H.R. 7516

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7516 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 7516

To require the Secretary of the Treasury to instruct the United States 
Executive Directors at the international financial institutions to 
advocate for opposition to projects that make use of forced labor.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 11, 2026

Mr. Subramanyam (for himself, Mr. Nunn of Iowa, Mr. Krishnamoorthi, Mr. 
Moolenaar, Mr. Gottheimer, Mrs. Kim, Mr. McGovern, Mr. Fitzpatrick, Mr. 
Beyer, and Ms. Norton) 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 for opposition to projects that make use of forced labor.

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 ``No Funds for Forced Labor Act''.

SEC. 2. FINDINGS.

Congress makes the following findings:
(1) The International Labour 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 Congressional-Executive 
Commission on China found, ``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 individuals.''.
(3) In 2022, the Atlantic Council published a report 
detailing that the World Bank's private lending body, the 
International Finance Corporation, determined that several 
clients of the Corporation were active participants in the 
People's Republic of China campaign against the Uyghur people 
and Uyghur culture in the Xinjiang Uyghur Autonomous Region.

SEC. 3. SENSE OF CONGRESS.

It is the sense of 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
(2) the United States should work with allies, partners, 
and all countries around the globe to eliminate forced labor 
and ensure that international financial 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 SIGNIFICANT 
RISK OF USING, FORCED LABOR.

(a) In General.--Title VII of the International Financial 
Institutions Act (22 U.S.C. 262d, 262c note, 262e, and 262d note) is 
amended by adding at the end the following:

``SEC. 706. UNITED STATES OPPOSITION TO LOANS FOR PROJECTS THAT WOULD 
USE, OR HAVE A SIGNIFICANT 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
``(B) be carried out by a state-owned or heavily 
state-influenced entity in the Xinjiang Uyghur 
Autonomous Region of the People's Republic of China; 
and
``(2) require the institution to provide, with respect 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 section, 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 
committees specified in paragraph (2) a written report on the 
implementation of the amendment made by subsection (a), which 
shall include details about--
(A) any project approved by an international 
financial institution (as defined in section 1701(c)(2) 
of the International Financial Institutions Act (22 
U.S.C. 262r(c)(2))) in which forced labor could 
possibly be used; and
(B) the efforts of the United States Executive 
Director at each such institution to convince other 
countries to oppose any project in which forced labor 
could be used.
(2) Committees specified.--The committees specified in this 
paragraph are--
(A) the Committee on Financial Services and the 
Committee on Foreign Affairs of the House of 
Representatives; and
(B) the Committee on Foreign Relations and the 
Committee on Banking, Housing, and Urban Affairs of the 
Senate.
(3) Public availability.--The Secretary of the Treasury 
shall make the report (or an unclassified version of the 
report) available to the public.
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