Authorizes USAID to establish a fellowship program to increase USAID expertise in carrying out protective activities of vulnerable populations, especially women and children, affected by a humanitarian emergency.

Prohibits certain Department or USAID funds for refugees or internally displaced persons to be provided to a primary grantee or contractor unless the grantee or contractor has adopted a code of conduct that is consistent with the six core principles recommended by the United Nations Inter-Agency Standing Committee.

Directs the coordinator to seek to provide health services to vulnerable populations, including: (1) prevention of of sexual violence; (2) reduction of HIV transmission; (3) provision of obstetric care; and (4) integrating women's health services into the primary health care services provided during a humanitarian emergency.

Amends the Microenterprise for Self-Reliance Act of 2000 to seek to extend microcredit program availability to internally displaced persons.

Amends the Foreign Assistance Act of 1961 to: (1) include the protection of vulnerable populations within military education and training; and (2) authorize the President to provide assistance for programs to protect vulnerable populations during humanitarian emergencies.

Directs the United States Executive Director of the International Bank for Reconstruction and Development (World Bank) to ensure that World Bank disarmament, demobilization, and reintegration programs provide benefits to former combatants that are comparable to benefits provided to other individuals.

Expresses the sense of Congress that the UN should strengthen the ability of its Department of Peacekeeping Operations to protect civilians, especially women and children, from sexual exploitation by peacekeeping personnel.