American Energy for Europe Act

To establish a program to reduce the reliance of allied European countries on natural gas, petroleum, and nuclear fuel produced in Russia, and for other purposes. 1. Short title This Act may be cited as the American Energy for Europe Act 2. Program to reduce European reliance on Russian energy (a) Establishment The Secretary of Energy shall establish and carry out a program to reduce the reliance of allied European countries on natural gas, petroleum, and nuclear fuel produced in Russia by— (1) developing, producing, or procuring resources, materials, or equipment that can reduce an allied European country’s reliance on natural gas, petroleum, or nuclear fuel produced in Russia; (2) providing to an allied European country, under such terms and conditions as the Secretary of Energy determines appropriate, resources, materials, or equipment that can reduce the allied European country’s reliance on natural gas, petroleum, or nuclear fuel produced in Russia; (3) issuing grants, loans, or loan guarantees to carry out projects that can reduce an allied European country’s reliance on natural gas, petroleum, or nuclear fuel produced in Russia; and (4) providing technical assistance to an allied European country, as the Secretary of Energy determines necessary to reduce the allied European country’s reliance on natural gas, petroleum, or nuclear fuel produced in Russia. (b) Partnerships The Secretary of Energy may partner with other Federal agencies to carry out the program established under subsection (a). (c) Authority To enter into agreements In carrying out the program established under subsection (a), the Secretary of Energy may enter into one or more agreements directly with allied European countries and third parties under such terms and conditions as the Secretary determines appropriate. (d) Domestic sourcing considerations (1) In general Except as provided in paragraph (2), the Secretary of Energy may only carry out an activity described in paragraph (1), (2), or (3) of subsection (a) if— (A) such activity promotes manufacturing in the United States; or (B) such activity relies on resources, materials, or equipment that are developed or produced in the United States. (2) Exception Paragraph (1) of this subsection shall not apply with respect to an activity described in paragraph (1), (2), or (3) of subsection (a) if the Secretary of Energy certifies that such an activity cannot reasonably satisfy subparagraph (A) or (B) of paragraph (1) of this subsection. (e) Reports Not later than 90 days after the date of enactment of this section, and annually thereafter, the Secretary of Energy shall submit to the Committee on Energy and Commerce and the Committee on Foreign Affairs of the House of Representatives, and the Committee on Energy and Natural Resources and the Committee on Foreign Relations of the Senate, a report that— (1) identifies any resources, materials, or equipment developed, produced, procured, or provided pursuant to the program established under subsection (a); and (2) includes an analysis of how such program benefits domestic energy suppliers and manufacturers. (f) Authorization of appropriation (1) In general There is authorized to be appropriated to the Secretary of Energy to carry out this section $500,000,000 for fiscal year 2022, to remain available until September 30, 2024. (2) Nord Stream 2 pipeline discontinuation (A) Authorization of appropriation In addition to the amount authorized to be appropriated under paragraph (1), there is authorized to be appropriated to the Secretary of Energy to carry out this section $1,000,000,000 for fiscal year 2022, to remain available until September 30, 2024. (B) Conditions Amounts appropriated pursuant to subparagraph (A) may only be expended if the Secretary of Energy certifies to Congress that the planning, construction, and operation of the Nord Stream 2 pipeline has been permanently discontinued, including as a result of United States sanctions imposed on any person or entity responsible for such planning, construction, or operation. 3. Domestic energy security evaluation (a) Report on domestic energy security Not later than one year after the date of enactment of this section, the Secretary of Energy shall develop and submit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Energy and Natural Resources of the Senate a report that evaluates the energy security of the United States, including— (1) identification of any threats posed to the supply, transmission, distribution, or use of energy in the United States; and (2) the potential impact of such threats on— (A) the economy of the United States; and (B) consumers and well-functioning and competitive energy markets in the United States. (b) Consultation In developing the report under subsection (a), the Secretary of Energy may consult with relevant Federal, State, private sector, and other entities, as the Secretary determines appropriate.

Summary: American Energy for Europe Act This bill requires the Department of Energy (DOE) to evaluate the energy security of the United States and establish a program to reduce the reliance of allied European countries on natural gas, petroleum, and nuclear fuel produced in Russia. Under the program, DOE must provide resources, materials, equipment, financial assistance, and technical assistance to allies to reduce their reliance on Russian energy.