,,ii  #aafth ,,congress  #b;d ,session  
,s4 #dhcd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,october #ba   
7legislative day1 ,october #ai71 #bjbj  
,mr4 ,merkley introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,foreign ,relations
  ,a ,,bill  ,to require the use of the 
voice and vote of the ,united ,states in
 international financial institutions to
 advance the cause of transitioning the 
global economy to a clean energy economy
 and to prohibit ,united ,states        
,government assistance to countries or  
entities to support fossil fuel         
activity1 and for other purposes4  #a4  
,short title ,this ,act may be cited as 
the ,sustainable ,international         
,financial ,institutions ,act of #bjbj4 
#b4 ,clean energy and climate justice at
 international financial institutions   
,the ,international ,financial          
,institutions ,act 7#bb ,u4,s4,c4 #bfb;c
 et seq47 is amended by adding at the   
end the following3  ,,xx ,clean energy  

and climate justice  #bjja4 ,clean      
energy and climate justice  7a7 ,in     
general ,the ,united ,states ,executive 
,directors of the international         
financial institutions specified in     
subsection 7c7 shall use the voice and  
vote of the ,united ,states in those    
institutions-- 7#a7 to advance the cause
 of reducing carbon emissions and       
transitioning the global economy to a   
clean energy economy1 including by      
seeking to channel assistance toward    
countries and entities that are building
 clean and sustainable energy systems2  
and  7#b7 to oppose any loan or         
extension of financial or technical     
assistance to any country or entity to  
create new capacity for fossil fuel     
activity4  7b7 ,reduction in            
contributions ,the ,secretary of the    
,treasury shall reduce the contribution 
of the ,united ,states to an            
international financial institution     
specified in subsection 7c7 in a fiscal 
year by the amount of any loans or      

extensions of financial or technical    
assistance provided by the institution  
to any country or entity to create new  
capacity for fossil fuel activity during
 that fiscal year4  7c7 ,international  
financial institutions specified ,the   
international financial institutions    
specified in this subsection are the    
following3 7#a7 ,the ,international     
,bank for ,reconstruction and           
,development4  7#b7 ,the ,international 
,development ,association4  7#c7 ,the   
,international ,finance ,corporation4   
7#d7 ,the ,multilateral ,investment     
,guarantee ,agency4  7#e7 ,the ,african 
,development ,fund4  7#f7 ,the ,african 
,development ,bank4  7#g7 ,the ,asian   
,development ,fund4  7#h7 ,the ,asian   
,development ,bank4  7#i7 ,the ,european
 ,bank for ,reconstruction and          
,development4  7#aj7 ,the               
,inter-,american ,development ,bank4    
7#aa7 ,the ,inter-,american ,development
 ,bank ,invest4  7#ab7 ,the ,north      
,american ,development ,bank4  7d7      

,definitions ,in this section3  7#a7    
,fossil fuel activity ,the term fossil  
fuel activity means the exploration1    
development1 mining or production1      
processing1 refining1 transportation    
7including pipelines transporting gas1  
oil1 or products thereof71 distribution1
 or marketing of1 or the construction or
 operation of plants for the processing 
or refining of1 coal1 petroleum1 natural
 gas1 or any derivative of coal1        
petroleum1 or natural gas that is used  
for fuel4  7#b7 ,fossil fuel resource   
7,a7 ,in general ,the term fossil fuel  
resource means all forms of coal1 oil1  
and gas4  7,b7 ,inclusions ,the term    
fossil fuel resource includes-- 7i7     
bitumen from oil sands2  7ii7 kerogen   
from oil shale2  7iii7 liquids          
manufactured from coal2  7iv7 coal bed  
methane2  7v7 methane hydrates2  7vi7   
light oil derived from shale or other   
formations2  7vii7 natural gas liquids2 
and  7viii7 all conventionally and      
unconventionally produced hydrocarbons4 

4  #c4 ,prohibition on foreign          
assistance that would support fossil    
fuel activity ,the ,united ,states may  
not provide any loan1 insurance1        
guarantee1 or extension of financial or 
technical assistance to any country or  
entity for any fossil fuel activity 7as 
defined in section #bjja7;d7 of the     
,international ,financial ,institutions 
,act1 as added by section #b71 including
 through the ,united ,states            
,international ,development ,finance    
,corporation1 the ,export-,import ,bank 
of the ,united ,states1 the ,trade and  
,development ,agency1 the ,united       
,states ,agency for ,international      
,development1 or the ,millennium        
,challenge ,corporation4