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Combating Global Poverty Through Energy Development Act

USA119th CongressS-1783| Senate 
| Updated: 5/15/2025
John Barrasso

John Barrasso

Republican Senator

Wyoming

Cosponsors (6)
Mike Lee (Republican)Cynthia M. Lummis (Republican)Marsha Blackburn (Republican)Ted Cruz (Republican)Bill Hagerty (Republican)Pete Ricketts (Republican)

Foreign Relations Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The "Combating Global Poverty Through Energy Development Act" aims to promote the financing of affordable and reliable energy projects by international financial institutions. It instructs the Secretary of the Treasury to direct U.S. Executive Directors at various international financial institutions, including the International Bank for Reconstruction and Development and the African Development Bank, to actively oppose and seek the rescission of any policies that restrict or prohibit the financing of coal, oil, natural gas, or civil nuclear energy projects . This directive emphasizes using the U.S.'s voice, vote, and influence to ensure these institutions support a broad range of energy development. Specifically, the bill mandates the U.S. Executive Director of the International Bank for Reconstruction and Development to vigorously pursue policy changes to reverse its restrictions on financing coal power generation, upstream oil and gas exploration, and civil nuclear energy projects. It also imposes a significant financial limitation, stating that up to 50 percent of U.S. funds for the International Bank for Reconstruction and Development may be withheld starting in fiscal year 2026 until the Bank rescinds these restrictive policies and actively promotes such energy financing. The Secretary, in collaboration with other federal agencies, is also required to identify and report on steps the U.S. can take to promote international financing for these energy projects in developing countries.
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Timeline

Bill from Previous Congress

S 117-758
Combating Global Poverty Through Energy Development Act

Bill from Previous Congress

S 118-5374
Combating Global Poverty Through Energy Development Act
May 15, 2025
Introduced in Senate
May 15, 2025
Read twice and referred to the Committee on Foreign Relations. (text: CR S2953-2954)
  • Bill from Previous Congress

    S 117-758
    Combating Global Poverty Through Energy Development Act


  • Bill from Previous Congress

    S 118-5374
    Combating Global Poverty Through Energy Development Act


  • May 15, 2025
    Introduced in Senate


  • May 15, 2025
    Read twice and referred to the Committee on Foreign Relations. (text: CR S2953-2954)

International Affairs

Combating Global Poverty Through Energy Development Act

USA119th CongressS-1783| Senate 
| Updated: 5/15/2025
The "Combating Global Poverty Through Energy Development Act" aims to promote the financing of affordable and reliable energy projects by international financial institutions. It instructs the Secretary of the Treasury to direct U.S. Executive Directors at various international financial institutions, including the International Bank for Reconstruction and Development and the African Development Bank, to actively oppose and seek the rescission of any policies that restrict or prohibit the financing of coal, oil, natural gas, or civil nuclear energy projects . This directive emphasizes using the U.S.'s voice, vote, and influence to ensure these institutions support a broad range of energy development. Specifically, the bill mandates the U.S. Executive Director of the International Bank for Reconstruction and Development to vigorously pursue policy changes to reverse its restrictions on financing coal power generation, upstream oil and gas exploration, and civil nuclear energy projects. It also imposes a significant financial limitation, stating that up to 50 percent of U.S. funds for the International Bank for Reconstruction and Development may be withheld starting in fiscal year 2026 until the Bank rescinds these restrictive policies and actively promotes such energy financing. The Secretary, in collaboration with other federal agencies, is also required to identify and report on steps the U.S. can take to promote international financing for these energy projects in developing countries.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-758
Combating Global Poverty Through Energy Development Act

Bill from Previous Congress

S 118-5374
Combating Global Poverty Through Energy Development Act
May 15, 2025
Introduced in Senate
May 15, 2025
Read twice and referred to the Committee on Foreign Relations. (text: CR S2953-2954)
  • Bill from Previous Congress

    S 117-758
    Combating Global Poverty Through Energy Development Act


  • Bill from Previous Congress

    S 118-5374
    Combating Global Poverty Through Energy Development Act


  • May 15, 2025
    Introduced in Senate


  • May 15, 2025
    Read twice and referred to the Committee on Foreign Relations. (text: CR S2953-2954)
John Barrasso

John Barrasso

Republican Senator

Wyoming

Cosponsors (6)
Mike Lee (Republican)Cynthia M. Lummis (Republican)Marsha Blackburn (Republican)Ted Cruz (Republican)Bill Hagerty (Republican)Pete Ricketts (Republican)

Foreign Relations Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted