H.R. 5952

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5952 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. R. 5952

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 Government assistance to countries or entities 
to support fossil fuel activity, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

November 7, 2025

Mr. Huffman introduced the following bill; which was referred to the 
Committee on Financial Services, and in addition to the Committee on 
Foreign Affairs, 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 Government assistance to countries or entities 
to support fossil fuel activity, and for other purposes.

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

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Sustainable International Financial 
Institutions Act of 2025''.

SEC. 2. CLEAN ENERGY AND CLIMATE JUSTICE AT INTERNATIONAL 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 Directors 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 greenhouse 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 energy 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--
``(A) any such policy reform, investment, loan, or 
extension of assistance that would support the 
refurbishment or life extension of existing fossil fuel 
capacity; or
``(B) any such investment, loan, or extension of 
assistance to a country or entity that would 
necessitate, or is predicated upon, increased fossil 
fuel capacity outside of the country 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 2031 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 assistance 
provided by each international financial institution 
specified in subsection (c) to any country or entity to 
create new capacity for fossil fuel activity during the 
preceding fiscal year; and
``(B) reduce the contribution of the United States 
to that institution by the amount determined under 
subparagraph (A).
``(2) Deposit in escrow account.--The Secretary 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 
determines and certifies to Congress that the institution is no 
longer providing investments, loans, or extensions of financial 
or technical assistance to any country or entity to create new 
capacity for fossil fuel activity.
``(4) Reports required.--Not later than 120 days after 
depositing amounts into the escrow account under paragraph (2) 
attributable to contributions to an international financial 
institution specified 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 financial or technical assistance provided by 
that institution to any country or entity to create new 
capacity for fossil fuel activity during the preceding fiscal 
year.
``(c) International Financial Institutions Specified.--The 
international financial institutions specified in this subsection are 
the following:
``(1) The International Bank for Reconstruction and 
Development.
``(2) The International Development Association.
``(3) The International Finance Corporation.
``(4) The Multilateral Investment Guarantee Agency.
``(5) The African Development Fund.
``(6) The African Development Bank.
``(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, transportation (including 
pipelines transporting gas, oil, or products thereof), 
combustion, distribution, or marketing 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;
``(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 
unconventionally produced hydrocarbons.
``(3) Policy reform.--The term `policy reform' means a 
process at an international financial institution that changes 
rules, regulations, or institutions and results in 
incentivizing fossil fuel investment, 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 indirectly (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 Institutions 
Act, as added by section 2) or a related infrastructure project, 
including through the United States International Development Finance 
Corporation, the Export-Import Bank of the United States, the Trade and 
Development Agency, the United States Agency for International 
Development, or the Millennium Challenge Corporation.
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