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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘No Funds for Forced 
Labor Act’’. 
SEC. 2. FINDINGS. 
The Congress finds as follows: 
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(1) The International Labor Organization has 
expressed ‘‘deep concern’’ about the ‘‘extensive use 
of forced labor in the Xinjiang Uyghur Autonomous 
Region’’. 
(2) In its 2022 annual report, the Congres-
sional-Executive Commission on China (CECC) 
found that ‘‘Authorities in the XUAR (Xinjiang 
Uyghur Autonomous Region) maintained a system 
of forced labor that involved former mass internment 
camp detainees and other Turkic and Muslim indi-
viduals.’’. 
(3) In 2022, the Atlantic Council published a 
report detailing that the World Bank’s private lend-
ing body, the International Finance Corporation 
(IFC), determined that several IFC clients were ac-
tive participants in the People’s Republic of China 
campaign against the Uyghur people and Uyghur 
culture in the XUAR. 
SEC. 3. SENSE OF THE CONGRESS. 
It is the sense of the Congress that— 
(1) international financial institutions should 
not fund, finance, or provide loan guarantees to any 
entity that has been credibly accused of using forced 
labor; and 
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(2) the United States should work with allies, 
partners, and all countries around the globe to elimi-
nate forced labor and ensure that international fi-
nancial institutions do not fund projects that use 
forced labor. 
SEC. 4. UNITED STATES OPPOSITION TO INTERNATIONAL 
FINANCIAL 
INSTITUTION 
LOANS 
FOR 
PROJECTS THAT WOULD USE, OR HAVE A SIG-
NIFICANT RISK OF USING, FORCED LABOR. 
(a) IN GENERAL.—Title VII of the International Fi-
nancial Institutions Act (22 U.S.C. 262d, 262c note, 262e, 
and 262d note) is amended by adding at the end the fol-
lowing: 
‘‘SEC. 706. UNITED STATES OPPOSITION TO LOANS FOR 
PROJECTS THAT WOULD USE, OR HAVE A SIG-
NIFICANT RISK OF USING, FORCED LABOR. 
‘‘(a) IN GENERAL.—The Secretary of the Treasury 
shall instruct the United States Executive Director at each 
international financial institution (as defined in section 
1701(c)(2)) to use the voice, vote, and influence of the 
United States, to the maximum extent practicable, to— 
‘‘(1) oppose the provision of a loan to any 
project that will— 
‘‘(A) pose a significant risk of using forced 
labor; or 
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‘‘(B) be carried out by a state-owned or 
heavily state-influenced entity in the Xinjiang 
Uyghur Autonomous Region; and 
‘‘(2) require the institution to provide, with re-
spect to each project supported by the institution, an 
explanation, specific to the project, of— 
‘‘(A) how the institution has vetted the 
project for forced labor risks; and 
‘‘(B) the actions taken to mitigate, track, 
and reverse that risk. 
‘‘(b) DEFINITION OF FORCED LABOR.—In this sec-
tion, the term ‘forced labor’— 
‘‘(1) has the meaning given the term in section 
307 of the Tariff Act of 1930 (19 U.S.C. 1307); and 
‘‘(2) includes convict labor and indentured labor 
under penal sanctions.’’. 
(b) REPORT.— 
(1) IN GENERAL.—Not later than 1 year after 
the date of the enactment of this Act, and annually 
thereafter for the next 5 years, the Secretary of the 
Treasury shall submit to the Committee on Finan-
cial Services of the House of Representatives, the 
Committee on Foreign Affairs of the House of Rep-
resentatives, the Committee on Foreign Relations of 
the Senate, and the Committee on Banking, Hous-
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ing, and Urban Affairs of the Senate a written re-
port on the implementation of the amendment made 
by subsection (a), which shall include details 
about— 
(A) any project approved by an inter-
national financial institution (as defined in sec-
tion 1701(c)(2) of the International Financial 
Institutions Act) in which forced labor could 
possibly be used; and 
(B) the efforts of the United States Execu-
tive Director at each such institution to con-
vince other countries to oppose any project in 
which forced labor could be used. 
(2) PUBLIC AVAILABILITY.—The Secretary of 
the Treasury shall make the report (or an unclassi-
fied version of the report) available to the public. 
Æ 
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