 7,g7 decrease electricity prices & promote price /ability 9 ! face ( global economic %ocks4 7c7 ,types ( assi/ance 7#a7 ,diplomatic & political support ,! ,secret>y ( ,/ate %all provide diplomatic & political support to ! gov]nm5ts ( eligible ,lat9 ,am]ican & ,c>ibbean c\ntries1 z necess>y1 includ+ by us+ ! diplomatic & political influ5ce & exp]tise ( ! ,dep>tm5t ( ,/ate to build ! capacity ( ^? c\ntries to resolve any imp$im5ts to ! developm5t ( projects select$ "u subsection 7b74 7#b7 ,e>ly-/age project support ,! ,director ( ! ,trade & ,developm5t ,ag5cy1 9 consultation ) ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t1 ! ,int]-,am]ican ,developm5t ,bank1 ! ,c>ibbean ,developm5t ,bank1 & ! ,_w ,bank1 %all provide e>ly-/age project support ) respect to projects select$ "u subsection 7b71 z necess>y4 7#c7 ,late-/age project support ,f$]al dep>tm5ts & ag5cies describ$ 9 subsection 7a7 t provide late-/age project support %all d s ) respect to projects select$ "u subsection 7b71 z necess>y4 7d7 ,exception f c]ta9 limitation "u build act ,= purposes ( provid+ support = projects "u ?is section-- 7#a7 ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation may provide support = projects 9 c\ntries ) upp]-middle-income economies or high-income economies 7z ^? t]ms are def9$ by ! ,_w ,bank72 7#b7 ! re/riction "u section #adab7;c77#b7 ( ! ,,build ,act ( #bjah 7#bb ,u4,s4,c4 #ifab7;c77#b77 %all n apply2 & 7#c7 ! ,corporation %all re/rict ! provision ( su* support 9 a c\ntry describ$ 9 p>agraph 7#a7 unless-- 7,a7 ! ,presid5t c]tifies to ! appropriate congressional committees t su* support fur!rs ! national economic or =eign policy int]e/s ( ! ,unit$ ,/ates2 & 7,b7 su* support is-- 7i7 design$ to produce significant developm5tal outcomes or provide developm5tal b5efits to ! poore/ population ( t c\ntry2 or 7ii7 necess>y to preempt or c\nt] ef=ts by a /rategic competitor ( ! ,unit$ ,/ates to secure significant political or economic lev]age or acquire national security-s5sitive te*nologies or infra/ructure 9 a c\ntry t is an ally or p>tn] ( ! ,unit$ ,/ates4 7e7 ,progress reports ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft] = sev5 ye>s1 ! ,presid5t %all transmit to ! ,committee on ,=eign ,affairs & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives & ! ,committee on ,=eign ,relations & ! ,committee on ,appropriations ( ! ,s5ate a report on progress made 9 provid+ assi/ance = projects "u ?is section t includes ! foll[+3 7#a7 ,a description ( ! en]gy infra/ructure projects ! ,unit$ ,/ates has id5tifi$ = su* assi/ance4 7#b7 ,= ea* su* project-- 7,a7 a description ( ! role ( ! ,unit$ ,/ates 9 ! project1 includ+ 9 e>ly-/age project support & late-/age project support2 7,b7 ! am\nt & =m ( any debt f9anc+ & insurance provid$ by ! ,unit$ ,/ates ,gov]nm5t = ! project2 7,c7 ! am\nt & =m ( any e>ly-/age project support2 & 7,d7 an update on ! progress made on ! project z ( ! date ( ! report4 7f7 ,eligible lat9 am]ican or c>ibbean p>tn] c\ntry def9$ ,9 ?is section1 ! t]m eligible ,lat9 ,am]ican or ,c>ibbean p>tn] c\ntry has ! mean+ giv5 t t]m 9 section #c7;h74