Bill > HR6562

This bill amends the Better Utilization of Investments Leading to Development (BUILD) Act of 2018 to enhance reporting requirements and transparency for the United States Development Finance Corporation (DFC), a government agency that provides financial support for international development projects. The bill requires the DFC to expand its annual report to Congress to include more comprehensive information about its projects, such as strategic foreign policy objectives, portfolio health, investment performance, and development impact. The report must now detail the projected and actual private capital mobilized, a breakdown of support provided to countries at different income levels, and the agency's risk appetite for supporting less financially promising but critically important development sectors. Additionally, the bill mandates the creation of a user-friendly, publicly accessible database that provides detailed, machine-readable information about each project, including performance metrics, development impact assessments, and the type of support provided. These changes aim to improve accountability, transparency, and strategic effectiveness of the DFC's international development investments.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/6562/all-info