Global Climate Resilience Act of 2025

This bill would let the President reduce debt 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 a low or middle income country or a small island developing state, have a democratically elected government, not engage in a consistent pattern of gross human rights violations, and have a resilience plan. The President could also sell, reduce, or cancel these loans to support debt-for-resilience swaps and debt buybacks, and buy private debt of eligible countries at no more than 65 percent of face value. The bill also directs U.S. representatives at international financial institutions to support debt relief for these countries and to advocate for a World Bank climate insurance program that pays countries after natural disasters.

Full text and official record on Congress.gov

Sponsors

• Peter Welch Democrat sponsor
• 1 cosponsors