Sec. 5. Promotion of energy and minerals exports by Export-Import Bank of the United States

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The Export-Import Bank Act of 1945 ( 12 U.S.C. 635 et seq.) is amended by adding at the end the following: The Bank shall establish a strategic energy and minerals portfolio focused on providing financing (including loans, guarantees, and insurance) for civil nuclear energy infrastructure projects (subject to subsection (c)), natural gas infrastructure projects, and critical minerals projects (including production, processing, manufacturing, or recycling), that may facilitate— increases in exports of United States energy commodities, such as regasification terminals; the export of United States equipment, materials, and technology; or the strategic diversification of supply chains critical to the United States economy.

The aggregate amount of loans, guarantees, and insurance under subsection

(a)the Bank has outstanding at any one time may not exceed $50,000,000,000. A default on financing provided under subsection

(a)shall not— be included in the default rate calculated by the Bank under section 8(g)(1); or count for purposes of the freeze on lending provided for under section 6(a)(3). The Bank may provide financing for civil nuclear energy infrastructure projects only in countries with which the United States has in effect a nuclear cooperation agreement under section 123 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2153 ). Nothing in this section may be construed to lessen the obligation of the Bank to conduct rigorous due diligence and mitigate risks with respect to transactions or projects for which the Bank provides financing under this section. In this section, the term critical mineral has the meaning given the term in section 7002(a) of the Energy Act of 2020 (division Z of Public Law 116–260 ; 134 Stat. 2562; 30 U.S.C. 1606(a) ). . Section 2(b)(1)(C) of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635(b)(1)(C) ) is amended by striking nonnuclear renewable and inserting all . Section 2(b)(5)(C) of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635(b)(5)(C) ) is amended by striking any liquid metal fast breeder nuclear reactor or any nuclear fuel reprocessing facility and inserting any nuclear material, equipment, or technology not provided for under a nuclear cooperation agreement in effect under section 123 of the Atomic Energy Act of 1954 ( . 42 U.S.C. 2153 ) Section 6(a) of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635e(a) ) is amended— in paragraph (2), by striking fiscal years 2020 through 2027, means $135,000,000,000 and inserting 2021 through 2031, means $200,000,000,000 ; and in paragraph (3), by striking If and inserting Except as provided in section 16(b)(2), if . Section 7 of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635f ) is amended by striking 2026 and inserting 2031 .

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