Last progress February 21, 2025 (9 months ago)
Introduced on February 21, 2025 by French Hill
Referred to the House Committee on Financial Services.
This bill pushes global development banks to support safe nuclear energy projects. It tells the U.S. Treasury to use its voice at the World Bank and the European Bank for Reconstruction and Development to lift blanket bans on financing nuclear power that meets U.S. or allied quality standards, and to build staff capacity to review and support these projects. Congress points to nuclear power as a major source of low‑carbon electricity worldwide and notes that many countries are exploring it, amid growing reactor exports from Russia and China and a pledge by many nations to triple nuclear capacity by 2050.
The bill also seeks to set up Nuclear Energy Assistance Trust Funds at these banks. The funds would provide money and technical help to countries that want to add nuclear power, make financing competitive with state‑backed offers from non‑OECD lenders, and limit support to high‑standard technologies. The U.S. share of fund revenues could be used for these purposes or returned to the Treasury, and U.S. officials may also encourage nuclear support outside the trust funds. The government must report progress each year for 7 years, and the law ends 10 years after it takes effect.
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