[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6910 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 6910
To strengthen the development mandate of the United States
International Development Finance Corporation, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 19, 2025
Mr. Castro of Texas introduced the following bill; which was referred
to the Committee on Foreign Affairs
_______________________________________________________________________
A BILL
To strengthen the development mandate of the United States
International Development Finance Corporation, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``United States International
Development Corporation Chief Development Officer Act''.
SEC. 2. CHIEF DEVELOPMENT OFFICER.
Section 1413(g) of the Better Utilization of Investments Leading to
Development Act of 2018 (22 U.S.C. 9613) is amended--
(1) in paragraph (1)--
(A) in the matter preceding subparagraph (A)--
(i) by striking ``Subject to the approval
of the Board, the'' and inserting ``The''; and
(ii) by striking ``in development'' and
inserting ``in international development and
development finance''; and
(B) in subparagraph (A), by striking ``the Board''
and inserting ``the Chief Executive Officer''; and
(2) in paragraph (2)--
(A) in the paragraph heading, by inserting ``AND
RESPONSIBILITIES'' after ``DUTIES'';
(B) by redesignating subparagraph (A) as
subparagraph (E);
(C) by striking subparagraphs (B) through (F) and
inserting before subparagraph (E), as so redesignated,
the following:
``(A) advise the Chief Executive Officer and the
Deputy Chief Executive Officer on international
development policy matters;
``(B) in addition to the Chief Executive Officer
and the Deputy Chief Executive Officer, represent the
Corporation in interagency meetings and processes
relating to international development;
``(C) be an ex officio member of the Development
Finance Advisory Council established under subsection
(i) and participate in or send a representative to each
meeting of the Council;
``(D) work with other relevant Federal departments
and agencies to--
``(i) identify projects that advance United
States international development interests; and
``(ii) explore investment opportunities
that bring evidence-based, cost-effective
development innovations to scale in a manner
that can be sustained by markets;'';
(D) in subparagraph (E), as so redesignated--
(i) by striking ``coordinate'' and
inserting ``support--
``(i) coordination of'';
(ii) in clause (i), as so redesignated, by
striking ``United States Government'' and all
that follows through the semicolon and
inserting ``Federal departments and agencies,
including by directly liaising with the
relevant members of United States country teams
serving overseas, to ensure that such Federal
departments, agencies, and country teams have
the training and awareness necessary to fully
leverage the Corporation's development tools
overseas;''; and
(iii) by adding at the end the following:
``(ii) management of employees of the
Corporation that are dedicated to structuring,
monitoring, and evaluating transactions and
projects codesigned with other relevant Federal
departments and agencies for development
impact;
``(iii) coordination of funds or other
resources transferred to and from such Federal
departments, agencies, or overseas country
teams, upon concurrence of those institutions,
in support of the Corporation's international
development projects or activities;
``(iv) management of the responsibilities
of the Corporation under paragraphs (1) and (4)
of section 1442(b) and paragraphs (1)(A) and
(3)(A) of section 1443(b);
``(v) coordination and implementation of
the activities of the Corporation under section
1445; and
``(vi) implementation of the Corporation's
development impact strategy and work to ensure
development impact at the transaction level and
portfolio-wide;''; and
(E) by adding at the end the following:
``(F) foster and maintain relationships both within
and external to the Corporation that enhance the
capacity of the Corporation to achieve its mission to
advance United States international development policy
and interests; and
``(G) coordinate within the Corporation to ensure
United States international development policy and
interests are considered together with the
Corporation's foreign policy and national security
goals.''.
<all>