Sec. 206. Sense of Congress on the Three Seas Initiative
287 words·~1 min read·
/bill/117/s/4112/is/section-206·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the sense of Congress that— the Three Seas Initiative promotes security, economic integration, modernization, and prosperity in Central and Eastern Europe through critical investments energy, transportation, and digital infrastructure; the United States International Development Finance Corporation should finalize its approved investment of $300,000,000 and approve an additional $700,000,000 investment in the Three Seas Initiative to fulfill its 2020 commitments; Central and Eastern Europe must develop better north-south infrastructure and economic integration to break the dominance by the Russian Federation of east-west trade corridors and regional energy supplies; in the wake of the premeditated, unprovoked, and unjustified invasion of Ukraine by the Russian Federation, the Three Seas Initiative has never been more important for the security of its 12 participants:
Austria, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia; the Three Seas Initiative should prioritize construction of regional liquid natural gas terminals that can help diversify the region’s energy supplies and reduce the malign influence of the Russian Federation; the People’s Republic of China’s $14,000,000,000 of infrastructure investments in the region have degraded the environment, eroded the rule of law, infringed upon state sovereignty, and pose a national security threat; the Digital Economy Cooperation Initiative should cooperate with the Three Seas Initiative to further modernize the region’s economy and develop the regions digital, communications, and financial infrastructure; the European Union has made substantial contributions to the objectives of the Three Seas Initiative and should continue to do so through mechanisms such as the Connecting Europe Facility; and the United States should encourage regional initiatives such as the Three Seas Initiative to galvanize public and private sector investments in regional infrastructure projects that adhere to environmental, equitable, social, and sustainable standards.