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 Asian Development Bank) to oppose and reverse restrictions on financing coal, oil, natural gas, and nuclear energy projects. It requires these institutions to eliminate policies blocking such financing and ties 50% of U.S. funding for the International Bank for Reconstruction and Development to certification that these restrictions have been removed. The bill aims to increase access to energy financing for developing countries by promoting these specific energy sources, with annual reports to Congress tracking progress. It directly affects how U.S. funds are used at global banks and the energy project options available to developing nations.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
President
Introduced May 15, 2025
Last action May 15, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 15, 2025
Committee
Read twice and referred to the Committee on Foreign Relations. (text: CR S2953-2954)
upper
May 15, 2025
Introduced
Introduced in Senate
upper
1 primary · 6 co-sponsors
Sponsors
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