S. 1783 — Combating Global Poverty Through Energy Development Act

This section directs the Secretary of the Treasury to instruct the U.S. executive director of each covered international financial institution—defined to include the International Bank for Reconstruction and Development (IBRD), International Development Association, International Finance Corporation, International Monetary Fund, Inter-American Development Bank, and seven others—to oppose any rule, regulation, policy, or guideline restricting financing of coal, oil, natural gas, or civil nuclear energy projects and to rescind existing ones. It further directs the U.S. executive director of the IBRD to pursue reversal of the bank's restrictions on coal power generation financing, prohibitions on upstream oil and gas exploration and production, and prohibition on civil nuclear energy projects. The section limits obligations or expenditures to no more than 50% of amounts appropriated for the IBRD in FY2026 or any fiscal year thereafter until the Secretary certifies to the Senate Committee on Foreign Relations and House Committee on Foreign Affairs that the bank has rescinded such restrictions and adopted a policy promoting financing of coal, oil, natural gas, and civil nuclear energy projects. It also requires the Secretary, in coordination with the Secretaries of State and Energy and heads of the Export-Import Bank and U.S. International Development Finance Corporation, to identify steps to promote international financing of such energy projects (including coal, oil, and natural gas) to aid developing countries' access to affordable power. Finally, it requires the Secretary to submit to the specified congressional committees, within 180 days of enactment and annually thereafter, a report listing relevant restrictions at covered institutions, describing U.S. efforts to eliminate them, and detailing identified promotional steps and implementation progress.