Establishment of nuclear energy assistance trust funds

Title XV of the International Financial Institutions Act (22 U.S.C. 262o–262o–4) 262o et seq.) is further amended by adding at the end the following: 1507. Establishment of nuclear energy assistance trust funds (a) In general The Secretary of the Treasury shall instruct the United States Governors of the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development, and, as the Secretary deems appropriate, 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 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 that meet or exceed the quality standards prevalent in the United States or a country allied with the United States. (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 shall be made available for activities for the purposes described in subsection (b), or the United States share of the revenues shall 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..