I 
119TH CONGRESS 
1ST SESSION H. R. 1474 
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 
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. 
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: 
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(1) Nuclear power is an emissions-free energy 
source that produces approximately 30 percent of 
the world’s low-carbon electricity. In 2021, 33 coun-
tries operated nuclear power plants. 
(2) The People’s Republic of China and the 
Russian Federation have sought to export nuclear 
reactors to Europe, Eurasia, Latin America, Africa, 
and South Asia. According to a 2017 study by Co-
lumbia University’s Center on Global Energy Policy, 
Chinese and Russian nuclear reactors are associated 
with higher safety risk than Western nuclear reac-
tors. In addition, financial and operational support 
for nuclear power can extend over decades, allowing 
Beijing and Moscow to secure long-term influence in 
both advanced and developing economies. 
(3) The Russian Federation is currently build-
ing 21 reactors outside its borders, while the Peo-
ple’s Republic of China is assembling more than a 
third of reactors under construction globally. Ac-
cording to research published in Nature Energy in 
February 2023, when the Russian Federation 
launched its invasion of Ukraine in 2022, Russian 
state-owned nuclear operator Rosatom ‘‘boasted as 
many as 73 different projects in 29 countries. The 
projects were at very different stages of development 
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from power plants in operation; through construc-
tion of reactors ongoing, contracted, ordered or 
planned; to involvement in tenders, invitations to 
partnerships or officially published proposals. On top 
of that, Russian companies have bilateral agree-
ments or memoranda of understanding (MoUs) with 
13 countries for services or general joint develop-
ment of nuclear energy.’’. 
(4) In its report, ‘‘International Status and 
Prospects for Nuclear Power 2021’’, the Inter-
national Atomic Energy Agency wrote, ‘‘A total of 
28 countries have expressed interest in nuclear 
power and are considering, planning or actively 
working to include it into their energy mix. Another 
24 Member States participate in the Agency’s nu-
clear infrastructure related activities or are involved 
in energy planning projects through the technical co-
operation programme. Ten to twelve embarking 
Member States plan to operate NPPs [nuclear power 
plants] by 2030–2035, representing a potential in-
crease of nearly 30% in the number of operating 
countries. Several embarking countries have also ex-
pressed interest in SMRs [small modular reactors] 
technology, in particular Estonia, Ghana, Jordan, 
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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 or-
ganizations’ 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–262o–4) 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 for Reconstruction and Development, the European 
Bank for Reconstruction and Development, and, as the 
Secretary finds appropriate, any other multilateral devel-
opment bank (as defined in section 1307(g)) to use the 
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