22 U.S.C. § 262p–4p — Encouragement of fair labor practices

(a) The Treasury Secretary must direct the U.S. representatives at the international financial institutions (as defined in section 262r(c)(2)) to use America's voice and vote to urge each institution to: (1) adopt policies encouraging borrowing countries to guarantee internationally recognized worker rights (as defined in section 2467(4) of title 19) and make the status of these rights a regular part of the institution's policy talks with each borrowing country; (2) base these policies on relevant International Labor Organization conventions — which set out the right to associate and organize, the right to bargain collectively, a ban on forced or compulsory labor, and minimum labor standards adjusted for countries' different development levels, such as a minimum working age for children and acceptable conditions on minimum wage, hours, and workplace safety and health; and (3) set up formal procedures to screen the institution's funded projects and programs for any negative impact on these rights in a borrowing country. (b) By the end of each fiscal year, the Treasury Secretary must report to the House Banking Committee and Senate Foreign Relations Committee on how well each borrowing country guarantees internationally recognized worker rights to its workforce, and on progress toward the goals in subsection (a).