SADD Act

Bill: 115-hr-2813
Sponsor: full_name: Rep. Huffman, Jared [D-CA-2]
Introduced: 2017-06-07
Policy area: Foreign Trade and International Finance
Subjects: Air quality

Climate change and greenhouse gases

Competitiveness, trade promotion, trade deficits

Corporate finance and management

Electric power generation and transmission

Government lending and loan guarantees
Latest action: action_date: 2017-06-07
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2017-06-07
action_desc: Introduced in House
text: <p><b>Standing Against Dirty Diplomacy Act or the SADD Act</b></p> <p>This bill amends the Export-Import Bank Act of 1945 to prohibit the Export-Import Bank from guaranteeing, insuring, extending credit, or participating in the extension of credit in connection with the purchase or sale of any good or service for a high carbon intensity project that: (1) is designed to generate electricity, and (2) if completed would produce at least 500 grams of carbon dioxide per kilowatt-hour of electricity generated by the project.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2813 IN THE HOUSE OF REPRESENTATIVES June 7, 2017 Mr. Huffman introduced the following bill; which was referred to the Committee on Financial Services A BILL To prohibit the Export-Import Bank of the United States from providing financial support for certain high carbon intensity energy projects.

1. Short title This Act may be cited as the Standing Against Dirty Diplomacy Act or SADD Act . 2. Prohibition on Export-Import Bank support for certain high carbon intensity energy projects Section 2(b) of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635(b) ) is amended by adding at the end the following: (14) Prohibition on support for certain high carbon intensity energy projects (A) In general The Bank shall not guarantee, insure, extend credit, or participate in the extension of credit in connection with the purchase or sale of any good or service for a high carbon intensity project. (B) High carbon intensity project defined In subparagraph (A), the term high carbon intensity project means a project that— (i) is designed to generate electricity; and (ii) if completed, would produce at least 500 grams of carbon dioxide per kilowatt-hour of electricity generated by the project. .