II 

118TH CONGRESS 

1ST SESSION S. 458 

To establish a program to reduce the reliance of allied and partner nations 

on natural gas, petroleum, nuclear fuel, and minerals produced in Russia, 

and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

FEBRUARY 15, 2023 

Mr. MANCHIN (for himself and Ms. MURKOWSKI) introduced the following bill; 

which was read twice and referred to the Committee on Foreign Relations 

A BILL 

To establish a program to reduce the reliance of allied and 

partner nations on natural gas, petroleum, nuclear fuel, 

and minerals produced in Russia, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘North American 

5 Transatlantic Resource Security Partnership Act of 

6 2023’’. 

7 SEC. 2. DEFINITION OF SECRETARIES. 

8 In this Act, the term ‘‘Secretaries’’ means the Sec9 retary of Energy and the Secretary of the Interior. 


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1 SEC. 3. PROGRAM TO REDUCE RELIANCE ON RUSSIAN EN2 ERGY. 

3 (a) DEFINITION OF ALLY OR PARTNER NATION.— 

4 In this section, the term ‘‘ally or partner nation’’ means 

5 the Government of each of the following: 

6 (1) Australia. 

7 (2) Finland. 

8 (3) Japan. 

9 (4) The Republic of Korea. 

10 (5) Sweden. 

11 (6) Switzerland. 

12 (7) Ukraine. 

13 (8) Kosovo. 

14 (9) Moldova. 

15 (10) A country with a transmission system op16 erator that is included in the European Network of 

17 Transmission System Operators for Electricity. 

18 (11) A member of the North Atlantic Treaty 

19 Organization. 

20 (12) Any other country designated as an ally or 

21 partner nation by the Secretaries for purposes of 

22 this Act. 

23 (b) ESTABLISHMENT.—The Secretaries shall estab24 lish a joint program (referred to in this section as the 

25 ‘‘program’’) to reduce the reliance of ally or partner na26 tions on natural gas, petroleum (including crude oil and 


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1 petroleum products), coal, minerals, nuclear fuel, isotopes, 

2 and other energy-related and mineral-related technologies 

3 and commodities produced in Russia by— 

4 (1) developing or manufacturing relevant re5 sources, materials, or equipment domestically; 

6 (2) providing those resources, materials, and 

7 equipment to an ally or partner nation under such 

8 terms and conditions as the Secretaries determine 

9 appropriate; 

10 (3) issuing loans, loan guarantees, other finan11 cial assistance, or assistance in the form of an equity 

12 interest to carry out the activities described in para13 graphs (1) and (2); and 

14 (4) providing relevant technical assistance to an 

15 ally or partner nation. 

16 (c) PRIORITY.—In carrying out the program, the Sec17 retaries shall give priority to activities and projects that— 

18 (1) are located in the United States; or 

19 (2) are located in or benefit countries that had 

20 an annual per capita gross domestic product of not 

21 more than $28,000 in 2020. 

22 (d) PARTNERSHIPS.—The Secretaries may partner 

23 with other Federal agencies to carry out the program. 

24 (e) AUTHORITY TO ENTER INTO AGREEMENTS.—In 

25 carrying out the program, the Secretaries may enter into 


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1 1 or more agreements directly with an ally or partner na2 tion or a third party under such terms and conditions as 

3 the Secretaries determine appropriate. 

4 (f) DOMESTIC SOURCING CONSIDERATIONS.— 

5 (1) IN GENERAL.—Except as provided in para6 graph (2), to the extent practicable, the Secretaries 

7 may only carry out an activity described in para8 graphs (1) through (4) of subsection (b) if the activ9 ity— 

10 (A) relies on resources, materials, or equip11 ment that are developed or produced in the 

12 United States; and 

13 (B) promotes— 

14 (i) the energy and national security of 

15 the United States or ally or partner na16 tions; or 

17 (ii) manufacturing in the United 

18 States. 

19 (2) EXCEPTION.—Paragraph (1) shall not 

20 apply with respect to an activity described in para21 graphs (1) through (4) of subsection (b) if the Sec22 retary of Energy certifies that such an activity can23 not reasonably satisfy clause (i) or (ii) of paragraph 

24 (1)(B). 


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1 (g) REPORTS.—Not later than 90 days after the date 

2 of enactment of this Act, and annually thereafter, the Sec3 retaries shall submit to the Committee on Energy and 

4 Natural Resources and the Committee on Foreign Rela5 tions of the Senate and the Committee on Energy and 

6 Commerce and the Committee on Foreign Affairs of the 

7 House of Representatives a report that— 

8 (1) identifies any resources, materials, or equip9 ment developed under subsection (b)(1); and 

10 (2) analyzes how the program benefits domestic 

11 resource suppliers and manufacturers. 

12 (h) AUTHORIZATION OF APPROPRIATIONS.— 

13 (1) IN GENERAL.—There is authorized to be 

14 appropriated to the Secretaries to carry out this sec15 tion $500,000,000 for fiscal year 2024, to remain 

16 available until September 30, 2026. 

17 (2) NORD STREAM 2 PIPELINE DISCONTINU18 ATION.— 

19 (A) AUTHORIZATION OF APPROPRIA20 TIONS.—In addition to the amount authorized 

21 to be appropriated under paragraph (1), there 

22 is authorized to be appropriated to the Secre23 taries to carry out this section $500,000,000 

24 for fiscal year 2024, to remain available until 

25 September 30, 2026. 


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1 (B) CONDITIONS.—Amounts appropriated 

2 pursuant to subparagraph (A) may only be ex3 pended if the Secretary of Energy certifies to 

4 Congress that the planning, construction, and 

5 operation of the Nord Stream 2 pipeline has 

6 been permanently discontinued, including as a 

7 result of United States sanctions imposed on 

8 any person or entity responsible for such plan9 ning, construction, or operation. 

10 SEC. 4. DOMESTIC ENERGY AND MINERAL SECURITY EVAL11 UATION. 

12 (a) REPORT ON DOMESTIC ENERGY AND MINERAL

13 SECURITY.—Not later than 1 year after the date of enact14 ment of this Act, the Secretaries shall develop and submit 

15 to the Committee on Energy and Natural Resources of 

16 the Senate and the Committee on Energy and Commerce 

17 of the House of Representatives a report that evaluates 

18 the energy and mineral security of the United States, in19 cluding— 

20 (1) identification of any threats posed to the 

21 supply, transmission, distribution, or use of energy 

22 in the United States; 

23 (2) identification of any threats posed to the 

24 supply, processing, refining, and distribution of min25 erals in the United States; 


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1 (3) the potential impact of the threats described 

2 in paragraphs (1) and (2) on— 

3 (A) the economy of the United States; 

4 (B) consumers and well-functioning and 

5 competitive energy and mineral markets in the 

6 United States; and 

7 (C) the national security of the United 

8 States; and 

9 (4) identification of means to strengthen do10 mestic production while standardizing a system to 

11 support projects with ally or partner nations to es12 tablish resilient and responsible energy and mineral 

13 supply chains. 

14 (b) CONSULTATION.—In developing the report under 

15 subsection (a), the Secretaries may consult with relevant 

16 Federal, State, private sector, and other entities, as the 

17 Secretaries determine appropriate. 

18 SEC. 5. ENERGY AND RELATED INFRASTRUCTURE SUPPLY 

19 CHAIN RELIABILITY ASSURANCE PROGRAM. 

20 (a) IN GENERAL.—The Secretaries shall establish a 

21 supply chain reliability assurance program (referred to in 

22 this section as the ‘‘program’’), under which the Secre23 taries shall— 

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1 ment of secure supply chains, including energy pro2 duction, mining, mineral processing, and manufac3 turing; 

4 (2) facilitate collaboration with Federal agen5 cies, industrial partners, Mexico, and Canada to es6 tablish, grow, and maintain a reliable domestic sup7 plier base of critical energy materials and tech8 nologies by establishing government-to-government 

9 partnerships and public-private partnerships— 

10 (A) to procure materials (as defined in sec11 tion 2(b) of the National Materials and Min12 erals Policy, Research and Development Act of 

13 1980 (30 U.S.C. 1601(b))) to meet the engi14 neering and performance requirements of the 

15 Department of Energy (referred to in this sec16 tion as the ‘‘Department’’) and private and 

17 public entities; and 

18 (B) that may relate to— 

19 (i) high-performance computing; 

20 (ii) carbon capture materials; 

21 (iii) the electric grid, including trans22 formers and high voltage direct current; 

23 (iv) energy storage; 

24 (v) hydropower and pumped storage 

25 hydropower; 


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1 (vi) nuclear energy; 

2 (vii) catalysts; 

3 (viii) semiconductors; 

4 (ix) solar photovoltaics; 

5 (x) wind; 

6 (xi) isotopes; 

7 (xii) oil and gas; 

8 (xiii) advanced materials; and 

9 (xiv) geothermal electrical and ther10 mal power storage; 

11 (3) improve coordination with Mexico and Can12 ada to improve planning for material requirements 

13 and potential disruptions to commercial or con14 tractor supply chains of materials crucial to energy 

15 and related technologies, including by— 

16 (A) assisting in coordination for fore17 casting future needs in existing and emerging 

18 energy and related technologies and new pro19 curements; and 

20 (B) establishing clear requirements to in21 crease raw material availability, expand manu22 facturing capabilities, support the formation of 

23 diverse, secure, and socially responsible foreign 

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1 edge and decision-making for energy and re2 lated technologies; 

3 (4) collaborate with Federal agencies, industrial 

4 partners, and international partners to establish 

5 processes to mitigate manufacturing challenges for 

6 energy infrastructure and other energy-related prod7 ucts and to develop strategies to lower the long-term 

8 costs of energy materials and technology while iden9 tifying and preserving— 

10 (A) the production of materials and com11 ponents required for advanced energy tech12 nologies and products, including natural gas, 

13 hydrogen, pipelines, and transmission, renew14 ables, advanced nuclear, advanced energy mate15 rials, and commercial-scale energy storage by 

16 the Department; and 

17 (B) energy and related infrastructure; and 

18 (5) plan for— 

19 (A) the sustainment of the supply of recy20 cled materials for energy and related tech21 nologies; and 

22 (B) required infrastructure to recycle ma23 terials for energy and related technologies. 

24 (b) FINANCIAL ASSISTANCE.—The Secretaries may 

25 provide loans, loan guarantees, other financial assistance, 


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1 and assistance in the form of an equity interest to carry 

2 out the activities under the program. 

3 (c) FUNDING.—There is authorized to be appro4 priated to the Secretaries to carry out this section 

5 $200,000,000 for the period of fiscal years 2024 through 

6 2028. 

7 SEC. 6. NORTH AMERICAN ENERGY SECURITY COOPERA8 TION. 

9 (a) COVERED ENERGY SOURCE DEFINED.—In this 

10 section, the term ‘‘covered energy source’’ means any of 

11 the following: 

12 (1) Solar energy. 

13 (2) Biomass energy. 

14 (3) Energy efficiency technology. 

15 (4) Wind energy. 

16 (5) Geothermal energy. 

17 (6) Wave and tidal energy. 

18 (7) Advanced battery technology. 

19 (8) Hydrogen technology. 

20 (9) Nuclear energy. 

21 (10) Carbon capture, utilization, and storage 

22 technology. 

23 (11) Natural gas energy, including conventional 

24 and unconventional natural gas technologies and 


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1 other associated technologies, and natural gas 

2 projects. 

3 (12) Water technologies, including water desali4 nation, wastewater treatment and reclamation, and 

5 other water treatment refining. 

6 (13) Petroleum, petroleum derivatives, and pe7 troleum products. 

8 (14) Critical materials (as defined in section 

9 7002(a) of the Energy Act of 2020 (30 U.S.C. 

10 1606(a))) necessary for use of any of the energy 

11 sources described in paragraphs (1) through (13). 

12 (b) SENSE OF CONGRESS ON UNITED STATES-MEX13 ICO-CANADA COOPERATION AGREEMENT.—It is the sense 

14 of Congress that— 

15 (1) it is in the highest economic and national 

16 security interests of the United States to develop 

17 covered energy sources in the United States; 

18 (2) the states of Mexico and provinces of Can19 ada are steadfast allies of the United States and 

20 have the capacity to produce energy and mineral re21 sources that contribute to economic and national se22 curity; 

23 (3) enhanced cooperation between the United 

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1 search and development of covered energy sources 

2 would be in the national interests of all 3 countries; 

3 (4) energy cooperation between the United 

4 States, Mexico, and Canada and the development of 

5 natural resources by all 3 countries are in the stra6 tegic interests of the United States; 

7 (5) the United States can play a role in assist8 ing Mexico and Canada with regional safety and se9 curity issues; 

10 (6) the Secretaries, as appropriate and in con11 sultation with the National Science Foundation, 

12 should collaborate with Mexico and Canada with re13 spect to research, development, and deployment of 

14 covered energy sources; 

15 (7) the United States, Mexico, and Canada 

16 should strive to develop more robust academic co17 operation with respect to— 

18 (A) energy innovation technology and engi19 neering; 

20 (B) water science; 

21 (C) technology transfer; and 

22 (D) analysis of— 

23 (i) emerging geopolitical dynamics, 

24 threats, and crises from acquisitions of 


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1 natural resources and energy supplies by 

2 foreign countries; and 

3 (ii) the development of domestic re4 sources as a response to those threats; and 

5 (8) the United States strongly urges open dia6 logue and continued mechanisms for regular engage7 ment and encourages further cooperation between 

8 applicable departments, agencies, ministries, institu9 tions of higher education, and the private sector of 

10 the United States, Mexico, and Canada on energy 

11 security issues, including with respect to— 

12 (A) identifying policy priorities associated 

13 with the development of natural resources of 

14 Mexico and Canada; 

15 (B) discussing and sharing best practices 

16 with respect to securing cyber energy infra17 structure and other energy security matters; 

18 (C) leveraging natural gas to positively im19 pact regional stability; 

20 (D) issues relating to the energy-water 

21 nexus, including improving energy efficiency 

22 and the overall performance of water tech23 nologies through research and development in 

24 water desalination, wastewater treatment and 

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1 duction processes, and other water treatment 

2 refiners; 

3 (E) technical and environmental manage4 ment of deep-water exploration and production; 

5 (F) emergency response and coastal pro6 tection and restoration; 

7 (G) academic outreach and engagement; 

8 (H) private sector and business develop9 ment; 

10 (I) regulatory consultations; 

11 (J) leveraging alternative transportation 

12 fuels and technologies; and 

13 (K) any other areas determined appro14 priate by the governments of the United States, 

15 Mexico, and Canada. 

16 (c) PROGRAM TO PROMOTE NORTH AMERICAN EN17 ERGY COOPERATION.— 

18 (1) IN GENERAL.—The Secretaries, in consulta19 tion with the Secretary of State, the Secretary of 

20 Commerce, and the heads of other relevant agencies, 

21 shall carry out a program to promote cooperation on 

22 energy issues with the governments of Mexico and 

23 Canada. 


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1 (2) ACTIVITIES.—Under the program required 

2 by paragraph (1), the Secretaries shall coordinate 

3 with the governments of Mexico and Canada— 

4 (A) to increase the production of energy 

5 supplies; 

6 (B) to improve energy efficiency; 

7 (C) to assist in the development and trans8 fer of energy supply and efficiency technologies 

9 that would have a beneficial impact on world 

10 energy markets; 

11 (D) to align energy-related regulations to 

12 reduce the burden on energy companies con13 ducting trans-border activities and to align reg14 ulations and standards in the appropriate sec15 tors; 

16 (E) to streamline the United States presi17 dential permitting process to ensure that re18 quirements are consistently implemented by 

19 having a fair and reliable process for obtaining 

20 presidential permits for trans-border energy in21 frastructure projects; 

22 (F) to implement processes for cross-bor23 der movement of equipment and workers to 

24 avoid delays in business and trade transactions; 

25 and 


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1 (G) to involve States of the United States, 

2 states of Mexico, and provinces of Canada in ef3 forts to advance North American energy inte4 gration. 

5 (3) LOANS AND LOAN GUARANTEES.— 

6 (A) ESTABLISHMENT.—In implementing 

7 cooperative agreements with the governments of 

8 Mexico and Canada entered into under this sub9 section, the Secretary of Energy shall establish 

10 a program under which the Secretary may pro11 vide loans and loan guarantees to support 

12 projects relating to the research, development, 

13 and commercialization of covered energy 

14 sources. 

15 (B) ELIGIBLE PROJECTS.—A project is eli16 gible for a loan or loan guarantee under sub17 paragraph (A) if the project— 

18 (i) addresses a requirement relating to 

19 improvement of covered energy sources, as 

20 determined by the Secretary of Energy; 

21 and 

22 (ii) is a joint venture between— 

23 (I)(aa) a for-profit business enti24 ty, institution of higher education (as 

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1 er Education Act of 1965 (20 U.S.C. 

2 1001(a))), National Laboratory (as 

3 defined in section 2 of the Energy 

4 Policy Act of 2005 (42 U.S.C. 

5 15801)), or nonprofit entity in the 

6 United States; and 

7 (bb) a for-profit business entity, 

8 institution of higher education, or 

9 nonprofit entity in Mexico or Canada; 

10 or 

11 (II) 2 or more of the following: 

12 (aa) The United States Gov13 ernment. 

14 (bb) The Government of 

15 Mexico. 

16 (cc) The Government of 

17 Canada. 

18 (C) APPLICATIONS.— 

19 (i) IN GENERAL.—An entity seeking a 

20 loan or loan guarantee under subpara21 graph (A) shall submit to the Secretary of 

22 Energy an application for the loan or loan 

23 guarantee in accordance with procedures 

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1 tion with the advisory board established 

2 under subparagraph (D). 

3 (ii) LOAN GUARANTEES.—The Sec4 retary of Energy shall require any entity 

5 seeking a loan guarantee to pay all credit 

6 subsidy costs associated with the loan 

7 guarantee. 

8 (D) ADVISORY BOARD.— 

9 (i) ESTABLISHMENT.—The Secretary 

10 of Energy shall establish an advisory 

11 board— 

12 (I) to monitor the method by 

13 which loans and loan guarantees are 

14 awarded under subparagraph (A); and 

15 (II) to provide to the Secretary of 

16 Energy periodic performance reviews 

17 of actions taken to carry out this 

18 paragraph. 

19 (ii) COMPOSITION.—The advisory 

20 board established under clause (i) shall be 

21 composed of 3 members, to be appointed 

22 by the Secretary of Energy, of whom— 

23 (I) 1 shall be a representative of 

24 the United States Government; 


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1 (II) 1 shall be selected from a list 

2 of nominees provided by the Govern3 ment of Mexico; and 

4 (III) 1 shall be selected from a 

5 list of nominees provided by the Gov6 ernment of Canada. 

7 (E) CONTRIBUTED FUNDS.—Notwith8 standing section 3302 of title 31, United States 

9 Code, the Secretary of Energy may accept, re10 tain, and use funds contributed by any person, 

11 government entity, or organization for purposes 

12 of carrying out this paragraph— 

13 (i) without further appropriation; and 

14 (ii) without fiscal year limitation. 

15 (F) REPORT.—Not later than 180 days 

16 after the date of completion of a project for 

17 which a loan or loan guarantee is provided 

18 under subparagraph (A), the recipient of the 

19 loan or loan guarantee shall submit to the Sec20 retary of Energy a report that contains— 

21 (i) a description of how the recipient 

22 used the loan or loan guarantee; and 

23 (ii) an evaluation of the level of suc24 cess of the project for which a loan or loan 

25 guarantee was provided. 


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1 (d) INTERNATIONAL PARTNERSHIPS.— 

2 (1) IN GENERAL.—The Secretary of Energy 

3 may enter into cooperative agreements supporting 

4 and enhancing dialogue and planning involving inter5 national partnerships between the Department of 

6 Energy, including the National Laboratories (as de7 fined in section 2 of the Energy Policy Act of 2005 

8 (42 U.S.C. 15801)), and the government of Mexico 

9 or Canada. 

10 (2) FEDERAL SHARE.—The Secretary of En11 ergy may not pay more than 50 percent of the costs 

12 of implementing cooperative agreements entered into 

13 pursuant to paragraph (1). 

14 (3) ANNUAL REPORTS.—If the Secretary of En15 ergy enters into agreements authorized by paragraph 

16 (1), the Secretary shall, not less frequently than an17 nually, submit to the committees specified in para18 graph (4) a report that describes, for the year pre19 ceding submission of the report— 

20 (A) actions taken to implement such agree21 ments; and 

22 (B) any projects undertaken pursuant to 

23 such agreements. 

24 (4) COMMITTEES SPECIFIED.—The committees 

25 specified in this paragraph are— 


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1 (A) the Committee on Energy and Natural 

2 Resources, the Committee on Foreign Rela3 tions, and the Committee on Appropriations of 

4 the Senate; and 

5 (B) the Committee on Energy and Com6 merce, the Committee on Science, Space, and 

7 Technology, the Committee on Foreign Affairs, 

8 and the Committee on Appropriations of the 

9 House of Representatives. 

10 (e) UNITED STATES-MEXICO-CANADA ENERGY CEN11 TER.— 

12 (1) IN GENERAL.—The Secretary of Energy 

13 shall seek to establish, jointly with the governments 

14 of Mexico and Canada, a United States-Mexico-Can15 ada Energy Center (in this subsection referred to as 

16 the ‘‘Center’’) located in the United States. 

17 (2) PURPOSE.—The purpose of the Center shall 

18 be to further dialogue and collaboration between the 

19 United States, Mexico, and Canada to develop more 

20 robust academic cooperation with respect to— 

21 (A) energy innovation technology and engi22 neering, water science, and technology transfer; 

23 (B) analysis of emerging geopolitical dy24 namics, threats, and crises from acquisitions by 


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1 foreign governments of natural resources and 

2 energy supplies; and 

3 (C) the development of domestic resources 

4 as a response to those implications, crises, and 

5 threats. 

6 (3) USE OF EXPERIENCE AND KNOWLEDGE.— 

7 In establishing the Center, the Secretary of Energy 

8 shall seek to leverage the experience, knowledge, and 

9 expertise of institutions of higher education and en10 tities in the private sector, among others, with re11 spect to offshore energy development. 

12 SEC. 7. STRATEGIC ENERGY FINANCING. 

13 (a) STRATEGIC ENERGY AND MINERALS PORTFOLIO

14 AT UNITED STATES INTERNATIONAL DEVELOPMENT FI15 NANCE CORPORATION.—Title V of the Better Utilization 

16 of Investments Leading to Development Act of 2018 (22 

17 U.S.C. 9671 et seq.) is amended by adding at the end 

18 the following: 

19 ‘‘SEC. 1455. STRATEGIC ENERGY AND MINERALS PORT20 FOLIO. 

21 ‘‘The Corporation— 

22 ‘‘(1) may provide support under title II for 

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1 facturing, or recycling of critical minerals (as de2 fined in section 7002(a) of the Energy Act of 2020 

3 (30 U.S.C. 1606(a))); and 

4 ‘‘(2) may not prohibit, restrict, or otherwise im5 pede the provision of support on the basis of the 

6 type of energy involved in a project.’’. 

7 (b) PROMOTION OF ENERGY AND MINERALS EX8 PORTS BY EXPORT-IMPORT BANK OF THE UNITED

9 STATES.— 

10 (1) STRATEGIC ENERGY AND MINERALS PORT11 FOLIO.—The Export-Import Bank Act of 1945 (12 

12 U.S.C. 635 et seq.) is amended by adding at the end 

13 the following: 

14 ‘‘SEC. 16. STRATEGIC ENERGY AND MINERALS PORTFOLIO. 

15 ‘‘(a) IN GENERAL.—The Bank shall establish a stra16 tegic energy and minerals portfolio focused on providing 

17 financing (including loans, loan guarantees, and insur18 ance) for civil nuclear energy infrastructure projects (sub19 ject to subsection (c)), natural gas infrastructure projects, 

20 and critical minerals projects (including production, proc21 essing, manufacturing, or recycling), that may facilitate— 

22 ‘‘(1) increases in exports of United States en23 ergy commodities, such as regasification terminals; 

24 ‘‘(2) the export of United States equipment, 

25 materials, and technology; or 


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1 ‘‘(3) the strategic diversification of supply 

2 chains critical to the United States economy. 

3 ‘‘(b) MAXIMUM EXPOSURE CAP FOR STRATEGIC EN4 ERGY PORTFOLIO.— 

5 ‘‘(1) IN GENERAL.—The aggregate amount of 

6 loans, guarantees, and insurance under subsection 

7 (a) the Bank has outstanding at any one time may 

8 not exceed $50,000,000,000. 

9 ‘‘(2) TREATMENT OF DEFAULTS.—A default on 

10 financing provided under subsection (a) shall not— 

11 ‘‘(A) be included in the default rate cal12 culated by the Bank under section 8(g)(1); or 

13 ‘‘(B) count for purposes of the freeze on 

14 lending provided for under section 6(a)(3). 

15 ‘‘(c) LIMITATION.—The Bank may provide financing 

16 for civil nuclear energy infrastructure projects only in 

17 countries with which the United States has in effect a nu18 clear cooperation agreement under section 123 of the 

19 Atomic Energy Act of 1954 (42 U.S.C. 2153). 

20 ‘‘(d) RULE OF CONSTRUCTION.—Nothing in this sec21 tion may be construed to lessen the obligation of the Bank 

22 to conduct rigorous due diligence and mitigate risks with 

23 respect to transactions or projects for which the Bank pro24 vides financing under this section. 


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1 ‘‘(e) CRITICAL MINERAL DEFINED.—In this section, 

2 the term ‘critical mineral’ has the meaning given the term 

3 in section 7002(a) of the Energy Act of 2020 (30 U.S.C. 

4 1606(a)).’’. 

5 (2) PROMOTION OF ENERGY EXPORTS.—Section 

6 2(b)(1)(C) of the Export-Import Bank Act of 1945 

7 (12 U.S.C. 635(b)(1)(C)) is amended by striking 

8 ‘‘nonnuclear renewable’’ and inserting ‘‘all’’. 

9 (3) MODIFICATION OF LIMITATION ON FINANC10 ING FOR NUCLEAR ENERGY EXPORTS.—Section 

11 2(b)(5) of the Export-Import Bank Act of 1945 (12 

12 U.S.C. 635(b)(5)) is amended by striking ‘‘any liq13 uid metal fast breeder nuclear reactor or any nuclear 

14 fuel reprocessing facility’’ and inserting ‘‘any nuclear 

15 material, equipment, or technology not provided for 

16 under a nuclear cooperation agreement in effect 

17 under section 123 of the Atomic Energy Act of 1954 

18 (42 U.S.C. 2153)’’. 

19 (4) EXTENSION OF EXPORT-IMPORT BANK.— 

20 (A) AGGREGATE LOAN, GUARANTEE, AND

21 INSURANCE AUTHORITY.—Section 6(a) of the 

22 Export-Import Bank Act of 1945 (12 U.S.C. 

23 635e(a)) is amended— 

24 (i) in paragraph (2), by striking 

25 ‘‘2020 through 2027, means 


kjohnson on DSK79L0C42PROD with BILLS
27 

•S 458 IS

1 $135,000,000,000’’ and inserting ‘‘2024 

2 through 2033, means $200,000,000,000’’; 

3 and 

4 (ii) in paragraph (3), by striking ‘‘If’’ 

5 and inserting ‘‘Except as provided in sec6 tion 16(b)(2), if’’. 

7 (B) TERMINATION.—Section 7 of the Ex8 port-Import Bank Act of 1945 (12 U.S.C. 

9 635f) is amended by striking ‘‘2026’’ and in10 serting ‘‘2033’’. 

Æ 


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