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To require the use of the voice and vote of the United States in international financial institutions to advance the cause of transitioning the global economy to a clean energy economy and to prohibit United States Government assistance to countries or entities to support fossil fuel activity, and for other purposes.

12/16/2024, 7:30 PM

Summary of Bill HR 10341

Bill 118 hr 10341, also known as the Clean Energy Transition Act, aims to leverage the voice and vote of the United States in international financial institutions to promote the transition of the global economy to a clean energy economy. The bill seeks to prohibit the United States Government from providing assistance to countries or entities that support fossil fuel activity.

The main goal of the bill is to encourage the adoption of clean energy technologies and practices on a global scale in order to combat climate change and reduce greenhouse gas emissions. By using the influence of the United States in international financial institutions, the bill aims to push for investments in renewable energy sources and sustainable development projects.

Additionally, the bill prohibits the United States Government from providing financial assistance to countries or entities that continue to support fossil fuel activities, such as coal mining or oil drilling. This measure is intended to incentivize countries to shift towards cleaner energy sources and reduce their reliance on fossil fuels. Overall, the Clean Energy Transition Act is a proactive approach to addressing climate change and promoting sustainable development on a global scale. By leveraging the influence of the United States in international financial institutions, the bill aims to accelerate the transition to a clean energy economy and reduce the impact of fossil fuel activities on the environment.

Current Status of Bill HR 10341

Bill HR 10341 is currently in the status of Bill Introduced since December 10, 2024. Bill HR 10341 was introduced during Congress 118 and was introduced to the House on December 10, 2024.  Bill HR 10341's most recent activity was Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of December 10, 2024

Bipartisan Support of Bill HR 10341

Total Number of Sponsors
2
Democrat Sponsors
2
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
8
Democrat Cosponsors
8
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 10341

Primary Policy Focus

Alternate Title(s) of Bill HR 10341

To require the use of the voice and vote of the United States in international financial institutions to advance the cause of transitioning the global economy to a clean energy economy and to prohibit United States Government assistance to countries or entities to support fossil fuel activity, and for other purposes.
To require the use of the voice and vote of the United States in international financial institutions to advance the cause of transitioning the global economy to a clean energy economy and to prohibit United States Government assistance to countries or entities to support fossil fuel activity, and for other purposes.

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