No Funds for Forced Labor Act

This bill directs the U.S. Treasury to instruct American representatives at international financial institutions (like the World Bank) to oppose loans for projects that risk using forced labor or involve state entities in Xinjiang. It requires these institutions to explain how they vet projects for forced labor risks and outline mitigation steps. The Treasury must also submit annual reports to Congress detailing any projects with potential forced labor risks and U.S. efforts to block such funding. The bill applies specifically to projects where forced labor is a significant risk or linked to Xinjiang's state entities, using definitions from existing U.S. law.