Combating Global Poverty Through Energy Development Act
This bill directs the U.S. Treasury Secretary to instruct U.S. representatives at major international financial institutions (like the World Bank and IMF) to oppose and reverse policies restricting financing for coal, oil, natural gas, and nuclear energy projects. It requires these institutions to eliminate such restrictions or face limits on U.S. funding (capping obligations at 50% until compliance). The bill also mandates annual reports detailing efforts to remove financing barriers for these energy sources and steps to promote international energy project financing. It directly affects how global development banks allocate capital for energy infrastructure in developing nations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2024
Committee Review
Floor Vote
President
Introduced Nov 21, 2024
Last action Nov 21, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Nov 21, 2024
Committee
Read twice and referred to the Committee on Foreign Relations.
upper
Nov 21, 2024
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Barrasso
RRepublican
Co
Bill Hagerty
RRepublican
Co
Cynthia M. Lummis
RRepublican
Co
Dan Sullivan
RRepublican
Co
Ted Cruz
RRepublican
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