Sec. 112. Negotiations to establish international quality infrastructure investment standards
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The President, acting through the Secretary of State and in coordination with the heads of other relevant Federal agencies, shall build upon efforts of the G20 and initiate a multi-stakeholder initiative that brings together governments, the private sector, and civil society to encourage the adoption of trusted standards for quality global infrastructure development in an open and inclusive framework, including with respect to the following issues: Respect for the sovereignty of countries in which infrastructure investments are made.
Anti-corruption. Rule of law. Human rights and labor rights. Fiscal and debt sustainability. Social and governance safeguards. Transparency. Environmental and energy standards, including support for high-quality carbon-neutral energy infrastructure promoting new and renewable technologies, including wind and solar and commitments to reduce particulate pollution and greenhouse gas emissions. It is the sense of Congress that the United States should immediately launch a series of fora around the world showcasing the commitment of the United States and partners of the United States to high-quality development cooperation, including with respect to the issues as described in subsection (a).
Not later than one year after the date of the enactment of this Act, the President shall submit to the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives a briefing on the progress of any negotiations conducted under subsection (a).