Global Climate Resilience Act of 2026

This bill would let the President reduce debts that certain developing countries owe the United States from past foreign aid loans, if those countries plan to use the freed-up money to prepare for or recover from extreme weather and slow-onset climate disasters. To qualify, a country must be low or middle income or a small island developing state, have a democratically elected government, not engage in a consistent pattern of gross human rights violations, and have such a plan. The President could also sell, reduce, or cancel these loans to support debt-for-resilience swaps and debt buybacks, and could buy a country's privately owned debt at no more than 65 percent of face value. The bill would also direct U.S. representatives at international lenders to advocate for debt relief for these countries and for a World Bank climate insurance program that pays countries after natural disasters.

Full text and official record on Congress.gov

Sponsors

• George Whitesides Democrat sponsor
• 2 cosponsors