‘‘(A) the eligible investor has agreed to im-
plement the Extractive Industries Transparency 
Initiative principles and criteria, or substan-
tially similar principles and criteria; or 
‘‘(B) the host country where the project is 
to be carried out has committed to the Extrac-
tive Industries Transparency Initiative prin-
ciples and criteria, or substantially similar prin-
ciples and criteria. 
‘‘(3) PREFERENCE FOR CERTAIN PROJECTS.— 
With respect to all projects that significantly involve 
an extractive industry, the Corporation, to the de-
gree possible and consistent with its development ob-
jectives, shall give preference to a project in which 
both the eligible investor has agreed to implement 
the Extractive Industries Transparency Initiative 
principles and criteria, or substantially similar prin-
ciples and criteria, and the host country where the 
project is to be carried out has committed to the Ex-
tractive Industries Transparency Initiative principles 
and criteria, or substantially similar principles and 
criteria. 
‘‘(4) DEFINITIONS.—In this subsection: 
‘‘(A) EXTRACTIVE
INDUSTRY.—The term 
‘extractive industry’ refers to an enterprise en-
gaged in the exploration, development, or ex-
traction of oil and gas reserves, metal ores, 
gemstones, industrial minerals, or coal. 
‘‘(B) EXTRACTIVE
INDUSTRIES
TRANS-
PARENCY
INITIATIVE
PRINCIPLES
AND
CRI-
TERIA.—The term ‘Extractive Industries Trans-
parency Initiative principles and criteria’ means 
the principles and criteria of the Extractive In-
dustries Transparency Initiative, as set forth in 
Annex A to the Anti-Corruption Policies and 
Strategies Handbook of the Corporation, as 
published in September 2006. 
‘‘(5) REPORTING
REQUIREMENT.—The Cor-
poration shall include in its annual report required 
under section 240A a description of its activities to 
carry out this subsection. 
‘‘(c) DEFINITIONS.—In this section: 
‘‘(1) CLEAN
AND
EFFICIENT
ENERGY
TECH-
NOLOGY.—The term ‘clean and efficient energy tech-
nology’ means an energy supply or end-use tech-
nology— 
‘‘(A) such as— 
‘‘(i) solar technology; 
‘‘(ii) wind technology; 
‘‘(iii) geothermal technology;
‘‘(iv) hydroelectric technology; and 
‘‘(v) carbon capture technology; and 
‘‘(B) that, over its life cycle and compared 
to a similar technology already in commercial 
use— 
‘‘(i) is reliable, affordable, economi-
cally viable, socially acceptable, and com-
patible with the needs and norms of the 
country involved; 
‘‘(ii) results in— 
‘‘(I) reduced emissions of green-
house gases; or 
‘‘(II) increased geological seques-
tration; and 
‘‘(iii) may— 
‘‘(I) substantially lower emissions 
of air pollutants; or 
‘‘(II) 
generate 
substantially 
smaller and less hazardous quantities 
of solid or liquid waste. 
‘‘(2) GREENHOUSE GAS.—The term ‘greenhouse 
gas’ means— 
‘‘(A) carbon dioxide; 
‘‘(B) methane; 
‘‘(C) nitrous oxide;
‘‘(D) hydrofluorocarbons; 
‘‘(E) perfluorocarbons; or 
‘‘(F) sulfur hexafluoride.’’. 
SEC. 9. PROHIBITION ON ASSISTANCE TO DEVELOP OR 
PROMOTE CERTAIN RAILWAY CONNECTIONS 
AND RAILWAY-RELATED CONNECTIONS. 
Section 237 of the of the Foreign Assistance Act of 
1961 (22 U.S.C. 2197) is further amended by adding at 
the end the following: 
‘‘(q) PROHIBITION
ON ASSISTANCE
FOR CERTAIN 
RAILWAY PROJECTS.—The Corporation may not provide 
insurance, reinsurance, a guaranty, financing, or other as-
sistance to support the development or promotion of any 
railway connection or railway-related connection that does 
not traverse or connect with Armenia and does connect 
Azerbaijan and Turkey.’’. 
SEC. 10. INELIGIBILITY OF PERSONS DOING CERTAIN BUSI-
NESS WITH STATE SPONSORS OF TERRORISM. 
(a) IN GENERAL.—Section 237 of the Foreign Assist-
ance Act of 1961 (22 U.S.C. 2197) is further amended 
by adding at the end the following: 
‘‘(r) INELIGIBLE PROJECTS.— 
‘‘(1) IN GENERAL.—A project will not be eligi-
ble to receive support provided by the Corporation 
under this title if either of the following applies:
‘‘(A)(i) An applicant for insurance, rein-
surance, financing, or other support for a 
project provided to the government of a state 
sponsor of terrorism a loan, or an extension of 
credit, that remains outstanding. 
‘‘(ii) For purposes of this subparagraph, 
the sale of goods, other than food or medicine, 
on any terms other than a cash basis shall be 
considered to be an extension of credit. 
‘‘(B) An applicant for insurance, reinsur-
ance, financing, or other support for a project 
has an investment commitment valued at 
$20,000,000 or more for the energy sector in a 
country that is a state sponsor of terrorism. 
‘‘(2) DEFINITIONS.—In this subsection: 
‘‘(A) CASH BASIS.—The term ‘cash basis’ 
refers to a sale in which the purchaser of goods 
or services is required to make payment in full 
within 45 days after receiving the goods or 
services. 
‘‘(B) ENERGY SECTOR.—The term ‘energy 
sector’ refers to activities to develop or trans-
port petroleum or natural gas resources. 
‘‘(C) 
INVESTMENT
COMMITMENT.—The 
term ‘investment commitment’ means any of