Section 1 Short title
This Act may be cited as the “Standing Against Dirty Diplomacy Act” or “SADD Act”.
Standing Against Dirty Diplomacy Act
A BILL
To prohibit the Export-Import Bank of the United States from providing financial support for certain high carbon intensity energy projects.
Sec. 2 Prohibition on Export-Import Bank support for certain high carbon intensity energy projects
Section 2(b) of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)) is amended by adding at the end the following:
“(14) Prohibition on support for certain high carbon intensity energy projects
“(A) In general—The Bank shall not guarantee, insure, extend credit, or participate in the extension of credit in connection with the purchase or sale of any good or service for a high carbon intensity project.
“(B) High carbon intensity project defined—In subparagraph (A), the term high carbon intensity project means a project that—
“(i) is designed to generate electricity; and
“(ii) if completed, would produce at least 500 grams of carbon dioxide per kilowatt-hour of electricity generated by the project.”