I
119THCONGRESS
1
STSESSION H. R. 1474
To provide for advocation of support for nuclear energy, and establish a
nuclear energy assistance trust fund, at the World Bank, the European
Bank for Reconstruction and Development, and other international finan-
cial institutions, as appropriate, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY21, 2025
Mr. H
ILLof Arkansas (for himself and Mr. TORRESof New York) introduced
the following bill; which was referred to the Committee on Financial Services
A BILL
To provide for advocation of support for nuclear energy,
and establish a nuclear energy assistance trust fund,
at the World Bank, the European Bank for Reconstruc-
tion and Development, and other international financial
institutions, as appropriate, and for other purposes.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘International Nuclear 4
Energy Financing Act of 2025’’. 5
SEC. 2. FINDINGS. 6
Congress finds the following: 7
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(1) Nuclear power is an emissions-free energy 1
source that produces approximately 30 percent of 2
the world’s low-carbon electricity. In 2021, 33 coun-3
tries operated nuclear power plants. 4
(2) The People’s Republic of China and the 5
Russian Federation have sought to export nuclear 6
reactors to Europe, Eurasia, Latin America, Africa, 7
and South Asia. According to a 2017 study by Co-8
lumbia University’s Center on Global Energy Policy, 9
Chinese and Russian nuclear reactors are associated 10
with higher safety risk than Western nuclear reac-11
tors. In addition, financial and operational support 12
for nuclear power can extend over decades, allowing 13
Beijing and Moscow to secure long-term influence in 14
both advanced and developing economies. 15
(3) The Russian Federation is currently build-16
ing 21 reactors outside its borders, while the Peo-17
ple’s Republic of China is assembling more than a 18
third of reactors under construction globally. Ac-19
cording to research published in Nature Energy in 20
February 2023, when the Russian Federation 21
launched its invasion of Ukraine in 2022, Russian 22
state-owned nuclear operator Rosatom ‘‘boasted as 23
many as 73 different projects in 29 countries. The 24
projects were at very different stages of development 25
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from power plants in operation; through construc-1
tion of reactors ongoing, contracted, ordered or 2
planned; to involvement in tenders, invitations to 3
partnerships or officially published proposals. On top 4
of that, Russian companies have bilateral agree-5
ments or memoranda of understanding (MoUs) with 6
13 countries for services or general joint develop-7
ment of nuclear energy.’’. 8
(4) In its report, ‘‘International Status and 9
Prospects for Nuclear Power 2021’’, the Inter-10
national Atomic Energy Agency wrote, ‘‘A total of 11
28 countries have expressed interest in nuclear 12
power and are considering, planning or actively 13
working to include it into their energy mix. Another 14
24 Member States participate in the Agency’s nu-15
clear infrastructure related activities or are involved 16
in energy planning projects through the technical co-17
operation programme. Ten to twelve embarking 18
Member States plan to operate NPPs [nuclear power 19
plants] by 2030–2035, representing a potential in-20
crease of nearly 30% in the number of operating 21
countries. Several embarking countries have also ex-22
pressed interest in SMRs [small modular reactors] 23
technology, in particular Estonia, Ghana, Jordan, 24
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Kenya, Poland, Saudi Arabia and Sudan, as well as 1
expanding countries such as South Africa.’’. 2
(5) On December 2, 2023, the United States, 3
alongside more than 20 other countries, pledged to 4
triple nuclear energy capacity by 2050 and support 5
the financing of nuclear energy through the World 6
Bank and regional development banks, so as to ‘‘en-7
courage the inclusion of nuclear energy in their or-8
ganizations’ energy lending policies as needed, and 9
to actively support nuclear power when they have 10
such a mandate’’. 11
SEC. 3. MULTILATERAL DEVELOPMENT BANK SUPPORT 12
FOR NUCLEAR ENERGY. 13
Title XV of the International Financial Institutions 14
Act (22 U.S.C. 262o–262o–4) is amended by adding at 15
the end the following: 16
‘‘SEC. 1506. MULTILATERAL DEVELOPMENT BANK SUPPORT 17
FOR NUCLEAR ENERGY. 18
‘‘The Secretary of the Treasury shall instruct the 19
United States Executive Director at the International 20
Bank for Reconstruction and Development, the European 21
Bank for Reconstruction and Development, and, as the 22
Secretary finds appropriate, any other multilateral devel-23
opment bank (as defined in section 1307(g)) to use the 24
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voice, vote, and influence of the United States to advocate 1
for— 2
‘‘(1) the removal of prohibitions at the respec-3
tive bank against financial and technical assistance 4
for the generation and distribution of nuclear en-5
ergy; and 6
‘‘(2) increased internal capacity-building at the 7
respective bank for the purpose of assessing— 8
‘‘(A) the potential role of nuclear energy in 9
the energy systems of client countries; and 10
‘‘(B) the delivery of financial and technical 11
assistance described in paragraph (1) to the 12
countries.’’. 13
SEC. 4. ESTABLISHMENT OF NUCLEAR ENERGY ASSIST-14
ANCE TRUST FUNDS. 15
Title XV of the International Financial Institutions 16
Act (22 U.S.C. 262o–262o–4) is further amended by add-17
ing at the end the following: 18
‘‘SEC. 1507. ESTABLISHMENT OF NUCLEAR ENERGY ASSIST-19
ANCE TRUST FUNDS. 20
‘‘(a) I
NGENERAL.—The Secretary of the Treasury 21
shall instruct the United States Governors of the Inter-22
national Bank for Reconstruction and Development, the 23
European Bank for Reconstruction and Development, 24
and, as the Secretary deems appropriate, other inter-25
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national financial institutions (as defined in section 1
1701(c)(2)) to use the voice, vote, and influence of the 2
United States to establish at each such institution a trust 3
fund to be known as the ‘Nuclear Energy Assistance Trust 4
Fund’ that meets the requirements of subsections (b) and 5
(c) of this section. 6
‘‘(b) P
URPOSES.—The purposes of such a trust fund 7
shall be the following: 8
‘‘(1) To provide financial and technical assist-9
ance to support the generation and distribution of 10
nuclear energy in borrowing countries. 11
‘‘(2) To ensure that the international financial 12
institution makes financing available on competitive 13
terms, including for the purpose of countering credit 14
extended by the government of a country that is not 15
a member of the OECD Arrangement on Officially 16
Supported Export Credits. 17
‘‘(3) To exclusively support the adoption of nu-18
clear energy technologies that meet or exceed the 19
quality standards prevalent in the United States or 20
a country allied with the United States. 21
‘‘(4) To strengthen the capacity of the inter-22
national financial institution to assess, implement, 23
and evaluate nuclear energy projects. 24
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‘‘(c) USE OFTRUSTFUNDREVENUES.—The reve-1
nues of such a trust fund shall be made available for ac-2
tivities for the purposes described in subsection (b), or the 3
United States share of the revenues shall be remitted to 4
the general fund of the Treasury, as the Secretary finds 5
appropriate. 6
‘‘(d) R
ULE OFINTERPRETATION.—This section shall 7
not be interpreted to affect the ability of the United States 8
Governor of, or the United States Executive Director at, 9
an international financial institution (as so defined) to en-10
courage the provision of financial or technical assistance 11
from non-trust fund resources of the institution to support 12
the generation or distribution of nuclear energy.’’. 13
SEC. 5. INCLUSION IN ANNUAL REPORT. 14
During the 7-year period that begins with the date 15
of enactment of this Act, the Chairman of the National 16
Advisory Council on International Monetary and Financial 17
Policies shall, include in the annual report required by sec-18
tion 1701 of the International Financial Institutions Act 19
a description of any progress made— 20
(1) to promote multilateral development bank 21
(as defined in such section) assistance for nuclear 22
energy; and 23
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(2) to establish a trust fund pursuant to section 1
1507 of such Act or, as the case may be, a summary 2
of the activities of any such trust fund. 3
SEC. 6. SUNSET. 4
This Act and the amendments made by this Act shall 5
have no force or effect beginning 10 years after the date 6
of the enactment of this Act. 7
Æ
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