U.S. House, Senate Bills Introduced To Create New International Development Finance Institution

Devex: Bipartisan bill gives U.S. development finance a boost
“A bill creating a new, expanded United States development finance agency was introduced Tuesday in the U.S. Congress. The Better Utilization of Investment Leading to Development, or BUILD Act, will create a new agency that will combine the Overseas Private Investment Corporation and the several private sector oriented parts of the U.S. Agency for International Development, as well as expand U.S. development finance capabilities. … The bill creating the U.S. International Development Finance Corporation was introduced simultaneously in the House and Senate by Rep. Ted Yoho, a Republican from Florida, and Adam Smith, a Democrat from Washington, along with Senators Chris Coons, a Democrat from Delaware, and Bob Corker, [a Republican] from Tennessee…” (Saldinger, 2/28).

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