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This bill requires the Secretary of the Treasury to instruct U.S. Executive Directors at international financial institutions to oppose loans for projects that pose a significant risk of using forced labor or are carried out by state-owned or state-influenced entities in China's Xinjiang region. The bill also requires these institutions to provide detailed explanations of how they vet projects for forced labor risks and what actions they take to mitigate such risks. The Treasury Secretary must submit annual reports to Congress for six years detailing any approved projects with potential forced labor concerns and U.S. efforts to convince other countries to oppose such projects.
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