[Congressional Record Volume 168, Number 157 (Wednesday, September 28, 2022)]
[Senate]
[Page S5245]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5760. Mr. RISCH submitted an amendment intended to be proposed to 
amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) 
and intended to be proposed to the bill H.R. 7900, to authorize 
appropriations for fiscal year 2023 for military activities of the 
Department of Defense, for military construction, and for defense 
activities of the Department of Energy, to prescribe military personnel 
strengths for such fiscal year, and for other purposes; which was 
ordered to lie on the table; as follows:

        At the end of subtitle D of title XII, add the following:

     SEC. 1254. INFRASTRUCTURE TRANSACTION AND ASSISTANCE NETWORK.

       (a) Authority.--The Secretary of State, in consultation 
     with the Administrator of the United States Agency for 
     International Development, is authorized to establish an 
     initiative, to be known as the ``Infrastructure Transaction 
     and Assistance Network'', under which the Secretary of State, 
     in consultation with other relevant Federal agencies, shall 
     carry out various programs to advance the development of 
     sustainable, transparent, and high-quality infrastructure in 
     the Indo-Pacific region by--
       (1) strengthening capacity-building programs to improve 
     project evaluation processes, regulatory and procurement 
     environments, and project preparation capacity of countries 
     that are partners of the United States in such development;
       (2) providing transaction advisory services and project 
     preparation assistance to support sustainable infrastructure; 
     and
       (3) coordinating the provision of United States assistance 
     for the development of infrastructure, including 
     infrastructure that uses United States-manufactured goods and 
     services, and catalyzing investment led by the private 
     sector.
       (b) Transaction Advisory Fund.--As part of the 
     Infrastructure Transaction and Assistance Network described 
     in subsection (a), the Secretary of State is authorized to 
     provide support, including through the Transaction Advisory 
     Fund, for advisory services to help boost the capacity of 
     partner countries to evaluate contracts and assess the 
     financial and environmental impacts of potential 
     infrastructure projects, including through providing services 
     such as--
       (1) legal services;
       (2) project preparation and feasibility studies;
       (3) debt sustainability analyses;
       (4) bid or proposal evaluation; and
       (5) other services relevant to advancing the development of 
     sustainable, transparent, and high-quality infrastructure.
       (c) Strategic Infrastructure Fund.--
       (1) In general.--As part of the Infrastructure Transaction 
     and Assistance Network described in subsection (a), the 
     Secretary of State is authorized to provide support, 
     including through the Strategic Infrastructure Fund, for 
     technical assistance, project preparation, pipeline 
     development, and other infrastructure project support.
       (2) Joint strategic infrastructure projects.--Funds 
     authorized for the Strategic Infrastructure Fund should be 
     used in coordination with the Department of Defense, the 
     International Development Finance Corporation, like-minded 
     donor partners, and multilateral banks, as appropriate, to 
     support joint infrastructure projects in the Indo-Pacific 
     region.
       (3) Strategic infrastructure projects.--Funds authorized 
     for the Strategic Infrastructure Fund should be used to 
     support strategic infrastructure projects that are in the 
     national security interest of the United States and 
     vulnerable to strategic competitors.
       (d) Authorization of Appropriations.--There is authorized 
     to be appropriated, for each of fiscal years 2023 through 
     2027, $75,000,000 to the Infrastructure Transaction and 
     Assistance Network, of which $20,000,000 shall be made 
     available for the Transaction Advisory Fund.
       (e) Reports.--
       (1) In general.--Not later than 180 days after the date of 
     the enactment of this Act, and semiannually thereafter for 3 
     years, the President shall submit to the appropriate 
     committees of Congress a report that includes--
       (A) an identification of infrastructure projects, 
     particularly in the transport, energy, and digital sectors, 
     that the United States is currently supporting or is 
     considering supporting through financing, foreign assistance, 
     technical assistance, or other means;
       (B) for each project identified under subparagraph (A)--
       (i) the sector of the project; and
       (ii) the recipient country of any such United States 
     support;
       (C) a detailed explanation of the United States and partner 
     country interests served by such United States support;
       (D) a detailed accounting of the authorities and programs 
     upon which the United States Government has relied in 
     providing such support; and
       (E) a detailed description of any support provided by 
     United States allies and partners for such projects.
       (2) Form.--Each report required by paragraph (1) shall be 
     submitted in unclassified form but may include a classified 
     annex.
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