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119-s-3123119th CongressWALLET

Sustainable International Financial Institutions Act of 2025

Sponsored By: Senator Merkley, Jeff [D-OR]

Introduced

Summary

Ending U.S. support for international fossil fuel expansion and redirecting finance toward clean energy. The bill tells U.S. officials at a set list of international financial institutions to push loans and policy toward greenhouse gas reductions, ties U.S. contributions to those institutions to their fossil-fuel lending, and bars U.S. foreign assistance for fossil fuel activities.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 1 costs, 1 mixed.

Withhold U.S. payments for fossil lending

If enacted, Treasury would each year measure how much each listed bank financed new fossil fuel capacity the prior fiscal year. The United States contribution to that bank would be cut by that dollar amount and placed in an escrow account. Treasury must report to Congress within 120 days after each escrow deposit and yearly until funds are released. Escrowed funds would only be returned after the Secretary certifies the bank stopped providing investments, loans, or assistance that create new fossil fuel capacity. The bill defines "fossil fuel" and "fossil fuel activity" for these determinations.

U.S. pushes international banks to clean energy

This bill would direct U.S. Executive Directors at named international banks to use the U.S. vote and voice to reduce greenhouse gas emissions and shift lending to clean energy. They would oppose loans, policy changes, or assistance that create or expand new fossil fuel capacity. The bill would also push to end funding for internal combustion engines for passenger vehicles and buses by 2027, while being sensitive to mobility needs in vulnerable communities. These voting rules would apply to a list of 12 named multilateral and regional banks.

Ban U.S. support for fossil projects

This bill would bar the United States from providing loans, insurance, guarantees, or technical or policy assistance for any fossil fuel activity or related infrastructure. The ban would apply whether help is given directly or indirectly, including through financial intermediaries. It would explicitly cover support delivered through DFC, the Export-Import Bank, the Trade and Development Agency, USAID, and the Millennium Challenge Corporation.

Sponsors & CoSponsors

Sponsor

Merkley, Jeff [D-OR]

OR • D

Cosponsors

  • Sen. Sanders, Bernard [I-VT]

    VT • I

    Sponsored 11/6/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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