I 
117TH CONGRESS 
1ST SESSION H. R. 5775 
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 
OCTOBER 28, 2021 
Mr. HUFFMAN (for himself, Ms. BARRAGA´N, Mr. SOTO, Mr. ESPAILLAT, Ms. 
TLAIB, Mr. BLUMENAUER, Ms. ESCOBAR, and Mr. JONES) introduced 
the following bill; which was referred to the Committee on Financial Serv-
ices, and in addition to the Committee on Foreign Affairs, for a period 
to be subsequently determined by the Speaker, in each case for consider-
ation 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 2021’’. 
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 2025 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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‘‘(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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‘‘(7) The Asian Development Fund. 
‘‘(8) The Asian Development Bank. 
‘‘(9) The European Bank for Reconstruction 
and Development. 
‘‘(10) The Inter-American Development Bank. 
‘‘(11) The Inter-American Development Bank 
Invest. 
‘‘(12) The North American Development Bank. 
‘‘(d) DEFINITIONS.—In this section: 
‘‘(1) FOSSIL FUEL ACTIVITY.—The term ‘fossil 
fuel activity’ means the exploration, development, 
mining or production, processing, refining, transpor-
tation (including pipelines transporting gas, oil, or 
products thereof), combustion, distribution, or mar-
keting of, or the construction or operation of plants 
for the processing or refining of, coal, petroleum, 
natural gas, or any derivative of coal, petroleum, or 
natural gas that is used for fuel. 
‘‘(2) FOSSIL FUEL.— 
‘‘(A) IN GENERAL.—The term ‘fossil fuel’ 
means all forms of coal, oil, and gas. 
‘‘(B) INCLUSIONS.—The term ‘fossil fuel’ 
includes— 
‘‘(i) bitumen from oil sands; 
‘‘(ii) kerogen from oil shale; 
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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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