,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gice  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #c1 #bjbb,mr4   
,espaillat 7= himself & ,mrs4           
,*]filus-,mc,cormick7 introduc$ ! foll[+
 bill2 :i* 0 ref]r$ to ! ,committee on  
,=eign ,affairs1 & 9 addition to !      
,committee on ,ways & ,means1 = a p]iod 
to be subsequ5tly det]m9$ by ! ,speak]1 
9 ea* case = consid]ation ( su*         
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to re9=ce
 comm]cial relation%ips ) ,lat9 ,am]ican
 & ,c>ibbean allies & exp& critical     
supply *a9s 9 ! ,am]icas4  #a4 ,%ort    
title ,?is ,act may be cit$ z !         
,opportunities 9 ! ,am]icas ,act4  #b4  
,f9d+s ,congress f9ds ! foll[+3 7#a7    
,our neighbors 9 ! ,we/]n ,hemisph]e    
play a vital role 9 ensur+ regional     
peace1 security1 & democracy4  7#b7     
,accord+ to ! ,unit$ ,/ates ,trade      
,repres5tative1 9 #bjbj ! ,unit$ ,/ates 
export$ #aa4a billion wor? ( goods to   
,c>ibbean ,bas9 ,initiative c\ntries &  

import$ #e4a billion4  7#c7 ,accord+ to 
! ,unit$ ,/ates ,c5sus ,bureau1 9 #bjba 
! ,unit$ ,/ates export$ #agd4fb billion 
wor? ( goods to ,c5tral & ,s\? ,am]ica &
 import$ #abj4ii billion4  7#d7 ,!      
economic viability ( ! ,we/]n ,hemisph]e
 br+s ess5tial /r5g? & /ability to !    
region4  7#e7 ,!re is significant       
opportunity to improve regional inve/m5t
 9 manufactur+1 co-production & ne>%or+ 
arrangem5ts1 & ! free fl[ ( goods &     
s]vices 9 ! ,we/]n ,hemisph]e4  7#f7    
,clos] economic integration among !     
,am]icas ?r\gh free trade agreem5ts     
enc\rages fur!r economic & comm]cial    
ties 9 ! region4  7#g7 ,! ,unit$ ,/ates 
%\ld ex]cise its influ5ce to enc\rage   
private sector inve/m5t1 free m>kets1 & 
economic coop]ation 9 ! region4  7#h7   
,c\ntries 9 ! ,we/]n ,hemisph]e %\ld    
combat corruption1 /r5g!n _! judicial   
sy/ems1 r$uce bureaucratic r$ tape1     
/reaml9e p]mitt+1 & embrace free m>kets 
9 ord] to enc\rage m private sector     
inve/m5t4  7#i7 ,! ,we/]n ,hemisph]e has

 a supply *a9 t is ov]ly dep5d5t on !   
,p's ,republic ( ,*9a4  7#aj7 ,! ,unit$ 
,/ates free trade agreem5ts & pref]5ce  
programs 9 ! ,we/]n ,hemisph]e1 includ+ 
! ,dom9ican ,republic-,c5tral ,am]ica   
,free ,trade ,agreem5t & ! ,c>ibbean    
,bas9 ,trade ,p>tn]%ip ,act1 are key    
economic driv]s 9 ! region & repres5t a 
crucial alt]native co-production & trad+
 bloc to ! ,p's ,republic ( ,*9a4  7#aa7
 ,ensur+ t critical supply *a9s = key   
products1 includ+ textiles & app>el1    
li?ium batt]ies1 & ph>maceuticals1 are  
locat$ bo? 9 ! ,unit$ ,/ates & o!r      
c\ntries 9 ! ,we/]n ,hemisph]e is a     
national security priority = ! ,unit$   
,/ates4  7#ab7 ,! ,unit$ ,/ates %\ld    
enact policies t inc5tivize manufactur]s
 to relocate to ! ,we/]n ,hemisph]e1 &  
,unit$ ,/ates companies to exp&         
op]ations 9 ! region ?r\gh ne>%or+ &    
co-production arrangem5ts4  7#ac7       
,increas$ inve/m5t inc5tives1           
co-production1 & trade betwe5 ! ,unit$  
,/ates & ,lat9 ,am]ica & ! ,c>ibbean w  

fo/] jo9t economic & comm]cial gr[?1    
increase inve/m5t opportunities1 &      
contribute to job creation4  #c4        
,assi/ance provid$ by ! ,unit$ ,/ates   
,int]national ,developm5t ,f9ance       
,corporation  7a7 ,use ( funds  7#a7 ,9 
g5]al ,not)/&+ any o!r provision ( law1 
! ,,dfc %all use n less ?an #aj p]c5t ( 
! am\nts made available "u any provision
 ( law to ! ,,dfc = ea* fiscal ye>      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act to f9ance ! qualifi$ mov+ co/s &   
necess>y work=ce developm5t co/s & !    
qualifi$ co/s ( exp&+ bus9ess (1 & r$uce
 ! int]e/ rate on any loan to be provid$
 by ! ,,dfc to ! int]e/ rate describ$ 9 
p>agraph 7#d7 to1 any qualifi$          
corporation t is eligible =1 or a       
recipi5t (1 assi/ance f ! ,,dfc1 to !   
ext5t ( qualify+ applications =         
assi/ance "u ?is section4  7#b7         
,coord9ation ,! ,,dfc %all c>ry out ?is 
section 9 coord9ation )-- 7,a7 relevant 
,f$]al ag5cies1 includ+ ! ,unit$ ,/ates 
,trade & ,developm5t ,ag5cy1 !          

,export-,import ,bank ( ! ,unit$ ,/ates1
 ! ,unit$ ,/ates ,army ,corps (         
,eng9e]s1 & ! ,unit$ ,/ates ,ag5cy =    
,int]national ,developm5t2  7,b7        
relevant int]national f9ancial          
in/itutions1 includ+ ! ,_w ,bank & !    
,int]-,am]ican ,developm5t ,bank2  7,c7 
relevant nongov]nm5tal organizations2 & 
7,d7 relevant gov]nm5ts ( ,lat9 ,am]ican
 & ,c>ibbean c\ntries4  7#c7            
,availability ( unus$ am\nts ,if ! ,,dfc
 does n use ! entire am\nt describ$ 9   
p>agraph 7#a7 = a fiscal ye> z describ$ 
9 su* p>agraph1 su* am\nt %all1 to !    
maximum ext5t practicable1 be made      
available to ! ,,dfc = ! next fiscal    
ye>1 9 addition to o!r available funds1 
to c>ry out ?is section or o!r ,,dfc    
programs = qualifi$ ,lat9 ,am]ican or   
,c>ibbean c\ntries4  7#d7 ,int]e/ rate  
describ$ ,! int]e/ rate describ$ 9 ?is  
p>agraph is-- 7,a7 ! ,f$]al funds rate2 
or  7,b7 ! int]e/ rate t is det]m9$ by  
r$uc+ by n less ?an #a_/b ( #a p]c5t & n
 m ?an #a p]c5t 7b to n less ?an z]o    

p]c5t7 ! int]e/ rate on ! loan to be    
provid$ by ! ,,dfc to ! qualifi$        
corporation1  :i*ev] is ! less]4  7b7   
,no negative effects on employm5t 9 !   
,unit$ ,/ates ,! ,,dfc %all n provide   
assi/ance "u ?is section unless !       
,secret>y ( ,comm]ce has det]m9$ t !    
provision ( ! assi/ance w\ld n result 9 
a negative effect on employm5t 9 !      
,unit$ ,/ates4  7c7 ,disposition ( unus$
 assi/ance ,a corporation to :i* f9anc+ 
is made "u ?is section %all remit to !  
,,dfc any portion ( ! assi/ance t is n  
exp5d$ )9 #d ye>s aft] ! date ! f9anc+  
is made4  7d7 ,conditions on provision (
 loans ,! ,,dfc-- 7#a7 may provide loans
 "u ?is section to a corporation only if
 ! loans are comm]cially viable1 z      
det]m9$ by ! ,,dfc2 &  7#b7 %all det]m9e
 an appropriate am\nt ( "t = repaym5t ( 
loans "u ?is section to a corporation4  
7e7 ,conditions on receipt ( assi/ance  
7#a7 ,9 g5]al ,! ,,dfc may n provide    
assi/ance "u ?is section to a           
corporation unless-- 7,a7 ! ,,dfc       

det]m9es t ! corporation w create jobs 9
 ! qualifi$ ,lat9 ,am]ican or ,c>ibbean 
c\ntry to :i* x moves op]ations or exp&s
 bus9ess 9 numb]s det]m9$ by ! ,,dfc to 
be comm5surate ) ! assi/ance provid$2   
7,b7 ! ,,dfc det]m9es t ! corporation w 
exp& its bus9ess op]ations 9 ! ,we/]n   
,hemisph]e if x already does bus9ess 9 a
 qualifi$ ,lat9 ,am]ican or ,c>ibbean   
c\ntry2  7,c7 ! corporation makes a b9d+
 commitm5t to ! ,,dfc t1 on & aft] !    
date ! assi/ance is provid$-- 7i7 nei!r 
! corporation nor any own] ( !          
corporation w h an own]%ip relation%ip )
 ! ,gov]nm5t ( ! ,p's ,republic ( ,*9a  
or ! ,*9ese ,communi/ ,p>ty1 ! ,gov]nm5t
 ( ! ,russian ,f$]ation1 or any o!r     
=eign adv]s>y2  7ii7 nei!r ! corporation
 nor any own] ( ! corporation w h a     
significant contractual or suppli]      
relation%ip ) ! ,p's ,republic ( ,*9a2 &
  7iii7 ! corporation-- 7,i7 w n h its  
headqu>t]s 9 ! ,p's ,republic ( ,*9a1 ! 
,russian ,f$]ation1 or any o!r =eign    
adv]s>y2 &  7,,ii7 w n h a majority (   

its op]ations 9 ! ,p's ,republic ( ,*9a 
& a majority ( its rev5ue w n be g5]at$ 
9 ! ,p's ,republic ( ,*9a2  7,d7 !      
corporation1 :5 receiv+ fund+ 9 relation
 to qualifi$ mov+ co/s-- 7i7 makes a    
b9d+ commitm5t to ! ,,dfc t x w submit  
to ! ,,dfc a report specify+ ! progress 
x is mak+ to move its op]ations f ! ,p's
 ,republic ( ,*9a to ! qualifi$ ,lat9   
,am]ican or ,c>ibbean c\ntry2 &  7ii7   
makes a b9d+ commitm5t to ! ,,dfc t x w 
move all assets ( ! corporation )       
respect to :i* ! assi/ance is provid$ to
 a qualifi$ ,lat9 ,am]ican or ,c>ibbean 
c\ntry2 &  7,e7 ! corporation w reta9   
all assets ( ! corporation ) respect to 
:i* ! assi/ance is provid$ 9 a qualifi$ 
,lat9 ,am]ican or ,c>ibbean c\ntry aft] 
! date describ$ 9 subp>agraph 7,c7 or ! 
la/ day ( ! ext5sion describ$ 9         
subp>agraph 7,e71 z ! case may be4  7#b7
 ,compliance det]m9ations  7,a7 ,9 g5]al
 ,! ,,dfc1 9 coord9ation ) ! ,dep>tm5t (
 ,/ate & ! ,unit$ ,/ates ,trade         
,repres5tative1 %all make all           

det]m9ations reg>d+ compliance ) !      
provisions ( p>agraph 7#a74  7,b7       
,non-compliance actions ,if ! ,,dfc has 
r$uc$ ! int]e/ rate on any loan provid$ 
by ! ,,dfc to a qualifi$ corporation to 
! int]e/ rate describ$ 9 subsection     
7a77#d7 & ! corporation is subsequ5tly  
det]m9$ by ! ag5cy n to be 9 compliance 
) ! provisions ( subsection 7a71 ! ,,dfc
 %all adju/ ! int]e/ rate on su* loan or
 any o!r loan to be provid$ by ! ,,dfc  
to ! corporation to ! prevail+ m>ket    
int]e/ rate4  7f7 ,plan ,n lat] ?an #ahj
 days aft] ! date ( ! enactm5t ( ?is    
,act1 ! ,,dfc %all develop & submit to !
 ,committee on ,=eign ,affairs ( ! ,h\se
 ( ,repres5tatives & ! ,committee on    
,=eign ,relations ( ! ,s5ate a plan to  
/reaml9e ! provision ( assi/ance "u ?is 
section1 includ+ to exp$ite ! approval  
process = ! provision ( su* assi/ance4  
7g7 ,progress reports ,n lat] ?an "o ye>
 aft] ! date ( ! enactm5t ( ?is ,act1 & 
annually !reaft] = #ae ye>s1 ! ,,dfc    
%all submit to ! ,committee on ,=eign   

,affairs ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,=eign ,relations ( !    
,s5ate a report on progress made 9      
provid+ assi/ance "u ?is section4  7h7  
,sunset ,?is section %all h no =ce or   
effect on or aft] ! date t is #ae ye>s  
aft] ! date ( ! enactm5t ( ?is ,act4    
#d4 ,exp5ses paid = ) t>iffs collect$ f 
! ,p's ,republic ( ,*9a  7a7 ,e/abli%m5t
 ( tru/ fund ,!re is e/abli%$ 9 !       
,treasury ( ! ,unit$ ,/ates a tru/ fund 
consi/+ ( su* am\nts z are appropriat$  
to su* tru/ fund "u subsection 7b74  7b7
 ,appropriations to tru/ fund ,!re are  
h]eby appropriat$ to su* tru/ fund      
am\nts equival5t to ! t>iffs collect$ by
 ! ,unit$ ,/ates on goods manufactur$ 9 
! ,p's ,republic ( ,*9a4  7c7           
,appropriations f tru/ fund ,!re are    
h]eby appropriat$ f su* tru/ fund to !  
,g5]al ,fund ( ! ,treasury am\nts       
equival5t to ! r$uction 9 rev5ue to su* 
,g5]al ,fund by reason assi/ance provid$
 by ! ,,dfc "u section #c4  7d7 ,tim+ ( 
transf]s1 etc ,rules simil> to ! rules (

 section #ifja ( ! ,int]nal ,rev5ue     
,code ( #aihf %all apply ) respect to   
appropriations to & f su* tru/ fund "u  
subsections 7b7 & 7c74  #e4 ,initiatives
 = te*nical assi/ance = grid improvem5t 
& en]gy effici5cy ,! ,,dfc1 9           
consultation ) ! ,secret>y ( ,en]gy & ! 
heads ( o!r relevant ,f$]al dep>tm5ts & 
ag5cies & 9 coop]ation ) ! gov]nm5ts &  
regional au?orities ( qualifi$ ,lat9    
,am]ican & ,c>ibbean c\ntries1 %all     
support initiatives1 includ+ new        
initiatives & initiatives 9 exi/5ce z ( 
! date ( ! enactm5t ( ?is ,act1 z       
appropriate1 to provide te*nical        
assi/ance & exp]tise on electrical grid 
& en]gy effici5cy improvem5ts 9 su*     
c\ntries 9 :i* qualifi$ corporations    
relocate or exp& bus9ess pursuant to    
section #c = ! foll[+ purposes3 7#a7    
,exp&+ & improv+ ! reliability1         
flexibility1 & resili5ce ( ! electrical 
grid to ma9ta9 bus9ess op]ations 9 a    
relocat$ area4  7#b7 ,develop+          
microgrids or di/ribut$ en]gy res\rces 9

 areas 9 :i* connection to ! l>g]       
electrical grid is *all5g+4  7#c7       
,increas+ ! optimal integration (       
r5ewable en]gy into ! electrical grid4  
7#d7 ,enhanc+ ! int]connectivity (      
electrical grids4  7#e7 ,boo/+ ! en]gy  
/orage capacity ( ! electrical grid4    
7#f7 ,develop+ /&>ds = clean en]gy      
te*nologies1 sm>t build+s1 & data c5t]s4
  7#g7 ,increas+ deploym5t ( sm>t met]s 
& o!r en]gy effici5cy te*nology4  7#h7  
,increas+ ! en]gy effici5cy ( build+s1  
appliances1 & ! indu/rial sector4  7#i7 
,improv+ pollution controls4  #f4       
,tempor>y increas$ exp5s+ = relocat+    
manufactur+ f ! ,p's ,republic ( ,*9a to
 a qualifi$ ,lat9 ,am]ican or ,c>ibbean 
c\ntry  7a7 ,9 g5]al ,= purposes (      
section #afh7k7 ( ! ,int]nal ,rev5ue    
,code ( #aihf1 9 ! case ( any qualifi$  
relocat$ manufactur+ prop]ty :i* is     
plac$ 9 s]vice aft] ! date ( ! enactm5t 
( ?is ,act1 & be=e ,janu>y #a1 #bjcj--  
7#a7 su* prop]ty %all be treat$ z       
qualifi$ prop]ty 7)9 ! mean+ ( su*      

section71  7#b7 ! applicable p]c5tage   
o!rwise det]m9$ "u section #afh7k77#f7 (
 su* ,code ) respect to su* prop]ty %all
 be #ge p]c5t1 &  7#c7 p>agraph 7#h7 (  
su* section %all n apply4  7b7 ,qualifi$
 relocat$ manufactur+ prop]ty ,=        
purposes ( ?is section-- 7#a7 ,9 g5]al  
,! t]m qualifi$ relocat$ manufactur+    
prop]ty means qualifi$ prop]ty 7)9 !    
mean+ ( section #afh7k7 ( su* ,code7 or 
nonresid5tial real prop]ty 7z def9$ 9   
section #afh7;e77#b77;,b7 ( su* ,code7  
:i* is-- 7,a7 plac$ 9 s]vice 9 a        
qualifi$ ,lat9 ,am]ican or ,c>ibbean    
c\ntry by a qualifi$ manufactur]1 &     
7,b7 is acquir$ by su* qualifi$         
manufactur] 9 connection ) a qualifi$   
relocation ( manufactur+4  7#b7         
,qualifi$ relocation ( manufactur+  7,a7
 ,9 g5]al ,! t]m qualifi$ relocation (  
manufactur+ means1 ) respect to any     
qualifi$ manufactur]1 ! relocation ( !  
manufactur+ ( any tangible p]sonal      
prop]ty f ! ,p's ,republic ( ,*9a to a  
qualifi$ ,lat9 ,am]ican or ,c>ibbean    

c\ntry4  7,b7 ,relocation ( prop]ty n   
requir$ ,= purposes ( subp>agraph 7,a71 
manufactur+ %all n fail to be treat$ z  
relocat$ m]ely because prop]ty us$ 9 su*
 manufactur+ 0 n relocat$4  7,c7        
,relocation ( n less ?an equival5t      
productive capacity requir$ ,= purposes 
( subp>agraph 7,a71 manufactur+ %all n  
be treat$ z relocat$ unless ! prop]ty   
manufactur$ 9 a qualifi$ ,lat9 ,am]ican 
or ,c>ibbean c\ntry is sub/antially     
id5tical to ! prop]ty previ\sly         
manufactur$ 9 ! ,p's ,republic ( ,*9a & 
! increase 9 ! units ( production ( su* 
prop]ty 9 a qualifi$ ,lat9 ,am]ican or  
,c>ibbean c\ntry by ! qualifi$          
manufactur] is n less ?an ! r$uction 9 !
 units ( production ( su* prop]ty by su*
 qualifi$ manufactur] 9 ! ,p's ,republic
 ( ,*9a4  7#c7 ,qualifi$ manufactur] ,! 
t]m qualifi$ manufactur] means any p]son
 engag$ 9 ! trade or bus9ess (          
manufactur+ any tangible p]sonal        
prop]ty4  #g4 ,def9itions ,9 ?is ,act3  
7#a7 ,,dfc ,! t]m ,,dfc means ! ,unit$  

,/ates ,int]national ,developm5t ,f9ance
 ,corporation4  7#b7 ,f$]al funds rate  
,! t]m ,f$]al funds rate means ! disc\nt
 w9d[ prim>y cr$it int]e/ rate mo/      
rec5tly publi%$ on ! ,f$]al ,res]ve     
,/ati/ical ,release on select$ int]e/   
rates 7daily or weekly71 commonly ref]r$
 to z ! ,h4#ae release4  7#c7 ,=eign    
adv]s>y ,! t]m =eign adv]s>y means a    
=eign gov]nm5t engag$ 9 a long-t]m      
patt]n or s]i\s in/ances ( conduct      
significantly adv]se to ! national      
security ( ! ,unit$ ,/ates or security &
 safety ( ,unit$ ,/ates p]sons4  7#d7   
,qualifi$ corporation ,! t]m qualifi$   
corporation-- 7,a7 means a corporation t
 is n incorporat$ 9 a c\ntry ! gov]nm5t 
( :i* is a =eign adv]s>y2 &  7,b7 does n
 include a /ate-own$ ent]prise4  7#e7   
,qualifi$ ,lat9 ,am]ican or ,c>ibbean   
c\ntry ,! t]m qualifi$ ,lat9 ,am]ican or
 ,c>ibbean c\ntry means a ,lat9 ,am]ican
 or ,c>ibbean c\ntry-- 7,a7 t is a p>ty 
to a free trade agreem5t ( pref]5ce     
program ) ! ,unit$ ,/ates2 &  7,b7 !    

gov]nm5t ( :i* is n a =eign adv]s>y4    
7#f7 ,qualifi$ co/s ( exp&+ bus9ess ,!  
t]m 8qualifi$ co/s ( exp&+ bus9ess0     
means-- 7,a7 ! co/s ( increas$ op]at+   
exp5ditures1 includ+ capital inve/m5ts1 
work=ce developm5t1 & su* o!r exp5ses1 z
 det]m9$ or limit$ by ! ,,dfc2 &  7,b7 !
 co/s ( increas$ ov]head1 z det]m9$ or  
limit$ by ! ,,dfc4  7#g7 ,qualifi$ mov+ 
co/s ,! t]m qualifi$ mov+ co/s means--  
7,a7 ! co/s ( mov+ inv5tory1 equipm5t1 &
 supplies f ! ,p's ,republic ( ,*9a to a
 qualifi$ ,lat9 ,am]ican or ,c>ibbean   
c\ntry2 &  7,b7 ! co/s ( work=ce        
developm5t & con/ruction ( facilities4