IB 
Union Calendar No. 13 
119TH CONGRESS 
1ST SESSION H. R. 1474 
[Report No. 119–23] 
To provide for advocation of support for nuclear energy, and establish a 
nuclear energy assistance trust fund, at the World Bank, the European 
Bank for Reconstruction and Development, and other international finan-
cial institutions, as appropriate, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 21, 2025 
Mr. HILL of Arkansas (for himself and Mr. TORRES of New York) introduced 
the following bill; which was referred to the Committee on Financial Services 
MARCH 21, 2025 
Additional sponsor: Mr. DONALDS 
MARCH 21, 2025 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on February 21, 2025] 
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS
A BILL 
To provide for advocation of support for nuclear energy, 
and establish a nuclear energy assistance trust fund, 
at the World Bank, the European Bank for Reconstruc-
tion and Development, and other international financial 
institutions, as appropriate, and for other purposes. 
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6652
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘International Nuclear 
Energy Financing Act of 2025’’. 
SEC. 2. FINDINGS. 
Congress finds the following: 
(1) Nuclear power is an emissions-free energy 
source that produces approximately 30 percent of the 
world’s low-carbon electricity. In 2021, 33 countries 
operated nuclear power plants. 
(2) The People’s Republic of China and the Rus-
sian Federation have sought to export nuclear reac-
tors to Europe, Eurasia, Latin America, Africa, and 
South Asia. According to a 2017 study by Columbia 
University’s Center on Global Energy Policy, Chinese 
and Russian nuclear reactors are associated with 
higher safety risk than Western nuclear reactors. In 
addition, financial and operational support for nu-
clear power can extend over decades, allowing Beijing 
and Moscow to secure long-term influence in both ad-
vanced and developing economies. 
(3) The Russian Federation is currently building 
21 reactors outside its borders, while the People’s Re-
public of China is assembling more than a third of 
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6203
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS
reactors under construction globally. According to re-
search published in Nature Energy in February 2023, 
when the Russian Federation launched its invasion of 
Ukraine in 2022, Russian state-owned nuclear oper-
ator Rosatom ‘‘boasted as many as 73 different 
projects in 29 countries. The projects were at very dif-
ferent stages of development from power plants in op-
eration; through construction of reactors ongoing, con-
tracted, ordered or planned; to involvement in 
tenders, invitations to partnerships or officially pub-
lished proposals. On top of that, Russian companies 
have bilateral agreements or memoranda of under-
standing (MoUs) with 13 countries for services or 
general joint development of nuclear energy.’’. 
(4) In its report, ‘‘International Status and 
Prospects for Nuclear Power 2021’’, the International 
Atomic Energy Agency wrote, ‘‘A total of 28 countries 
have expressed interest in nuclear power and are con-
sidering, planning or actively working to include it 
into their energy mix. Another 24 Member States par-
ticipate in the Agency’s nuclear infrastructure related 
activities or are involved in energy planning projects 
through the technical cooperation programme. Ten to 
twelve embarking Member States plan to operate 
NPPs [nuclear power plants] by 2030–2035, rep-
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6203
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS
resenting a potential increase of nearly 30% in the 
number of operating countries. Several embarking 
countries have also expressed interest in SMRs [small 
modular reactors] technology, in particular Estonia, 
Ghana, Jordan, Kenya, Poland, Saudi Arabia and 
Sudan, as well as expanding countries such as South 
Africa.’’. 
(5) On December 2, 2023, the United States, 
alongside more than 20 other countries, pledged to 
triple nuclear energy capacity by 2050 and support 
the financing of nuclear energy through the World 
Bank and regional development banks, so as to ‘‘en-
courage the inclusion of nuclear energy in their orga-
nizations’ energy lending policies as needed, and to 
actively support nuclear power when they have such 
a mandate’’. 
SEC. 3. MULTILATERAL DEVELOPMENT BANK SUPPORT FOR 
NUCLEAR ENERGY. 
Title XV of the International Financial Institutions 
Act (22 U.S.C. 262o et seq.) is amended by adding at the 
end the following: 
‘‘SEC. 1506. MULTILATERAL DEVELOPMENT BANK SUPPORT 
FOR NUCLEAR ENERGY. 
‘‘The Secretary of the Treasury shall instruct the 
United States Executive Director at the International Bank 
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6203
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS
for Reconstruction and Development, the European Bank 
for Reconstruction and Development, and, as the Secretary 
finds appropriate, any other multilateral development bank 
(as defined in section 1307(g)) to use the voice, vote, and 
influence of the United States to advocate for— 
‘‘(1) the removal of prohibitions at the respective 
bank against financial and technical assistance for 
the generation and distribution of nuclear energy, to 
the extent that the prohibitions apply to nuclear tech-
nologies that meet or exceed the quality standards 
prevalent in the United States or a country allied 
with the United States; and 
‘‘(2) increased internal capacity-building at the 
respective bank for the purpose of assessing— 
‘‘(A) the potential role of nuclear energy in 
the energy systems of client countries; and 
‘‘(B) the delivery of financial and technical 
assistance described in paragraph (1) to the 
countries.’’. 
SEC. 4. ESTABLISHMENT OF NUCLEAR ENERGY ASSISTANCE 
TRUST FUNDS. 
Title XV of the International Financial Institutions 
Act (22 U.S.C. 262o et seq.) is further amended by adding 
at the end the following: 
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6203
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS
‘‘SEC. 1507. ESTABLISHMENT OF NUCLEAR ENERGY ASSIST-
ANCE TRUST FUNDS. 
‘‘(a) IN GENERAL.—The Secretary of the Treasury 
shall instruct the United States Governors of the Inter-
national Bank for Reconstruction and Development, the 
European Bank for Reconstruction and Development, and, 
as the Secretary deems appropriate, other international fi-
nancial institutions (as defined in section 1701(c)(2)) to 
use the voice, vote, and influence of the United States to 
establish at each such institution a trust fund to be known 
as the ‘Nuclear Energy Assistance Trust Fund’ that meets 
the requirements of subsections (b) and (c) of this section. 
‘‘(b) PURPOSES.—The purposes of such a trust fund 
shall be the following: 
‘‘(1) To provide financial and technical assist-
ance to support the generation and distribution of nu-
clear energy in borrowing countries. 
‘‘(2) To ensure that the international financial 
institution makes financing available on competitive 
terms, including for the purpose of countering credit 
extended by the government of a country that is not 
a member of the OECD Arrangement on Officially 
Supported Export Credits. 
‘‘(3) To exclusively support the adoption of nu-
clear energy technologies that meet or exceed the qual-
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6203
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS
ity standards prevalent in the United States or a 
country allied with the United States. 
‘‘(4) To strengthen the capacity of the inter-
national financial institution to assess, implement, 
and evaluate nuclear energy projects. 
‘‘(c) USE OF TRUST FUND REVENUES.—The revenues 
of such a trust fund shall be made available for activities 
for the purposes described in subsection (b), or the United 
States share of the revenues shall be remitted to the general 
fund of the Treasury, as the Secretary finds appropriate. 
‘‘(d) RULE OF INTERPRETATION.—This section shall 
not be interpreted to affect the ability of the United States 
Governor of, or the United States Executive Director at, an 
international financial institution (as so defined) to en-
courage the provision of financial or technical assistance 
from non-trust fund resources of the institution to support 
the generation or distribution of nuclear energy.’’. 
SEC. 5. INCLUSION IN ANNUAL REPORT. 
During the 7-year period that begins with the date of 
enactment of this Act, the Chairman of the National Advi-
sory Council on International Monetary and Financial 
Policies shall include in the annual report required by sec-
tion 1701 of the International Financial Institutions Act 
a description of any progress made— 
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6203
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS
(1) to promote multilateral development bank (as 
defined in such section) assistance for nuclear energy; 
and 
(2) to establish a trust fund pursuant to section 
1507 of such Act or, as the case may be, a summary 
of the activities of any such trust fund. 
SEC. 6. SUNSET. 
This Act and the amendments made by this Act shall 
have no force or effect beginning 10 years after the date 
of the enactment of this Act. 
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6203
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS
Union Calendar No. 13 
119TH CONGRESS 
1ST SESSION 
H. R. 1474 
[Report No. 119–23] 
A BILL 
To provide for advocation of support for nuclear en-
ergy, and establish a nuclear energy assistance 
trust fund, at the World Bank, the European 
Bank for Reconstruction and Development, and 
other international financial institutions, as ap-
propriate, and for other purposes. 
MARCH 21, 2025 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Sep 11 2014 
01:17 Mar 22, 2025
Jkt 059200
PO 00000
Frm 00010
Fmt 6651
Sfmt 6651
E:\BILLS\H1474.RH
H1474
ssavage on LAPJG3WLY3PROD with BILLS