Sec. 8. Restrictions on use of appropriated funds by international financial institutions for projects that support fossil fuel
171 words·~1 min read·
/bill/117/s/1167/is/section-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Of the unobligated balance of amounts appropriated or otherwise made available for a contribution of the United States to an international financial institution, an amount specified in paragraph
(2)shall be rescinded if the institution provides support for a project that supports the production or use of fossil fuels. The amount specified in this paragraph is an amount the Secretary of the Treasury determines to be equivalent to the amount of support provided by an international financial institution described in paragraph
(1)for a project that supports the production or use of fossil fuels. No amounts appropriated or otherwise made available for a contribution of the United States to an international financial institution may be provided to the institution unless the institution agrees to not use the amount to provide support for any project that supports the production or use of fossil fuels. In this section, the term international financial institution has the meaning given that term in section 1701(c) of the International Financial Institutions Act ( 22 U.S.C. 262r(c) ).
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 8
Restrictions on use of appropriated funds by international financial institutions for projects that support fossil fuel
Cites 1Cited by 0 across 0 sources