3.0.0 2463 2023-01-11T13:40:24Z 2023-01-11T13:40:24Z Senate S 2018-02-27 115 ssfr00 Foreign Relations Committee Senate Standing Reported by 2018-06-27T20:58:25Z Markup by 2018-06-26T15:15:02Z Hearings by 2018-05-10T14:00:00Z Referred to 2018-02-27T21:24:26Z Better Utilization of Investments Leading to Development Act of 2018 115 5105 HR 2018-07-18 Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522. Related bill House Related bill CRS 2018-06-27 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 493. Calendars 2018-06-27 ssfr00 Foreign Relations Committee Senate Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute. Without written report. Committee 2018-06-27 Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute. Without written report. Committee 14000 9 Library of Congress ssfr00 Foreign Relations Committee 2018-06-26 ssfr00 Foreign Relations Committee Senate Committee on Foreign Relations. Ordered to be reported with an amendment favorably. Committee 2018-05-10 ssfr00 Foreign Relations Committee Senate Committee on Foreign Relations. Hearings held. Committee 2018-02-27 ssfr00 Foreign Relations Committee Senate Read twice and referred to the Committee on Foreign Relations. IntroReferral 2018-02-27 Introduced in Senate IntroReferral 10000 9 Library of Congress C001071 Sen. Corker, Bob [R-TN] Bob Corker R TN N C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2018-02-27 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2018-02-27 True M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2018-02-27 True Y000064 Sen. Young, Todd [R-IN] Todd Young R IN C. 2018-02-27 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2018-02-27 True P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2018-02-27 True K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2018-02-27 True P000612 Sen. Perdue, David [R-GA] David Perdue R GA Alfred 2018-03-22 False R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2018-06-07 False G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2018-06-20 False C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2018-06-27 False C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2018-07-17 False K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2018-07-24 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2018-07-24 False E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA 2018-08-15 False W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2018-09-04 False R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2018-10-03 False 2018-07-17T15:17:26Z S. 2463, BUILD Act of 2018 https://www.cbo.gov/publication/54197 As reported by the Senate Committee on Foreign Relations on June 27, 2018 International Affairs Business investment and capital Congressional oversight Economic development Executive agency funding and structure Financial services and investments Foreign aid and international relief Government corporations and government-sponsored enterprises Government information and archives Government lending and loan guarantees Overseas Private Investment Corporation (OPIC) Performance measurement Public-private cooperation Securities Trade agreements and negotiations U.S. Agency for International Development (USAID) U.S. and foreign investments International Affairs 00 2018-02-27 Introduced in Senate 2018-05-01T20:58:04Z Better Utilization of Investments Leading to Development Act of 2018 or the BUILD Act of 2018

This bill establishes the United States International Development Finance Corporation to facilitate the participation of private sector capital and skills in the economic development of countries with low- or lower-middle-income economies and countries transitioning from nonmarket to market economies in order to complement U.S. assistance and foreign policy objectives.

The corporation may: (1) make loans or loan guarantees, (2) as a minority investor acquire equity or financial interests in entities, (3) provide insurance or reinsurance to private sector entities and qualifying sovereign entities, (4) provide technical assistance, (5) administer special projects, (6) establish enterprise funds, (7) issue obligations, and (8) charge service fees.

The corporation shall terminate on September 30, 2038.

The corporation shall not provide assistance to: (1) a country whose government has repeatedly supported acts of international terrorism, or (2) a private sector entity that is engaged in monopolistic practices.

The bill prescribes transitional provisions, including transferring to the corporation the functions, personnel, assets, and liabilities of the Overseas Private Investment Corporation (which is subsequently terminated) and specified elements of the U.S. Agency for International Development.

]]> BUILD Act of 2018 Display Title BUILD Act of 2018 Official Title as Introduced A bill to establish the United States International Development Finance Corporation, and for other purposes. Introduced in Senate IS Short Titles as Reported to Senate BUILD Act of 2018 S Senate Short Titles as Introduced BUILD Act of 2018 Short Titles as Introduced Better Utilization of Investments Leading to Development Act of 2018 Short Titles as Reported to Senate Better Utilization of Investments Leading to Development Act of 2018 S Senate Reported to Senate 2018-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2463rs/xml/BILLS-115s2463rs.xml Introduced in Senate 2018-02-27T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2463is/xml/BILLS-115s2463is.xml 2018-06-27 Placed on Senate Legislative Calendar under General Orders. Calendar No. 493. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.