Sustainable International Financial Institutions Act of 2025
About This Bill
Committee
Latest Action · November 7, 2025
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill directs the United States to use its voting power at major international development banks—including the World Bank, Asian Development Bank, and Inter-American Development Bank—to oppose financing for fossil fuel projects and instead promote clean energy investments. The legislation requires the Treasury Department to reduce U.S. contributions to these institutions dollar-for-dollar based on the amount they spend on new fossil fuel capacity, holding the withheld funds in escrow until the institutions stop funding such projects. Additionally, the bill prohibits all U.S. government agencies, including the Export-Import Bank and USAID, from directly or indirectly financing any fossil fuel activities abroad. The measure includes a specific mandate to phase out funding for gas-powered passenger vehicles and buses by 2031, and requires the Treasury to submit annual reports documenting fossil fuel financing by international institutions to ensure accountability.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.