,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #iddi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bd1 #bjbf,mr4  
,:itesides 7= himself1 ,mr4 ,ca/51 &    
,mr4 ,lev97 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,=eign     
,affairs1 & 9 addition to ! ,committee  
on ,f9ancial ,s]vices1 = a p]iod to be  
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to provide = debt  
r$uction = develop+ c\ntries = purposes 
( develop+ resili5ce1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,global ,climate ,resili5ce ,act (    
#bjbf4  #b4 ,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 resili5ce     

activities2  7ii7 prev5tative disa/]    
risk r$uction plann+1 includ+           
nature-bas$ solutions2 or  7iii7        
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 & ,indig5\s peoples 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$uction4  7d7
 ,au?ority ,to engage 9                 
debt-=-,resili5ce swaps & debt buybacks 
7#a7 ,loans eligible = sale1 r$uction1  
or cancellation  7,a7 ,debt-=-resili5ce 
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$uce or cancel su* loans
 or portion !re(1 only = ! purpose (    
facilitat+ debt-=-resili5ce swaps4  7ii7
 ,pur*ase ( privately own$ 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-=-resili5ce 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-=-resili5ce 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$1 z ! case may be1 & _! uses =   
debt-=-resili5ce swaps4  7,d7           
,au?orization ( appropriations ,!re are 
au?oriz$ 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 resili5ce 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                
,debt-=-resili5ce swap ,! t]m           
debt-=-resili5ce 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 resili5ce activities4 
7#c7 ,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#d7 ,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#e7 ,resili5ce     
activities ,! t]m resili5ce 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#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  #c4 ,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      
eligible c\ntries ) high vuln]ability to
 extreme wea!r ev5ts & sl[-onset climate
 disa/]s by advocat+ = policies t r$uce 
or re/ructure ! debt load ( ^? c\ntries1
 su* z by facilitat+-- 7#a7 debt        
=giv5ess agreem5ts2  7#b7 debt buybacks2
  7#c7 debt-=-resili5ce & debt-=-nature 
swaps2 &  7#d7 o!r simil> programs4  7b7
 ,def9itions ,9 ?is section3  7#a7      
,eligible c\ntry ,! t]m eligible c\ntry 
means-- 7,a7 a l[ income1 l[]-middle    
income1 or upp]-middle income c\ntry1 z 
det]m9$ by ! ,_w ,bank2 or  7,b7 a small
 isl& develop+ /ate1 z det]m9$ by !     
,unit$ ,nations4  7#b7 ,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#c7 ,o!r t]ms ,! t]ms extreme wea!r    
ev5t & sl[-onset climate disa/] h !     
mean+s giv5 ^? t]ms 9 section #ija ( !  
,=eign ,assi/ance ,act ( #aifa1 z add$  
by section #b4  #d4 ,advocacy =         
int]national climate insurance program  
at ,_w ,bank  7a7 ,9 g5]al ,!           
repres5tatives ( ! ,unit$ ,/ates to !   
,_w ,bank %all use ! voice & vote ( !   
,unit$ ,/ates to advocate = ! e/abli%m5t
 ( a p>ametric int]national climate     

insurance program t provides imm$iate   
f9ancial assi/ance1 9 ! =m ( insurance  
paym5ts1 to eligible c\ntries to meet   
recov]y ne$s foll[+ natural disa/]s4    
7b7 ,elem5ts ,! /ructure & requirem5ts (
 ! program describ$ 9 subsection 7a7    
%all be det]m9$ by ! ,_w ,bank1 b may   
include--  7#a7 paym5ts to-- 7,a7 small 
produc]s & vuln]able sectors affect$ by 
natural disa/]s2 &  7,b7 ! gov]nm5ts (  
memb] c\ntries affect$ by natural       
disa/]s =-- 7i7 program re/oration2     
7ii7 disa/] cleanup2  7iii7 climate     
adaptation2  7iv7 ecosy/em re/oration & 
nature-bas$ solutions2 &  7v7 o!r       
recov]y ef=ts2  7#b7 eligibility crit]ia
 t are comp>able to ! eligibility       
crit]ia = debt r$uction "u section      
#ija7;b7 ( ! ,=eign ,assi/ance ,act (   
#aifa1 z add$ by section #b2  7#c7      
consid]ation ( ! aggregate risk (       
natural disa/]s across eligible c\ntries
 to r$uce premiums2 &  7#d7 support =   
exi/+ int]national climate-relat$       
insurance programs su* z ! ,c>ibbean    

,cata/rophe ,risk ,insurance ,facility4 
7c7 ,def9itions ,9 ?is section3  7#a7   
,eligible c\ntry ,! t]m eligible 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  7#b7 ,natural disa/]  
,! t]m natural disa/] means any         
hurricane1 tornado1 /orm1 flood1 high   
wat]1 w9d-driv5 wat]1 tidal wave1       
tsunami1 e>?quake1 volcanic eruption1   
l&slide1 mudslide1 sn[/orm1 dr\ght1     
fire1 or o!r cata/rophe t causes1 or may
 cause1 sub/antial damage or injury to  
civilian prop]ty or p]sons1 ecosy/ems1  
or s]vices ( ecosy/ems4  7#c7 ,_w ,bank 
,! t]m ,_w ,bank means ! foll[+1        
collectively3 7,a7 ,! ,int]national     
,bank = ,recon/ruction & ,developm5t4   
7,b7 ,! ,int]national ,developm5t       
,association4  7,c7 ,! ,int]national    
,f9ance ,corporation4  7,d7 ,!          
,multilat]al ,inve/m5t ,gu>antee ,ag5cy4