Lets developing countries reduce debt to fight extreme weather and climate disasters.
This bill would help developing countries reduce their debt to the U.S. This would let them better prepare for and recover from extreme weather and climate disasters. It would also push for global financial groups to offer more debt relief and create a climate insurance program.
Today, the U.S. does not have specific laws allowing debt reduction for developing countries tied directly to climate resilience efforts, nor does it mandate advocacy for a global climate insurance program. If this bill becomes law, the President would gain the power to reduce debt for eligible countries that commit to climate resilience plans, and U.S. representatives at international financial groups would actively push for more debt relief and a new insurance program to help countries recover from natural disasters.
S 3509 · 119th Congress · December 16, 2025 · AI Summary by gemini-2.5-flash · 10/10
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