; and (2) the United States should work with allies, partners, and all countries around the globe to eliminate forced labor and ensure that international financial institutions do not fund projects that use forced labor. 4. United States opposition to international financial institution loans for projects that would use, or have a significant risk of using, forced labor (a) In general Title VII of the International Financial Institutions Act ( 22 U.S.C. 262d , 262c note, 262e, and 262d note) is amended by adding at the end the following: 706. United States opposition to loans for projects that would use, or have a significant risk of using, forced labor (a) In general The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2)) to use the voice, vote, and influence of the United States, to the maximum extent practicable, to— (1) oppose the provision of a loan to any project that will— (A) pose a significant risk of using forced labor; or (B) be carried out by a state-owned or heavily state-influenced entity in the Xinjiang Uyghur Autonomous Region; and (2) require the institution to provide, with respect to each project supported by the institution, an explanation, specific to the project, of— (A) how the institution has vetted the project for forced labor risks; and (B) the actions taken to mitigate, track, and reverse that risk. (b) Definition of forced labor In this section, the term forced labor — (1) has the meaning given the term in section 307 of the Tariff Act of 1930 ( 19 U.S.C. 1307 )