Sec. 6. Infrastructure funding
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Title V of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9671 et seq. ) is amended by adding at the end the following: The Corporation— may provide support under title II for projects related to importation of liquefied natural gas and generation of low emission electricity and other energy, including for such projects of entities owned or controlled by the government of a foreign country; may not prohibit, restrict, or otherwise impede the provision of support on the basis of the type of energy involved in a project; and should, in providing support authorized by paragraph (1), coordinate with the Japan Bank for International Cooperation and the Government of Australia pursuant to the trilateral memorandum of understanding on development finance signed on November 12, 2018. .
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 portfolio focused on providing financing (including loans, guarantees, and insurance) for projects described in subsection
(b)that may facilitate— increases in exports of United States energy commodities; or the export of United States equipment, materials, and technology. A project described in this subsection is a project related to— construction of liquefied natural gas import terminals; commercialization of carbon capture, utilization, and storage; development of blue hydrogen infrastructure; or other low emission energy infrastructure. . The Secretary of Commerce and the Secretary of State shall promote the funding of projects selected under section 5 among United States energy producers and exporters. The heads of the agencies described in section 5(a) may, for the purposes of this Act, partner and coordinate with public and multilateral financial institutions and export credit agencies of Japan, India, Australia, and other Indo-Pacific countries (including member countries of ASEAN and the Republic of Korea), such as the Japan Bank for International Cooperation.
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