Title: Exporting Clean Energy Act
Policy area: Energy

Summary:
Exporting Clean Energy Act
This bill revises the powers and functions of the Export-Import Bank of the United States, including to require the bank to focus on energy financing when an international strategic competitor is bidding for a contract against the United States that deals with energy technology or natural resources or when the United States is capable of providing lower emissions than a competitor.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5188 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 5188

          To export clean energy technology around the world.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 20, 2019

  Mr. Curtis introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
          To export clean energy technology around the world.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Exporting Clean Energy Act''.

SEC. 2. EXPORT-IMPORT BANK FINANCING FOR CERTAIN ENERGY-RELATED 
              EXPORTS.

    Section 2(b)(1) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)(1)) is amended by adding at the end the following:
    ``(N) The Bank shall make available, from the aggregate loan, 
guarantee, and insurance authority available to the Bank, an amount to 
finance exports directly regarding clean energy technology, energy 
infrastructure, and production of natural resources, which shall have 
the goal of being not less than 25 percent of the authorizations for 
each fiscal year. It shall be a goal of the Bank to maximize the amount 
financed in cases in which an international strategic competitor is 
likely competing against a United States exporter for a contract 
dealing with energy technology or natural resources, or in cases in 
which a United States exporter is capable of fulfilling such a contract 
in a way that would produce lesser environmentally harmful emissions. 
The Bank shall report to Congress annually as to its progress in 
meeting these goals.''.

SEC. 3. ESTABLISHMENT OF TEMPORARY BOARD TO ACT IN THE ABSENCE OF A 
              QUORUM OF THE BOARD OF DIRECTORS OF THE EXPORT-IMPORT 
              BANK OF THE UNITED STATES.

    Section 3(c)(6) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635a(c)(6)) is amended--
            (1) by inserting ``(A)'' after ``(6)''; and
            (2) by adding after and below the end the following:
    ``(B) During any period in which a quorum of the Board of Directors 
is not in place and the Secretary of Commerce determines that an 
international strategic competitor is likely competing with a United 
States firm for a contract dealing with equipment, systems, components, 
or materials intended primarily for the purpose of energy extraction, 
conversion, generation, transportation, storage, or use, a temporary 
board, consisting of the following, shall act in the stead of the Board 
of Directors for the purpose of reviewing and voting on pending 
transactions:
            ``(i) The United States Trade Representative, who shall 
        serve as chairperson of the temporary board.
            ``(ii) The Secretary of the Treasury.
            ``(iii) The Secretary of Commerce.
            ``(iv) The members of the Board of Directors.''.
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