The International Nuclear Energy Financing Act of 2025
(H.R. 1474)
(H.R. 1474)
The International Nuclear Energy Financing Act of 2025 (H.R. 1474) aims to bolster global nuclear energy development by directing the U.S. Treasury Secretary to advocate for the removal of restrictions that prohibit international financial institutions, including, but not limited to, the World Bank and the European Bank for Reconstruction and Development from providing support for nuclear energy technologies. The Act also directs the Secretary to advocate for a “Nuclear Energy Assistance Trust Fund” at the World Bank to help build internal capacity and expertise to deploy nuclear energy technologies worldwide.
The International Nuclear Energy Financing Act has the potential to expand the capabilities of international financial institutions to support the deployment of nuclear energy technologies. The World Bank is one of the largest funders of energy infrastructure in the developing world, with an active portfolio of over $40 billion in projects. The World Bank is also a main advisor to developing countries working to select partners and energy technologies.
Right now Russia and China are dominating the global market for nuclear technologies, creating 60 to 100-year partnerships with host countries. The World Bank and other financial institutions can play an important role in supporting the U.S. nuclear industry by investing alongside the U.S. International Development Finance Corporation and U.S. Export-Import Bank to ensure that regulatory requirements and technical expertise are adequate for host countries and address questions and concerns from nuclear newcomer countries.
The International Nuclear Energy Financing Act would build nuclear technology expertise at the World Bank, one of the largest funders of energy infrastructure in the developing world. This would be the first step towards providing direct financial support for nuclear technologies.
Rep. French Hill (R-AR-2), Rep. Ritchie Torres (D-NY-15)
ClearPath Action