Sustainable International Financial Institutions Act of 2025

This bill would direct U.S. representatives at 12 international development banks, including the World Bank and regional development banks, to vote to reduce greenhouse gas emissions and to oppose loans, investments, or aid that create or expand fossil fuel activity. It would also direct them to support ending funding for gas and diesel engines in passenger vehicles and buses by 2027. Each year, the Treasury Secretary would cut U.S. contributions to each bank by the amount that bank spent on new fossil fuel capacity, hold that money in an escrow account, and release it only after certifying the bank has stopped such funding. The bill would also bar U.S. agencies, such as the Export-Import Bank and the Development Finance Corporation, from providing loans, insurance, guarantees, or other assistance for fossil fuel activity abroad.

Full text and official record on Congress.gov

Sponsors

• Jeff Merkley Democrat sponsor
• 1 cosponsors