This bill directs the U.S. Treasury Department to instruct American representatives at international financial institutions to oppose loans for projects that either pose a significant risk of using forced labor or are carried out by state-owned entities in China's Xinjiang region. The legislation defines forced labor broadly to include convict labor and indentured labor under penal sanctions, and requires these financial institutions to explain how they vet projects for forced labor risks and what steps they take to mitigate those risks. The bill responds to Congressional findings that document extensive forced labor in Xinjiang, including reports that the World Bank's private lending body has financed companies involved in campaigns against Uyghur people. Treasury must submit annual reports to Congress for six years detailing any projects approved by international financial institutions where forced labor could be used and describing U.S. efforts to convince other countries to oppose such projects, with an unclassified version made available to the public.