Directs U.S. Opposition to Forced Labor Loans
No Funds for Forced Labor Act
Would require the Treasury to instruct U.S. officials at international lenders to oppose loans for projects with significant forced labor risk. The bill would also require yearly reports for five years.
Supporters say
Human rights groups would likely say this uses U.S. influence to keep abuse-linked projects from getting funding. Supporters would argue lenders should face clearer checks for forced labor.
Critics say
Some international finance groups would likely say the rules add delays and costs to lending. They may also argue that U.S. officials should not push other countries' votes.
Why it matters
Projects using forced labor could receive fewer international loans, and lenders would have to publicly explain their checks for forced labor risks. The bill would not directly ban any loan.
What it does
- Tells U.S. officials at international lenders to vote against loans for projects that pose a significant risk of forced labor
- Targets projects run by state-owned or state-influenced entities in Xinjiang, China
- Requires lenders to explain how they checked each project for forced labor risks
- Requires the Treasury to report on this effort each year for five years
Status
Latest action (2026-02-11): Referred to the House Committee on Financial Services.