PlainBillCongress, translated.Legislation. Context. Public interest.Placed on Senate Legislative Calendar under General Orders. Calendar No. 489.
Congressional Research Service
Version 00 · Introduced in Senate · Jun 19, 2014
Energize Africa Act of 2014 - Directs the President to establish: (1) 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; and (2) an African Power Advisory Group.
Expresses the sense of Congress that:
as the United States deepens its engagement with countries in sub-Saharan Africa priority should be given to countries with credibility in energy sector governance and management, and to private sector and investment climate reforms; and
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the United States should consider U.S. government and private sector opportunities to contribute to such countries' energy sectors and facilitate regional power trade and access.
Requires the U.S. Agency for International Development (USAID) to prioritize assistance to sub-Saharan Africa for national, regional, and local energy and economically sustainable power policy plans, and to expand power access.
Urges, with respect to power projects in sub-Saharan Africa, that:
USAID prioritize loan guarantees to local financial institutions to facilitate their involvement in power projects and markets, and to fund plans to increase distribution coverage;
the Trade and Development Agency promote U.S. private sector participation in energy sector development projects through project preparation activities;
the Secretary of the Treasury use U.S. influence in the World Bank Group and the African Development Bank to encourage power sector and electrification investments;
the Overseas Private Investment Corporation (OPIC) prioritize support for private sector investments that will maximize the number of people with new access to power services and expand power transmission and distribution; and
the United States African Development Foundation make grants and provide technical support to businesses and organizations that are developing on- and off-grid solutions to meet the power needs of underserved rural communities.
Amends the Foreign Assistance Act of 1961 to authorize OPIC to make direct loans and issue investment insurance and investment loan guarantees through September 30, 2019.
Urges OPIC, with respect to sub-Saharan Africa, to:
streamline the application, approval, and post-approval processes for insuring, financing, or investing in projects, including off-grid efforts, for which OPIC support is less than $20 million; and
prioritize OPIC loan, guarantee, and insurance programs for power generation, distribution, and off-grid power and lighting.
Requires OPIC to establish five-year pilot programs under which:
certain entities that are substantially owned by U.S. citizens shall be eligible investors for receiving OPIC assistance for power projects in sub-Saharan Africa; and
OPIC shall make loans to eligible investors for power projects in sub-Saharan Africa for which OPIC support does not exceed $50 million, or issue local currency guarantees to African subsidiaries of foreign financial institutions to facilitate lending for power projects in sub-Saharan Africa.
Authorizes OPIC to insure, guarantee, or reinsure an equity investment in a renewable energy project in sub-Saharan Africa for up to 30 years.
Requires OPIC to conduct an annual customer satisfaction survey.
Authorizes OPIC to employ up to 20 individuals on a limited-appointment basis in support of power production and distribution efforts in sub-Saharan Africa.
Expresses the sense of Congress that appropriations for certain OPIC administrative expenses and activities for FY2015-FY2019 should be adjusted to reflect the resources needed to carry out the purposes of this Act.
People & committees
Sen. Menendez, Robert [D-NJ] · D–NJ
Legislative record
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 489.
Committee on Foreign Relations. Reported by Senator Menendez with amendments and an amendment to the title. With written report No. 113-219.
Committee on Foreign Relations. Reported by Senator Menendez with amendments and an amendment to the title. With written report No. 113-219.
Committee on Foreign Relations. Ordered to be reported with an amendment favorably.
Read twice and referred to the Committee on Foreign Relations.
Introduced in Senate
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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