This bill requires the Secretary of the Treasury to direct U.S. Executive Directors at international financial institutions (IFIs) to use their voice, vote, and influence to oppose projects that would use, or have a significant risk of using, forced labor . This opposition specifically targets projects carried out by state-owned or heavily state-influenced entities in the Xinjiang Uyghur Autonomous Region of the People's Republic of China. Furthermore, the bill mandates that IFIs provide a project-specific explanation of how they have vetted for forced labor risks and the actions taken to mitigate, track, and reverse those risks. The legislation also includes a reporting requirement, compelling the Secretary of the Treasury to submit annual reports for five years on the implementation of these directives. These reports must detail any IFI-approved projects where forced labor could potentially be used and outline the efforts of U.S. Executive Directors to convince other countries to oppose such projects. The term 'forced labor' is defined by reference to section 307 of the Tariff Act of 1930, including convict and indentured labor under penal sanctions, and the reports, or an unclassified version, must be made publicly available.