U.S. House Foreign Affairs Committee Members, White House Express Support For Proposed U.S. Development Finance Corporation
Devex: Congressional hearing signals support for new development finance corporation
“The prospect of a new U.S. development finance institution is closer to reality, after a promising House Foreign Affairs Committee hearing on the subject Wednesday and a Trump administration statement in support of the BUILD Act, which proposed the creation of a new U.S. development finance institution. … Ray Washburne, the CEO of the Overseas Private Investment Corporation, responded to mostly friendly questions about the new BUILD Act legislation from members of the committee, all of whom expressed support for a new development finance corporation. … On Tuesday night, just ahead of the hearing, the Trump administration released a statement saying that it ‘strongly supports the goals’ of the BUILD Act…” (Saldinger, 4/12).