I 

118TH CONGRESS 

2D SESSION H. R. 7125 

To require the Secretary of the Treasury to instruct the United States 

Executive Directors at the international financial institutions to advocate 

opposition to projects that make use of forced labor. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 29, 2024 

Ms. WEXTON (for herself, Mr. GALLAGHER, Mr. KRISHNAMOORTHI, Mr. 

ROSE, Mr. SHERMAN, Mrs. KIM of California, Mr. MEEKS, and Mr. 

NUNN of Iowa) introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

To require the Secretary of the Treasury to instruct the 

United States Executive Directors at the international 

financial institutions to advocate opposition to projects 

that make use of forced labor. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘No Funds for Forced 

5 Labor Act’’. 

6 SEC. 2. FINDINGS. 

7 The Congress finds as follows: 


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1 (1) The International Labor Organization has 

2 expressed ‘‘deep concern’’ about the ‘‘extensive use 

3 of forced labor in the Xinjiang Uyghur Autonomous 

4 Region’’. 

5 (2) In its 2022 annual report, the Congres6 sional-Executive Commission on China (CECC) 

7 found that ‘‘Authorities in the XUAR (Xinjiang 

8 Uyghur Autonomous Region) maintained a system 

9 of forced labor that involved former mass internment 

10 camp detainees and other Turkic and Muslim indi11 viduals.’’. 

12 (3) In 2022, the Atlantic Council published a 

13 report detailing that the World Bank’s private lend14 ing body, the International Finance Corporation 

15 (IFC), determined that several IFC clients were ac16 tive participants in the People’s Republic of China 

17 campaign against the Uyghur people and Uyghur 

18 culture in the XUAR. 

19 SEC. 3. SENSE OF THE CONGRESS. 

20 It is the sense of the Congress that— 

21 (1) international financial institutions should 

22 not fund, finance, or provide loan guarantees to any 

23 entity that has been credibly accused of using forced 

24 labor; and 


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1 (2) the United States should work with allies, 

2 partners, and all countries around the globe to elimi3 nate forced labor and ensure that international fi4 nancial institutions do not fund projects that use 

5 forced labor. 

6 SEC. 4. UNITED STATES OPPOSITION TO INTERNATIONAL 

7 FINANCIAL INSTITUTION LOANS FOR 

8 PROJECTS THAT WOULD USE, OR HAVE A SIG9 NIFICANT RISK OF USING, FORCED LABOR. 

10 (a) IN GENERAL.—Title VII of the International Fi11 nancial Institutions Act (22 U.S.C. 262d, 262c note, 262e, 

12 and 262d note) is amended by adding at the end the fol13 lowing: 

14 ‘‘SEC. 706. UNITED STATES OPPOSITION TO LOANS FOR 

15 PROJECTS THAT WOULD USE, OR HAVE A SIG16 NIFICANT RISK OF USING, FORCED LABOR. 

17 ‘‘(a) IN GENERAL.—The Secretary of the Treasury 

18 shall instruct the United States Executive Director at each 

19 international financial institution (as defined in section 

20 1701(c)(2)) to use the voice, vote, and influence of the 

21 United States, to the maximum extent practicable, to— 

22 ‘‘(1) oppose the provision of a loan to any 

23 project that will— 

24 ‘‘(A) pose a significant risk of using forced 

25 labor; or 


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1 ‘‘(B) be carried out by a state-owned or 

2 heavily state-influenced entity in the Xinjiang 

3 Uyghur Autonomous Region; and 

4 ‘‘(2) require the institution to provide, with re5 spect to each project supported by the institution, an 

6 explanation, specific to the project, of— 

7 ‘‘(A) how the institution has vetted the 

8 project for forced labor risks; and 

9 ‘‘(B) the actions taken to mitigate, track, 

10 and reverse that risk. 

11 ‘‘(b) DEFINITION OF FORCED LABOR.—In this sec12 tion, the term ‘forced labor’— 

13 ‘‘(1) has the meaning given the term in section 

14 307 of the Tariff Act of 1930 (19 U.S.C. 1307); and 

15 ‘‘(2) includes convict labor and indentured labor 

16 under penal sanctions.’’. 

17 (b) REPORT.— 

18 (1) IN GENERAL.—Not later than 1 year after 

19 the date of the enactment of this Act, and annually 

20 thereafter for the next 5 years, the Secretary of the 

21 Treasury shall submit to the Committee on Finan22 cial Services of the House of Representatives, the 

23 Committee on Foreign Affairs of the House of Rep24 resentatives, the Committee on Foreign Relations of 

25 the Senate, and the Committee on Banking, HousVerDate Sep 11 2014 19:21 Feb 05, 2024 Jkt 049200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H7125.IH H7125

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1 ing, and Urban Affairs of the Senate a written re2 port on the implementation of the amendment made 

3 by subsection (a), which shall include details 

4 about— 

5 (A) any project approved by an inter6 national financial institution (as defined in sec7 tion 1701(c)(2) of the International Financial 

8 Institutions Act) in which forced labor could 

9 possibly be used; and 

10 (B) the efforts of the United States Execu11 tive Director at each such institution to con12 vince other countries to oppose any project in 

13 which forced labor could be used. 

14 (2) PUBLIC AVAILABILITY.—The Secretary of 

15 the Treasury shall make the report (or an unclassi16 fied version of the report) available to the public. 

Æ 


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