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This bill directs the U.S. Treasury Secretary to instruct U.S. Executive Directors at major international financial institutions (such as the World Bank and regional development banks) to oppose and rescind any policies that restrict financing of coal, oil, natural gas, or nuclear energy projects. It also withholds 50 percent of U.S. funding to the International Bank for Reconstruction and Development until the bank reverses its restrictions on fossil fuel and nuclear financing, and requires the Treasury Secretary to coordinate with other federal agencies to promote international financing of energy projects in developing countries.
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