arrow_back Back to App

US Ends Foreign Fossil Fuel Funding: Pushing Global Clean Energy Transition.

This law mandates that the United States use its influence in major international development banks to halt all funding for new fossil fuel projects globally. US taxpayer money will be redirected away from supporting foreign coal, oil, and gas investments toward developing clean and sustainable energy systems worldwide. Furthermore, US foreign aid agencies are prohibited from providing assistance for any fossil fuel activity.
Key points
The US will vote against all new loans and investments by international financial institutions that support the extraction, processing, or expansion of fossil fuels (coal, oil, gas).
If an international bank funds new fossil fuel capacity, the US will withhold its contribution and place the funds in an escrow account until the bank changes its policy.
US foreign aid agencies are banned from providing loans, insurance, or technical assistance for any foreign fossil fuel projects.
The US will support the global phasing out of funding for internal combustion engines in passenger vehicles and buses by 2031.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5952
Sponsor: Rep. Huffman, Jared [D-CA-2]
Process start date: 2025-11-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Sustainable International Financial Institutions Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5952.

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 2025-11-07.

What are the main provisions?

Key points include:

  • The US will vote against all new loans and investments by international financial institutions that support the extraction, processing, or expansion of fossil fuels (coal, oil, gas).
  • If an international bank funds new fossil fuel capacity, the US will withhold its contribution and place the funds in an escrow account until the bank changes its policy.
  • US foreign aid agencies are banned from providing loans, insurance, or technical assistance for any foreign fossil fuel projects.
  • The US will support the global phasing out of funding for internal combustion engines in passenger vehicles and buses by 2031.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Environment Economy Public Investments