The No Funds for Forced Labor Act directs the U.S. Treasury Secretary to instruct American representatives at international financial institutions—such as the World Bank and International Monetary Fund—to oppose and vote against loans for projects that use or risk using forced labor, with particular focus on entities in China's Xinjiang region. The bill requires these international institutions to document how they vet projects for forced labor risks and what steps they take to prevent it. The Treasury Secretary must submit detailed annual reports to Congress for six years describing any approved projects with potential forced labor concerns and U.S. efforts to convince other countries to reject such projects, with unclassified versions made public. The legislation defines forced labor broadly to include convict labor and indentured labor under penal sanctions, reflecting concerns raised by the International Labour Organization and Congressional investigations about forced labor systems affecting Uyghurs and other Muslim populations in Xinjiang.
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