MFAN Delivers Statement On U.S. House, Senate Revisions, Passage Of BUILD Act

Modernizing Foreign Assistance Network: Key House and Senate Committees Positively Amend and Approve BUILD Act
In a statement delivered on behalf of MFAN, Co-chairs George Ingram, Tessie San Martin, and Connie Veillette discuss U.S. House and Senate committee amendments and approvals of the BUILD Act. The co-chairs write, “The Modernizing Foreign Assistance Network is encouraged by the revisions and passage in the Senate Foreign Relations Committee this week of the bipartisan Better Utilization of Investments Leading to Development Act of 2018, or BUILD Act (S. 2463). This follows approval of the BUILD Act in the House Foreign Affairs Committee last month (H.R. 5105). The BUILD Act would expand U.S. development finance capabilities by establishing a new Development Finance Corporation (DFC). The amended version of BUILD includes improvements that align with MFAN’s recommendations for the legislation…” (6/28).

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