- Home
- Business
- News
- New Bill Seeks to Boost US Nuclear Civilian Industry Exports Through Ex-Im Bank - Senator
New Bill Seeks To Boost US Nuclear Civilian Industry Exports Through Ex-Im Bank - Senator
Umer Jamshaid Published August 16, 2019 | 12:01 AM
A proposed new bill would provide $50 billion in support financing for the export of US civilian atomic technology as part of a program to boost the US domestic nuclear industry, Senator Lisa Murkowksi said in a press release on Thursday
"Murkowski today released a discussion draft of the Strategic Energy for America (SEA) Act of 2019," the release said. "The SEA Act would: Enable the new Development Finance Corporation to support civilian nuclear energy projects in developing countries."
The bill says it would establish a strategic energy portfolio at the US Export-Import Bank to promote civil nuclear energy infrastructure projects and natural gas infrastructure projects.
The maximum exposure cap for the strategic energy portfolio of loans, guarantees and insurance the Export-Import Bank has outstanding at any one time "may not exceed $50 billion," the bill says.
According to its mission statement, the Export-Import Bank is charged with filling gaps in trade financing for US exporters of good and services by matching the financing foreign governments provide to their own exporters. Over the past 80 years, it has supported $567 billion worth of US exports.
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
8 hours ago -
US stocks rebound on tech earnings, London hits new record
8 hours ago -
US approves gene therapy treatment for hemophilia
8 hours ago -
KATI president for inclusion of agri sector in tax net
8 hours ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
10 hours ago -
Police to take every step for security of business community: IGP
10 hours ago
-
WB director, Planning minister discuss reforms in development projects
10 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
11 hours ago -
FBR’s data protection efforts commended by OECD assessment team
11 hours ago -
US stocks rebound on tech earnings, London hits new record
12 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
12 hours ago -
SBP to announce monetary policy on April 29
12 hours ago