Prohibits the United States from providing financial or technical support — including loans, insurance, guarantees, or other assistance, directly or indirectly — for fossil fuel activities or related infrastructure through U.S. agencies and international finance channels. It also calls for adding a provision on clean energy and climate justice at international financial institutions, but the operative text for that addition was not provided in the materials.

The ban applies across a range of federal financing channels and export/credit agencies, requiring those agencies to stop supporting fossil fuel projects and related infrastructure and forcing agencies and project sponsors to shift toward non-fossil fuel investments or other financing sources.