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International Nuclear Energy Financing Act of 2025

USA119th CongressHR-1474| House 
| Updated: 3/21/2025
J. French Hill

J. French Hill

Republican Representative

Arkansas

Cosponsors (2)
Ritchie Torres (Democratic)Byron Donalds (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The International Nuclear Energy Financing Act of 2025 aims to bolster global support for nuclear energy through international financial institutions. It directs the United States to use its influence at organizations like the World Bank and the European Bank for Reconstruction and Development to advocate for the removal of existing prohibitions against financial and technical assistance for nuclear energy projects. This advocacy specifically targets nuclear technologies that meet or exceed the quality standards prevalent in the United States or its allied countries, while also promoting increased internal capacity-building within these institutions to assess and deliver such assistance. Furthermore, the bill mandates the establishment of " Nuclear Energy Assistance Trust Funds " at these international financial institutions. The primary purposes of these trust funds are to provide financial and technical assistance for the generation and distribution of nuclear energy in borrowing countries. They are designed to ensure competitive financing, counter credit extended by non-OECD countries, and exclusively support nuclear technologies adhering to U.S. or allied quality standards. These funds will also strengthen the institutions' capacity to evaluate and implement nuclear energy projects. The legislation acknowledges nuclear power as a crucial emissions-free energy source, noting the significant global expansion efforts by countries like China and Russia, which often involve technologies with higher safety risks. To ensure transparency and accountability, the Chairman of the National Advisory Council on International Monetary and Financial Policies will be required to report annually for seven years on the progress made in promoting multilateral development bank assistance for nuclear energy and the activities of any established trust funds. The Act and its amendments are set to expire ten years after its enactment.

Bill Text Versions

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Timeline

Bill from Previous Congress

HR 117-1646
International Nuclear Energy Financing Act of 2021

Bill from Previous Congress

HR 118-806
International Nuclear Energy Financing Act of 2023
Feb 21, 2025
Introduced in House
Feb 21, 2025
Referred to the House Committee on Financial Services.
Mar 5, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 10.
Mar 5, 2025
Committee Consideration and Mark-up Session Held
Mar 21, 2025
Placed on the Union Calendar, Calendar No. 13.
Mar 21, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-23.
May 13, 2025

Latest Companion Bill Action

S 119-1739
Introduced in Senate
  • Bill from Previous Congress

    HR 117-1646
    International Nuclear Energy Financing Act of 2021


  • Bill from Previous Congress

    HR 118-806
    International Nuclear Energy Financing Act of 2023


  • February 21, 2025
    Introduced in House


  • February 21, 2025
    Referred to the House Committee on Financial Services.


  • March 5, 2025
    Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 10.


  • March 5, 2025
    Committee Consideration and Mark-up Session Held


  • March 21, 2025
    Placed on the Union Calendar, Calendar No. 13.


  • March 21, 2025
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-23.


  • May 13, 2025

    Latest Companion Bill Action

    S 119-1739
    Introduced in Senate

International Affairs

Related Bills

  • S 119-1739: International Nuclear Energy Financing Act of 2025
Foreign and international bankingGovernment trust fundsMultilateral development programsNuclear power

International Nuclear Energy Financing Act of 2025

USA119th CongressHR-1474| House 
| Updated: 3/21/2025
The International Nuclear Energy Financing Act of 2025 aims to bolster global support for nuclear energy through international financial institutions. It directs the United States to use its influence at organizations like the World Bank and the European Bank for Reconstruction and Development to advocate for the removal of existing prohibitions against financial and technical assistance for nuclear energy projects. This advocacy specifically targets nuclear technologies that meet or exceed the quality standards prevalent in the United States or its allied countries, while also promoting increased internal capacity-building within these institutions to assess and deliver such assistance. Furthermore, the bill mandates the establishment of " Nuclear Energy Assistance Trust Funds " at these international financial institutions. The primary purposes of these trust funds are to provide financial and technical assistance for the generation and distribution of nuclear energy in borrowing countries. They are designed to ensure competitive financing, counter credit extended by non-OECD countries, and exclusively support nuclear technologies adhering to U.S. or allied quality standards. These funds will also strengthen the institutions' capacity to evaluate and implement nuclear energy projects. The legislation acknowledges nuclear power as a crucial emissions-free energy source, noting the significant global expansion efforts by countries like China and Russia, which often involve technologies with higher safety risks. To ensure transparency and accountability, the Chairman of the National Advisory Council on International Monetary and Financial Policies will be required to report annually for seven years on the progress made in promoting multilateral development bank assistance for nuclear energy and the activities of any established trust funds. The Act and its amendments are set to expire ten years after its enactment.

Bill Text Versions

View Text
2 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-1646
International Nuclear Energy Financing Act of 2021

Bill from Previous Congress

HR 118-806
International Nuclear Energy Financing Act of 2023
Feb 21, 2025
Introduced in House
Feb 21, 2025
Referred to the House Committee on Financial Services.
Mar 5, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 10.
Mar 5, 2025
Committee Consideration and Mark-up Session Held
Mar 21, 2025
Placed on the Union Calendar, Calendar No. 13.
Mar 21, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-23.
May 13, 2025

Latest Companion Bill Action

S 119-1739
Introduced in Senate
  • Bill from Previous Congress

    HR 117-1646
    International Nuclear Energy Financing Act of 2021


  • Bill from Previous Congress

    HR 118-806
    International Nuclear Energy Financing Act of 2023


  • February 21, 2025
    Introduced in House


  • February 21, 2025
    Referred to the House Committee on Financial Services.


  • March 5, 2025
    Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 10.


  • March 5, 2025
    Committee Consideration and Mark-up Session Held


  • March 21, 2025
    Placed on the Union Calendar, Calendar No. 13.


  • March 21, 2025
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-23.


  • May 13, 2025

    Latest Companion Bill Action

    S 119-1739
    Introduced in Senate
J. French Hill

J. French Hill

Republican Representative

Arkansas

Cosponsors (2)
Ritchie Torres (Democratic)Byron Donalds (Republican)

Financial Services Committee

International Affairs

Related Bills

  • S 119-1739: International Nuclear Energy Financing Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Foreign and international bankingGovernment trust fundsMultilateral development programsNuclear power