ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

22 U.S.C. § 262o–6Establishment of Nuclear Energy Assistance Trust Funds

submitted this year by Pub. L. 95-118 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 327 words · no verdicts yet

in plain englishAI-generated · not legal advice

Treasury must direct U.S. representatives to create "Nuclear Energy Assistance Trust Funds" at development banks. These funds will finance nuclear-energy projects meeting U.S. or OECD safety standards. Revenue can fund projects or return to the U.S. Treasury.

(a) In general The Secretary of the Treasury must instruct the U.S. Governors of the International Bank for Reconstruction and Development, and, where the Secretary finds it appropriate, of other international financial institutions (as defined in section 262r(c)(2) of this title), to use America's voice, vote, and influence to set up a trust fund at each institution called the "Nuclear Energy Assistance Trust Fund," meeting the requirements of subsections (b) and (c). (b) Purposes The trust fund's purposes are: (1) Providing financial and technical assistance to support generating, transmitting, and distributing nuclear energy in borrowing countries. (2) Making sure the institution offers financing on competitive terms, including to counter credit offered by governments of countries that aren't members of the OECD Arrangement on Officially Supported Export Credits. (3) Exclusively supporting nuclear-energy technologies — including small modular reactors — that meet or exceed U.S. or OECD member-country quality and safety standards. (4) Strengthening the institution's capacity to assess, carry out, and evaluate nuclear-energy projects. (c) Use of trust fund revenues The trust fund's revenue may be used for the purposes in subsection (b), or the U.S. share may instead be sent to the Treasury's general fund, whichever the Secretary finds appropriate. (d) Rule of interpretation This section does not limit the ability of a U.S. Governor or Executive Director at an international financial institution (as defined above) to encourage using the institution's non-trust-fund resources to support generating or distributing nuclear energy.
the actual law source: uscode.house.gov ↗public domain
(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 262r(c)(2) of this title) 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.

Source credit: (Pub. L. 95–118, title XV, § 1507, as added Pub. L. 119–75, div. F, title VII, § 7070(b)(3), Feb. 3, 2026, 140 Stat. 624.)

history & why it existsrecord from the source credit
  • 2026Enacted · Pub. L. 95-118 · 140 Stat. 624

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-118 on 2026-02-03.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case