Senate Export-Import Reauthorization Bill Retains Provision for Coal Project Financing

摘要

U.S. Export-Import Bank reauthorization legislation introduced March 19 in the Senate includes new language that overrides Obama administration guidance limiting the bank from financing overseas coal-fired power plants. The bill (S. 819) introduced by Sens. Mark Kirk (R-Ill.) and Heidi Heitkamp (D-N.D.), includes a provision that bars the bank from denying an application for financing based on the energy source, according to the legislative text.