Sec. 5. United States policy with respect to palm oil cultivation abroad
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No Federal funds may be obligated, expended, or otherwise made available for the cultivation or processing of palm oil abroad, unless the Secretary of State certifies that— the program, project, or activity for which such funds are made available will not— contribute to significant loss of native species; disrupt or contaminate natural water sources; reduce local food security; cause the forced displacement of local people; contribute to deforestation; increase greenhouse gas emissions substantially; contribute to human trafficking, forced labor, or child labor; enable wildlife trafficking; or further bureaucratic corruption; and the cultivation or processing is carried out in accordance with the sustainability certification standards specified pursuant to section 3.
The President should instruct the Secretary of the Treasury, acting as the Chairman of the National Advisory Council on International Monetary and Financial Policies, and the United States Executive Director at each international financial institution (as defined in section 1701(c)(2) of the International Financial Institutions Act) to use the voice and vote of the United States to oppose new proposals for palm oil development loans, unless the development of palm oil is to be carried out in accordance with the sustainability certification standards specified pursuant to section 3.
The Secretary of Agriculture shall consult and collaborate with the Secretary of State and the Administrator of the Agency for International Development in carrying out activities under this Act relating to palm oil cultivation and development in other countries.