Bill > HR6910

This bill, titled the "United States International Development Corporation Chief Development Officer Act," aims to enhance the development mission of the United States International Development Finance Corporation (DFC), a U.S. government agency that finances private sector projects in developing countries. Specifically, it modifies the role and responsibilities of the DFC's Chief Development Officer. The bill removes the requirement for the Board of Directors' approval for the Chief Development Officer's actions, allowing them to act directly. It also broadens their focus from "development" to "international development and development finance," and shifts their reporting line from the Board to the Chief Executive Officer. Furthermore, the bill expands the Chief Development Officer's duties to include advising the CEO and Deputy CEO on international development policy, representing the DFC in interagency meetings on development matters, serving as an ex officio member of the Development Finance Advisory Council, and working with other federal agencies to identify projects that advance U.S. development interests and scale up cost-effective development innovations. The Chief Development Officer will also be responsible for coordinating and managing employees focused on structuring, monitoring, and evaluating development projects, coordinating transferred funds and resources with other federal entities, managing specific DFC responsibilities related to investment and development impact, and fostering external relationships to support the DFC's development mission. Finally, the Chief Development Officer will ensure that U.S. international development policy and interests are considered alongside the DFC's foreign policy and national security goals.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/6910/all-info