; and (2) lower their dependence on imported fuels. (b) Strategy requirement Not later than 120 days after the date of the enactment of this Act, the Secretary of State shall submit a multi-year strategy to the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives for regional cooperation with Caribbean countries— (1) to lower the region’s dependence on imported fuels, grow the region’s domestic energy production for the generation of electricity, and strengthen regional energy security; (2) to lower the region’s dependence on oil in the transportation sector; (3) to increase the region’s energy efficiency, energy conservation, and investment in alternatives to imported fuels; (4) to improve grid reliability and modernize electricity transmission networks; (5) to advance deployment of innovative solutions to expand community and individuals’ access to electricity; and (6) to help reform the region’s energy markets to encourage good regulatory governance and to promote a climate of private sector investment. (c) Elements The strategy required under subsection (b) shall include— (1) a thorough review and inventory of United States Government activities to promote energy security in the Caribbean region and to reduce the region’s reliance on oil for electricity generation that are being carried out bilaterally, regionally, and in coordination with multilateral institutions; (2) opportunities for marshaling regional cooperation— (A) to overcome market barriers resulting from the small size of Caribbean energy markets; (B) to address the high transportation and infrastructure costs faced by Caribbean countries; (C) to ensure greater donor coordination between governments, multilateral institutions, multilateral banks, and private investors; and (D) to expand regional financing opportunities to allow for lower cost energy entrepreneurship