,,ii #aaith ,,congress #ast ,session ,s4 #agci ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #ac1 #bjbe,mr4 ,mc,cormick 7for himself and ,mr4 ,coons7 introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to provide for advocation of support for nuclear energy1 and establish a nuclear energy assistance trust fund1 at the ,world ,bank1 the ,european ,bank for ,reconstruction and ,development1 and other international financial institutions1 as appropriate1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,international ,nuclear ,energy ,financing ,act of #bjbe4 #b4 ,findings ,congress finds the following3 7#a7 ,nuclear power is an emissions-free energy source that produces approximately #cj percent of the world's low-carbon electricity4 ,in #bjba1 #cc countries operated nuclear power plants4 7#b7 ,the ,people's ,republic of ,china and the ,russian ,federation have sought to export nuclear reactors to ,europe1 ,eurasia1 ,latin ,america1 ,africa1 and ,south ,asia4 ,according to a #bjag study by ,columbia ,university's ,center on ,global ,energy ,policy1 ,chinese and ,russian nuclear reactors are associated with higher safety risk than ,western nuclear reactors4 ,in addition1 financial and operational support for nuclear power can extend over decades1 allowing ,beijing and ,moscow to secure long-term influence in both advanced and developing economies4 7#c7 ,as of the date of the enactment of this ,act1 the ,russian ,federation is building #ba reactors outside its borders1 while the ,people's ,republic of ,china is assembling more than one-third of reactors under construction globally4 ,according to research published in ,nature ,energy in ,february #bjbc1 when the ,russian ,federation launched its invasion of ,ukraine in #bjbb1 ,russian state-owned nuclear operator ,rosatom boasted as many as #gc different projects in #bi countries4 ,the projects were at very different stages of development from power plants in operation2 through construction of reactors ongoing1 contracted1 ordered or planned2 to involvement in tenders1 invitations to partnerships or officially published proposals4 ,on top of that1 ,russian companies have bilateral agreements or memoranda of understanding 7,mo,us7 with #ac countries for services or general joint development of nuclear energy44 7#d7 ,in its report titled1 ,international ,status and ,prospects for ,nuclear ,power #bjba1 the ,international ,atomic ,energy ,agency wrote1 ,a total of #bh countries have expressed interest in nuclear power and are considering1 planning or actively working to include it into their energy mix4 ,another #bd ,member ,states participate in the ,agency's nuclear infrastructure related activities or are involved in energy planning projects through the technical cooperation programme4 ,ten to twelve embarking ,member ,states plan to operate ,n,p,ps nuclear power plants by #bjcj-bjce1 representing a potential increase of nearly #cj percent in the number of operating countries4 ,several embarking countries have also expressed interest in ,s,m,rs small modular reactors technology1 in particular ,estonia1 ,ghana1 ,jordan1 ,kenya1 ,poland1 ,saudi ,arabia and ,sudan1 as well as expanding countries such as ,south ,africa44 7#e7 ,on ,december #b1 #bjbc1 the ,united ,states1 alongside more than #bj other countries1 pledged to triple nuclear energy capacity by #bjej and support the financing of nuclear energy through the ,world ,bank and regional development banks1 so as to encourage the inclusion of nuclear energy in their organizations' energy lending policies as needed1 and to actively support nuclear power when they have such a mandate4 #c4 ,multilateral development bank support for nuclear energy ,title ,,xv of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbo et seq47 is amended by adding at the end the following3 #aejf4 ,multilateral development bank support for nuclear energy 7a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,international ,bank for ,reconstruction and ,development1 the ,european ,bank for ,reconstruction and ,development1 and1 as the ,secretary determines appropriate1 any other multilateral development bank 7as defined in section #acjg7;g77 to use the voice1 vote1 and influence of the ,united ,states to advocate for-- 7#a7 the removal of prohibitions at the respective bank against financial and technical assistance for the generation and distribution of nuclear energy1 to the extent that the prohibitions apply to nuclear technologies that meet or exceed the quality standards prevalent in the ,united ,states or a country allied with the ,united ,states2 and 7#b7 increased internal capacity-building at the respective bank for the purpose of assessing-- 7,a7 the potential role of nuclear energy in the energy systems of client countries2 and 7,b7 the delivery of financial and technical assistance described in paragraph 7#a7 to those countries4 7b7 ,sunset ,this section shall have no force or effect beginning on the date that is #aj years after the date of the enactment of the ,international ,nuclear ,energy ,financing ,act of #bjbe4 4 #d4 ,establishment of nuclear energy assistance trust funds ,title ,,xv of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbo et seq471 as amended by section #c1 is further amended by adding at the end the following3 #aejg4 ,establishment of nuclear energy assistance trust funds 7a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states ,governors of the ,international ,bank for ,reconstruction and ,development1 the ,european ,bank for ,reconstruction and ,development1 and1 as the ,secretary determines appropriate1 other international financial institutions to use the voice1 vote1 and influence of the ,united ,states to establish at each such institution a trust fund to be known as the ,nuclear ,energy ,assistance ,trust ,fund that meets the requirements of subsections 7b7 and 7c74 7b7 ,purposes ,the purposes of a trust fund established under subsection 7a7 at an international financial institution shall be the following3 7#a7 ,to provide financial and technical assistance to support the generation and distribution of nuclear energy in borrowing countries4 7#b7 ,to ensure that the international financial institution makes financing available on competitive terms1 including for the purpose of countering credit extended by the government of a country that is not a member of the ,arrangement on ,officially ,supported ,export ,credits of the ,organisation for ,economic ,cooperation and ,development4 7#c7 ,to exclusively support the adoption of nuclear energy technologies that meet or exceed the quality standards prevalent in the ,united ,states or a country allied with the ,united ,states4 7#d7 ,to strengthen the capacity of the international financial institution to assess1 implement1 and evaluate nuclear energy projects4 7c7 ,use of trust fund revenues ,the revenues of a trust fund established under subsection 7a7 shall be made available for activities for the purposes described in subsection 7b71 or the ,united ,states share of those revenues shall be remitted to the general fund of the ,treasury1 as the ,secretary determines appropriate4 7d7 ,rule of interpretation ,this section shall not be interpreted to affect the ability of the ,united ,states ,governor of1 or the ,united ,states ,executive ,director at1 an international financial institution to encourage the provision of financial or technical assistance from resources of the institution other than a trust fund established under subsection 7a7 to support the generation or distribution of nuclear energy4 7e7 ,international financial institution defined ,the term international financial institution means an institution specified in section #agja7;c77#b74 7f7 ,sunset ,this section shall have no force or effect beginning on the date that is #aj years after the date of the enactment of the ,international ,nuclear ,energy ,financing ,act of #bjbe4 4 #e4 ,inclusion in annual report ,during the #g-year period beginning on the date of the enactment of this ,act1 the ,chairman of the ,national ,advisory ,council on ,international ,monetary and ,financial ,policies shall include in the annual report required by section #agja of the ,international ,financial ,institutions ,act 7#bb ,u4,s4,c4 #bfbr7 a description of any progress made-- 7#a7 to promote assistance by multilateral development banks 7as defined in such section7 for nuclear energy2 and 7#b7 to establish a trust fund pursuant to section #aejg of such ,act 7as added by section #d7 or1 as the case may be1 a summary of the activities of any such trust fund4