All Information (Except Text) for S.1933 - Electrify Africa Act of 2015114th Congress (2015-2016)
|Sponsor:||Sen. Corker, Bob [R-TN] (Introduced 08/04/2015)|
|Committees:||Senate - Foreign Relations|
|Latest Action:||Senate - 08/04/2015 Read twice and referred to the Committee on Foreign Relations. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
Electrify Africa Act of 2015
Official Titles - Senate
Official Titles as Introduced
A bill to establish a comprehensive United States Government policy to encourage the efforts of countries in sub-Saharan Africa to develop an appropriate mix of power solutions, including renewable energy, for more broadly distributed electricity access in order to support poverty reduction, promote development outcomes, and drive economic growth, and for other purposes.
Actions Overview (1)
|08/04/2015||Introduced in Senate|
08/04/2015 Introduced in Senate
All Actions (1)
|08/04/2015||Read twice and referred to the Committee on Foreign Relations.|
Action By: Senate
08/04/2015 Read twice and referred to the Committee on Foreign Relations.
|Sen. Cardin, Benjamin L. [D-MD]*||08/04/2015|
|Sen. Graham, Lindsey [R-SC]*||08/04/2015|
|Sen. Durbin, Richard J. [D-IL]*||08/04/2015|
|Sen. Isakson, Johnny [R-GA]*||08/04/2015|
|Sen. Markey, Edward J. [D-MA]*||08/04/2015|
|Sen. Collins, Susan M. [R-ME]*||08/04/2015|
|Sen. Menendez, Robert [D-NJ]*||08/04/2015|
|Sen. Gardner, Cory [R-CO]*||08/04/2015|
|Sen. Shaheen, Jeanne [D-NH]*||08/04/2015|
|Sen. Kirk, Mark Steven [R-IL]*||08/04/2015|
|Sen. Coons, Christopher A. [D-DE]*||08/04/2015|
|Sen. Alexander, Lamar [R-TN]*||08/04/2015|
|Sen. Murphy, Christopher [D-CT]*||08/04/2015|
|Sen. Boozman, John [R-AR]*||08/04/2015|
|Sen. Murray, Patty [D-WA]*||08/04/2015|
|Sen. Schumer, Charles E. [D-NY]*||08/04/2015|
|Sen. Blunt, Roy [R-MO]||09/10/2015|
|Sen. Cantwell, Maria [D-WA]||09/10/2015|
|Sen. Klobuchar, Amy [D-MN]||09/10/2015|
|Sen. Franken, Al [D-MN]||09/10/2015|
|Sen. Stabenow, Debbie [D-MI]||09/10/2015|
|Sen. Brown, Sherrod [D-OH]||09/10/2015|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Foreign Relations||08/04/2015||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
- Advisory bodies
- Alternative and renewable resources
- Congressional oversight
- Electric power generation and transmission
- Executive agency funding and structure
- Foreign aid and international relief
- Foreign and international corporations
- Government information and archives
- Government lending and loan guarantees
- Government studies and investigations
- Infrastructure development
- Intellectual property
- International monetary system and foreign exchange
- International organizations and cooperation
- Lighting and heating
- Lighting, heating, cooling
- Multilateral development programs
- Overseas Private Investment Corporation (OPIC)
- Public-private cooperation
- Small business
- U.S. and foreign investments
Latest Summary (1)
Introduced in Senate (08/04/2015)
Electrify Africa Act of 2015
This bill directs the President to establish a multiyear strategy to assist countries in sub-Saharan Africa implement national power strategies and develop an appropriate mix of power solutions, including renewable energy, to provide access to reliable, affordable, and sustainable power in order to reduce poverty and drive economic growth.
The President may: (1) establish an interagency working group to coordinate the activities of U.S. government departments and agencies involved in carrying out the strategy, and (2) use U.S. influence to leverage international support to promote the strategy.
The U.S. Agency for International Development, the Trade and Development Agency, the Overseas Private Investment Corporation (OPIC), and the Millennium Challenge Corporation are urged to prioritize efforts and assistance for power projects and markets in sub-Saharan Africa.
The Foreign Assistance Act of 1961 is amended to extend OPIC's issuing authority through September 30, 2018.
- simplify the application, approval, and post-approval processes for insurance, financing, investment, or reinsurance for power generation and distribution projects in sub-Saharan Africa for which total OPIC support is less than $20 million;
- prioritize its loan, guarantee, and insurance programs, and financial commitments in the areas of power generation, distribution, and off-grid power and lighting in sub-Saharan Africa, including through the use of an investment advisory council; and
- publish in an accessible digital format the amount, type, location, duration, and measurable results of its investments and financings.
OPIC is temporarily authorized to: (1) issue local currency guarantees to African subsidiaries of foreign financial institutions to facilitate eligible investor lending for power projects in sub-Saharan Africa, and (2) make loans to eligible investors for power projects in sub-Saharan Africa for which total OPIC support does not exceed $50 million.
Foreign corporations, partnerships, and other associations that are majority owned by one or more U.S. citizens or corporations, partnerships, or other associations shall be temporarily considered eligible investors for the sole purpose of receiving OPIC assistance for power projects in sub-Saharan Africa.