Title: Supporting Affordable and Reliable Energy in Developing Countries Act of 2021
Policy area: Environmental Protection

Summary:
Supporting Affordable and Reliable Energy in Developing Countries Act of 2021
This bill bans federal agencies and governmental corporations from implementing climate finance plans that would prohibit, or have the effect of prohibiting, the financing of certain projects to construct facilities that use fossil fuels or nuclear energy to generate electricity.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5876 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 5876

To prohibit the implementation of climate finance plans, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 4, 2021

 Mr. McKinley (for himself, Mr. Graves of Louisiana, Mr. Burgess, and 
Mr. Crenshaw) introduced the following bill; which was referred to the 
 Committee on Financial Services, and in addition to the Committee on 
  Foreign Affairs, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To prohibit the implementation of climate finance plans, and for other 
                               purposes.

    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 ``Supporting Affordable and Reliable 
Energy in Developing Countries Act of 2021''.

SEC. 2. PROHIBITION ON IMPLEMENTATION OF CLIMATE FINANCE PLANS.

    (a) Prohibition.--
            (1) Federal agency; government corporation.--No Federal 
        agency or Government corporation may implement a climate 
        finance plan that would prohibit, or have the effect of 
        prohibiting, the financing of a covered project.
            (2) United states position in international financial 
        institutions.--The Secretary of the Treasury shall instruct the 
        United States Executive Director at each international 
        financial institution to use the voice and vote of the United 
        States to oppose the provision by the institution of any form 
        of support for the implementation of a climate finance plan 
        described in paragraph (1).
    (b) Definitions.--In this section:
            (1) Climate finance plan.--The term ``climate finance 
        plan'' means a climate finance plan, as described in Executive 
        Order 14008 (86 Fed. Reg. 7619).
            (2) Covered project.--The term ``covered project'' means a 
        project to construct a facility that--
                    (A) uses a fossil fuel or nuclear reaction as a 
                source of energy to generate electricity; and
                    (B) would--
                            (i) provide affordable electricity in a 
                        developing country;
                            (ii) increase the export of clean energy 
                        technologies, including carbon capture, 
                        utilization, and storage, wind, solar, or 
                        nuclear technologies, from the United States or 
                        any domestic resource with a lower lifecycle 
                        emissions rate than large scale global 
                        alternatives;
                            (iii) not put the United States at a 
                        competitive disadvantage with the People's 
                        Republic of China or another country that 
                        continues to encourage the construction of 
                        facilities that use a fossil fuel or nuclear 
                        reaction as a source of energy to generate 
                        electricity; or
                            (iv) prevent the loss of jobs in the United 
                        States.
            (3) Federal agency.--The term ``Federal agency'' has the 
        meaning given the term ``agency'' in section 551 of title 5, 
        United States Code.
            (4) Fossil fuel.--The term ``fossil fuel'' means natural 
        gas, petroleum, coal, or any form of solid, liquid, or gaseous 
        fuel derived from natural gas, petroleum, coal which may be 
        used to create useful heat.
            (5) Government corporation.--The term ``Government 
        corporation'' has the meaning given that term in section 103 of 
        title 5, United States Code.
            (6) International financial institution.--The term 
        ``international financial institution'' has the meaning given 
        the term in section 1701(c)(2) of the International Financial 
        Institutions Act.
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