,,ii  #aae? ,,congress  #a/ ,session    
,s4 #abgd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #be1 #bjag,mr4    
,isakson 7= himself1 ,mr4 ,coons1 & ,mr4
 ,p]due7 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,=eign ,relations  ,a ,,bill  ,to direct
 ! ,presid5t to e/abli% an int]ag5cy    
me*anism to coord9ate ,unit$ ,/ates     
developm5t programs & private sector    
inve/m5t activities1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,economic ,gr[? & ,developm5t ,act4   
#b4 ,f9d+s ,congress makes ! foll[+     
f9d+s3 7#a7 ,! promotion ( su/a9able    
economic gr[? is ! only long-t]m        
solution to lift+ p out ( pov]ty &      
address+ developm5t *all5ges su* z      
infecti\s disease1 food security1 access
 to education1 & access to clean wat]1 z
 reflect$ 9 ! ,su/a9able ,developm5t    
,goals adopt$ at ! ,unit$ ,nations      
,su/a9able ,developm5t ,summit on       
,septemb] #be1 #bjae4  7#b7 ,sev]al ( ! 
greate/ developm5t success /ories ( !   

pa/ #ej ye>s demon/rate t private sector
 inve/m5t & economic gr[? are fundam5tal
 to lift+ populations out ( pov]ty4     
7#c7 ,a dramatic %ift 9 ! composition ( 
capital fl[s to ! develop+ _w           
necessitates a new approa* to (ficial   
developm5t assi/ance2 :]eas #dj ye>s ago
 m ?an #gj p]c5t ( capital fl[+ to      
develop+ c\ntries 0 public sector =eign 
assi/ance1 today ov] #hj p]c5t ( capital
 fl[+ to ! develop+ _w comes f ! private
 sector4  7#d7 ,9 ord] to bett] lev]age 
,unit$ ,/ates =eign assi/ance doll>s &  
to promote su/a9able economic developm5t
 9 p>tn] c\ntries1 ! ,unit$ ,/ates      
,gov]nm5t mu/ seek to promote economic  
gr[? ?r\gh private sector inve/m5t by   
consult+ ,unit$ ,/ates bus9ess dur+     
developm5t plann+ & programm+ processes4
  7#e7 ,elev5 ( ! #ae l>ge/ import]s (  
,unit$ ,/ates goods & s]vices are       
c\ntries t graduat$ f ,unit$ ,/ates     
=eign assi/ance1 & #ab ( ! #ae fa/e/    
gr[+ m>kets = ,unit$ ,/ates exports are 
=m] ,unit$ ,/ates =eign assi/ance       

recipi5ts4  7#f7 ,) #ab dep>tm5ts1 #bf  
ag5cies1 & m ?an #fj ,f$]al ,gov]nm5t   
(fices involv$ 9 ! deliv]y ( ,unit$     
,/ates =eign assi/ance & ! promotion (  
,unit$ ,/ates inve/m5t ov]seas1 x is    
unnecess>ily difficult = ,unit$ ,/ates  
bus9esses to navigate ?is bureaucracy 9 
se>* ( opportunities to p>tn] ) su*     
,unit$ ,/ates ag5cies4  7#g7 ,al?\gh _m 
,unit$ ,/ates developm5t ag5cies h tak5 
/eps to improve ! private sector        
coord9ation capabilities ( su* ag5cies 9
 rec5t ye>s1 ^! ag5cy-specific /rategies
 are n integrat$ into a coh]5t int]ag5cy
 coord9ation /ructure to effectively    
engage ! private sector4  7#h7 ,! ,unit$
 ,/ates ,gov]nm5t has no /reaml9$1      
int]ag5cy me*anism = coord9ation ) !    
private sector = ! purposes ( developm5t
 or promotion ( opportunities =         
inve/m5t1 nor are ! activities ( !      
,unit$ ,/ates ,gov]nm5t 9 ?is area guid$
 by a coh]5t set ( /rategic objectives1 
t>gets1 or op]at+ pr9ciples4  7#i7 ,:e!r
 9 ! context ( a c\ntry1 sector1 or     

global developm5t /rategy1 decisions    
reg>d+ program prioritization & res\rce 
allocation w\ld b5efit greatly f private
 sector p]spectives & m>ket data &      
coord9ation ) ! private sector f !      
outset4  7#aj7 ,developm5t programs c be
 design$ to bett] attract private sector
 inve/m5t & to promote public-private   
p>tn]%ips 9 key developm5t sectors4     
7#aa7 ,! ,mill5nium ,*all5ge            
,corporation & ! ,p>tn]%ip = ,gr[? bo?  
analyze con/ra9ts on gr[? z "p ( !      
plann+ processes ( ^! organizations1 b  
^! analyses ne$ to be includ$ 9 ag5cy   
c\ntry1 sector1 & global developm5t     
/rategies to m effectively in=m & guide 
! full spectrum ( ,unit$ ,/ates         
developm5t programs4  #c4 ,def9itions ,9
 ?is ,act3 7#a7 ,adm9i/rator ,! t]m     
,adm9i/rator means ! ,adm9i/rator ( !   
,unit$ ,/ates ,ag5cy = ,int]national    
,developm5t4  7#b7 ,appropriate         
congressional committees ,! t]m         
appropriate congressional committees    
means-- 7,a7 ! ,committee on ,=eign     

,relations & ! ,committee on            
,appropriations ( ! ,s5ate2 &  7,b7 !   
,committee on ,=eign ,affairs & !       
,committee on ,appropriations ( ! ,h\se 
( ,repres5tatives4  7#c7 ,private sector
 ,! t]m private sector means =-pr(it    
,unit$ ,/ates bus9esses4  7#d7 ,secret>y
 ,! t]m ,secret>y means ! ,secret>y (   
,/ate4  7#e7 ,unit$ /ates developm5t    
ag5cies ,! t]m ,unit$ ,/ates developm5t 
ag5cies means-- 7,a7 ! ,dep>tm5t (      
,/ate2  7,b7 ! ,unit$ ,/ates ,ag5cy =   
,int]national ,developm5t2  7,c7 !      
,mill5nium ,*all5ge ,corporation2  7,d7 
! ,ov]seas ,private ,inve/m5t           
,corporation2  7,e7 ! ,trade &          
,developm5t ,ag5cy2  7,f7 !             
,int]-,am]ican ,f\ndation2 &  7,g7 !    
,african ,developm5t ,f\ndation4  #d4   
,purpose ,! purpose ( ?is ,act is to    
maximize ! impact ( ,unit$ ,/ates       
developm5t programs by-- 7#a7 enhanc+   
coord9ation betwe5 ,unit$ ,/ates        
developm5t ag5cies & ! programs ( su*   
ag5cies & ! private sector & ! inve/m5t 

activities ( ! private sector2  7#b7    
integrat+ private sector input into !   
plann+ & programm+ processes ( ,unit$   
,/ates developm5t ag5cies2  7#c7        
in/itutionaliz+ analyses ( con/ra9ts on 
gr[? & inve/m5t ?r\gh\t ! plann+ &      
programm+ processes ( ,unit$ ,/ates     
developm5t ag5cies2  7#d7 ensur+ ,unit$ 
,/ates developm5t ag5cies are acc\ntable
 = improv+ coord9ation betwe5 ,unit$    
,/ates developm5t programs & private    
sector inve/m5t activities2 &  7#e7     
promot+ & facilitat+ private sector     
inve/m5t4  #e4 ,s5se ( ,congress on     
,unit$ ,/ates ,developm5t ,assi/ance ,x 
is ! s5se ( ,congress t--  7#a7 ,unit$  
,/ates developm5t assi/ance %\ld be     
pursu$ 9 a way t aims-- 7,a7 to build & 
/r5g!n civic in/itutions2  7,b7 to      
provide = public acc\ntability2 &  7,c7 
to s]ve z ! basis = a democratic social 
contract betwe5 ! p & _! gov]nm5t1 & z a
 basis = graduation f assi/ance2  7#b7  
,unit$ ,/ates ,gov]nm5t policies &      
decisions %\ld be guid$ by cle> b5*m>ks 

= ! evaluation ( p>tn] c\ntry commitm5t 
to fund+ developm5t priorities1 includ+ 
! inve/+ 9 p metric ( ! ,mill5nium      
,*all5ge ,corporation2  7#c7 ,unit$     
,/ates ,gov]nm5t programs %\ld be guid$ 
by a unifi$ /rategy1 ambiti\s t>gets1 & 
a robu/ monitor+1 evaluation1 & public  
acc\ntability plan2  7#d7 ,unit$ ,/ates 
developm5t assi/ance %\ld aim to help   
build ! capacity ( p>tn] c\ntries to    
raise & commit p>tn] c\ntry res\rces    
t[>d developm5t goals1 includ+--  7,a7 !
 capacity to increase rev5ues2  7,b7    
transp>5t budget+ & exp5ditures2  7,c7  
policies & laws t increase dome/ic      
inve/m5t2 &  7,d7 ! ability to address !
 illicit fl[s ( capital f dome/ic &     
int]national s\rces2  7#e7 ! ,addis     
,ababa ,action ,ag5da1 rea*$ at ! ,?ird 
,int]national ,conf]5ce on ,f9anc+ =    
,developm5t1 & ! emphasis ( ! ,addis    
,ababa ,action ,ag5da on economic gr[? &
 ! commitm5t ( great] dome/ic res\rces  
t[>ds developm5t goals1 s]ves z a basis 
= concrete actions by donors & p>tn]    

c\ntries to a*ieve great] acc\ntability 
& to fo/] broad-bas$ economic gr[? & !  
e/abli%m5t ( prosp]\s1 middle class-bas$
 societies2  7#f7 dome/ic res\rce       
commitm5ts & dome/ic res\rce            
mobilization = developm5t purposes      
provide a great] *ance = su/a9ability & 
an alignm5t ( inc5tives among           
/akehold]s1 includ+ donors1 p>tn]       
c\ntries1 citiz5s1 & ! private sector t 
drives economic gr[?2  7#g7 ! dome/ic   
res\rce commitm5ts describ$ 9 p>agraph  
7#f7 are opportunities to provide =     
great] acc\ntability & ! build+ ( /rong1
 j social contracts betwe5 p & _!       
gov]nm5ts1 all[+ gov]nm5ts to raise     
rev5ue1 address citiz5 priorities1 & be 
held acc\ntable = results2  7#h7 fo/]+  
dome/ic capacity & dome/ic              
responsibility = outcomes is ! basis (  
true c\ntry own]%ip & a transition f    
assi/ance to su/a9ability by a*iev+     
developm5t goals2  7#i7 public sector   
developm5t f9ance programs1 :i* mobilize
 private capital to a*ieve developm5t   

objectives1 are project$ to soon ov]take
 traditional grant-bas$ assi/ance z     
measur$ by total capital inve/m5ts1     
reflect+ an increas+ recognition by bo? 
donor & recipi5t c\ntries ( ! pot5tial t
 developm5t f9ance holds = driv+        
inclusive1 su/a9able economic gr[?2     
7#aj7 ,unit$ ,/ates developm5t f9ance   
programs %\ld be us$ = developm5t       
purposes1 complem5t b n displace private
 capital1 & op]ate free ( political     
ag5das2  7#aa7 :ile ! ,unit$ ,/ates has 
! ability to c>ry out developm5t f9ance 
programs ?r\gh ! ,ov]seas ,private      
,inve/m5t ,corporation1 ! ,developm5t   
,cr$it ,au?ority ( ! ,unit$ ,/ates      
,ag5cy = ,int]national ,developm5t1 & ! 
,unit$ ,/ates ,trade & ,developm5t      
,ag5cy1 t ability is "u-appreciat$ z a  
matt] ( policy & und]utiliz$ z a matt] (
 developm5t /rategy2  7#ab7 ! ,ov]seas  
,private ,inve/m5t ,corporation lacks   
c]ta9 developm5t f9ance tools1 includ+ !
 ability to make limit$ equity inve/m5ts
 9 projects r ?an issu+ debt & !        

au?ority & res\rces to provide fir/-loss
 gu>antees or te*nical assi/ance2  7#ac7
 ! ,ov]seas ,private ,inve/m5t          
,corporation is also limit$ by unc]ta9ty
 ar\nd ! r5ewal ( its legal au?orities &
 w\ld be m effective ) ! /ability &     
pr$ictability provid$ by a multi-ye>    
au?orization & a re=mulation ( h[ !     
ag5cy may use its proce$s = ess5tial    
/aff & ov]head exp5ses :ile /ill return+
 money to ! ,treasury2 &  7#ad7 ,unit$  
,/ates developm5t assi/ance %\ld        
prioritize & bett] coord9ate res\rces t 
support enhanc$ trade capacity &        
facilitate fair] & m su/a9able trade )  
p>tn] c\ntries4  #f4 ,int]ag5cy ,/rategy
 & ,me*anism to ,coord9ate ,unit$ ,/ates
 ,developm5t ,programs & ,private       
,sector ,inve/m5t ,activities  7a7 ,9   
g5]al ,! ,presid5t %all e/abli% a       
prim>y1 int]ag5cy me*anism to assi/ !   
private sector 9 coord9at+ ,unit$ ,/ates
 developm5t programs ) private sector   
inve/m5t activities4  7b7 ,duties ,!    
me*anism e/abli%$ "u subsection 7a7     

%all-- 7#a7 /reaml9e & integrate ! v>i\s
 private sector liaison1 coord9ation1 & 
inve/m5t promotion functions ( ,unit$   
,/ates developm5t ag5cies2  7#b7        
facilitate ! use ( v>i\s developm5t &   
f9ance tools across ,unit$ ,/ates       
developm5t ag5cies to attract great]    
private sector p>ticipation 9 developm5t
 activities2 &  7#c7 e/abli% a s+le po9t
 ( contact = ! private sector = p>tn]%ip
 opportunities ) ,unit$ ,/ates          
developm5t ag5cies4  7c7 ,annual        
,/rategy  7#a7 ,9 g5]al ,n lat] ?an #a  
ye> aft] ! date ( enactm5t ( ?is ,act1 &
 annually !reaft]1 ! ,presid5t %all     
submit to ! appropriate congressional   
committees a /rategy = ! facilitation & 
coord9ation ( private sector inve/m5ts &
 activities = ! purposes ( developm5t4  
7#b7 ,elem5ts ( ! annual /rategy ,!     
annual /rategy requir$ "u p>agraph 7#a7 
%all include-- 7,a7 c\ntry1 sectoral1 & 
global t>gets = private sector inve/m5t 
facilitation & coord9ation2  7,b7 a     
description ( ! specific roles &        

responsibilities ( ,unit$ ,/ates        
,gov]nm5t dep>tm5ts & ag5cies involv$ 9 
meet+ ! t>gets describ$ 9 subp>agraph   
7,a71 includ+ )9 ,unit$ ,/ates missions 
9-c\ntry2 &  7,c7 a plan relat+ to      
monitor+1 evaluation1 & public          
acc\ntability4  #g4 ,integrat+ ,private 
,sector ,coord9ation 9 ,c\ntry1 ,sector1
 & ,global ,developm5t ,/rategies ,!    
,secret>y & ! ,adm9i/rator %all direct  
_! respective policy teams1 includ+ !   
,assi/ant to ! ,adm9i/rator = ! ,bureau 
( ,policy1 ,plann+ & ,le>n+1 & c\ntry   
teams1 to include private sector        
facilitation & coord9ation 9 all c\ntry1
 sector1 & global developm5t /rategies1 
includ+ integrat$ c\ntry /rategies1     
regional & functional /rategies1 c\ntry 
developm5t coop]ation /rategies1 mission
 /rategic res\rce plans1 & global       
developm5t /rategies4  #h4 ,analysis (  
,con/ra9ts on ,gr[? & ,inve/m5t 9 ,=eign
 ,c\ntries & ,sectors  7a7 ,9 g5]al ,!  
,secret>y1 ! ,adm9i/rator1 & ! heads (  
o!r relevant ,f$]al ag5cies %all ensure 

t analyses ( rigor\s1 curr5t con/ra9ts  
on gr[? & inve/m5t guide all c\ntry1    
region1 & sector economic developm5t    
/rategies4  7b7 ,matt]s ,to be includ$  
,! analysis requir$ "u subsection 7a7   
%all include ! id5tification & analysis 
(-- 7#a7 con/ra9ts pos$ by !            
inadequacies ( critical infra/ructure1  
rule ( law1 tax & inve/m5t codes1 &     
cu/oms & regulatory regimes ( recipi5t  
c\ntries1 z appropriate2 &  7#b7        
p>ticul> economic sectors t are c5tral  
to a*iev+ economic gr[?1 su* z          
agriculture1 transportation1 en]gy1 &   
f9ancial s]vices4  7c7 ,results ,!      
results ( ! analyses describ$ "u        
subsection 7a7 %all-- 7#a7 be           
incorporat$ into ! developm5t /rategies 
( ,unit$ ,/ates developm5t ag5cies2     
7#b7 be us$ to in=m & guide res\rce     
allocations2 &  7#c7 be made available  
to ! public1 & = comm5t by all          
/akehold]s1 prior to f9alization (      
developm5t /rategies4  #i4 ,report ,n   
lat] ?an #a ye> aft] ! date ( ! enactm5t

 ( ?is ,act1 ! ,presid5t %all transmit  
to ! ,committee on ,=eign ,relations ( !
 ,s5ate & ! ,committee on ,=eign        
,affairs ( ! ,h\se ( ,repres5tatives a  
report t describes ! specific measures t
 h be5 tak5 to implem5t ?is ,act & !    
outcomes t su* measures are int5d$ to   
produce4