$1T Spending Bill Slows Effort To Curb US Coal Plant Funding

Law360, New York (January 14, 2014, 5:02 PM EST) -- The $1.012 trillion omnibus spending bill agreed to Monday by Congressional leaders puts the brakes on some of the Obama administration's plans to restrict financing for foreign coal-fired power plants, but boosts funding for the Environmental Protection Agency and Departments of Energy and Interior from post-sequestration levels.

The spending bill includes a provision that the Republican-controlled House Appropriations Committee said would bar the U.S. Export-Import Bank and the government's development finance arm Overseas Private Investment Corp. "from blocking coal and other power-generation projects, which will increase...
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