I 
118TH CONGRESS 
2D SESSION H. R. 10341 
To require the use of the voice and vote of the United States in international 
financial institutions to advance the cause of transitioning the global 
economy to a clean energy economy and to prohibit United States Gov-
ernment assistance to countries or entities to support fossil fuel activity, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 10, 2024 
Mr. HUFFMAN (for himself, Ms. NORTON, Ms. ESCOBAR, Mr. LEVIN, Mr. GRI-
JALVA, Mr. BLUMENAUER, Ms. LOFGREN, Ms. BARRAGA´N, and Ms. MAT-
SUI) introduced the following bill; which was referred to the Committee 
on Financial Services, and in addition to the Committee on Foreign Af-
fairs, for a period to be subsequently determined by the Speaker, in each 
case for consideration of such provisions as fall within the jurisdiction of 
the committee concerned 
A BILL 
To require the use of the voice and vote of the United 
States in international financial institutions to advance 
the cause of transitioning the global economy to a clean 
energy economy and to prohibit United States Govern-
ment assistance to countries or entities to support fossil 
fuel activity, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Sustainable Inter-
national Financial Institutions Act of 2024’’. 
SEC. 2. CLEAN ENERGY AND CLIMATE JUSTICE AT INTER-
NATIONAL FINANCIAL INSTITUTIONS. 
The International Financial Institutions Act (22 
U.S.C. 262c et seq.) is amended by adding at the end the 
following: 
‘‘TITLE XX—CLEAN ENERGY AND 
CLIMATE JUSTICE 
‘‘SEC. 2001. CLEAN ENERGY AND CLIMATE JUSTICE. 
‘‘(a) IN GENERAL.—The United States Executive Di-
rectors at the international financial institutions specified 
in subsection (c) shall use the voice and vote of the United 
States in those institutions— 
‘‘(1) to advance the cause of reducing green-
house gas emissions and transitioning the global 
economy to a clean energy economy, including by 
seeking to channel assistance toward countries and 
entities that are building clean and sustainable en-
ergy systems; 
‘‘(2) to oppose any policy reform, or investment, 
loan, or extension of financial or technical assistance 
to any country or entity, that is intended to create, 
or will have the effect of creating, new capacity for, 
or the expansion of, fossil fuel activity, including— 
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‘‘(A) any such policy reform, investment, 
loan, or extension of assistance that would sup-
port the refurbishment or life extension of exist-
ing fossil fuel capacity; or 
‘‘(B) any such investment, loan, or exten-
sion of assistance to a country or entity that 
would necessitate, or is predicated upon, in-
creased fossil fuel capacity outside of the coun-
try receiving the investment, loan, or extension 
of assistance or the country in which the entity 
operates, as applicable, without regard whether 
the activity falls within the portfolio of the 
international financial institution providing the 
investment, loan, or extension of assistance; and 
‘‘(3) to support the phasing out of funding for 
internal combustion engines for passenger vehicles 
and buses by 2030 in a way that is sustainable and 
sensitive to communities in need of mobility. 
‘‘(b) REDUCTION OF CONTRIBUTIONS; DEPOSIT IN 
ESCROW ACCOUNT.— 
‘‘(1) DETERMINATION
OF
EXPENDITURE
ON 
NEW FOSSIL FUEL CAPACITY.—In each fiscal year, 
the Secretary of the Treasury shall— 
‘‘(A) determine the amount of investments, 
loans, and extensions of financial or technical 
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assistance provided by each international finan-
cial institution specified in subsection (c) to any 
country or entity to create new capacity for fos-
sil fuel activity during the preceding fiscal year; 
and 
‘‘(B) reduce the contribution of the United 
States to that institution by the amount deter-
mined under subparagraph (A). 
‘‘(2) DEPOSIT IN ESCROW ACCOUNT.—The Sec-
retary shall deposit in an escrow account the amount 
by which the contribution of the United States to 
each international financial institution specified in 
subsection (c) is reduced under paragraph (1)(B). 
‘‘(3) RELEASE FROM ESCROW ACCOUNT.—The 
Secretary shall release to each international financial 
institution specified in subsection (c) the amount in 
the escrow account under paragraph (2) attributable 
to contributions to that institution reduced under 
paragraph (1)(B) at such time as the Secretary de-
termines and certifies to Congress that the institu-
tion is no longer providing investments, loans, or ex-
tensions of financial or technical assistance to any 
country or entity to create new capacity for fossil 
fuel activity. 
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‘‘(4) REPORTS REQUIRED.—Not later than 120 
days after depositing amounts into the escrow ac-
count under paragraph (2) attributable to contribu-
tions to an international financial institution speci-
fied in subsection (c) reduced under paragraph 
(1)(B), and annually thereafter until amounts are 
released to that institution under paragraph (3), the 
Secretary shall submit to Congress a report that 
documents investments, loans, and extensions of fi-
nancial or technical assistance provided by that in-
stitution to any country or entity to create new ca-
pacity for fossil fuel activity during the preceding 
fiscal year. 
‘‘(c) INTERNATIONAL
FINANCIAL
INSTITUTIONS 
SPECIFIED.—The international financial institutions spec-
ified in this subsection are the following: 
‘‘(1) The International Bank for Reconstruction 
and Development. 
‘‘(2) The International Development Associa-
tion. 
‘‘(3) The International Finance Corporation. 
‘‘(4) The Multilateral Investment Guarantee 
Agency. 
‘‘(5) The African Development Fund. 
‘‘(6) The African Development Bank. 
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‘‘(iii) liquids manufactured from coal; 
‘‘(iv) coal bed methane; 
‘‘(v) methane hydrates; 
‘‘(vi) light oil derived from shale or 
other formations; 
‘‘(vii) natural gas liquids; and 
‘‘(viii) all conventionally and uncon-
ventionally produced hydrocarbons. 
‘‘(3) POLICY
REFORM.—The term ‘policy re-
form’ means a process at an international financial 
institution that changes rules, regulations, or insti-
tutions and results in incentivizing fossil fuel invest-
ment, such as by lowering tax liability or increasing 
energy tariffs.’’. 
SEC. 3. PROHIBITION ON FOREIGN ASSISTANCE THAT 
WOULD SUPPORT FOSSIL FUEL ACTIVITY. 
The United States may not provide, directly or indi-
rectly (such as through a financial intermediary), any 
loan, insurance, guarantee, or extension of financial or 
technical assistance, including policy guidance, to any 
country or entity for any fossil fuel activity (as defined 
in section 2001(d) of the International Financial Institu-
tions Act, as added by section 2) or a related infrastruc-
ture project, including through the United States Inter-
national Development Finance Corporation, the Export- 
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Import Bank of the United States, the Trade and Devel-
opment Agency, the United States Agency for Inter-
national Development, or the Millennium Challenge Cor-
poration. 
Æ 
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