,,ii #aag? ,,congress #a/ ,session ,s4 #bffb ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,augu/ #e1 #bjba,mr4 ,coons 7= himself1 ,ms4 ,klobu*>1 ,mr4 ,van ,holl51 ,mr4 ,w>nock1 ,mr4 ,pet]s1 ,mr4 ,b5net1 & ,mr4 ,w>n]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to e/abli% ! ,indu/rial ,f9ance ,corporation ( ! ,unit$ ,/ates1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,indu/rial ,f9ance ,corporation ,act4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4,sec4 #b4 ,def9itions4,,title ,i--,establishment,sec4 #aja4 ,f9d+s4,sec4 #ajb4 ,e/abli%m5t ( ,corporation4,sec4 #ajc4 ,/ructure & organization4,sec4 #ajd4 ,inspector ,g5]al ( ! ,corporation4,,title ,,ii--,authorities,sec4 #bja4 ,au?orities relat+ to provision ( support4,sec4 #bjb4 ,t]ms & conditions4,sec4 #bjc4 ,paym5t ( losses4,,title ,,iii--,adm9i/rative & g5]al provisions,sec4 #cja4 ,op]ations4,sec4 #cjb4 ,corporate p[]s4,sec4 #cjc4 ,maximum cont+5t liability4,sec4 #cjd4 ,corporate funds4,,title ,,iv--,monitor+1 evaluation1 & reporting,sec4 #dja4 ,e/abli%m5t ( risk & audit committees4,sec4 #djb4 ,p]=mance measures1 evaluation1 & le>n+4,sec4 #djc4 ,annual report4,sec4 #djd4 ,publicly available project in=mation4,sec4 #dje4 ,engagem5t ) inve/ors4,sec4 #djf4 ,notifications by ! ,corporation4,,title ,v--,conditions1 re/rictions1 & prohibitions,sec4 #eja4 ,limitations & pref]5ces4,sec4 #ejb4 ,additionality & avoidance ( m>ket di/ortion4,sec4 #ejc4 ,prevail+ wages4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate2 & 7,b7 ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives4 7#b7 ,bo>d ,! t]m ,bo>d means ! ,bo>d ( ,directors ( ! ,corporation4 7#c7 ,corporation ,! t]m ,corporation means ! ,indu/rial ,f9ance ,corporation ( ! ,unit$ ,/ates e/abli%$ "u section #ajb7;a74 7#d7 ,project ,! t]m project means a project or activity support$ by ! ,corporation "u title ,,ii4 ,i ,e/abli%m5t #aja4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,! ,,covid-#ai p&emic expos$ long-exi/+ vuln]abilities & h>mful conc5tration 9 supply *a9s1 z demon/rat$ by ! semiconductor %ortage & ! rev]b]at+ effects ( t %ortage on ! production capabilities ( indu/ries )9 ! ,unit$ ,/ates4 7#b7 ,vuln]able or conc5trat$ supply *a9s h h>mful implications = ! national security ( ! ,unit$ ,/ates1 includ+ by-- 7,a7 creat+ bottl5ecks & delays = goods & innovations necess>y to milit>y prep>$ness2 7,b7 increas+ economic & political lev]age = adv]s>ial nations 9 int]national negotiations2 & 7,c7 provid+ lev]age = adv]s>ial nations to use _! supply *a9 dom9ance to ex]t economic pressure or de/abilize ! def5se capabilities ( ! ,unit$ ,/ates4 7#c7 ,to promote ! national def5se & national security ( ! ,unit$ ,/ates1 ! ,f$]al ,gov]nm5t mu/ provide inve/m5t to ensure t c]ta9 goods & innovations are produc$ 9 ! ,unit$ ,/ates4 7#d7 ,vuln]able supply *a9s also h h>mful economic rep]cussions = ! ,unit$ ,/ates1 includ+ by-- 7,a7 weak5+ ! ability ( ! ,unit$ ,/ates to lead comm]cial developm5t ( ! te*nological fronti]2 7,b7 limit+ ! availability ( f9anc+ & inve/m5t = bus9esses 9 ! ,unit$ ,/ates2 & 7,c7 caus+ high] prices = consum]s & bus9esses 9 ! ,unit$ ,/ates4 7#e7 ,9 ord] = ! ,unit$ ,/ates to rema9 ! economic lead] ( ! _w1 x is critical = ! ,f$]al ,gov]nm5t to ensure t ! ,unit$ ,/ates leads ! developm5t1 fur!rance1 & comm]cialization ( ! te*nological fronti] ?r\gh inve/m5ts 9 manufactur+ & fields & te*nologies ) & )\t milit>y applications1 includ+-- 7,a7 nanote*nology2 7,b7 biote*nology2 7,c7 advanc$ manufactur+2 7,d7 quantum comput+2 7,e7 advanc$ communications2 7,f7 advanc$ en]gy2 7,g7 semiconductors2 7,h7 advanc$ comput+2 7,i7 cyb]security2 7,j7 artificial intellig5ce2 7,k7 gre5 manufactur+2 & 7,l7 o!r fields ) high pot5tial to contribute to ! economic & national security ( ! ,unit$ ,/ates t may lack suffici5t private sector inve/m5t4 7#f7 ,hi/orically1 ! ,f$]al ,gov]nm5t has us$ public funds to fill gaps 9 private sector inve/m5t1 (t5 )\t %>+ 9 ! pot5tial b5efits4 ,:5 ! ,f$]al ,gov]nm5t inve/s 9 high-risk1 high-rew>d indu/ries1 ! taxpay]s ( ! ,unit$ ,/ates %\ld %>e 9 ! pot5tial b5efits & n j ! risks ( ! inve/m5t4 7#g7 ,x is 9 ! economic int]e/ ( ! ,unit$ ,/ates to ensure t resili5t supply *a9s rema9 economically competitive4 ,accord+ly1 x is crucial-- 7,a7 = ! ,f$]al ,gov]nm5t to inve/ 9 build+ & reta9+ a vibrant manufactur+ sector2 7,b7 = ! ,f$]al ,gov]nm5t to inve/ 9 manufactur+ & production t leads to good jobs = work]s 9 ! ,unit$ ,/ates2 & 7,c7 t inve/m5ts 9 manufactur]s 9 ! ,unit$ ,/ates lead to good jobs = work]s 9 ! ,unit$ ,/ates4 7#h7 ,all too (t51 excessive %ort-t]mism precludes companies 9 ! ,unit$ ,/ates f access+ inve/m5t capital4 ,x is 9 ! int]e/ ( ! ,f$]al ,gov]nm5t to ensure t pati5t capital 7or capital ) an inve/m5t horizon ( n less ?an #g ye>s7 is available to boo/ supply *a9s & manufactur+ 9 ! ,unit$ ,/ates4 ,innovative indu/ries1 includ+ indu/ries describ$ 91 or t produce ! products describ$ 91 p>agraph 7#e71 suff] f limit$ access to pati5t capital4 #ajb4 ,e/abli%m5t ( ,corporation 7a7 ,9 g5]al ,!re is e/abli%$ )9 ! executive bran* ( ! ,f$]al ,gov]nm5t ! ,indu/rial ,f9ance ,corporation ( ! ,unit$ ,/ates4 7b7 ,:olly own$ gov]nm5t corporation ,section #iaja7c7 ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7,q7 ! ,indu/rial ,f9ance ,corporation ( ! ,unit$ ,/ates4 4 7c7 ,/atem5t ( policy ,x %all be ! policy ( ! ,corporation to-- 7#a7 provide support to ensure resili5t supply *a9s 9 indu/ries t are critical to-- 7,a7 ! national security ( ! ,unit$ ,/ates2 7,b7 ! economic competitiv5ess ( ! ,unit$ ,/ates2 & 7,c7 ! ma9t5ance ( a /rong manufactur+ base 9 ! ,unit$ ,/ates2 7#b7 provide support to manufactur+ 9 ! ,unit$ ,/ates1 :i* is crucial to-- 7,a7 gr[+ ! economy ( ! ,unit$ ,/ates2 7,b7 provid+ good jobs & manufactur+ skills tra9+ to work]s 9 ! ,unit$ ,/ates2 & 7,c7 ensur+ ! economic & national security ( ! ,unit$ ,/ates2 7#c7 provide support to indu/ries t are critical to ensur+ t companies 9 ! ,unit$ ,/ates comm]cialize products on ! te*nological fronti] ( production across a wide array ( goods & indu/ries1 includ+ by help+ vital te*nologies 7& products t use ^? te*nologies7 make ! transition f univ]sities & labs to comm]cial success1 includ+-- 7,a7 te*nologies & products ) civilian & milit>y applications1 includ+ applications describ$ 9 section #aja7e72 & 7,b7 o!r te*nologies t enhance ! influ5ce ( ! ,unit$ ,/ates ?r\gh exportation to o!r c\ntries2 7#d7 re/ore ! entrepr5eurial dynamism ( ! economy ( ! ,unit$ ,/ates by support+ ! gr[? ( small- & m$ium-siz$ bus9esses ) n m ?an #ejj employees-- 7,a7 t support1 or are capable ( support+1 ! gr[? ( ! indu/ries & products describ$ 9 p>agraph 7#c7 z contractors or cu/om]s1 especially 9 sectors su* z manufactur+ t compete 9 an int]national m>ketplace2 7,b7 ) innovative pot5tial to increase ! productivity & economic developm5t ( ! ,unit$ ,/ates2 & 7,c7 t are-- 7i7 locat$ 9 regions ( ! ,unit$ ,/ates t h hi/orically suff]$ f l[ access to capital2 or 7ii7 own$ by an individual :o is a memb] ( a demographic gr\p t has hi/orically suff]$ f l[ access to capital2 & 7#e7 provide support to critical indu/ries t are vuln]able to sy/ematic patt]ns ( und]9ve/m5t1 import competition1 & t>get$ indu/rial policies f =eign nations1 9 ord] to-- 7,a7 ensure t ^? indu/ries pres]ve & ideally exp& production capacity = consum]s ( ^? indu/ries2 & 7,b7 inve/ 9 /rategies to promote ! deploym5t ( m advanc$ te*nologies4 7d7 ,support ,9 provid+ support "u title ,,ii1 ! ,corporation %all ensure t ! support fur!rs n less ?an #a policy describ$ 9 subsection 7c74 #ajc4 ,/ructure & organization 7a7 ,/ructure ( corporation ,!re %all be )9 ! ,corporation-- 7#a7 a ,bo>d ( ,directors2 7#b7 a ,*ief ,executive ,(fic]1 z describ$ 9 subsection 7d72 7#c7 a ,deputy ,*ief ,executive ,(fic]1 z describ$ 9 subsection 7e72 7#d7 a ,*ief ,risk ,(fic]1 z describ$ 9 subsection 7f72 7#e7 a ,*ief ,developm5t ,(fic]1 z describ$ 9 subsection 7g72 7#f7 a ,*ief ,te*nology & ,data ,(fic]1 z describ$ 9 subsection 7h72 & 7#g7 su* o!r (fic]s z ! ,bo>d may det]m9e4 7b7 ,bo>d ( ,directors 7#a7 ,p[]s & duties 7,a7 ,9 g5]al ,e p[] ( ! ,corporation %all ve/ 9 & be ex]cis$ by or "u ! au?ority ( ! ,bo>d4 7,b7 ,duties ,! ,bo>d-- 7i7 %all p]=m ! functions requir$ to be c>ri$ out by ! ,bo>d "u ?is ,act2 7ii7 may prescribe1 am5d1 & repeal bylaws1 rules1 regulations1 policies1 & proc$ures gov]n+ ! mann] 9 :i* ! bus9ess ( ! ,corporation may be conduct$ & 9 :i* ! p[]s grant$ to ! ,corporation by law may be ex]cis$2 & 7iii7 %all develop1 9 consultation ) /akehold]s & o!r int]e/$ p>ties1 a publicly available policy ) respect to consultations1 he>+s1 & o!r =ms ( engagem5t ( ! ,bo>d 9 ord] to provide = mean+ful public p>ticipation 9 ! activities ( ! ,bo>d4 7#b7 ,memb]%ip ( ,bo>d 7,a7 ,9 g5]al ,! ,bo>d %all consi/ (-- 7i7 ! ,*ief ,executive ,(fic] ( ! ,corporation2 7ii7 ! (fic]s describ$ 9 subp>agraph 7,b72 & 7iii7 #d o!r individuals1 :o %all be appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate4 7,b7 ,(fic]s describ$ 7i7 ,9 g5]al ,! (fic]s describ$ 9 ?is subp>agraph are ! foll[+3 7,i7 ,! ,secret>y ( ! ,treasury or a designee ( ! ,secret>y4 7,,ii7 ,! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration or a designee ( ! ,adm9i/rator4 7,,iii7 ,! ,secret>y ( ,comm]ce or a designee ( ! ,secret>y4 7,,iv7 ,! ,secret>y ( ,def5se or a designee ( ! ,secret>y4 7,v7 ,! ,*air ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em or a designee ( ! ,*air4 7ii7 ,requirem5ts = designees ,a designee "u clause 7i7 %all-- 7,i7 be select$ f among (fic]s-- 7aa7 appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate2 & 7bb7 ) duties relat+ to ! programs ( ! ,corporation2 & 7,,ii7 s]ve on ! ,bo>d at ! pleasure ( ! ,presid5t4 7,c7 ,nongov]nm5t memb]s ,a memb] ( ! ,bo>d describ$ 9 subp>agraph 7,a77iii7-- 7i7 may n be an (fic] or employee ( ! ,f$]al ,gov]nm5t2 7ii7 %all h relevant exp]i5ce to c>ry out ! purpose ( ! ,corporation1 :i* may include exp]i5ce relat+ to ! private sector1 ! environm5t1 labor organizations1 or economic developm5t2 7iii7 %all be appo9t$ = a t]m ( #h ye>s & may be reappo9t$ = #a additional t]m2 7iv7 %all s]ve until ! successor ( ! memb] is appo9t$ & confirm$2 7v7 %all be comp5sat$ at a rate equival5t to ! rate "u level ,,iv ( ! ,executive ,s*$ule "u section #ecae ( title #e1 ,unit$ ,/ates ,code1 :5 engag$ 9 ! bus9ess ( ! ,corporation2 & 7vi7 may be paid p] diem 9 lieu ( subsi/5ce at ! applicable rate "u ! ,f$]al ,travel ,regulation "u subtitle ,f ( title #da1 ,code ( ,f$]al ,regulations1 or any successor regulations1 f "t to "t1 :ile away f ! home or usual place ( bus9ess ( ! memb]4 7,d7 ,/agg]$ t]ms ,not)/&+ subp>agraph 7,c77iii71 9 appo9t+ ! initial memb]s ( ! ,bo>d describ$ 9 subp>agraph 7,c71 ! ,presid5t %all /agg] ! t]ms ( ! memb]s s t1 dur+ any #b-ye> p]iod1 ! t]m ( n m ?an #a memb] ends4 7#c7 ,*airp]son ,! ,secret>y ( ! ,treasury1 or ! designee ( ! ,secret>y "u p>agraph 7#b77;,b77i77,i71 %all s]ve z ! ,*airp]son ( ! ,bo>d4 7#d7 ,vice ,*airp]son ,! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration1 or ! designee ( ! ,adm9i/rator "u p>agraph 7#b77;,b77i77,,ii71 %all s]ve z ! ,vice ,*airp]son ( ! ,bo>d4 7#e7 ,quorum #e memb]s ( ! ,bo>d %all con/itute a quorum = ! transaction ( bus9ess by ! ,bo>d4 7#f7 ,affirmation ( mission ,! memb]s ( ! ,bo>d %all affirm support = ! mission & objectives ( ! ,corporation4 7c7 ,public he>+s ,! ,bo>d %all hold n less ?an #b public he>+s annually 9 ord] to af=d an opportunity = any p]son to pres5t views ) respect to :e!r-- 7#a7 ! ,corporation is c>ry+ out its activities 9 accordance ) ?is ,act2 & 7#b7 any support provid$ by ! ,corporation "u title ,,ii %\ld be susp5d$1 exp&$1 or ext5d$4 7d7 ,*ief ,executive ,(fic] 7#a7 ,appo9tm5t ,!re %all be )9 ! ,corporation a ,*ief ,executive ,(fic]1 :o %all-- 7,a7 be appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate2 & 7,b7 s]ve at ! pleasure ( ! ,presid5t4 7#b7 ,au?orities & duties ,! ,*ief ,executive ,(fic] %all-- 7,a7 be responsible = ! managem5t ( ! ,corporation2 & 7,b7 ex]cise ! p[]s & dis*>ge ! duties ( ! ,corporation subject to ! bylaws1 rules1 regulations1 & proc$ures e/abli%$ by ! ,bo>d4 7#c7 ,relation%ip to ,bo>d ,! ,*ief ,executive ,(fic] %all report to1 & be "u ! direct au?ority (1 ! ,bo>d4 7#d7 ,comp5sation ,section #ecac ( title #e1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 ,*ief ,executive ,(fic]1 ,indu/rial ,f9ance ,corporation ( ! ,unit$ ,/ates4 4 7e7 ,deputy ,*ief ,executive ,(fic] ,!re %all be )9 ! ,corporation a ,deputy ,*ief ,executive ,(fic]1 :o %all-- 7#a7 be appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate2 & 7#b7 s]ve at ! pleasure ( ! ,presid5t4 7f7 ,*ief ,risk ,(fic] 7#a7 ,appo9tm5t ,subject to ! approval ( ! ,bo>d1 ! ,*ief ,executive ,(fic] ( ! ,corporation %all appo9t a ,*ief ,risk ,(fic]1 f among individuals ) exp]i5ce at a s5ior level 9 f9ancial risk managem5t1 :o %all-- 7,a7 report directly to ! ,bo>d2 & 7,b7 be removable only by a majority vote ( ! ,bo>d4 7#b7 ,duties ,! ,*ief ,risk ,(fic]1 9 coord9ation ) ! audit committee ( ! ,bo>d e/abli%$ "u section #dja7;a71 %all develop1 implem5t1 & manage a compreh5sive process = id5tify+1 assess+1 monitor+1 & limit+ risks to ! ,corporation1 includ+ ! ov]all portfolio div]sification ( ! ,corporation4 7g7 ,*ief ,developm5t ,(fic] 7#a7 ,appo9tm5t ,subject to ! approval ( ! ,bo>d1 ! ,*ief ,executive ,(fic] %all appo9t a ,*ief ,developm5t ,(fic]1 :o %all-- 7,a7 report directly to ! ,bo>d2 & 7,b7 be removable only by a majority vote ( ! ,bo>d4 7#b7 ,duties ,! ,*ief ,developm5t ,(fic] %all-- 7,a7 9 coord9ation ) ! ,*ief ,te*nology & ,data ,(fic]1 develop1 track1 & report metrics to assess ! impact ( ! activities ( ! ,corporation ) respect to ! policies describ$ 9 section #ajb7;c72 7,b7 conv5e pot5tial inve/m5t p>tn]s :o c provide additional private inve/m5ts into projects & companies support$ by ! ,corporation2 7,c7 coord9ate ! developm5t policies & implem5tation ef=ts ( ! ,corporation )-- 7i7 ! ,export-,import ,bank ( ! ,unit$ ,/ates2 7ii7 ! ,unit$ ,/ates ,int]national ,dome/ic ,f9ance ,corporation2 7iii7 ! ,dep>tm5t ( ,comm]ce2 7iv7 ! ,small ,bus9ess ,adm9i/ration2 7v7 ! ,manufactur+ ,,usa ,in/itutes describ$ 9 section #cd7;d7 ( ! ,national ,in/itute ( ,/&>ds & ,te*nology ,act 7#ae ,u4,s4,c4 #bghs7d772 7vi7 ! manufactur+ ext5sion c5t]s e/abli%$ "u section #be7;b7 ( ! ,national ,in/itute ( ,/&>ds & ,te*nology ,act 7#ae ,u4,s4,c4 #bghk7b772 7vii7 ! ,(fice ( ,sci5ce & ,te*nology ,policy2 & 7viii7 o!r relevant ,f$]al ag5cies2 7,d7 au?orize & coord9ate transf]s ( funds or o!r res\rces to & f ! ,f$]al ag5cies describ$ 9 subp>agraph 7,c7 or ,f$]al missions ^u ! concurr5ce ( ^? ag5cies or missions 9 support ( ! projects ( ! ,corporation2 & 7,e7 s]ve z an ex (ficio memb] ( ! ,advisory ,c\ncil e/abli%$ "u subsection 7j7 & p>ticipate 91 or s5d a repres5tative to1 ea* meet+ ( t ,c\ncil4 7h7 ,*ief ,te*nology & ,data ,(fic] 7#a7 ,appo9tm5t ,subject to ! approval ( ! ,bo>d1 ! ,*ief ,executive ,(fic] %all appo9t a ,*ief ,te*nology & ,data ,(fic]1 :o %all-- 7,a7 report directly to ! ,bo>d2 & 7,b7 be removable only by a majority vote ( ! ,bo>d4 7#b7 ,duties ,! ,*ief ,te*nology & ,data ,(fic] %all ensure t ! ,corporation-- 7,a7 collects prop] data f ea* project2 & 7,b7 develops & implem5ts prop] data analytics )9 ! ,corporation to ensure t ! ,corporation c analyze ! data collect$ "u subp>agraph 7,a7 to-- 7i7 9 coord9ation ) ! ,*ief ,developm5t ,(fic]1 measure ! impact ( ! activities ( ! ,corporation on ! policies describ$ 9 section #ajb7;c72 7ii7 in=m future activities ( ! ,corporation2 & 7iii7 provide publicly available report+ on ! activities ( ! ,corporation1 includ+ ! impacts describ$ 9 clause 7i74 7i7 ,(fic]s & employees 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is section1 ea* (fic]1 employee1 & ag5t ( ! ,corporation %all be-- 7,a7 select$ & appo9t$ by ! ,corporation2 & 7,b7 ve/$ ) su* p[]s & duties z ! ,corporation may det]m9e4 7#b7 ,adm9i/ratively det]m9$ employees 7,a7 ,appo9tm5t2 comp5sation2 removal ,( ! (fic]s1 employees1 & ag5ts appo9t$ by ! ,corporation "u p>agraph 7#a71 n m ?an #bej may be appo9t$1 comp5sat$1 or remov$ )\t reg>d to ! provisions ( title #e1 ,unit$ ,/ates ,code4 7,b7 ,re9/atem5t ,"u su* regulations z ! ,presid5t may prescribe1 an (fic]1 employee1 or ag5t appo9t$ to a position "u subp>agraph 7,a7 may be entitl$1 ^u removal f su* position 7unless ! removal 0 = cause71 to-- 7i7 if ! (fic]1 employee1 or ag5t occupi$ a position 9 ! ,f$]al ,gov]nm5t on ! day be=e ! date on :i* ! (fic]1 employee1 or ag5t 0 appo9t$ to ! ,corporation "u subp>agraph 7,a71 re9/atem5t to t position2 or 7ii7 appo9tm5t to a position ( comp>able grade & sal>y4 7,c7 ,additional positions ,! (fic]s1 employees1 & ag5ts describ$ 9 subp>agraph 7,a7 %all be 9 addition to (fic]s1 employees1 & ag5ts o!rwise au?oriz$ by law1 includ+ 9 positions au?oriz$ "u section #eajh ( title #e1 ,unit$ ,/ates ,code4 7,d7 ,rates ( pay = (fic]s & employees ,! ,corporation may set & adju/ rates ( basic pay = (fic]s1 employees1 & ag5ts appo9t$ "u subp>agraph 7,a7 )\t reg>d to ! provisions ( *apt] #ea or sub*apt] ,,iii ( *apt] #ec ( title #e1 ,unit$ ,/ates ,code1 relat+ to classification ( positions & ,g5]al ,s*$ule pay rates1 respectively4 7#c7 ,liability ( employees 7,a7 ,9 g5]al ,an individual :o is a memb] ( ! ,bo>d or an (fic] or employee ( ! ,corporation may n be liable "u ?is ,act ) respect to any claim aris+ out ( or result+ f any act or omission by ! individual )9 ! scope ( ! employm5t ( ! individual 9 connection ) any transaction by ! ,corporation4 7,b7 ,rule ( con/ruction ,subp>agraph 7,a7 %all n be con/ru$ to limit ! p]sonal liability ( an individual =-- 7i7 crim9al acts or omissions2 7ii7 willful or malici\s misconduct2 7iii7 acts or omissions = ! private ga9 ( ! individual or family memb]s ( ! individual2 or 7iv7 any o!r acts or omissions outside ! scope ( ! employm5t ( ! individual4 7,c7 ,conflicts ( int]e/ ,! ,corporation %all e/abli% & publi% proc$ures = avoid+ conflicts ( int]e/ on ! "p ( (fic]s & employees ( ! ,corporation & memb]s ( ! ,advisory ,c\ncil e/abli%$ "u subsection 7j74 7,d7 ,sav+s provision ,no?+ 9 ?is p>agraph %all be con/ru$-- 7i7 to affect-- 7,i7 any o!r immunities & protections t may be available to an individual describ$ 9 subp>agraph 7,a7 "u applicable law ) respect to a transaction describ$ 9 t subp>agraph2 or 7,,ii7 any o!r "r or rem$y aga9/ ! ,corporation1 aga9/ ! ,unit$ ,/ates "u applicable law1 or aga9/ any p]son o!r ?an an individual describ$ 9 subp>agraph 7,a7 p>ticipat+ 9 su* a transaction2 or 7ii7 to limit or alt] 9 any way ! immunities t are available "u applicable law = ,f$]al (fic]s & employees n describ$ 9 ?is p>agraph4 7j7 ,advisory ,c\ncil 7#a7 ,9 g5]al ,!re is e/abli%$ )9 ! ,corporation an ,advisory ,c\ncil to advise ! ,bo>d on developm5t objectives ( ! ,corporation ref]r$ to 9 ?is subsection z ! ,advisory ,c\ncil4 7#b7 ,memb]%ip ,! ,advisory ,c\ncil %all consi/ ( n m ?an #i memb]s appo9t$ by ! ,bo>d1 on ! recomm5dation ( ! ,*ief ,executive ,(fic] & ! ,*ief ,developm5t ,(fic] ( ! ,corporation1 f among individuals :o are broadly repres5tative (-- 7,a7 nongov]nm5tal organizations2 7,b7 ?9k tanks2 7,c7 advocacy organizations2 7,d7 f\ndations2 & 7,e7 o!r in/itutions engag$ 9 manufactur+ & work=ce developm5t4 7#c7 ,functions ,! ,bo>d %all call ^u memb]s ( ! ,advisory ,c\ncil1 ei!r collectively or individually1 to advise ! ,bo>d ) respect to-- 7,a7 ! ext5t to :i* ! ,corporation is meet+ ! m&ate ( ! ,corporation2 & 7,b7 any sugge/ions = improvem5ts ) respect to meet+ t m&ate1 includ+ project developm5t & implem5tation *all5ges & opportunities4 7#d7 ,p]man5ce ,section #ad ( ! ,f$]al ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app47 %all n apply to ! ,advisory ,c\ncil4 #ajd4 ,inspector ,g5]al ( ! ,corporation 7a7 ,9 g5]al ,section #h;,g7a77#b7 ( ! ,inspector ,g5]al ,act ( #aigh 7#e ,u4,s4,c4 ,app47 is am5d$ by ins]t+ ! ,indu/rial ,f9ance ,corporation ( ! ,unit$ ,/ates1 aft] ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation14 7b7 ,ov]sight indep5d5ce ,section #h;,g7a77#d7 ( ! ,inspector ,g5]al ,act ( #aigh 7#e ,u4,s4,c4 ,app47 is am5d$-- 7#a7 9 subp>agraph 7,i71 by /rik+ & at ! end2 7#b7 9 subp>agraph 7,j71 by add+ & at ! end2 & 7#c7 by add+ at ! end ! foll[+3 7,k7 ) respect to ! ,indu/rial ,f9ance ,corporation ( ! ,unit$ ,/ates1 su* t]m means ! ,bo>d ( ,directors ( ! ,indu/rial ,f9ance ,corporation ( ! ,unit$ ,/ates2 4 ,,ii ,au?orities #bja4 ,au?orities relat+ to provision ( support 7a7 ,9 g5]al ,9 c>ry+ out ?is title1 ! ,corporation %all-- 7#a7 ex]cise ! au?orities ( ! ,corporation only to ! ext5t t su* an ex]cise ( au?ority-- 7,a7 c>ries out a policy ( ! ,corporation1 z describ$ 9 section #ajb7;c72 7,b7 mitigates risks to ! taxpay]s ( ! ,unit$ ,/ates by %>+ risks ) private sector entities ?r\gh co-f9anc+ & /ructur+ ( tools2 & 7,c7 ensures t support provid$ "u ?is title is 9 addition to private sector res\rces by mobiliz+ private capital t w\ld o!rwise n be deploy$ )\t su* support2 & 7#b7 det]m9e-- 7,a7 ! "* & necessity ( ! obligations & exp5ditures ( ! ,corporation2 & 7,b7 ! mann] 9 :i* ! obligations & exp5ditures describ$ 9 subp>agraph 7,a7 %all be incurr$1 all[$1 & paid4 7b7 ,l5d+ & gu>anties 7#a7 ,9 g5]al ,! ,corporation may make loans or gu>anties ^u su* t]ms & conditions z ! ,corporation may det]m9e4 7#b7 ,applicability ( ,f$]al ,cr$it ,re=m ,act ( #aiij ,loans & gu>anties issu$ "u p>agraph 7#a7 %all be subject to ! requirem5ts ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa et seq474 7c7 ,programs & facilities ,! ,corporation may create programs1 facilities1 or o!r entities det]m9$ necess>y by ! ,corporation1 = ! purpose ( provid+ liquidity 9 m>kets & sectors integral to ! mission ( ! ,corporation1 by-- 7#a7 pur*as+ obligations or o!r int]e/s directly f ! issu]s ( ^? obligations or o!r int]e/s2 7#b7 pur*as+ obligations or o!r int]e/s 9 second>y m>kets or o!rwise2 or 7#c7 mak+ loans1 includ+ loans or o!r advances secur$ by collat]al4 7d7 ,equity inve/m5ts 7#a7 ,9 g5]al ,! ,corporation may1 z a m9ority inve/or1 support projects ) funds or use o!r me*anisms = ! purpose ( pur*as+1 & may make & fund commitm5ts to pur*ase1 inve/ 91 make pl$ges 9 respect (1 or o!rwise acquire1 equity or quasi-equity securities or %>es or f9ancial int]e/s ( any entity1 includ+ z a limit$ p>tn] or o!r inve/or 9 inve/m5t funds1 ^u su* t]ms & conditions z ! ,corporation may det]m9e4 7#b7 ,guidel9es & crit]ia ,! ,corporation %all develop guidel9es & crit]ia to require t ! use ( ! au?ority "u p>agraph 7#a7 ) respect to a project has a cle>ly def9$ developm5tal purpose1 tak+ into acc\nt ! foll[+ objectives3 7,a7 ,! support = ! project w\ld be m likely ?an n to sub/antially r$uce or ov]come ! effect ( an id5tifi$ m>ket imp]fection4 7,b7 ,! project w\ld n h proce$$1 or w\ld h be5 sub/antially delay$1 )\t ! support4 7,c7 ,! support w contribute positively to ! long-t]m comm]cial su/a9ability ( ! t>get indu/ry 9 ! ,unit$ ,/ates4 7,d7 ,! support fur!rs a policy ( ! ,corporation describ$ 9 section #ajb7;c74 7#c7 ,limitations on equity inve/m5ts 7,a7 ,p] project limit ,! aggregate am\nt ( support provid$ "u ?is subsection ) respect to any project %all n exce$ #cj p]c5t ( ! aggregate am\nt ( all equity inve/m5t made to ! project at ! "t t ! ,corporation approves support ( ! project1 except t su* p]c5tage may be rais$ ) ! unanim\s cons5t ( ! ,bo>d4 7,b7 ,total limit ,support provid$ "u ?is subsection %all be limit$ to n m ?an #ce p]c5t ( ! aggregate exposure ( ! ,corporation on ! date on :i* t support is provid$1 except t su* p]c5tage may be rais$ ) ! unanim\s cons5t ( ! ,bo>d4 7#d7 ,sales & liquidation ( position ,! ,corporation %all seek to sell & liquidate any support = a project provid$ "u ?is subsection z soon z comm]cially feasible1 tak+ into consid]ation-- 7,a7 ! actions ( o!r simil> inve/ors 9 ! project2 7,b7 h[ ! int]e/s ( ! taxpay]s ( ! ,unit$ ,/ates w be s]v$ ?r\gh equity inve/m5ts2 & 7,c7 ! national security int]e/s ( ! ,unit$ ,/ates4 7#e7 ,timetable ,! ,corporation %all create a project-specific timetable = support provid$ "u ?is subsection4 7e7 ,promotion ( & support = private inve/m5t opportunities 7#a7 ,9 g5]al ,9 ord] to c>ry out ! policies describ$ 9 section #ajb7;c71 ! ,corporation may initiate & support1 ?r\gh f9ancial p>ticipation1 inc5tive grants1 or o!rwise1 & "u su* t]ms & conditions z ! ,corporation may det]m9e1 feasibility /udies = ! plann+1 developm5t1 & managem5t (1 & procurem5t =1 pot5tial bilat]al & multilat]al projects eligible = support "u ?is title1 includ+ tra9+ activities und]tak5 9 connection ) ^? projects1 = ! purpose ( promot+ inve/m5t 9 ^? projects & ! id5tification1 assessm5t1 survey+1 & promotion ( private inve/m5t opportunities1 utiliz+ :]ev] feasible & effective1 ! facilities ( private inve/ors4 7#b7 ,contributions to co/s ,! ,corporation %all1 to ! maximum ext5t practicable1 require any p]son receiv+ funds "u ?is subsection to-- 7,a7 %>e ! co/s ( feasibility /udies & o!r project plann+ s]vices = :i* support is provid$ "u ?is subsection2 & 7,b7 if ! p]son succe$s 9 project implem5tation1 reimburse ! ,corporation = ! am\nt ( support provid$ by ! ,corporation to ! p]son "u ?is subsection4 7f7 ,special projects & programs ,! ,corporation may adm9i/] & manage special projects & programs 9 support ( specific transactions und]tak5 by ! ,corporation1 includ+ programs ( f9ancial & advisory support t provide private te*nical1 pr(essional1 or manag]ial assi/ance 9 ! developm5t ( human res\rces1 skills1 te*nology1 capital sav+s1 or int]m$iate f9ancial & inve/m5t in/itutions or coop]atives4 7g7 ,asset acquisition ,) respect to asset acquisition1 ! ,corporation may-- 7#a7 acquire tangible & intangible assets at fair m>ket value2 & 7#b7 engage 9 pur*ase ord] gu>antees4 7h7 ,ent]prise funds 7#a7 ,9 g5]al ,! ,corporation may1 foll[+ consultation ) ! ,secret>y ( ! ,treasury & ! heads ( o!r relevant ,f$]al dep>tm5ts or ag5cies1 e/abli% & op]ate ent]prise funds 9 accordance ) ?is subsection4 7#b7 ,private "* ( funds ,no?+ 9 ?is subsection may be con/ru$ to make-- 7,a7 an ent]prise fund e/abli%$ or op]at$ by ! ,corporation an ag5cy or e/abli%m5t ( ! ,unit$ ,/ates ,gov]nm5t2 or 7,b7 any (fic]1 employee1 or memb] ( ! bo>d ( directors ( an ent]prise fund describ$ 9 subp>agraph 7,a7 an (fic] or employee ( ! ,unit$ ,/ates4 7#c7 ,purposes = :i* support may be provid$ ,! ,corporation1 subject to ! approval ( ! ,bo>d1 may designate private1 nonpr(it organizations z eligible to receive support "u ?is subsection = ! foll[+ purposes3 7,a7 ,to promote ! developm5t ( dome/ic manufactur+1 ! comm]cialization ( advanc$ te*nologies1 & ! build+ ( resili5t supply *a9s4 7,b7 ,to facilitate access to cr$it or capital = small- & m$ium-siz$ ent]prises-- 7i7 9 indu/ry sectors or geographic areas ) limit$ means ( access+ cr$it on m>ket t]ms2 or 7ii7 ) own]s :o are memb]s ( demographic gr\ps t h hi/orically _h limit$ access to private capital4 7,c7 ,to complem5t ! "w ( ! ,small ,bus9ess ,adm9i/ration & ! ,economic ,developm5t ,adm9i/ration ( ! ,dep>tm5t ( ,comm]ce to improve ! ov]all bus9ess-enabl+ environm5t by f9anc+ ! expansion ( ! private bus9ess sector4 7,d7 ,to make f9ancially su/a9able inve/m5ts design$ to g5]ate measurable social b5efits & build te*nical capacity 9 addition to f9ancial returns4 7#d7 ,op]ation ( funds 7,a7 ,exp5ditures ,funds made available to an ent]prise fund e/abli%$ or op]at$ "u ?is subsection %all be exp5d$ at ! m9imum rate necess>y to make timely paym5ts = projects & activities c>ri$ out "u ?is subsection4 7,b7 ,adm9i/rative exp5ses ,n m ?an #c p]c5t p] annum ( ! funds made available to an ent]prise fund e/abli%$ or op]at$ "u ?is subsection may be obligat$ or exp5d$ = ! adm9i/rative exp5ses ( ! ent]prise fund4 7#e7 ,bo>d ( directors ,ea* ent]prise fund e/abli%$ or op]at$ "u ?is subsection %all be gov]n$ by a bo>d ( directors compris$ ( private citiz5s ( ! ,unit$ ,/ates-- 7,a7 :o-- 7i7 %all be appo9t$ by ! ,presid5t aft] consultation ) ! *airm5 & rank+ memb]s ( ! appropriate congressional committees2 7ii7 h pursu$ c>e]s 9 innovative te*nologies or manufactur+2 & 7iii7 h demon/rat$ exp]tise 9 inve/m5t activities2 & 7,b7 a majority ( :om %all-- 7i7 be citiz5s ( ! ,unit$ ,/ates2 & 7ii7 h relevant exp]i5ce relat+ to ! purposes describ$ 9 p>agraph 7#c74 7#f7 ,reports ,n lat] ?an #a ye> aft] ! date on :i* an ent]prise fund is e/abli%$ "u ?is subsection1 & annually !reaft] until ! ent]prise fund t]m9ates 9 accordance ) p>agraph 7#i71 ! bo>d ( directors ( ! ent]prise fund %all-- 7,a7 submit to ! appropriate congressional committees a report-- 7i7 detail+ ! adm9i/rative exp5ses ( ! ent]prise fund dur+ ! ye> cov]$ by ! report2 7ii7 describ+ ! op]ations1 activities1 engagem5t ) civil society & relevant local private sector entities1 developm5t objectives & outcomes1 f9ancial condition1 & accompli%m5ts ( ! ent]prise fund dur+ ! ye> cov]$ by ! report2 7iii7 describ+ ! results ( any audit conduct$ "u p>agraph 7#g7 dur+ ! ye> cov]$ by ! report2 & 7iv7 describ+ h[ audits conduct$ "u p>agraph 7#g7 dur+ ! ye> cov]$ by ! report are in=m+ ! op]ations & activities ( ! ent]prise fund = ! ye> 9 :i* ! report is submitt$2 & 7,b7 publi%1 on a publicly available int]net website ( ! ent]prise fund1 ea* report requir$ "u subp>agraph 7,a74 7#g7 ,ov]sight 7,a7 ,inspector ,g5]al p]=mance audits 7i7 ,9 g5]al ,! ,inspector ,g5]al ( ! ,corporation %all conduct p]iodic audits ( ! activities ( ea* ent]prise fund e/abli%$ "u ?is subsection4 7ii7 ,consid]ation ,9 conduct+ an audit "u clause 7i71 ! ,inspector ,g5]al %all assess :e!r ! activities ( ! ent]prise fund-- 7,i7 support ! purposes describ$ 9 p>agraph 7#c72 7,,ii7 result 9 pr(itable private sector inve/+2 & 7,,iii7 g5]ate measurable economic & social b5efits4 7,b7 ,recordkeep+ requirem5ts ,! ,corporation %all ensure t ea* ent]prise fund receiv+ support "u ?is subsection-- 7i7 keeps sep>ate acc\nts ) respect to t support2 & 7ii7 ma9ta9s su* records z may be reasonably necess>y to facilitate effective audits "u ?is p>agraph4 7#h7 ,return ( funds to ! corporate capital acc\nt ,any funds result+ f any liquidation1 dissolution1 or w9d+ up ( an ent]prise fund1 9 :ole or 9 "p1 %all be return$ to ! ,corporate ,capital ,acc\nt e/abli%$ "u section #cjd7;b74 7#i7 ,t]m9ation ,! au?ority ( an ent]prise fund to provide support "u ?is subsection %all t]m9ate on ! e>li] (-- 7,a7 ! date t is #aj ye>s aft] ! date on :i* am\nts f ! ent]prise fund are fir/ exp5d$2 or 7,b7 ! date on :i* ! ent]prise fund is liquidat$4 7i7 ,/ructur$ f9ance ,) respect to /ructur$ f9ance1 ! ,corporation may-- 7#a7 securitize an inve/m5t describ$ 9 any ( subsections 7a7 ?r\gh 7h72 & 7#b7 design & provide se$ fund+ = new f9anc+ vehicles t aggregate inve/$ funds f bus9esses ) n m ?an #ejj employees 9 ord] to attract l>g] private capital provid]s1 su* z p5sion funds4 7j7 ,small bus9ess developm5t 7#a7 ,9 g5]al ,! ,corporation1 9 coop]ation ) appropriate dep>tm5ts1 ag5cies1 & in/rum5talities ( ! ,unit$ ,/ates1 z well z private entities & o!rs1 %all und]take activities to broad5 ! p>ticipation ( ,unit$ ,/ates small bus9esses & coop]atives1 & o!r small ,unit$ ,/ates inve/ors1 9 ! developm5t ( small private ent]prise4 7#b7 ,outrea* to m9ority-own$ & wom5-own$ bus9esses 7,a7 ,9 g5]al ,! ,corporation %all collect data on ! involvem5t ( m9ority- & wom5-own$ bus9esses 9 projects1 includ+-- 7i7 ! am\nt ( insurance & f9anc+ provid$ by ! ,corporation to ^? bus9esses 9 connection ) projects support$ by ! ,corporation2 & 7ii7 to ! ext5t su* in=mation is available1 ! involvem5t ( ^? bus9esses 9 procurem5t activities conduct$ or support$ by ! ,corporation4 7,b7 ,inclusion 9 annual report ,! ,corporation %all include1 9 ea* annual report submitt$ "u section #djc1 ! aggregate data collect$ "u ?is p>agraph1 9 su* =m z to quantify ! effectiv5ess ( ! outrea* activities ( ! ,corporation ) respect to m9ority- & wom5-own$ bus9esses4 7k7 ,private inve/m5t vehicles ,9 addition to ! o!r au?orities "u ?is section1 ! ,corporation may1 z ! ,*ief ,executive ,(fic] ( ! ,corporation det]m9es necess>y1 create or p>ticipate 9 any o!r inve/m5t vehicle us$ by inve/ors 9 ! private sector1 z det]m9$ by ! ,*ief ,executive ,(fic]4 #bjb4 ,t]ms & conditions 7a7 ,9 g5]al ,except z provid$ 9 subsection 7b71 support provid$ by ! ,corporation "u ?is title %all be on su* t]ms & conditions z ! ,corporation may prescribe4 7b7 ,requirem5ts ,! foll[+ requirem5ts apply to support provid$ by ! ,corporation "u ?is title3 7#a7 ,! ,corporation %all provide support us+ au?orities "u ?is title only if x is necess>y-- 7,a7 to alleviate a cr$it or capital m>ket imp]fection2 or 7,b7 to a*ieve specifi$ developm5t objectives ( ! ,gov]nm5t by provid+ support 9 ! mo/ effici5t way to meet ^? objectives on a case-by-case basis4 7#b7 ,! f9al maturity ( a loan made or gu>ante$ by ! ,corporation %all n exce$ ! less] (-- 7,a7 #cj ye>s2 or 7,b7 ! debt s]vic+ capabilities ( ! project to be f9anc$ by ! loan1 z det]m9$ by ! ,corporation4 7#c7 ,! ,corporation %all1 ) respect to provid+ any loan gu>anty to a project1 require ! p>ties to ! project to be> ! risk ( loss 9 an am\nt equal to n less ?an #bj p]c5t ( ! gu>ante$ support by ! ,corporation 9 ! project4 7#d7 ,! ,corporation may n make or gu>antee a loan unless ! ,corporation det]m9es t ! borr[] or l5d] is responsible & t adequate provision is made = s]vic+ ! loan on reasonable t]ms & protect+ ! f9ancial int]e/ ( ! ,unit$ ,/ates4 7#e7 ,! int]e/ rate = direct loans & int]e/ supplem5ts on gu>ante$ loans %all be set by ref]5ce to a b5*m>k int]e/ rate 7yield7 on m>ketable ,treasury securities or o!r widely recogniz$ or appropriate b5*m>ks ) a simil> maturity to ! loans be+ made or gu>ante$1 z det]m9$ 9 consultation ) ! ,director ( ! ,(fice ( ,managem5t & ,budget & ! ,secret>y ( ! ,treasury4 ,! ,corporation %all e/abli% appropriate m9imum int]e/ rates = loans1 gu>anties1 & o!r in/rum5ts z necess>y4 7#f7 ,! m9imum int]e/ rate = new loans z e/abli%$ by ! ,corporation %all be adju/$ p]iodically to take acc\nt ( *anges 9 ! int]e/ rate ( ! b5*m>k f9ancial in/rum5t4 7#g7 7,a7 ,! ,corporation %all set fees or premiums = support provid$ "u ?is title at levels t m9imize ! co/ to ! ,gov]nm5t :ile support+ a*ievem5t ( ! objectives ( support4 7,b7 ,! ,corporation %all review fees = loan gu>anties p]iodically to ensure t ! fees assess$ on new loan gu>anties are at a level suffici5t to cov] ! mo/ rec5t e/imates ( ! ,corporation ( ! co/s ( ! ,corporation4 7#h7 ,any loan gu>anty provid$ by ! ,corporation %all be conclusive evid5ce t-- 7,a7 ! gu>anty has be5 prop]ly obta9$2 7,b7 ! loan qualifi$ = ! gu>anty2 & 7,c7 b = fraud or mat]ial misrepres5tation by ! hold] ( ! gu>anty1 ! gu>anty is presum$ to be valid1 legal1 & en=ceable4 7#i7 ,! ,corporation %all prescribe explicit /&>ds = use 9 p]iodically assess+ ! cr$it risk ( new & exi/+ direct loans or gu>ante$ loans4 7#aj7 ,! ,corporation may n make loans or loan gu>anties except to ! ext5t t budget au?ority to cov] ! co/s ( ! loans or gu>anties is provid$ 9 advance 9 an appropriations ,act1 z requir$ by section #ejd ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;c74 7#aa7 ,! ,corporation %all rely ^u specific /&>ds to assess ! developm5tal & /rategic value ( projects & %\ld only provide ! m9imum level ( support necess>y 9 ord] to support su* projects4 7#ab7 ,any loan or loan gu>anty made by ! ,corporation %\ld be provid$ on a s5ior basis or p>i passu ) o!r s5ior debt unless !re is a sub/antive policy rationale to provide t support o!rwise4 #bjc4 ,paym5t ( losses 7a7 ,paym5ts = defaults on gu>ante$ loans 7#a7 ,9 g5]al ,if ! ,corporation det]m9es t ! hold] ( a loan gu>ante$ by ! ,corporation suff]s a loss z a result ( a default by a borr[] on ! loan1 ! ,corporation %all pay to ! hold] ! p]c5t ( ! loss1 z specifi$ 9 ! gu>anty contract1 aft] ! hold] ( ! loan has made su* fur!r collection ef=ts & in/itut$ su* en=cem5t proce$+s z ! ,corporation may require4 7#b7 ,subrogation ,^u mak+ a paym5t describ$ 9 p>agraph 7#a71 ! ,corporation %all ensure ! ,corporation w be subrogat$ to all ! rights ( ! recipi5t ( ! paym5t4 7#c7 ,recov]y ef=ts ,! ,corporation %all pursue recov]y f ! borr[] ( ! am\nt ( any paym5t made "u p>agraph 7#a7 ) respect to ! loan4 7b7 ,limitation on paym5ts 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 comp5sation = insurance1 re9surance1 or a gu>anty issu$ "u ?is title %all n exce$ ! doll> value ( ! tangible or intangible contributions or commitm5ts made 9 ! project1 plus int]e/1 e>n+s1 or pr(its actually accru$ on ^? contributions or commitm5ts1 to ! ext5t provid$ by ! insurance1 re9surance1 or gu>anty4 7#b7 ,exception 7,a7 ,9 g5]al ,! ,corporation may provide t-- 7i7 appropriate adju/m5ts 9 ! insur$ doll> value be made to reflect ! replacem5t co/ ( project assets2 & 7ii7 comp5sation = a claim ( loss "u insurance ( an equity inve/m5t "u section #bja7;d7 may be comput$ on ! basis ( ! net book value attributable to ! equity inve/m5t on ! date ( loss4 7#c7 ,additional limitation 7,a7 ,9 g5]al ,not)/&+ p>agraph 7#b77;,a77ii7 & except z provid$ 9 subp>agraph 7,b71 ! ,corporation %all limit ! am\nt ( direct insurance & re9surance issu$ "u section #bja ) respect to a project s z to require t ! insur$ & affiliates ( ! insur$ be> ! risk ( loss = n less ?an #aj p]c5t ( ! am\nt ( ! exposure ( ! ,corporation to t insur$ & affiliates ( ! insur$ 9 ! project4 7,b7 ,exception ,! limitation "u subp>agraph 7,a7 %all n apply to direct insurance or re9surance ( loans provid$ by banks or o!r f9ancial in/itutions to unrelat$ p>ties4 7c7 ,actions by ,attorney ,g5]al ,! ,attorney ,g5]al %all take su* action z may be appropriate to en=ce any "r accru+ to ! ,unit$ ,/ates z a result ( ! issuance ( any loan or loan gu>anty "u ?is title4 7d7 ,rule ( con/ruction ,no?+ 9 ?is section %all be con/ru$ to preclude any =be>ance = ! b5efit ( a borr[] t may be agre$ ^u by ! p>ties to a loan gu>ante$ by ! ,corporation if budget au?ority = any result+ co/s to ! ,gov]nm5t1 z def9$ 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;a71 is available4 ,,iii ,adm9i/rative & g5]al provisions #cja4 ,op]ations 7a7 ,9 g5]al ,! ,corporation may sue & be su$ 9 its corporate "n4 7b7 ,judicial rem$y ,a c\rt ( compet5t jurisdiction may prescribe a judicial rem$y to ! prevail+ p>ty 9 a lawsuit involv+ ! ,corporation4 7c7 ,claims settlem5t 7#a7 ,9 g5]al ,! ,corporation may1 on su* t]ms & conditions z ! ,corporation may det]m9e-- 7,a7 settle claims aris+ z a result ( support provid$ "u title ,,ii2 & 7,b7 arbitrate disputes aris+ z a result ( support provid$ "u title ,,ii ) ! cons5t ( ! p>ties4 7#b7 ,settlem5ts conclusive ,not)/&+ any o!r provision ( law1 a paym5t made "u any settlem5t agreem5t ent]$ into "u p>agraph 7#a77;,a71 or z a result ( an arbitration aw>d aw>d$ "u p>agraph 7#a77;,b71 %all be f9al & conclusive4 7d7 ,electronic paym5ts & docum5ts ,! ,corporation %all implem5t policies to accept electronic docum5ts & electronic paym5ts 9 e program ( ! ,corporation4 #cjb4 ,corporate p[]s 7a7 ,9 g5]al ,! ,corporation-- 7#a7 may adopt1 alt]1 & use a seal1 :i* may include an id5tifiable symbol ( ! ,unit$ ,/ates2 7#b7 not)/&+ division ,c ( subtitle ,i ( title #da1 ,unit$ ,/ates ,code1 may make & p]=m ) any p]son contracts1 includ+ no-co/ contracts 7z def9$ by ! ,corporation71 grants1 & o!r agreem5ts1 t are necess>y = c>ry+ out ! functions ( ! ,corporation2 7#c7 may lease1 pur*ase1 or o!rwise acquire1 improve1 & use real prop]ty t is necess>y to c>ry out ! functions ( ! ,corporation2 7#d7 may accept ca% gifts or donations ( s]vices or ( prop]ty 7real1 p]sonal1 or mix$71 tangible or intangible1 = ! purpose ( c>ry+ out ! functions ( ! ,corporation2 7#e7 may use ! ,unit$ ,/ates mails 9 ! same mann] & on ! same conditions z ! ,executive dep>tm5ts 7z def9$ 9 section #aja ( title #e1 ,unit$ ,/ates ,code72 7#f7 may contract ) individuals = p]sonal s]vices1 :o %all n be consid]$ ,f$]al employees = any provision ( law adm9i/]$ by ! ,director ( ! ,(fice ( ,p]sonnel ,managem5t2 7#g7 may hire or obta9 pass5g] motor vehicles2 7#h7 may acquire1 hold1 or dispose (1 ^u su* t]ms & conditions z ! ,corporation may det]m9e1 any prop]ty1 real1 p]sonal1 or mix$1 tangible or intangible1 or any int]e/ 9 su* prop]ty2 7#i7 may lease (fice space = ! ,corporation's own use1 ) ! obligation ( am\nts = su* lease limit$ to ! curr5t fiscal ye> = :i* paym5ts are due until ! expiration ( ! curr5t lease "u pr$ecessor au?ority1 z ( ! day be=e ! date ( enactm5t ( ?is ,act2 7#aj7 may indemnify directors1 (fic]s1 employees1 & ag5ts ( ! ,corporation = liabilities & exp5ses incurr$ 9 connection ) _! activities on behalf ( ! ,corporation2 7#aa7 not)/&+ any o!r provision ( law1 may repres5t itself or contract = repres5tation 9 any legal or arbitral proce$+2 7#ab7 may ex]cise any priority ( ! ,gov]nm5t ( ! ,unit$ ,/ates 9 collect+ debts f bankrupt1 insolv5t1 or dec$5ts' e/ates2 7#ac7 may collect1 not)/&+ section #cgaa7;g77#a7 ( title #ca1 ,unit$ ,/ates ,code1 or compromise any obligations assign$ to or held by ! ,corporation1 includ+ any legal or equitable rights accru+ to ! ,corporation2 7#ad7 may sell direct inve/m5ts ( ! ,corporation to private inve/ors ^u su* t]ms & conditions z ! ,corporation may det]m9e2 & 7#ae7 %all h su* o!r p[]s z may be necess>y & incid5t to c>ry+ out ! functions ( ! ,corporation4 7b7 ,treatm5t ( prop]ty ,not)/&+ any o!r provision ( law relat+ to ! acquisition1 h&l+1 or disposal ( prop]ty by ! ,unit$ ,/ates1 ! ,corporation %all h ! "r 9 its discretion to complete1 recondition1 recon/ruct1 r5ovate1 repair1 ma9ta91 op]ate1 or sell any prop]ty acquir$ by ! ,corporation pursuant to ! provisions ( ?is ,act4 #cjc4 ,maximum cont+5t liability 7a7 ,9 g5]al ,! maximum cont+5t liability ( ! ,corporation out/&+ at any "t %all n exce$ 9 ! aggregate ! great] (-- 7#a7 ! am\nt specifi$ 9 subsection 7b72 or 7#b7 an am\nt equal to #aj times ! balance ( ! ,corporate ,capital ,acc\nt4 7b7 ,am\nt specifi$ 7#a7 ,initial #e-ye> p]iod ,! am\nt specifi$ 9 ?is subsection = ! #e-ye> p]iod beg9n+ on ! date ( enactm5t ( ?is ,act is #ejj1jjj1jjj1jjj4 7#b7 ,subsequ5t #e-ye> p]iods ,n lat] ?an #e ye>s aft] ! date ( enactm5t ( ?is ,act1 & n less frequ5tly ?an e #e ye>s !reaft]1 ! am\nt specifi$ 9 p>agraph 7#a7 %all be adju/$ to reflect ! p]c5tage ( ! increase 7if any7 9 ! av]age ( ! ,consum] ,price ,index = ,all ,urban ,consum]s publi%$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor dur+ ! prec$+ #e-ye> p]iod4 #cjd4 ,corporate funds 7a7 ,def9itions ,9 ?is section3 7#a7 ,adm9i/rative exp5ses ,! t]m adm9i/rative exp5ses does n include project-specific transaction co/s4 7#b7 ,co/ ,! t]m co/ has ! mean+ giv5 ! t]m 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;a74 7#c7 ,in=mation te*nology ,! t]m in=mation te*nology has ! mean+ giv5 ! t]m 9 section #aaaja ( title #dj1 ,unit$ ,/ates ,code4 7#d7 ,project-specific transaction co/s ,! t]m project-specific transaction co/s-- 7,a7 means ^? co/s incurr$ by ! ,corporation = travel1 legal exp5ses1 & direct & indirect co/s incurr$ 9 claims settlem5ts associat$ ) ! provision ( support "u title2 & 7,b7 does n include in=mation te*nology4 7b7 ,corporate ,capital ,acc\nt ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a fund to be kn[n z ! ,corporate ,capital ,acc\nt to c>ry out ! purposes ( ! ,corporation4 7c7 ,fund+ ,! ,corporate ,capital ,acc\nt %all consi/ (-- 7#a7 fees *>g$ & collect$ pursuant to subsection 7d72 7#b7 any am\nts receiv$ pursuant to subsection 7f72 7#c7 inve/m5ts & returns on su* inve/m5ts pursuant to subsection 7h72 7#d7 unexp5d$ balances transf]r$ to ! ,corporation2 7#e7 paym5ts receiv$ 9 connection ) settlem5ts ( all insurance & re9surance claims ( ! ,corporation2 & 7#f7 all o!r collections transf]r$ to or e>n$ by ! ,corporation1 exclud+ ! co/ ( loans & loan gu>anties4 7d7 ,fee au?ority ,fees may be *>g$ & collect$ = provid+ s]vices 9 am\nts to be det]m9$ by ! ,corporation4 7e7 ,uses 7#a7 ,9 g5]al ,subject to ,acts mak+ appropriations1 ! ,corporation is au?oriz$ to pay-- 7,a7 ! co/ ( loans & loan gu>anties2 7,b7 adm9i/rative exp5ses ( ! ,corporation2 7,c7 = ! co/ ( provid+ support au?oriz$ by subsections 7c71 7e71 7f71 & 7g7 ( section #bja2 & 7,d7 project-specific transaction co/s4 7#b7 ,income & rev5ue ,9 ord] to c>ry out ! purposes ( ! ,corporation1 all collections transf]r$ to or e>n$ by ! ,corporation1 exclud+ ! co/ ( loans & loan gu>anties1 %all be deposit$ into ! ,corporate ,capital ,acc\nt & %all be available to c>ry out its purpose1 includ+ )\t limitation-- 7,a7 paym5t ( all insurance & re9surance claims ( ! ,corporation2 7,b7 repaym5ts to ! ,treasury ( am\nts borr[$ "u subsection 7f72 & 7,c7 divid5d paym5ts to ! ,treasury "u subsection 7g74 7f7 ,full fai? & cr$it 7#a7 ,9 g5]al ,all support provid$ pursuant to pr$ecessor au?orities or title ,,ii %all cont9ue to con/itute obligations ( ! ,unit$ ,/ates1 & ! full fai? & cr$it ( ! ,unit$ ,/ates is h]eby pl$g$ = ! full paym5t & p]=mance ( su* obligations4 7#b7 ,bonds ,) ! approval ( ! ,secret>y ( ! ,treasury1 ! ,corporation is au?oriz$ to issue bonds1 notes1 deb5tures1 & o!r simil> obligations1 subject to ! maximum cont+5t liability e/abli%$ 9 ,section #cjc4 ,su* obligations %all be 9 su* =ms & d5om9ations1 %all h su* maturities1 %all be> su* rates ( int]e/1 %all be subject to su* t]ms & conditions1 & %all be issu$ 9 su* mann] & sold at su* prices z may be prescrib$ by ! ,corporation ) ! approval ( ! ,secret>y ( ! ,treasury4 ,su* obligations %all be fully & unconditionally gu>ante$ bo? z to int]e/ & pr9cipal by ! ,unit$ ,/ates1 & su* gu>anty %all be express$ on ! face !re(1 & su* obligations %all be lawful inve/m5ts & may be accept$ z security = all fiduci>y1 tru/1 & public funds ! inve/m5t or deposit ( :i* %all be "u ! au?ority or control ( ! ,unit$ ,/ates or any (fic] or (fic]s !re(4 7#c7 ,au?ority to borr[ ,! ,corporation is au?oriz$ to borr[ f ! ,treasury su* sums z may be necess>y to fulfill su* obligations ( ! ,unit$ ,/ates & any su* borr[+ %all be at a rate det]m9$ by ! ,secret>y ( ! ,treasury1 tak+ into consid]ation ! curr5t av]age m>ket yields on out/&+ m>ketable obligations ( ! ,unit$ ,/ates ( comp>able maturities1 = a p]iod jo9tly det]m9$ by ! ,corporation & ! ,secret>y1 & subject to su* t]ms & conditions z ! ,secret>y may require4 7#d7 ,treatm5t ( debt ,any obligation (1 or fully gu>ante$ by1 ! ,corporation %all be eligible = pur*ase "u section #ad7;b77#b7 ( ! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #cee7;b77#b774 7g7 ,divid5ds ,! ,bo>d1 9 consultation ) ! ,director ( ! ,(fice ( ,managem5t & ,budget1 %all annually assess a divid5d paym5t to ! ,treasury if ! ,corporation's insurance portfolio is m ?an #ajj p]c5t res]v$4 7h7 ,inve/m5t au?ority 7#a7 ,9 g5]al ,! ,corporation may reque/ ! ,secret>y ( ! ,treasury to inve/ su* portion ( ! ,corporate ,capital ,acc\nt z is n1 9 ! ,corporation's judgm5t1 requir$ to meet ! curr5t ne$s ( ! ,corporate ,capital ,acc\nt4 7#b7 ,=m ( inve/m5ts ,su* inve/m5ts %all be made by ! ,secret>y ( ! ,treasury 9 public debt obligations1 ) maturities suitable to ! ne$s ( ! ,corporate ,capital ,acc\nt1 z det]m9$ by ! ,corporation1 & be>+ int]e/ at rates det]m9$ by ! ,secret>y1 tak+ into consid]ation curr5t m>ket yields on out/&+ m>ketable obligations ( ! ,unit$ ,/ates ( comp>able maturities4 7i7 ,collections ,int]e/ e>n+s made pursuant to subsection 7h71 e>n+s collect$ relat$ to equity inve/m5ts1 & am\nts1 exclud+ fees relat$ to insurance or re9surance1 collect$ pursuant to subsection 7d71 %all n be collect$ = any fiscal ye> except to ! ext5t provid$ 9 advance 9 appropriations ,acts4 7j7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ #ej1jjj1jjj1jjj to ! ,corporate ,capital ,acc\nt4 ,,iv ,monitor+1 evaluation1 & report+ #dja4 ,e/abli%m5t ( risk & audit committees 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,corporation %all e/abli%-- 7#a7 a risk committee2 & 7#b7 an audit committee4 7b7 ,purpose ,! purpose ( ! committees e/abli%$ "u subsection 7a7 %all be to assi/ ! ,bo>d 9 fulfill+ ! duties & responsibilities ( ! ,bo>d "u section #bja7;a74 7c7 ,duties & responsibilities ( risk committee ,subject to ! direction ( ! ,bo>d1 ! risk committee e/abli%$ "u subsection 7a7 %all be responsible =-- 7#a7 =mulat+ risk managem5t policies ( ! op]ations ( ! ,corporation2 7#b7 review+ & provid+ guidance on ! op]ation ( ! global risk managem5t framework ( ! ,corporation2 7#c7 develop+ policies = ent]prise risk managem5t1 risk monitor+1 & ! managem5t ( /rategic1 reputational1 regulatory1 op]ational1 developm5tal1 environm5tal1 social1 & f9ancial risks2 & 7#d7 develop+ ! risk pr(ile ( ! ,corporation1 includ+ a risk managem5t & compliance framework & gov]nance /ructure to support su* framework4 7d7 ,duties & responsibilities ( audit committee ,subject to ! direction ( ! ,bo>d1 ! audit committee e/abli%$ "u subsection 7a7 be responsible =-- 7#a7 ! integrity (-- 7,a7 ! f9ancial report+ ( ! ,corporation2 7,b7 sy/ems ( int]nal controls relat+ to f9ance & acc\nt+ ( ! ,corporation2 & 7,c7 ! f9ancial /atem5ts ( ! ,corporation2 7#b7 ! p]=mance ( ! int]nal audit function ( ! ,corporation2 & 7#c7 ! compliance ( ! ,corporation ) legal & regulatory requirem5ts relat+ to ! f9ances ( ! ,corporation4 #djb4 ,p]=mance measures1 evaluation1 & le>n+ 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,corporation %all develop a p]=mance measurem5t sy/em to-- 7#a7 evaluate & monitor projects2 & 7#b7 guide future projects4 7b7 ,consid]ations ,9 develop+ ! p]=mance measurem5t sy/em requir$ "u subsection 7a71 ! ,corporation %all-- 7#a7 develop an impact measurem5t sy/em = measur+ ! net effect ( ! activities ( ! ,corporation on ! policies describ$ 9 section #ajb7;c72 7#b7 develop a me*anism = ensur+ t support provid$ by ! ,corporation = a project is 9 addition to private inve/m5t = ! project2 7#c7 develop /&>ds =1 & a me?od = ensur+1 appropriate f9ancial p]=mance ( ! portfolio ( ! ,corporation2 & 7#d7 develop /&>ds =1 & a me?od = ensur+1 appropriate p]=mance ( ! portfolio ( ! ,corporation1 includ+-- 7,a7 measurem5t ( ! project$ & ex po/ impact ( a project2 & 7,b7 ! in=mation necess>y to comply ) section #djc4 7c7 ,public availability ( c]ta9 in=mation ,on a regul> basis1 ! ,corporation %all make available to ! public in=mation relat+ to-- 7#a7 support provid$ by ! ,corporation "u title ,,ii2 & 7#b7 p]=mance metrics ab\t t support4 7d7 ,consultation ,9 develop+ ! p]=mance measurem5t sy/em requir$ "u subsection 7a71 ! ,corporation %all consult )-- 7#a7 ! ,advisory ,c\ncil e/abli%$ "u section #ajc7;j72 & 7#b7 o!r /akehold]s & int]e/$ p>ties engag$ 9 ! policy ( ! ,corporation describ$ 9 section #ajb7;c74 #djc4 ,annual report 7a7 ,9 g5]al ,n lat] ?an ,octob] #a ( ea* ye>1 ! ,corporation %all submit to ! appropriate congressional committees a complete & detail$ report ( ! op]ations ( ! ,corporation dur+ ! prec$+ fiscal ye>1 includ+ an assessm5t (-- 7#a7 ! impacts ( projects on ! policies describ$ 9 section #ajb7;c72 7#b7 ! ext5t to :i* ! op]ations ( ! ,corporation complem5t or are compatible ) ! dome/ic economic developm5t programs ( ! ,f$]al ,gov]nm5t2 7#c7 ! in/itutional l9kages ( ! ,corporation ) o!r relevant ,f$]al ag5cies & ef=ts to /r5g!n ^? l9kages2 & 7#d7 ! compliance ( projects ) ,f$]al law & policies t gov]n ! support ( ! ,corporation = projects promulgat$ or o!rwise adm9i/]$ by ! ,corporation4 7b7 ,elem5ts ,ea* report requir$ "u subsection 7a7 %all include analyses ( ! effects ( projects1 includ+-- 7#a7 reviews & analyses (-- 7,a7 ! desir$ outcomes = projects & :e!r or n ! ,corporation is meet+ ! associat$ metrics1 goals1 & developm5t objectives1 includ+1 to ! ext5t practicable1 dur+ ! ye>s aft] conclusion ( projects2 7,b7 ! effect ( ! support ( ! ,corporation on access to capital2 7,c7 ways 9 :i* ! ,corporation addresses id5tifiable m>ket gaps or ineffici5cies2 & 7,d7 :at impact1 if any1 ! support describ$ 9 subp>agraph 7,b7 has on access to cr$it = a specific project or sector2 7#b7 projections (-- 7,a7 outcomes ( projects & :e!r support = ^? projects are meet+ p]=mance measures associat$ ) ^? projects-- 7i7 dur+ ! />t-up phase ( ^? projects2 & 7ii7 ?r\gh\t ! duration ( ! ^? projects2 & 7,b7 ! value ( private sector assets br\ght to be> relative to ! am\nt ( support provid$ by ! ,corporation & ! value ( any o!r public sector support2 & 7#c7 an assessm5t ( ! ext5t to :i* ! ,corporation has appli$ lessons le>n$ f monitor+ & evaluat+ activities ( ! ,corporation & annual reports f previ\s ye>s compil$ by ! ,corporation to projects4 #djd4 ,qu>t]ly report 7a7 ,9 g5]al ,n lat] ?an #cj days aft] ! date ( enactm5t ( ?is ,act1 & qu>t]ly !reaft]1 ! ,corporation %all submit to ! appropriate congressional committees a detail$ report t-- 7#a7 ) respect to ! fir/ report submitt$ "u ?is section1 describes ! progress ( ! ,corporation ) respect to ! appo9tm5t &1 if applicable1 ! confirmation (-- 7,a7 memb]s ( ! ,bo>d2 7,b7 ! ,*ief ,executive ,(fic] ( ! ,corporation2 7,c7 ! ,deputy ,*ief ,executive ,(fic] ( ! ,corporation2 & 7,d7 o!r (fic]s ( ! ,corporation describ$ 9 section #ajc7;a72 & 7#b7 ) respect to ea* report submitt$ !reaft]1 cov]s ! p]iod beg9n+ on ! date ( ! mo/ rec5t submission ( a report "u ?is section & describes-- 7,a7 new activities ( ! ,corporation2 & 7,b7 any activities ( ! ,corporation t h conclud$4 7b7 ,cont5ts ,ea* report submitt$ "u subsection 7a7 %all include1 ) respect to support provid$ by ! ,corporation-- 7#a7 ! "n ( ! entity receiv+ ! support2 7#b7 ! location ( ! entity receiv+ ! support2 7#c7 ! am\nt ( support provid$2 7#d7 ! nature ( ! support2 7#e7 if applicable1 ! t]m or duration dur+ :i* ! ,corporation w provide ! support2 7#f7 if applicable1 ! t]m ov] :i* ! support w be repaid to ! ,corporation2 & 7#g7 any o!r relevant details det]m9$ important or necess>y by ! ,*ief ,executive ,(fic] ( ! ,corporation4 #dje4 ,publicly available project in=mation 7a7 ,9 g5]al ,! ,corporation %all ma9ta9 a database ) detail$ project-level in=mation1 z appropriate4 7b7 ,attributes ,! database ma9ta9$ "u subsection 7a7 %all-- 7#a7 be us]-fri5dly2 7#b7 be publicly available2 & 7#c7 to ! ext5t practicable1 include a description ( ! support provid$ = ea* project1 :i* %\ld include1 to ! ext5t feasible1 ! in=mation includ$ 9 ! report to ,congress "u section #djc7;a7 relat+ to ! project4 #djf4 ,engagem5t ) inve/ors 7a7 ,9 g5]al ,! ,corporation1 act+ ?r\gh ! ,*ief ,developm5t ,(fic]1 %all-- 7#a7 develop a /rategic relation%ip ) private sector entities focus$ at ! nexus ( bus9ess opportunities & developm5t priorities2 7#b7 engage ! entities describ$ 9 p>agraph 7#a72 7#c7 r$uce bus9ess risks prim>ily ?r\gh direct transaction support & ! facilitation ( inve/m5t p>tn]%ips2 7#d7 develop & support tools1 approa*es1 & int]m$i>ies t c mobilize private f9ance 9 support ( ! policy describ$ 9 section #aja7;c72 & 7#e7 pursue projects consi/5t ) ! policy describ$ 9 section #aja7;c74 7b7 ,assi/ance ,to c>ry out ! duties ( ! ,corporation "u subsection 7a71 ! ,corporation %all-- 7#a7 develop risk mitigation tools2 7#b7 provide transaction /ructur+ support = bl5d$ f9ance models2 7#c7 support int]m$i>ies by l9k+ capital supply & dem&2 7#d7 coord9ate ) o!r ,f$]al ag5cies to support or accel]ate transactions2 7#e7 conv5e f9ancial1 donor1 civil society1 & public sector p>tn]s ar\nd opportunities = private f9ance )9 developm5t priorities2 7#f7 (f] /rategic plann+ & programm+ assi/ance to catalyze inve/m5t into priority sectors2 7#g7 provide transaction /ructur+ support2 7#h7 deliv] tra9+ & k managem5t tools = engag+ private inve/ors2 7#i7 p>tn] ) private sector entities t provide access to capital & exp]tise2 & 7#aj7 id5tify & scre5 new inve/m5t p>tn]s4 7c7 ,te*nical assi/ance ,! ,corporation %all coord9ate ) ! ,small ,bus9ess ,adm9i/ration1 ! ,dep>tm5t ( ,comm]ce1 ! ,(fice ( ,sci5ce & ,te*nology ,policy1 & o!r ,f$]al ag5cies1 z necess>y1 on projects & programs support$ by ! ,corporation t include te*nical assi/ance4 #djg4 ,notifications by ! ,corporation ,n lat] ?an #ae days be=e ! date on :i* ! ,corporation makes a f9ancial commitm5t associat$ ) ! provision ( support "u title ,,ii 9 an am\nt great] ?an #aj1jjj1jjj1 ! ,*ief ,executive ,(fic] ( ! ,corporation %all submit to ! appropriate congressional committees a report 9 writ+ t-- 7#a7 conta9s ! am\nt ( ! f9ancial commitm5t2 7#b7 id5tifies ! recipi5t or b5efici>y ( ! commitm5t2 & 7#c7 describes ! project1 activity1 or asset & ! developm5t goal or purpose to be a*iev$ by ! commitm5t4 ,v ,conditions1 re/rictions1 & prohibitions #eja4 ,limitations & pref]5ces 7a7 ,policies ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,*ief ,executive ,(fic] ( ! ,corporation1 9 consultation ) ! ,secret>y ( ! ,treasury1 %all e/abli% policies to ensure t1 ) respect to support provid$ to an entity "u ! activities ( ! ,corporation "u title ,,ii1 ! support-- 7#a7 is cont+5t on ! entity us+ ! support to inve/ 9 manufactur+ activity 9 ! ,unit$ ,/ates2 7#b7 reta9s public b5efits 9 ! ,unit$ ,/ates aft] ! date on :i* ! support concludes accord+ to b9d+ commitm5ts t1 z det]m9$ by ! ,*ief ,executive ,(fic] ( ! ,corporation-- 7,a7 are satisfactory2 & 7,b7 rema9 9 place = ! longe/ feasible p]iod ( "t1 consi/5t ) s\nd economics & ! purposes ( ?is ,act2 & 7#c7 conta9s safegu>ds to m9imize ! transf] ( intellectual prop]ty f companies 9 ! ,unit$ ,/ates to =eign entities1 especially to c\ntries ( conc]n1 includ+ ! ,p's ,republic ( ,*9a4 7b7 ,limitation on support = s+le entity ,an entity receiv+ support f ! ,corporation "u title ,,ii may n receive m ?an an am\nt t is equal to #e p]c5t ( ! maximum cont+5t liability ( ! ,corporation au?oriz$ "u section #cjc4 7c7 ,promotion ,! ,corporation %all make ef=ts to ensure t ! activities ( ! ,corporation promote-- 7#a7 regional div]sity1 su* t bus9esses locat$ 9 a div]se range ( ,/ates receive inve/m5t support "u title ,,ii2 7#b7 competition1 su* t t>get indu/ries & sectors ma9ta9 a competitive environm5t & are n controll$ by s+le entities2 7#c7 su/a9ability1 su* t raw mat]ials s\rc+ & manufactur+ practices m9imize environm5tal h>m2 7#d7 equity1 su* t bus9esses f hi/orically m>g9aliz$ communities receive bus9ess developm5t support2 & 7#e7 fair labor1 su* t bus9esses ) unioniz$ work=ces are support$4 #ejb4 ,additionality & avoidance ( adv]se impact 7a7 ,9 g5]al ,be=e ! ,corporation provides support = a project1 ! ,corporation %all ensure t private sector entities are af=d$ an opportunity to support ! project4 7b7 ,safegu>ds1 policies1 & guidel9es ,! ,corporation %all develop appropriate safegu>ds1 policies1 & guidel9es to ensure t support provid$ by ! ,corporation "u title ,,ii-- 7#a7 supplem5ts1 enc\rages1 & does n compete ) private sector support2 & 7#b7 does n h a significant adv]se impact on employm5t 9 ! ,unit$ ,/ates4 #ejc4 ,prevail+ wages ,section #fjb ( ! ,public ,works & ,economic ,developm5t ,act ( #aife 7#db ,u4,s4,c4 #cbab7 %all apply to a con/ruction project t receives f9ancial assi/ance f ! ,corporation4 ,= purposes ( apply+ su* section #fjb to su* a project1 any ref]5ce 9 su* section #fjb-- 7#a7 to a project assi/$ by ! ,secret>y ( ,comm]ce "u su* ,act %all be deem$ to be ref]5ce to a project t receives f9ancial assi/ance f ! ,corporation2 & 7#b7 to ! ,secret>y ( ,comm]ce %all be deem$ to be a ref]5ce to ! ,corporation4