Title: A bill to prohibit the United States International Development Finance Corporation from imposing restrictions on the source of energy used by power-generation projects intended to provide affordable electricity in IDA-eligible countries or IDA-blend countries and to require the Corporation to promote a technology- and fuel-neutral, all-of-the-above energy development strategy for such countries.
Policy area: International Affairs

Summary:
This bill prohibits the U.S. International Development Finance Corporation from prohibiting or restricting the source of energy used by a power-generation project that has as its purpose the provision of affordable electricity in certain countries. Such countries are those that are eligible for support either solely from the International Development Association (IDA) or jointly from the IDA and the International Bank for Reconstruction and Development.
Further, the corporation (1) may not reject a power-generation project in such a country based on the source of energy used by the project; and (2) must promote a technology- and fuel-neutral energy development strategy for such countries that includes the use of oil, natural gas, coal, hydroelectric, wind, solar, and geothermal power and other sources of energy.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 2516 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 2516

    To prohibit the United States International Development Finance 
Corporation from imposing restrictions on the source of energy used by 
power-generation projects intended to provide affordable electricity in 
   IDA-eligible countries or IDA-blend countries and to require the 
Corporation to promote a technology- and fuel-neutral, all-of-the-above 
            energy development strategy for such countries.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 28, 2021

   Mr. Barrasso (for himself, Mr. Risch, Mr. Cruz, Mr. Boozman, Mr. 
 Tillis, Mr. Cornyn, Mr. Crapo, Mr. Cramer, Mr. Scott of Florida, Mr. 
Lankford, and Ms. Lummis) introduced the following bill; which was read 
        twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
    To prohibit the United States International Development Finance 
Corporation from imposing restrictions on the source of energy used by 
power-generation projects intended to provide affordable electricity in 
   IDA-eligible countries or IDA-blend countries and to require the 
Corporation to promote a technology- and fuel-neutral, all-of-the-above 
            energy development strategy for such countries.

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

SECTION 1. PROHIBITION ON RESTRICTIONS ON POWER-GENERATION PROJECTS BY 
              UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE 
              CORPORATION IN CERTAIN COUNTRIES.

    Section 1451 of the Better Utilization of Investments Leading to 
Development Act of 2018 (22 U.S.C. 9671) is amended by adding at the 
end the following:
    ``(j) Prohibition on Restrictions on Power-Generation Projects in 
Certain Countries.--
            ``(1) Prohibition on certain restrictions on power-
        generation projects.--The Corporation shall not implement or 
        enforce any rule, regulation, policy, procedure, or guideline 
        that would prohibit or restrict the source of energy used by a 
        power-generation project the purpose of which is to provide 
        affordable electricity in an IDA-eligible country or an IDA-
        blend country.
            ``(2) Limitation on board.--The Board of the Corporation 
        shall not, whether directly or through authority delegated by 
        the Board, reject a power-generation project in an IDA-eligible 
        country or an IDA-blend country based on the source of energy 
        used by the project.
            ``(3) All-of-the-above energy development strategy.--The 
        Corporation shall promote a technology- and fuel-neutral, all-
        of-the-above energy development strategy for IDA-eligible 
        countries and IDA-blend countries that includes the use of oil, 
        natural gas, coal, hydroelectric, wind, solar, and geothermal 
        power and other sources of energy.
            ``(4) Definitions.--In this subsection:
                    ``(A) IDA-eligible country.--The term `IDA-eligible 
                country' means a country eligible for support from the 
                International Development Association and not the 
                International Bank for Reconstruction and Development.
                    ``(B) IDA-blend country.--The term `IDA-blend 
                country' means a country eligible for support from both 
                the International Development Association and the 
                International Bank for Reconstruction and 
                Development.''.
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