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Promoting Clean Energy and Climate Justice in Financial Institutions

The bill requires U.S. representatives in international financial institutions to use their voice and vote to promote clean energy and oppose new fossil fuel investments. It also mandates the reduction of U.S. contributions to institutions funding fossil fuels and prohibits U.S. foreign assistance for such activities.
Key points
The U.S. will use its voice in international financial institutions to promote clean energy and reduce greenhouse gas emissions.
Prohibition of U.S. funding for new fossil fuel projects, including the refurbishment of existing facilities.
Withholding U.S. contributions to financial institutions that continue to support fossil fuel projects, with potential release upon policy change.
Support for phasing out internal combustion engines for passenger vehicles and buses by 2025.
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Status:
Expired
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Additional Information
Print number: 117_HR_5775
Sponsor: Rep. Huffman, Jared [D-CA-2]
Process start date: 2021-10-28
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Sustainable International Financial Institutions Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5775.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-10-28.

What are the main provisions?

Key points include:

  • The U.S. will use its voice in international financial institutions to promote clean energy and reduce greenhouse gas emissions.
  • Prohibition of U.S. funding for new fossil fuel projects, including the refurbishment of existing facilities.
  • Withholding U.S. contributions to financial institutions that continue to support fossil fuel projects, with potential release upon policy change.
  • Support for phasing out internal combustion engines for passenger vehicles and buses by 2025.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Huffman, Jared [D-CA-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Environment Economy Public Investments