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Code · STATUTE-COMPILATIONS · provide for increased participation by the United States in the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, · Sec. 1507

Sec. 1507. ESTABLISHMENT OF NUCLEAR ENERGY ASSISTANCE TRUST FUNDS.30

393 words·~2 min read·/statute-compilations/comps-1356/sec-1507

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## SEC. 1507 ESTABLISHMENT OF NUCLEAR ENERGY ASSISTANCE TRUST FUNDS.30 **[**[22 U.S.C. 262o-6](/us/usc/t22/s262o-6)**]** 30Pursuant to section 7070(b)(5) of division F of Public Law 119-75, section 1507, as added by such section 7070(b)(3), “shall have no force or effect beginning 10 years after the date of the enactment of this Act” [date of enactment is February 3, 2026]. ###
(a)In General The Secretary of the Treasury shall instruct the United States Governors of the International Bank for Reconstruction and Development, and, as the Secretary deems appropriate, of other international financial institutions (as defined in section 1701(c)(2)) to use the voice, vote, and influence of the United States to establish at each such institution a trust fund to be known as the “Nuclear Energy Assistance Trust Fund” that meets the requirements of subsections
(b)and
(c)of this section. ###
(b)Purposes The purposes of such a trust fund shall be the following: ####
(1)To provide financial and technical assistance to support the generation, transmission, and distribution of nuclear energy in borrowing countries. ####
(2)To ensure that the international financial institution makes financing available on competitive terms, including for the purpose of countering credit extended by the government of a country that is not a member of the OECD Arrangement on Officially Supported Export Credits. ####
(3)To exclusively support the adoption of nuclear energy technologies, including small modular reactors, that meet or exceed the quality and safety standards of technologies produced by the United States or a member country of the Organisation for Economic Co-operation and Development. ####
(4)To strengthen the capacity of the international financial institution to assess, implement, and evaluate nuclear energy projects. ###
(c)Use of Trust Fund Revenues The revenues of such a trust fund may be made available for activities for the purposes described in subsection (b), or the United States share of the revenues may be remitted to the general fund of the Treasury, as the Secretary finds appropriate. ###
(d)Rule of Interpretation This section shall not be interpreted to affect the ability of the United States Governor of, or the United States Executive Director at, an international financial institution (as so defined) to encourage the provision of financial or technical assistance from non-trust fund resources of the institution to support the generation or distribution of nuclear energy. # TITLE XVI HUMAN WELFARE
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  • 22 USC 262o-6
  • Pub. L. 119-75
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Sec. 1507
ESTABLISHMENT OF NUCLEAR ENERGY ASSISTANCE TRUST FUNDS.30
Cite22 USC 262o-6
Pub. L.Pub. L. 119-75
Cites 2Cited by 0 across 0 sources
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