US HB1474

Directs the Secretary of the Treasury to instruct U.S. representatives at the World Bank, European Bank for Reconstruction and Development, and other multilateral development banks to advocate for removing prohibitions on financing nuclear energy projects that meet U.S. or allied quality standards

Establishes "Nuclear Energy Assistance Trust Funds" at these international financial institutions to provide financial and technical assistance for nuclear energy generation and distribution in borrowing countries

Trust funds must support only nuclear technologies meeting U.S. or allied quality standards and provide competitive financing to counter credit extended by non-OECD countries (targeting Russian and Chinese nuclear exports)

Requires annual reporting for 7 years on progress promoting multilateral development bank assistance for nuclear energy and trust fund activities

Includes a 10-year sunset provision after which the Act and its amendments expire