,,ii  #aah? ,,congress  #b;d ,session   
,s4 #efag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #ai           
7legislative day1 ,decemb] #af71 #bjbd  
,mr4 ,wel* introduc$ ! foll[+ bill2 :i* 
0 read twice & ref]r$ to ! ,committee on
 ,=eign ,relations  ,a ,,bill  ,to      
provide = debt r$uction = develop+      
c\ntries = purposes ( climate           
adaptation1 & = o!r purposes4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,global
 ,climate ,resili5ce ,act ( #bjbd4  #b4 
,expansion ( debt r$uction "u ,tropical 
,=e/ & ,coral ,reef ,cons]vation ,act ( 
#aiih  7a7 ,expansion ( eligibility     
7#a7 ,def9ition ( cov]$ c\ntry ,p>agraph
 7#e7 ( section #hjc ( ! ,tropical ,=e/ 
& ,coral ,reef ,cons]vation ,act ( #aiih
 7#bb ,u4,s4,c4 #bdca;a7 is am5d$ to    
read z foll[s3  7#e7 ,cov]$ c\ntry ,!   
t]m cov]$ c\ntry means-- 7,a7 a l[      
income1 l[]-middle income1 or           
upp]-middle income c\ntry1 z det]m9$ by 
! ,_w ,bank2 or  7,b7 a small isl&      
develop+ /ate1 z det]m9$ by ! ,unit$    

,nations4  4  7#b7 ,eligibility =       
b5efits ,section #hje7;a7 ( ! ,tropical 
,=e/ & ,coral ,reef ,cons]vation ,act ( 
#aiih 7#bb ,u4,s4,c4 #bdca;c7a77 is     
am5d$ by /rik+ develop+ c\ntry & ins]t+ 
cov]$ c\ntry4  7b7 ,cons]vation         
agreem5ts  7#a7 ,prioritization (       
projects & activities ,section          
#hji7;e77#b7 ( ! ,tropical ,=e/ & ,coral
 ,reef ,cons]vation ,act ( #aiih 7#bb   
,u4,s4,c4 #bdca;g7e77#b77 is am5d$ by   
ins]t+ & to activities t are also aim$  
at r$uc+ g5d]1 income1 & social         
inequalities aft] plann+ & execution4   
7#b7 ,adm9i/]+ body ,section            
#hji7;c77#b77;,a77iii7 ( ! ,tropical    
,=e/ & ,coral ,reef ,cons]vation ,act ( 
#aiih 7#bb ,u4,s4,c4                    
#bdca;g7c77#b77;,a77iii77 is am5d$--    
7,a7 by /rik+ a broad range (2  7,b7 9  
subp>agraph 7,i71 by ins]t+ a broad     
range ( aft] 7,i72  7,c7 9 subp>agraph  
7,,ii7-- 7i7 by ins]t+ a broad range (  
aft] 7,,ii72 &  7ii7 by /rik+ 2 & &     
ins]t+ a semicolon2  7,d7 9 subp>agraph 

7,,iii7--  7i7 by ins]t+ a broad range (
 aft] 7,,iii72 &  7ii7 by /rik+ ! p]iod 
at ! end & ins]t+ 2 &2 &  7,e7 by add+  
at ! end ! foll[+ new subp>agraph3  7aa7
 ! b5efici>y community or communities4  
4  7#c7 ,review ( l>g] grants ,section  
#hji7;f7 ( ! ,tropical ,=e/ & ,coral    
,reef ,cons]vation ,act ( #aiih 7#bb    
,u4,s4,c4 #bdca;g7f77 is am5d$ by /rik+ 
#bej1jjj & ins]t+ #a1jjj1jjj4  7c7      
,fund+ = r$uction ( debt  7#a7          
,au?orization ( appropriations ,section 
#hjf7;d7 ( ! ,tropical ,=e/ & ,coral    
,reef ,cons]vation ,act ( #aiih 7#bb    
,u4,s4,c4 #bdca;d7d77 is am5d$ by /rik+ 
au?oriz$ to be appropriat$ to !         
,presid5t ! foll[+3 & all t foll[s ?r\gh
 ! p]iod at ! end ( p>agraph 7#ac7 &    
ins]t+ au?oriz$ to be appropriat$ su*   
sums z may be necess>y44  7#b7 ,use (   
funds ,to conduct program audits1       
evaluations1 monitor+1 & adm9i/ration   
,section #hjf7;e7 ( ! ,tropical ,=e/ &  
,coral ,reef ,cons]vation ,act ( #aiih  
7#bb ,u4,s4,c4 #bdca;d7e77 is am5d$ by  

/rik+ ,( ! am\nts & all t foll[s ?r\gh  
#cjj1jjj is au?oriz$ to be made         
available & ins]t+ ,"o & "o-half 7#a4e7 
p]c5t ( ! am\nts made available to c>ry 
out ?is "p = a fiscal ye> is au?oriz$ to
 be made available4  #c4 ,debt r$uction 
= c\ntries vuln]able to effects (       
extreme wea!r ev5ts & sl[-onset disa/]s 
,! ,=eign ,assi/ance ,act ( #aifa 7#bb  
,u4,s4,c4 #baea et seq47 is am5d$ by    
add+ at ! end ! foll[+3  ,,vi ,debt     
r$uction = c\ntries vuln]able to effects
 ( climate *ange  #ija4 ,debt r$uction =
 c\ntries vuln]able to effects ( extreme
 wea!r ev5ts & sl[-onset disa/]s  7a7   
,purposes ,! purposes ( ?is section     
are-- 7#a7 to support ! ability (       
c\ntries to adapt to effects ( extreme  
wea!r ev5ts & sl[-onset climate disa/]s2
 &  7#b7 to ensure t res\rces fre$ f    
debt 9 su* c\ntries are t>get$ to       
develop+ resili5ce to ! effects (       
climate *ange4  7b7 ,eligibility =      
b5efits  7#a7 ,9 g5]al ,a c\ntry is     
eligible = b5efits "u ?is section if !  

,presid5t det]m9es t--  7,a7 ! c\ntry   
is-- 7i7 a l[ income1 l[]-middle income1
 or upp]-middle income c\ntry1 z det]m9$
 by ! ,_w ,bank2 or  7ii7 a small isl&  
develop+ /ate1 z det]m9$ by ! ,unit$    
,nations2  7,b7 ! gov]nm5t ( ! c\ntry is
 democratically elect$2  7,c7 ! gov]nm5t
 ( ! c\ntry 7includ+ its milit>y or o!r 
security =ces7 does n engage 9 a        
consi/5t patt]n ( gross violations (    
int]nationally recogniz$ human rights2 &
  7,d7 ! gov]nm5t ( ! c\ntry has        
develop$ a plan to use ! b5efits made   
available "u ?is section to conduct--   
7i7 climate adaptation activities2 or   
7ii7 activities to recov] f extreme     
wea!r ev5ts or sl[-onset climate        
disa/]s4  7#b7 ,congressional           
notification ,n less ?an #ae days be=e  
=mally det]m9+ "u p>agraph 7#a7 t a     
c\ntry is eligible = b5efits "u ?is     
section1 ! ,presid5t %all notify !      
appropriate congressional committees (  
int5tion ( ! ,presid5t to det]m9e t !   
c\ntry is eligible = su* b5efits4  7#c7 

,pref]5ces ,9 provid+ b5efits "u ?is    
section1 pref]5ce %all be giv5 to       
c\ntries ) plans describ$ 9 p>agraph    
7#a77;,d7 t--  7,a7 involve local       
communities 9 ! plann+ & execution (    
activities describ$ 9 t p>agraph2 &     
7,b7 aim to r$uce g5d]1 income1 & social
 inequalities ?r\gh su* activities4  7c7
 ,r$uction ( debt ow$ to ,unit$ ,/ates z
 result ( c]ta9 loans  7#a7 ,au?ority to
 r$uce debt  7,a7 ,au?ority ,! ,presid5t
 may r$uce ! am\nt ow$ to ! ,unit$      
,/ates 7or any ag5cy ( ! ,unit$ ,/ates7 
z a result ( loans made to an eligible  
c\ntry by ! ,unit$ ,/ates "u "p ,i ( ?is
 ,act1 *apt] #d ( "p ,,ii ( ?is ,act1 or
 pr$ecessor =eign economic assi/ance    
legislation4  7,b7 ,au?orization (      
appropriations ,!re are au?oriz$ to be  
appropriat$ to ! ,presid5t su* sums z   
may be necess>y to c>ry out ?is         
subsection4  7,c7 ,c]ta9 prohibitions   
inapplicable  7i7 ,9 g5]al ,a r$uction (
 debt pursuant to ?is subsection %all n 
be consid]$ assi/ance = purposes ( any  

provision ( law limit+ assi/ance to a   
c\ntry4  7ii7 ,nonapplicability ( c]ta9 
re/rictions ,! au?ority ( ?is subsection
 may be ex]cis$ not)/&+ section #fbj7r7 
( ?is ,act or section #cba ( !          
,int]national ,developm5t & ,food       
,assi/ance ,act ( #aige 7,public ,law   
#id-afa2 #bb ,u4,s4,c4 #bbbj;a note74   
7#b7 ,implem5tation ( debt r$uction     
7,a7 ,9 g5]al ,any debt r$uction        
pursuant to p>agraph 7#a7 %all be       
accompli%$ at ! direction ( ! ,presid5t 
by ! ex*ange ( a new obligation =       
obligations ( ! type ref]r$ to 9 t      
p>agraph4  7,b7 ,ex*ange ( obligations  
7i7 ,notification ,! ,presid5t %all     
notify ! ag5cy prim>ily responsible =   
adm9i/]+ "p ,i ( ?is ,act 7#bb ,u4,s4,c4
 #baea et seq47 ( an agreem5t ent]$ into
 "u subp>agraph 7,a7 ) a c\ntry to      
ex*ange a new obligation = out/&+       
obligations4  7ii7 ,cancellation &      
issuance ( new debt ,at ! direction ( ! 
,presid5t1 ! old obligations t are !    
subject ( ! agreem5t ent]$ into "u      

subp>agraph 7,a7 %all be cancel$ & a new
 debt obligation = ! c\ntry %all be     
e/abli%$ relat+ to ! agreem5t1 & ! ag5cy
 prim>ily responsible = adm9i/]+ "p ,i (
 ?is ,act %all make an adju/m5t 9 its   
acc\nts to reflect ! debt r$uction4  7d7
 ,au?ority ,to engage 9 debt-=-,climate 
adaptation swaps & debt buybacks  7#a7  
,loans eligible = sale1 r$uction1 or    
cancellation  7,a7 ,debt-=-climate      
adaptation swaps  7i7 ,sale1 r$uction1 &
 cancellation ,not)/&+ any o!r provision
 ( law1 ! ,presid5t may1 9 accordance ) 
?is subsection1 sell to any eligible    
pur*as] describ$ 9 subp>agraph 7,b7     
loans describ$ 9 subsection             
7c77#a77;,a71 or on receipt ( paym5t f  
su* a pur*as]1 r$uce or cancel su* loans
 or portion !re(1 only = ! purpose (    
facilitat+ debt-=-climate adaptation    
swaps4  7ii7 ,pur*ase ( privately own$  
debt  7,i7 ,9 g5]al ,! ,presid5t may1 9 
accordance ) ?is subsection1 pur*ase    
privately own$ debt ( an eligible       
c\ntry1 if t debt is pur*as$ = n m ?an  

#fe p]c5t ( ! face value ( ! debt1 = !  
purpose ( facilitat+ debt-=-climate     
adaptation swaps4  7,,ii7 ,use ( proce$s
 ,not)/&+ section #ccjb ( title #ca1    
,unit$ ,/ates ,code1 ! proce$s ( any    
pur*ase "u subclause 7,i7--  7aa7 %all  
be cr$it$ z (fsett+ collections to !    
acc\nt t f9ances ! activities "u ?is    
section2  7bb7 %all be available =      
exp5diture only to pay ! co/s (         
activities "u ?is section2 &  7cc7 %all 
rema9 available until exp5d$4  7,b7     
,eligible pur*as] describ$ ,a loan may  
be sold1 r$uc$1 or cancel$ "u           
subp>agraph 7,a7 only to a pur*as] t    
pres5ts plans satisfactory to !         
,presid5t = us+ ! loan = ! purpose (    
engag+ 9 debt-=-climate adaptation      
swaps4  7,c7 ,consultation requirem5t   
,be=e ! sale "u subp>agraph 7,a77i7 to  
any eligible pur*as] describ$ 9         
subp>agraph 7,b71 or any r$uction or    
cancellation "u subp>agraph 7,a77i71 (  
any loan made to an eligible c\ntry1 &  
be=e ! pur*ase ( privately own$ debt "u 

subp>agraph 7,a77ii71 ! ,presid5t %all  
consult ) ! c\ntry conc]n+ ! am\nt (    
loans to be sold1 r$uc$1 or cancel$1 or 
debt to be pur*as$1 z ! case may be1 &  
_! uses = debt-=-climate adaptation     
swaps4  7,d7 ,au?orization (            
appropriations ,!re are au?oriz$ to be  
appropriat$ to ! ,presid5t su* sums z   
may be necess>y to c>ry out ?is         
subsection4  7#b7 ,debt buybacks        
,not)/&+ any o!r provision ( law1 !     
,presid5t may1 9 accordance ) ?is       
subsection1 sell to any eligible c\ntry 
any loans describ$ 9 subsection         
7c77#a77;,a7 or on receipt ( paym5t f an
 eligible c\ntry1 r$uce or cancel su*   
loans or portion !re(1 only = ! purpose 
( facilitat+ a debt buyback by an       
eligible c\ntry ( its own qualifi$ debt 
9 ord] to support climate adaptation    
activities4  7#c7 ,t]ms & conditions    
,not)/&+ any o!r provision ( law1 !     
,presid5t %all1 9 accordance ) ?is      
subsection1 e/abli% ! t]ms & conditions 
"u :i* loans may be sold1 r$uc$1 or     

cancel$ pursuant to ?is subsection4     
7#d7 ,deposit ( proce$s ,! proce$s f !  
sale1 r$uction1 or cancellation ( any   
loan sold1 r$uc$1 or cancel$ pursuant to
 ?is subsection %all be deposit$ 9 !    
,unit$ ,/ates ,gov]nm5t acc\nt or       
acc\nts e/abli%$ = ! repaym5t ( ! loan4 
7e7 ,consultations ) ,congress ,!       
,presid5t %all consult ) ! appropriate  
congressional committees on a p]iodic   
basis to review ! op]ation ( ?is section
 & ! eligibility ( c\ntries = b5efits "u
 ?is section4  7f7 ,annual reports to   
,congress  7#a7 ,9 g5]al ,n lat] ?an    
,april #ae ( ea* ye>1 ! ,presid5t %all  
prep>e & submit to ,congress an annual  
report conc]n+ ! op]ation ( ?is section 
dur+ ! prec$+ cal5d> ye>4  7#b7 ,elem5ts
 ,ea* report requir$ by p>agraph 7#a7   
%all include--  7,a7 a description ( !  
activities und]tak5 "u ?is section dur+ 
! prec$+ cal5d> ye>2 &  7,b7 a          
description ( any agreem5t ent]$ into "u
 ?is section4  7g7 ,def9itions ,9 ?is   
section3 7#a7 ,appropriate congressional

 committees ,! t]m appropriate          
congressional committees means--  7,a7 !
 ,committee on ,=eign ,relations & !    
,committee on ,appropriations ( !       
,s5ate2 &  7,b7 ! ,committee on ,=eign  
,affairs & ! ,committee on              
,appropriations ( ! ,h\se (             
,repres5tatives4  7#b7 ,climate         
adaptation activities ,! t]m climate    
adaptation activities means activities  
und]tak5 to make *anges to processes1   
practices1 or /ructures t mod]ate       
pot5tial damage f haz>d\s ev5ts1 tr5ds1 
or di/urbances associat$ ) extreme wea!r
 ev5ts & sl[-onset climate disa/]s4     
7#c7 ,debt-=-climate adaptation swap ,! 
t]m debt-=-climate adaptation swap means
 ! r$uction ( am\nts ow$ to ! ,unit$    
,/ates 7or any ag5cy ( ! ,unit$ ,/ates7 
by an eligible c\ntry 9 ex*ange = !     
commitm5t ( t c\ntry to conduct climate 
adaptation activities4  7#d7 ,eligible  
c\ntry ,! t]m eligible c\ntry means a   
c\ntry det]m9$ "u subsection 7b7 to be  
eligible = b5efits "u ?is section4  7#e7

 ,extreme wea!r ev5t ,! t]m extreme     
wea!r ev5t means an occurr5ce (         
unusually sev]e wea!r or climate        
conditions t c cause deva/at+ impacts on
 communities & agricultural & natural   
ecosy/ems4  7#f7 ,sl[-onset climate     
disa/] ,! t]m sl[-onset climate disa/]  
means an ev5t t evolves gradually f     
increm5tal *anges occurr+ ov] _m ye>s or
 f an increas$ frequ5cy or int5sity (   
recurr+ ev5ts1 su* z sea-level rise1    
loss ( biodiv]sity1 des]tification1     
increas+ temp]atures1 or ocean          
acidification4  4  #d4 ,support by      
int]national f9ancial in/itutions =     
r$uc+ debt load ( c\ntries ) high       
vuln]ability to extreme wea!r ev5ts &   
sl[-onset climate disa/]s  7a7 ,9 g5]al 
,! ,unit$ ,/ates ,executive ,directors  
at ! int]national f9ancial in/itutions  
%all use ! voice & vote ( ! ,unit$      
,/ates 9 ^? in/itutions to support      
c\ntries ) high vuln]ability to extreme 
wea!r ev5ts & sl[-onset climate disa/]s 
by advocat+ = policies t r$uce or       

re/ructure ! debt load ( ^? c\ntries1   
su* z by facilitat+--  7#a7 debt        
=giv5ess agreem5ts2  7#b7 debt buybacks2
  7#c7 debt-=-climate & debt-=-nature   
swaps2 &  7#d7 o!r simil> programs4  7b7
 ,def9itions ,9 ?is section3 7#a7       
,int]national f9ancial in/itution ,! t]m
 int]national f9ancial in/itution means 
ea* ( ! foll[+3  7,a7 ,! ,int]national  
,monet>y ,fund4  7,b7 ,! ,int]national  
,bank = ,recon/ruction & ,developm5t4   
7,c7 ,! ,int]national ,developm5t       
,association4  7,d7 ,! ,int]national    
,f9ance ,corporation4  7,e7 ,!          
,multilat]al ,inve/m5t ,gu>antee ,ag5cy4
  7,f7 ,! ,african ,developm5t ,fund4   
7,g7 ,! ,african ,developm5t ,bank4     
7,h7 ,! ,asian ,developm5t ,fund4  7,i7 
,! ,asian ,developm5t ,bank4  7,j7 ,!   
,european ,bank = ,recon/ruction &      
,developm5t4  7,k7 ,! ,int]-,am]ican    
,developm5t ,bank 79 ?is section ref]r$ 
to z ,,idb74  7,l7 ,,idb ,inve/4  7,m7  
,! ,nor? ,am]ican ,developm5t ,bank4    
7#b7 ,o!r t]ms ,! t]ms extreme wea!r    

ev5t & sl[-onset climate disa/] has !   
mean+s giv5 ^? t]ms 9 section #ija ( !  
,=eign ,assi/ance ,act ( #aifa1 z add$  
by section #c4