Sec. 8. Expanding investment by the United States International Development Finance Corporation in Arctic countries
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In this section: The term appropriate congressional committees means— the Committee on Foreign Relations of the Senate ; the Committee on Armed Services of the Senate ; the Select Committee on Intelligence of the Senate ; the Committee on Energy and Natural Resources of the Senate ; the Committee on Foreign Affairs of the House of Representatives ; the Committee on Armed Services of the House of Representatives ; the Permanent Select Committee on Intelligence of the House of Representatives ; and the Committee on Energy and Commerce of the House of Representatives .
The term Arctic countries — means the United States, Canada, Denmark, Iceland, Norway, Sweden, and Finland, which are permanent members of the Arctic Council; and does not include the Russian Federation. The term Arctic indigenous organizations — means the Aleut International Association, the Arctic Athabaskan Council, the Gwich’in International Council, the Inuit Circumpolar Council, and the Saami Council; and does not include the Russian Association of Indigenous Peoples of the North.
It is the sense of Congress that— Arctic countries are important partners of the United States; and the United States International Development Finance Corporation should make investments in Arctic countries to facilitate technologies that— strengthen energy security and reliability; and provide durable, sustainable opportunities for indigenous entities. The United States International Development Finance Corporation is authorized to provide financing to entities in Arctic countries, including Arctic indigenous organizations, for projects that— involve the responsible extraction, processing, development, and recycling of critical minerals (as defined in section 7002(a) of the Energy Act of 2020 ( 30 U.S.C. 1606(a) )); or the Chief Executive Officer of the United States International Development Finance Corporation, in coordination with the Secretary of State, determine to be in the strategic interest of the United States.
Not later than 180 days after the date of the enactment of this Act, the Chief Executive Officer of the United States International Development Finance Corporation, in coordination with the Secretary of State, shall submit a report to the appropriate congressional committees that— identifies the countries in which financing by the United States International Development Finance Corporation could be most impactful for responsibly producing critical minerals needed for energy security; explains the interests of the United States and of partner countries that are served when the United States provides support for such projects; describes any support provided by other United States allies and partners to expand the projects described in subsection (c); and describes any support provided by the People’s Republic of China in support of the projects described in subsection (c).
The report required under paragraph
(1)shall be submitted in unclassified form, but may include a classified annex, if necessary.
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Sec. 8
Expanding investment by the United States International Development Finance Corporation in Arctic countries
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