Transatlantic Growth Enterprise Act

This bill aims to strengthen United States relations with specific countries in Central and Southeast Europe, including the Czech Republic, Poland, Hungary, Romania, Moldova, Ukraine, and Bulgaria. It authorizes the Secretary of State to establish the Transatlantic Growth Enterprise , a program designed to foster robust investment environments and expand business-to-business ties. This initiative seeks to enhance energy security and security cooperation, particularly in response to de-democratization trends and the growing influence of malign actors like Russia and China in the region. Key objectives of the Enterprise include strengthening relationships with like-minded countries, expanding business and people-to-people ties, and increasing energy sector cooperation, including in nuclear energy. The program also focuses on countering Russian malign influence and aggression, as well as the People's Republic of China's expanding private sector footprint. Importantly, the Enterprise will only engage with government officials of participating countries that are not undermining United States interests through cooperation with Russia or China, or by undermining democracy. The bill mandates annual reports on the Enterprise's activities and a specific energy strategy report to Congress, detailing energy cooperation and dependencies.