Sec. 13. Funds to the Overseas Private Investment Corporation or the Export-Import Bank of the United States for financing projects, transactions, or other activities that support fossil fuel
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Except as provided in subsection (c), effective on the date of enactment of this Act, there are rescinded all unobligated balances of the amounts made available to the Overseas Private Investment Corporation or the Export-Import Bank of the United States to carry out any project, transaction, or other activity that supports fossil-fuel production or use. Except as provided in subsection (c), notwithstanding any other provision of law, any amounts made available to the Overseas Private Investment Corporation or the Export-Import Bank of the United States shall not be used to carry out any project, transaction, or other activity that supports fossil-fuel production or use. Subsections
(a)and
(b)shall not apply to a fossil-fueled power plant project located in a Least Developed Country (as that term is defined by the United Nations General Assembly), on the condition that— no other economically feasible alternative exists; and the project uses the most efficient technology available.