This bill would authorize the President to impose economic sanctions against foreign individuals and entities whose actions significantly worsen climate change or contribute to deforestation. The sanctions would target those who knowingly develop inefficient coal power plants, engage in illegal deforestation, misrepresent environmental impacts of projects, or harm environmental defenders and activists. Penalties could include visa denials, asset freezes, and property blocking under existing sanctions authorities. The bill applies to government officials who approve climate-damaging policies and to those who provide financial or material support for such activities. Congress would consider requests from relevant committees and credible information from other countries and nonprofits when determining which foreign persons should face sanctions. The legislation authorizes funding for the Treasury Department's Office of Foreign Assets Control to implement these new sanctions provisions.
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