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119-s-1739119th CongressWALLET

International Nuclear Energy Financing Act of 2025

Sponsored By: Senator McCormick, David [R-PA]

Introduced

Summary

Expands multilateral development bank financing for nuclear energy. It would create Nuclear Energy Assistance Trust Funds at international development banks and direct U.S. officials to push those banks to fund nuclear projects that meet U.S. or allied quality standards.

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  • Borrowing countries would gain access to financial and technical help for nuclear generation and distribution. The trust funds aim to provide competitive financing and to counter state-backed export credit from non-OECD exporters.
  • Multilateral development banks would host new Nuclear Energy Assistance Trust Funds and face U.S. advocacy to remove prohibitions on financing nuclear technologies that meet U.S. or allied standards. They would also be pushed to build internal capacity to assess and implement nuclear projects.
  • U.S. oversight would include Treasury instructions to U.S. executive directors at these banks and annual reporting on progress for 7 years. Key program provisions and the advocacy authority include 10-year sunset rules.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More international financing for nuclear projects

If enacted, the bill would create Nuclear Energy Assistance Trust Funds at multilateral development banks. The funds would provide loans and technical help for building and operating nuclear power in borrowing countries. They would only support nuclear technologies that meet or exceed U.S. or allied quality standards. The Treasury would instruct U.S. bank directors to push banks to lift bans on nuclear lending and to build staff capacity to assess such projects. Trust fund revenues could be used for projects or, at the Secretary's choice, the U.S. share could be sent to the Treasury. These instructions and the funds would end 10 years after enactment.

Sponsors & CoSponsors

Sponsor

McCormick, David [R-PA]

PA • R

Cosponsors

  • Sen. Coons, Christopher A. [D-DE]

    DE • D

    Sponsored 5/13/2025

Roll Call Votes

No roll call votes available for this bill.

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