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U.S. House Passes BUILD Act To Create New Development Finance Agency

Devex: U.S. House of Representatives approves development finance bill
“The United States House of Representatives passed the BUILD Act easily on Tuesday, moving the bill yet closer to becoming law. The Better Utilization of Investment Leading to Development Act would create a new agency that would combine the Overseas Private Investment Corporation and the U.S. Agency for International Development’s Development Credit Authority, as well as expand U.S. development finance capabilities…” (Saldinger, 7/18).