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No Funds for Forced Labor Act: US Opposes Exploitative Projects

This act aims to prevent international financial institutions from funding projects that use forced labor. This means that U.S. taxpayer money will not support ventures that violate fundamental human rights, potentially influencing the ethics of global trade and production. Citizens can expect greater transparency in how these institutions spend funds.
Key points
The U.S. will oppose loans for projects with a significant risk of using forced labor, especially in China's Xinjiang region.
International financial institutions must explain how they vet projects for forced labor risks and what actions they take to mitigate them.
The U.S. Treasury Department will report annually to Congress and the public on efforts to eliminate forced labor in funded projects.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_7125
Sponsor: Rep. Wexton, Jennifer [D-VA-10]
Process start date: 2024-01-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Funds for Forced Labor Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7125.

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 2024-01-29.

What are the main provisions?

Key points include:

  • The U.S. will oppose loans for projects with a significant risk of using forced labor, especially in China's Xinjiang region.
  • International financial institutions must explain how they vet projects for forced labor risks and what actions they take to mitigate them.
  • The U.S. Treasury Department will report annually to Congress and the public on efforts to eliminate forced labor in funded projects.
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. Wexton, Jennifer [D-VA-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Labor Economy Public Investments