§262o–6 Establishment of Nuclear Energy Assistance Trust Funds

Summary

The Secretary of the Treasury must tell the U.S. Governors at the World Bank (and, when appropriate, at other international banks) to use America’s voice and vote to create a "Nuclear Energy Assistance Trust Fund" at each such institution. The fund must give financial and technical help for building and running nuclear power systems in borrowing countries. It must offer competitive financing, including to counter loans from countries that are not part of the OECD export-credit arrangement. It must only support nuclear technologies (including small modular reactors) that meet U.S. or OECD-member safety and quality standards. It must also help the bank get better at evaluating and carrying out nuclear projects. Money from the fund can be used for those purposes, or the U.S. share of the fund’s income can be returned to the Treasury general fund if the Secretary decides. This does not stop U.S. officials at those banks from encouraging the use of other, non-trust-fund resources to support nuclear energy.