Congress·In Committee·H.R. 9449

Global Climate Resilience Act of 2026

Climate Change: Debt Relief for Developing Nations

14 days ago·View on Congress.gov·Read full text

This bill is currently in the early stages of the legislative process. It has been sent to the House Committee on Foreign Affairs and the House Committee on Financial Services for review. No further actions are scheduled at this time.

Legislative Progress

House

Senate

President

Law

Very unlikely to pass

This bill was introduced by a small group of Democrats and faces a difficult path because it involves canceling debt and spending federal funds on foreign aid.

Key Points

This bill allows the U.S. government to lower or cancel the money that developing countries owe to the United States. To get this help, these countries must agree to use the saved money to protect their people from extreme weather like floods, storms, and rising sea levels.
To be eligible for debt relief, a country must have a democratically elected government and a good human rights record. The bill focuses on low income nations and small island states that are most at risk from climate disasters.
The plan encourages debt-for-resilience swaps. This means the U.S. cancels a portion of a country's debt if that country proves it is spending money on projects like building sea walls, planting trees to prevent erosion, or planning for long-term droughts.
The bill also directs U.S. officials at global organizations like the World Bank and the International Monetary Fund to push for similar debt relief programs. It suggests creating a new international insurance program that would give countries quick cash immediately after a natural disaster happens.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Jun 24, 2026House

Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jun 24, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Source Information

Document Type

Congressional Bill

Official Title

Global Climate Resilience Act of 2026

Bill NumberHR 9449

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.