SEC. 3. PROMOTION OF MEASURES TO PROVIDE REPARA-
TIONS 
FOR 
COMMUNITIES 
DAMAGED 
BY 
PROJECTS FINANCED BY INTERNATIONAL FI-
NANCIAL 
INSTITUTIONS 
OF 
WHICH 
THE 
UNITED STATES IS A SHAREHOLDER. 
The Secretary of the Treasury shall direct the United 
States Executive Director at each international financial 
institution to use the voice, vote, and influence of the 
United States to vigorously promote— 
(1) the adoption and implementation of policies 
that ensure that the institution does not support ac-
tivities that are likely to cause or contribute to 
human rights violations or abuses, including by un-
dertaking adequate, publicly available human rights 
assessments to become aware of and prevent poten-
tial adverse effects on human rights from any pro-
posed projects; 
(2) the adoption and implementation of proce-
dures under which individuals or communities that 
suffer violations of human rights resulting from any 
loan, grant, strategy, or policy of the institution may 
initiate a reparations process, outlined in a nego-
tiated, mutually acceptable, and publicly available 
reparations plan; and 
(3) the creation of a reparations fund at the in-
stitution— 
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(A) to which international financial institu-
tions shall contribute a fixed percentage of the 
revenue earned on all lending and other invest-
ments by the institution; 
(B) which shall be managed by a board of 
directors and operated transparently and inde-
pendently from the institution; and 
(C) which shall be dedicated to providing 
financial resources— 
(i) to support the full and effective 
participation of the individuals and com-
munities in negotiations for the repara-
tions plan referred to in paragraph (2), in-
cluding technical and legal support; 
(ii) for the full implementation of any 
reparations plan negotiated by the parties; 
and 
(iii) for establishing and operating 
monitoring panels to review and issue inde-
pendent periodic reports detailing progress 
and challenges encountered in imple-
menting the reparations plan referred to in 
paragraph (2) and clause (ii) of this sub-
paragraph. 
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SEC. 4. PROHIBITION ON FAVORABLE VOTE FOR PROPOSAL 
UNTIL RECEIPT OF REPORT ON ITS EFFECT 
ON HUMAN RIGHTS AND CORRUPTION. 
(a) The United States Executive Director at each 
international financial institution should request a report 
from the institution that contains— 
(1) an assessment, in line with international 
best practices, of human rights and corruption risks 
associated with the project, including relevant legacy 
issues that existed before the involvement of the in-
stitution; 
(2) details describing how the implementers of 
the project will avoid, directly or indirectly, contrib-
uting to adverse effects on local communities; and 
(3) plans detailing how the institution will avoid 
participating in corrupt practices throughout the life 
cycle of the project. 
(b) The Secretary of the Treasury shall direct the 
United States Executive Director at each international fi-
nancial institution to not vote in favor of a proposal to 
provide financial support for a project to be implemented 
in a country or sector if— 
(1) the United States Executive Director has 
not received the report described in subsection (a); 
(2) the government of the country has refused 
to accept or renew the mandate of a group or person 
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acting under the authority of the United Nations or 
a regional intergovernmental human rights treaty 
body to which the country is party; or 
(3) the government of the country is obstruct-
ing the implementation of a reparations plan. 
SEC. 5. OPPOSITION TO INTERNATIONAL FINANCIAL INSTI-
TUTION FINANCING FOR CORPORATION IN-
VOLVED IN A PROJECT THAT VIOLATES 
HUMAN RIGHTS. 
The Secretary of the Treasury shall direct the United 
States Executive Director at each international financial 
institution to use the voice, vote, and influence of the 
United States to oppose the provision of financing, indefi-
nitely or for a limited period of time, for a project of a 
corporation that has been involved in another project that 
violates internationally recognized human rights, until an 
independent investigation finds that the involvement of the 
corporation in the other project did not violate such rights 
or that the corporation has made full reparations or rem-
edy. 
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SEC. 6. DEFINITION OF INTERNATIONAL FINANCIAL INSTI-
TUTION. 
In this Act, the term ‘‘international financial institu-
tion’’ has the meaning given the term in section 
1701(c)(2) of the International Financial Institutions Act. 
Æ 
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