No Funds for Forced Labor Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, No Funds for Forced Labor Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Foreign Policy, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H79C6FB26557B4BA1BA9010F27F3D5851: 1. Short title This Act may be cited as the No Funds for Forced Labor Act.
- Section HB64E9DF6CB044AD1B452B7ED65C8FB94: 2. Findings Congress makes the following findings: The International Labour Organization has expressed deep concern about the extensive use of forced labor in...
- Section HEA8BAF238CF841E88707BBC81C22B1AB: 3. Sense of Congress It is the sense of Congress that— international financial institutions should not fund, finance, or provide loan guarantees to any entity...
- Section H48388CB649824688BD7709E52D25F32F: 4. United States opposition to international financial institution loans for projects that would use, or have a significant risk of using, forced labor Title...
- Section HA89EB6AE541B4BD0BA452175115FF6DD: 706. United States opposition to loans for projects that would use, or have a significant risk of using, forced labor The Secretary of the Treasury shall...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, No Funds for Forced Labor Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Foreign Policy, Government Operations
Primary Purpose
This bill, No Funds for Forced Labor Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Financial Services.
Introduced in House
Mr. Subramanyam (for himself, Mr. Nunn of Iowa, Mr. Krishnamoorthi, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology