Federal HB7516 mandates the U.S. to oppose international financial institution loans for projects using forced labor.
Federal HB7516, the No Funds for Forced Labor Act, requires the Secretary of the Treasury to instruct U.S. Executive Directors at international financial institutions to oppose loans for projects using forced labor. This includes projects in the Xinjiang Uyghur Autonomous Region of China. The bill also mandates annual reports on these efforts and defines forced labor to include convict and indentured labor under penal sanctions. The act aims to prevent funding for projects that risk using forced labor globally.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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