Last progress May 13, 2025 (6 months ago)
Introduced on May 13, 2025 by David Harold McCormick
Read twice and referred to the Committee on Foreign Relations.
This proposal tells the U.S. to push the World Bank, the European Bank for Reconstruction and Development, and similar lenders to allow and support nuclear power projects in countries that borrow from them. It calls for removing bank rules that block funding for safe, high‑quality nuclear technologies, and for building staff skills at these banks so they can judge and help run nuclear projects. The plan includes setting up special trust funds at these banks to offer money and technical help on competitive terms, with a focus on technology that meets U.S. or allied quality standards. It also lets the U.S. encourage help from other bank resources beyond the trust funds. Parts of the policy would end after 10 years, and for 7 years the U.S. would report on progress each year .
Supporters say nuclear power can provide low‑carbon electricity and that better financing options can help countries that want it. The trust funds are also meant to compete with deals from countries outside an export‑credit agreement group, aiming to keep terms fair for borrowers. Overall, the goal is to make it easier and safer for nations to choose nuclear energy if it fits their needs .
Key points