H.R.2969 - Ecosystem and Indigenous Peoples Protection Act106th Congress (1999-2000)
|Sponsor:||Rep. Cox, Christopher [R-CA-47] (Introduced 09/29/1999)|
|Committees:||House - Banking and Financial Services|
|Latest Action:||10/08/1999 Referred to the Subcommittee on Domestic and International Monetary Policy.|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: H.R.2969 — 106th Congress (1999-2000)All Bill Information (Except Text)
Ecosystem and Indigenous Peoples Protection Act - Expresses congressional pleasure that the institutions of the World Bank Group have adopted environmental assessment and information access procedures, but states the sense of Congress that the World Bank Group has not made significant progress in complying with environmental and social mandates.
Introduced in House (09/29/1999)
Amends the International Financial Institutions Act to provide that no U.S. funds may be made available to the World Bank Group: (1) if a determination is made that the use of any part of the funds will have a significant adverse environmental impact, or will violate an environmental or social policy of the World Bank Group; (2) if there is significant involuntary resettlement (with an exception); or (3) if a 'pay-for-performance policy' (requiring pay reduction or termination of employees involved in projects violating environmental or social policies) has not been implemented.
Requires the Secretary of the Treasury to instruct U.S. executive directors in the World Bank Group to use their influence to achieve funding conditions.
Provides for enforcement through payment reductions. Calls for public release of information on non- complying projects.
Describes the scope of World Bank Group environmental and social policies to include, among other matters, environmental assessment, pest management, safety of dams, cultural property and indigenous peoples.