Energy Security Pacts Act

The Energy Security Pacts Act authorizes the Secretary of State to create multiyear agreements with eligible partner countries to enhance energy and economic security by diversifying critical mineral and energy supply chains. This legislation establishes a new Office of Energy Security Pacts within the State Department, led by a dedicated Director, and creates an interagency Council to coordinate efforts among various federal departments. Funding for these pacts can be drawn from existing national security and development accounts, with strict rules prohibiting military assistance, projects that harm U.S. jobs, and any activities posing environmental or safety risks. To qualify for these agreements, partner countries must generally have low per capita incomes or be in the process of graduating from World Bank aid, and the pacts must include detailed plans for economic growth and private sector investment.