United States 119th Congress Status: In Committee Bipartisan · 1 D · 1 I cosponsors

S 3123 — Sustainable International Financial Institutions Act of 2025

Last action — Read twice and referred to the Committee on Foreign Relations.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced November 06, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (1 D · 1 I) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

2 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends existing law to emphasize supporting clean energy initiatives and prohibits U.S. funding for fossil fuel activities in international financial institutions.

  • 22 U.S.C. § 262c

    TITLE XX--CLEAN ENERGY AND CLIMATE JUSTICE SEC. 2001. CLEAN ENERGY AND CLIMATE JUSTICE. (a) In General.--The United States Executive Directors at the international financial institutions specified in subsection (c) shall use the voice and vote of the United States in those institutions-- (1) to advance the cause of reducing greenhouse gas emissions and transitioning the global economy to a clean energy economy, including by seeking to channel assistance toward countries and entities that are building clean and sustainable energy systems; (2) to oppose any policy reform, investment, loan, or extension of financial or technical assistance to any country or entity, that is intended to create, or will have the effect of creating, new capacity for, or the expansion of, fossil fuel activity, including-- (A) any such policy reform, investment, loan, or extension of assistance that would support the refurbishment or life extension of existing fossil fuel capacity; or (B) any such investment, loan, or extension of assistance to a country or entity that would necessitate, or is predicated upon, increased fossil fuel capacity outside of the country receiving the investment, loan, or extension of assistance or the country in which the entity operates, as applicable, without regard to whether the activity falls within the portfolio of the international financial institution providing the investment, loan, or extension of assistance; and (3) to support the phasing out of funding for internal combustion engines for passenger vehicles and buses by 2027 in a way that is sustainable and sensitive to communities in need of mobility.

    This addition establishes requirements for U.S. representatives in international financial institutions to prioritize clean energy and restrict support for fossil fuel activities.

  • 22 U.S.C. § 262c

    SEC. 3. PROHIBITION ON FOREIGN ASSISTANCE THAT WOULD SUPPORT FOSSIL FUEL ACTIVITY. The United States may not provide, directly or indirectly (such as through a financial intermediary), any loan, insurance, guarantee, or extension of financial or technical assistance, including policy guidance, to any country or entity for any fossil fuel activity (as defined in section 2001(d) of the International Financial Institutions Act, as added by section 2) or a related infrastructure project, including through the United States International Development Finance Corporation, the Export-Import Bank of the United States, the Trade and Development Agency, the United States Agency for International Development, or the Millennium Challenge Corporation.

    This section explicitly prohibits U.S. government assistance for fossil fuel activities and related projects.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Foreign Relations.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

Show all 545 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors S 3123?
S 3123 is sponsored by Merkley, Jeff (Democratic) and Sanders, Bernard (Independent).
What is the current status of S 3123?
This bill is in committee in the Senate. Introduced November 06, 2025. It must pass committee before a floor vote.
Where can I track S 3123?
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