(1) shall ensure that a full audit of the program 
is performed on an annual basis; and 
(2) shall submit the results of the audit to the 
Committee on Foreign Affairs and the Committee on 
Appropriations of the House of Representatives and 
the Committee on Foreign Relations and the Com-
mittee on Appropriations of the Senate. 
(g) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to the Secretary of the 
Treasury $100,000,000 for each of fiscal years 2026 
through 2031 to carry out the program. 
(h) ELIGIBLE LATIN AMERICAN
OR CARIBBEAN 
PARTNER COUNTRY DEFINED.—In this section, the term 
‘‘eligible Latin American or Caribbean partner country’’— 
(1) means a country that— 
(A) is a beneficiary country for purposes of 
the Caribbean Basin Economic Recovery Act 
(19 U.S.C. 2701 et seq.); 
(B) is a member state of the Caribbean 
Community 
(commonly 
referred 
to 
as 
‘‘CARICOM’’); 
(C) is a member state of the Alliance for 
Development in Democracy; 
(D) is a country in the Western Hemi-
sphere that is a party to a free trade agreement 
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or preference program with the United States; 
or 
(E) is a beneficiary country of the Carib-
bean Basin Security Initiative; and 
(2) does not include any country that— 
(A) has been sanctioned by the United 
States; or 
(B) the Secretary of State determines— 
(i) to be a state sponsor of terrorism; 
or 
(ii) to be a foreign adversary, defined 
as a foreign government engaged in a long- 
term pattern or serious instances of con-
duct adverse to the national security of the 
United States or security and safety of 
United States persons. 
SEC. 4. SUPPORTING EFFORTS TO INCREASE ENERGY SE-
CURITY OF ELIGIBLE LATIN AMERICAN AND 
CARIBBEAN PARTNER COUNTRIES. 
(a) IN GENERAL.—The Secretary of State, in con-
sultation with the Secretary of Energy and the heads of 
other relevant Federal departments and agencies, shall, as 
appropriate, prioritize and expedite the efforts of the De-
partment of State and those other departments and agen-
cies in supporting the efforts of eligible Latin American 
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and Caribbean partner countries to increase their energy 
security, including through— 
(1) providing diplomatic and political support to 
these governments, as necessary— 
(A) to facilitate international negotiations 
concerning 
cross-border 
infrastructure 
and 
transactions; 
(B) to enhance and build Latin America’s 
and the Caribbean’s regulatory environment 
with respect to energy; and 
(C) to develop accessible, transparent, and 
competitive energy markets supplied by diverse 
sources, types, and routes of energy to achieve 
energy efficiency; and 
(2) providing support to improve Latin Amer-
ican and Caribbean energy markets, including early- 
stage project support and late-stage project support 
for the construction or improvement of energy and 
related infrastructure, as necessary— 
(A) to diversify the energy sources and 
supply routes of eligible Latin American and 
Caribbean partner countries; 
(B) to enhance energy market integration 
across the region; and 
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(C) to increase competition and aggregate 
energy markets. 
(b) PROJECT SELECTION.— 
(1) IN
GENERAL.—The Federal departments 
and agencies described in subsection (a) shall iden-
tify energy infrastructure projects that would be ap-
propriate for United States assistance under this 
section. 
(2) PROJECT ELIGIBILITY.—A project is eligible 
for United States assistance under this section if the 
project— 
(A)(i) improves electricity transmission in-
frastructure and power generation through the 
use of a broad power mix, prioritizing renewable 
energy or energy efficiency; 
(ii) advances energy storage projects, 
smart grid projects, distributed generation mod-
els, or other technological innovations and digi-
talization of the power sector, as appropriate; 
and 
(iii) 
improves 
energy 
access 
for 
marginalized and underserved communities; 
(B) is located in an eligible Latin Amer-
ican or Caribbean partner country; and 
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(C) can be conducted in a transparent and 
accountable manner that mitigates any risk of 
corruption. 
(3) PREFERENCE.—In selecting among projects 
that are eligible under paragraph (2), the Federal 
departments and agencies described in subsection 
(a) shall give preference to projects that— 
(A) link the energy systems of two or more 
Latin American and Caribbean partner coun-
tries; 
(B) address the impacts of sustained glob-
al temperature increases; 
(C) enhance resilience to sustained global 
temperature increases and global economic 
shocks; 
(D) are expected to enhance energy market 
integration; 
(E) can demonstrate sustainability by at-
tracting funding from the private sector, an 
international financial institution, or the gov-
ernment of the country in which the project will 
be carried out; 
(F) have the potential to use United States 
goods and services during project implementa-
tion; or 
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(G) decrease electricity prices and promote 
price stability in the face of global economic 
shocks. 
(c) TYPES OF ASSISTANCE.— 
(1) DIPLOMATIC
AND
POLITICAL
SUPPORT.— 
The Secretary of State shall provide diplomatic and 
political support to the governments of eligible Latin 
American and Caribbean countries, as necessary, in-
cluding by using the diplomatic and political influ-
ence and expertise of the Department of State to 
build the capacity of those countries to resolve any 
impediments to the development of projects selected 
under subsection (b). 
(2) EARLY-STAGE PROJECT SUPPORT.—The Di-
rector of the Trade and Development Agency, in 
consultation with the United States Agency for 
International Development, the Inter-American De-
velopment Bank, the Caribbean Development Bank, 
and the World Bank, shall provide early-stage 
project support with respect to projects selected 
under subsection (b), as necessary. 
(3) LATE-STAGE PROJECT SUPPORT.—Federal 
departments and agencies described in subsection 
(a) that provide late-stage project support shall do 
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so with respect to projects selected under subsection 
(b), as necessary. 
(d) EXCEPTION FROM CERTAIN LIMITATION UNDER 
BUILD ACT.—For purposes of providing support for 
projects under this section— 
(1) the United States International Develop-
ment Finance Corporation may provide support for 
projects in countries with upper-middle-income 
economies or high-income economies (as those terms 
are defined by the World Bank); 
(2) the restriction under section 1412(c)(2) of 
the BUILD Act of 2018 (22 U.S.C. 9612(c)(2)) 
shall not apply; and 
(3) the Corporation shall restrict the provision 
of such support in a country described in paragraph 
(1) unless— 
(A) the President certifies to the appro-
priate congressional committees that such sup-
port furthers the national economic or foreign 
policy interests of the United States; and 
(B) such support is— 
(i) designed to produce significant de-
velopmental outcomes or provide develop-
mental benefits to the poorest population 
of that country; or 
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(ii) necessary to preempt or counter 
efforts by a strategic competitor of the 
United States to secure significant political 
or economic leverage or acquire national 
security-sensitive technologies or infra-
structure in a country that is an ally or 
partner of the United States. 
(e) PROGRESS REPORTS.—Not later than one year 
after the date of the enactment of this Act, and annually 
thereafter for seven years, the President shall transmit to 
the Committee on Foreign Affairs and the Committee on 
Appropriations of the House of Representatives and the 
Committee on Foreign Relations and the Committee on 
Appropriations of the Senate a report on progress made 
in providing assistance for projects under this section that 
includes the following: 
(1) A description of the energy infrastructure 
projects the United States has identified for such as-
sistance. 
(2) For each such project— 
(A) a description of the role of the United 
States in the project, including in early-stage 
project support and late-stage project support; 
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(B) the amount and form of any debt fi-
nancing and insurance provided by the United 
States Government for the project; 
(C) the amount and form of any early- 
stage project support; and 
(D) an update on the progress made on 
the project as of the date of the report. 
(f) ELIGIBLE LATIN AMERICAN
OR CARIBBEAN 
PARTNER COUNTRY DEFINED.—In this section, the term 
‘‘eligible Latin American or Caribbean partner country’’ 
has the meaning given that term in section 3(h). 
Æ 
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