Sec. 12. Biennial civil nuclear vendor summit
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The Secretary, the Secretary of State, the Secretary of Commerce, the President of the Export-Import Bank of the United States, the Chief Executive Officer of the United States International Development Finance Corporation, and the Assistant shall hold a biennial civil nuclear vendor summit (referred to in this section as a summit ), the first of which shall be held on the date that is 180 days after the date of enactment of this Act. Each summit shall be held in— Washington, DC; or a country described in any of subparagraphs
(A)through
(H)of section 2(2). Each summit shall— be a forum in which leaders of ally or partner nations may engage with each other for the purpose of promoting the peaceful, responsible, and safe use of civil nuclear technologies; and facilitate— the development of— cooperative financing relationships to promote competitive alternatives to Chinese and Russian financing; a standardized financing and project management framework for the construction of nuclear power plants; a standardized licensing framework for civil nuclear technologies; a strategy to change internal policies of multinational development banks, such as the World Bank, to support the financing of civil nuclear projects; a document containing any lessons learned from countries that have partnered with the Russian Federation or the People’s Republic of China with respect to nuclear power, including any detrimental outcomes resulting from that partnership; and a global nuclear liability regime; cooperation for enhancing the overall aspects of civil nuclear power, such as— nuclear safety, security, and safeguards; nuclear laws (including regulations); waste management; quality management systems; technology transfer; human resources development; localization; reactor operations; nuclear liability; and decommissioning; and the development and determination of the mechanisms described in paragraphs
(7)and
(8)of section 11. Not later than 120 days after the end of each summit, the Secretary, the Secretary of State, the Secretary of Commerce, the President of the Export-Import Bank of the United States, the Chief Executive Officer of the United States International Development Finance Corporation, and the Assistant shall jointly submit to Congress a report highlighting— any commitments made by the United States or international partners of the United States, including an ally or partner nation, with respect to international civil nuclear export practices; and the objectives that the parties to those commitments agreed to meet. The report under paragraph
(1)shall detail— any steps taken to establish common financing relationships; any progress made toward establishing a standardized financing, project management, and licensing framework; any changes to the internal policies of multinational development banks, such as the World Bank, to support civil nuclear projects; any steps taken or needed to be taken— to rectify any obstacles that were identified after the applicable civil nuclear vendor summit but were unforeseen at the time of, and not discussed at, that summit; to enable early-stage day-to-day support of embarking civil nuclear energy nations; to address any gaps in the whole-of-government approach to international civil nuclear cooperation, exports, and investment developed by the Assistant; or to improve the role of the Assistant in international outreach; the role of the nuclear industry in establishing cooperative relationships; and the competitiveness of available United States financing packages for civil nuclear exports, relative to international competitors.