§262p–4p Encouragement of Fair Labor Practices

Summary

The Secretary of the Treasury must tell the United States Executive Directors at international financial institutions to use the U.S. voice and vote to push those institutions to do three things. They must ask borrowing countries to guarantee internationally recognized worker rights and make those rights part of policy talks. They must base those policies on relevant International Labor Organization conventions, covering rights to organize, bans on forced labor, and minimum standards like child‑work ages, wages, hours, and safety. They must also set up formal checks to screen projects for harm to those rights. By the end of each fiscal year, the Secretary must send a report to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate on how each borrowing country protects these worker rights and on progress toward the goals above.