Las Americas Energy Security Act

The Las Americas Energy Security Act establishes a U.S. sovereign lending program to provide eligible Latin American and Caribbean countries with zero- or low-interest loans for energy projects. These funds support short-term energy needs, renewable energy transitions, grid modernization, and battery storage, while requiring projects to avoid Chinese or Russian state-owned enterprises and prioritize clean energy. The program targets countries meeting specific criteria (e.g., Caribbean Basin Act beneficiaries, CARICOM members) and mandates annual reports to Congress on project impacts and U.S. national security benefits. It authorizes $100 million annually for fiscal years 2024-2029 to advance U.S. energy security goals in the region.