,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #hibf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #b1 #bjbd,mr4   
,mc,caul 7= himself & ,mr4 ,meeks7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,=eign ,affairs  ,a    
,,bill  ,to modify & reau?orize ! ,bett]
 ,utilization ( ,inve/m5ts ,lead+ to    
,developm5t ,act ( #bjah4  #a4 ,%ort    
title2 table ( cont5ts  7a7 ,%ort title 
,?is ,act may be cit$ z ! ,,dfc         
,mod]nization & ,reau?orization ,act (  
#bjbd4  7b7 ,table ( cont5ts ,! table ( 
cont5ts = ?is ,act is z foll[s3 ,sec4   
#a4 ,%ort title2 table ( cont5ts4,sec4  
#b4 ,s5se ( ,congress4,title            
,i--,def9itions & less develop$ c\ntry  
focus,sec4 #aja4 ,def9itions4,sec4 #ajb4
 ,less develop$ c\ntry focus4,title     
,,ii--,managem5t ( ,corporation,sec4    
#bja4 ,bo>d ( ,directors4,sec4 #bjb4    
,*ief ,risk ,(fic]4,sec4 #bjc4 ,*ief    
,developm5t ,(fic]4,sec4 #bjd4 ,pay     
comp>ability4,sec4 #bje4 ,(fice ( ,=eign
 ,policy4,title ,,iii--,au?orities      

relat+ to provision ( support,sec4 #cja4
 ,applicability ( ,f$]al ,cr$it ,re=m   
,act ( #aiij4,sec4 #cjb4                
,t]m9ation4,title ,,iv--,o!r            
matters,sec4 #dja4 ,corporate p[]s4,sec4
 #djb4 ,maximum cont+5t liability4,sec4 
#djc4 ,au?orit ,to use portion (        
,corporation fees ,to update in=mation  
te*nology sy/ems4,sec4 #djd4 ,repeal (  
,european ,en]gy ,security &            
,div]sification ,act ( #bjai4  #b4 ,s5se
 ( ,congress ,x is ! s5se ( ,congress t 
! ,unit$ ,/ates ,int]national           
,developm5t ,f9ance ,corporation %\ld   
seek to responsibly increase its risk   
tol]ance 9 inve/m5ts to ensure t !      
,corporation is prop]ly pursu+ its      
/atutory objectives ( advanc+           
developm5tal & national security goals1 
includ+-- 7#a7 by accept+ a cr$itor     
/atus t is subord9ate to t ( o!r        
cr$itors2  7#b7 by gu>antee+ loans up to
 #ajj p]c5t ( pr9cipal z "p ( projects  
/ructur$ 9 compliance ) ! ,bett]        
,utilization ( ,inve/m5ts ,lead+ to     

,developm5t ,act ( #bjah2 &  7#c7 l5d+1 
inve/+1 or (f]+ insurance 9 high-risk   
c\ntries1 regions1 or sectors z a means 
to a*ieve its mission to mobilize       
capital 9 und]s]v$ m>kets or segm5ts4   
,i ,def9itions & less develop$ c\ntry   
focus  #aja4 ,def9itions ,section #adjb 
( ! ,bett] ,utilization ( ,inve/m5ts    
,lead+ to ,developm5t ,act ( #bjah 7#bb 
,u4,s4,c4 #ifja7 is am5d$-- 7#a7 by     
r$esignat+ p>agraphs 7#b71 7#c71 & 7#d7 
z p>agraphs 7#c71 7#d71 & 7#e71         
respectively2  7#b7 by ins]t+ aft]      
p>agraph 7#a7 ! foll[+3  7#b7           
,high-income c\ntry ,! t]m high-income  
c\ntry-- 7,a7 means a c\ntry ) a        
high-income economy1 z def9$ by         
,int]national ,bank = ,recon/ruction &  
,developm5t & ! ,int]national           
,developm5t ,association 7collectively  
ref]r$ to z ! ,_w ,bank2 b  7,b7 does n 
include a weal?y c\ntry4  2  7#c7 9     
p>agraph 7#c7 7z s r$esignat$7 to read z
 foll[s3  7#c7 ,less develop$ c\ntry ,! 
t]m less develop$ c\ntry means1 )       

respect to a fiscal ye> = !             
,corporation1 a c\ntry ! p] capita      
income ( :i* at ! />t ( su* fiscal ye>  
is equal to or less ?an ! !n-curr5t ,_w 
,bank ?re%old = initiat+ ! ,int]national
 ,bank = ,recon/ruction & ,developm5t   
graduation process4  2 &  7#d7 9        
p>agraph 7#e7 7z s r$esignat$7-- 7,a7 9 
subp>agraph 7,a71 by /rik+ or at ! end2 
7,b7 9 subp>agraph 7,b71 by /rik+ !     
p]iod at ! end & ins]t+ 2 or2 &  7,c7 by
 add+ at ! end ! foll[+3  7,c7 any o!r  
simil> in/itution t has a purpose t is  
simil> to ! purpose ( ! ,corporation z  
describ$ 9 section #adab7;b74  2 &  7#e7
 by add+ at ! end ! foll[+3  7#f7       
,upp]-middle-income c\ntry ,! t]m       
8upp]-middle-income c\ntry0 means1 )    
respect to a fiscal ye> = !             
,corporation1 a c\ntry ! p] capita      
income ( :i* at ! />t ( su* fiscal ye>  
is great] ?an ! !n-curr5t ,_w ,bank     
?re%old = initiat+ ! ,int]national ,bank
 = ,recon/ruction & ,developm5t         
graduation process1 & is equal to or    

less ?an ! p] capita income ?re%old     
def9$ z a high-income economy by ! ,_w  
,bank4  7#g7 ,weal?y c\ntry ,! t]m      
weal?y c\ntry means a c\ntry t is among 
! #dj c\ntries ) ! highe/ gross dome/ic 
product p] capita at pur*as+ p[] p>ity z
 calculat$ by ! ,_w ,bank4  4  #ajb4    
,less develop$ c\ntry focus ,section    
#adab ( ! ,bett] ,utilization (         
,inve/m5ts ,lead+ to ,developm5t ,act ( 
#bjah 7#bb ,u4,s4,c4 #ifab7 is am5d$ by 
/rik+ subsection 7c7 & ins]t+ ! foll[+3 
7c7 ,less develop$ c\ntry focus  7#a7 ,9
 g5]al ,! ,corporation %all prioritize !
 provision ( support "u title ,,ii 9    
less develop$ c\ntries4  7#b7           
,upp]-middle-income & high-income       
c\ntries  7,a7 ,upp]-middle-income      
c\ntries ,! ,corporation may provide    
support "u title ,,ii 9 an              
upp]-middle-income c\ntry if1 prior to  
provid+ ! support1 ! ,*ief ,executive   
,(fic] c]tifies 9 writ+ to ! appropriate
 congressional committees t su*         
support-- 7i7 is design$ to produce     

significant developm5tal outcomes or    
provide developm5tal b5efits to ! poore/
 population ( su* c\ntry2 &  7ii7 fur!rs
 ! national economic or =eign policy    
int]e/s ( ! ,unit$ ,/ates4  7,b7        
,high-income c\ntries ,! ,corporation   
may provide support "u title ,,ii 9 a   
high-income c\ntry1 subject to foll[+   
conditions3 7i7 ,) respect to support = 
all projects 9 su* c\ntries1 ! aggregate
 am\nt ( su* support may n exce$ #aj    
p]c5t ( ! maximum cont+5t liability ( ! 
,corporation au?oriz$ to be out/&+      
pursuant to section #adcc4  7ii7 ,)     
respect to support = any s+le project 9 
su* a c\ntry-- 7,i7 ! ,corporation %all 
seek to m9imize its support to a level  
necess>y to a*ieve ! developm5t & =eign 
policy goals ( ! ,unit$ ,/ates2  7,,ii7 
! ,*ief ,executive ,(fic] %all c]tify to
 ! appropriate congressional committees 
t ! ,corporation has made all reasonable
 ef=ts to ensure t-- 7aa7 ! support is a
 pref]r$ alt]native to /ate-direct$     
inve/m5ts by =eign c\ntries ( conc]n or 

o!rwise fur!rs ! /rategic int]e/ ( !    
,unit$ ,/ates to c\nt] or limit !       
influ5ce ( =eign c\ntries ( conc]n2     
7bb7 private sector entities h be5 af=d$
 an opportunity to support ! project on 
viable t]ms 9 lieu ( support by !       
,corporation2 &  7cc7 ! support is      
design$ to produce significant          
developm5tal outcomes or provide        
developm5tal b5efits to ! poore/        
population ( su* c\ntry4  7,c7 ,report  
,n lat] ?an #abj days aft] ! date ( !   
enactm5t ( ?is subsection1 & annually   
!reaft]1 ! ,corporation %all submit to !
 appropriate congressional committees a 
li/ ( all high-income c\ntries 9 :i* !  
,corporation anticipates provid+ support
 9 ! subsequ5t fiscal ye>1 &1 to ! ext5t
 practicable1 a description ( ! type (  
projects anticipat$4  7,d7 ,def9ition ,9
 ?is subsection1 ! t]m =eign c\ntry (   
conc]n has ! mean+ giv5 t t]m 9 section 
#bca4ajb ( title #ae1 ,code ( ,f$]al    
,regulations4  4  ,,ii ,managem5t (     
,corporation  #bja4 ,bo>d ( ,directors  

,section #adac7;b77#b77;,a77iii7 ( !    
,bett] ,utilization ( ,inve/m5ts ,lead+ 
to ,developm5t ,act ( #bjah 7#bb        
,u4,s4,c4 #ifac7;b77#b77;,a77iii77 is   
am5d$ by /rik+ #e individuals ea* place 
x appe>s & ins]t+ #c individuals4  #bjb4
 ,*ief ,risk ,(fic] ,section            
#adac7;f77#a7 ( ! ,bett] ,utilization ( 
,inve/m5ts ,lead+ to ,developm5t ,act ( 
#bjah 7#bb ,u4,s4,c4 #ifac7;f77#a77 is  
am5d$-- 7#a7 9 ! matt] prec$+           
subp>agraph 7,a71 by /rik+ :o-- & ins]t+
 :o %all be removable only by a majority
 vote ( ! ,bo>d42 &  7#b7 by /rik+      
subp>agraphs 7,a7 & 7,b74  #bjc4 ,*ief  
,developm5t ,(fic] ,section #adac7;g7 ( 
! ,bett] ,utilization ( ,inve/m5ts      
,lead+ to ,developm5t ,act ( #bjah 7#bb 
,u4,s4,c4 #ifac7;g77 is am5d$-- 7#a7 9  
p>agraph 7#a7-- 7,a7 9 ! matt] prec$+   
subp>agraph 7,a71 by /rik+ :o-- & ins]t+
 :o %all be removable only by a majority
 vote ( ! ,bo>d42 &  7,b7 by /rik+      
subp>agraphs 7,a7 & 7,b72 &  7#b7 9     
p>agraph 7#b77;,b71 by /rik+ "u !       

guidance ( ! ,*ief ,executive ,(fic]14  
#bjd4 ,pay comp>ability ,section        
#adac7;h77#b7 ( ! ,bett] ,utilization ( 
,inve/m5ts ,lead+ to ,developm5t ,act ( 
#bjah 7#bb ,u4,s4,c4 #ifac7;h77#b77 is  
am5d$-- 7#a7 9 subp>agraph 7,a71 by     
/rik+ #ej & ins]t+ #ajj2 &  7#b7 9      
subp>agraph 7,d7-- 7,a7 by ins]t+ n to  
exce$ #bj p]c5t ( its be=e (fic]s &     
employees2 &  7,b7 by /rik+ appo9t$ "u  
subp>agraph 7,a74  #bje4 ,vice ,presid5t
 = ,=eign ,policy & ,national ,security 
,section #adac ( ! ,bett] ,utilization (
 ,inve/m5ts ,lead+ to ,developm5t ,act (
 #bjah 7#bb ,u4,s4,c4 #ifac7 is am5d$ by
 add+ at ! end ! foll[+3  7j7 ,vice     
,presid5t = ,=eign ,policy & ,national  
,security  7#a7 ,appo9tm5t ,! ,*ief     
,executive ,(fic] %all appo9t a ,vice   
,presid5t = ,=eign ,policy & ,national  
,security1 f among individuals )        
exp]i5ce 9 =eign policy or national     
security matt]s4  7#b7 ,duties ,! ,vice 
,presid5t %all-- 7,a7 advise ! ,*ief    
,executive ,(fic] & ,deputy ,*ief       

,executive ,(fic] on =eign policy       
matt]s2  7,b7 9 addition to ! ,*ief     
,executive ,(fic] & ! ,deputy ,*ief     
,executive ,(fic]1 repres5t !           
,corporation 9 ! int]ag5cy national     
security & =eign plann+ process2  7,c7  
"w ) o!r relevant ,f$]al ag5cies to     
id5tify projects t advance ,unit$ ,/ates
 =eign policy int]e/s2  7,d7 manage     
employees t are d$icat$ to ensur+ t !   
,corporation's activities advance ,unit$
 ,/ates =eign policy & national security
 int]e/s & diplomatic /rategy1 includ+  
?r\gh-- 7i7 long-t]m /rategic plann+2   
7ii7 issue & crisis managem5t2 &  7iii7 
! advancem5t ( =eign policy initiatives2
  7,e7 fo/] & ma9ta9 relation%ips )9 !  
,corporation & ext]nal to ! ,corporation
 t increase ! capacity ( ! ,corporation 
to a*ieve its mission to advance ,unit$ 
,/ates =eign policy & national security 
int]e/s2 &  7,f7 coord9ate )9 !         
,corporation to ensure ,unit$ ,/ates    
=eign policy & national security int]e/s
 are consid]$ toge!r ) ! ,corporation's 

developm5t goals4  4  ,,iii ,au?orities 
relat+ to provision ( support  #cja4    
,applicability ( ,f$]al ,cr$it ,re=m    
,act ( #aiij ,section #adba7;c7 ( !     
,bett] ,utilization ( ,inve/m5ts ,lead+ 
to ,developm5t ,act ( #bjah 7#bb        
,u4,s4,c4 #ifba7;c771 z am5d$ by ?is    
title1 is fur!r am5d$ by add+ at ! end !
 foll[+3  7#h7 ,applicability ( ,f$]al  
,cr$it ,re=m ,act ( #aiij  7,a7 ,9 g5]al
 ,subject to subp>agraphs 7,b7 & 7,c71  
support provid$ "u p>agraph 7#a7 )      
respect to a project %all be subject to 
! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b  
,u4,s4,c4 #ffa et seq47 = purposes (    
apply+ ! requirem5ts ( su* ,act to su*  
support4  7,b7 ,det]m9ation ( co/  7i7  
,9 g5]al ,= purposes ( section #ejb7e7 (
 ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b 
,u4,s4,c4 #ffa;a7#e77 ! co/ ( support   
provid$ "u p>agraph 7#a7 ) respect to a 
project %all be ! net pres5t value1 at !
 "t :5 funds are disburs$ to provide !  
support1 ( ! foll[+ e/imat$ ca% fl[s3   
7,i7 ,! pur*ase price ( ! support4      

7,,ii7 ,divid5ds1 r$emptions1 & o!r     
%>ehold] di/ributions dur+ ! t]m ( !    
support4  7,,iii7 ,proce$s receiv$ ^u a 
sale1 r$emption1 or o!r liquidation ( ! 
support4  7,,iv7 ,adju/m5ts = risk (    
e/imat$ losses1 if any4  7ii7 ,*anges 9 
t]ms includ$ ,! e/imat$ ca% fl[s        
describ$ 9 subclauses 7,i7 ?r\gh 7,,iv7 
( clause 7i7 %all include ! effects (   
*anges 9 t]ms result+ f ! ex]cise (     
options includ$ 9 ! agreem5t to provide 
! support4  7,c7 ,ree/imate ( co/ ,:5 ! 
e/imat$ co/ ( support provid$ "u        
p>agraph 7#a7 ) respect to a project    
made 9 a s+le fiscal ye> is ree/imat$ 9 
a subsequ5t ye>1 ! diff]5ce betwe5 !    
ree/imat$ co/ & ! previ\s co/ e/imate   
%all be paid f1 or transf]r$ to1 !      
balances available 9 ! ,corporate       
,capital ,acc\nt e/abli%$ "u section    
#adcd4  4  #cjb4 ,subord9ation ,section 
#adba ( ! ,bett] ,utilization (         
,inve/m5ts ,lead+ to ,developm5t ,act ( 
#bjah 7#bb ,u4,s4,c4 #ifba7 is am5d$ by 
add+ at ! end ! foll[+3  7j7            

,subord9ation  7#a7 ,9 g5]al ,!         
,corporation may accept a cr$itor /atus 
t is subord9ate to t ( o!r cr$itors1 if 
! ,corporation-- 7,a7 has det]m9$ t an  
acceptable level ( risk ( non-paym5t or 
"u-paym5t has be5 e/abli%$2 &  7,b7     
provides to ! appropriate congressional 
committees-- 7i7 notice ( ! det]m9ation 
( an acceptable level ( risk (          
non-paym5t or "u-paym5t2 &  7ii7 !      
in=mation requir$ by p>agraph 7#b74     
7#b7 ,in=mation requir$ ,! in=mation    
requir$ by ?is p>agraph includes-- 7,a7 
! am\nt ( ea* su* f9ancial commitm5t2   
7,b7 an id5tification ( ! recipi5t or   
b5efici>y2 &  7,c7 a description ( !    
project1 activity1 or asset & !         
developm5t goal or purpose to be a*iev$ 
by provid+ support by ! ,corporation4  4
  #cjc4 ,t]m9ation ,section #adbd7;a7 ( 
! ,bett] ,utilization ( ,inve/m5ts      
,lead+ to ,developm5t ,act ( #bjah 7#bb 
,u4,s4,c4 #ifbd7 is am5d$ by /rik+ #g   
ye>s aft] ! date ( ! enactm5t ( ?is ,act
 & ins]t+ #g ye>s aft] ! date ( !       

enactm5t ( ! ,,dfc ,mod]nization &      
,reau?orization ,act ( #bjbd4  ,,iv ,o!r
 matt]s  #dja4 ,corporate p[]s ,section 
#adcb7;a7 ( ! ,bett] ,utilization (     
,inve/m5ts ,lead+ to ,developm5t ,act ( 
#bjah 7#bb ,u4,s4,c4 #ifcb7;a77 is      
am5d$-- 7#a7 9 p>agraph 7#b71 by /rik+  
division ,c ( subtitle ,i (2 &  7#b7 9  
p>agraph 7#aj71 by /rik+ until !        
expiration ( ! curr5t lease "u          
pr$ecessor au?ority1 z ( ! day be=e !   
date ( ! enactm5t ( ?is ,act4  #djb4    
,maximum cont+5t liability ,section     
#adcc ( ! ,bett] ,utilization (         
,inve/m5ts ,lead+ to ,developm5t ,act ( 
#bjah 7#bb ,u4,s4,c4 #ifcc7 is am5d$ by 
/rik+ #fj1jjj1jjj1jjj & ins]t+          
#abj1jjj1jjj1jjj4  #djc4 ,au?ority ,to  
use portion ( ,corporation fees ,to     
update in=mation te*nology sy/ems       
,section #adcd ( ! ,bett] ,utilization (
 ,inve/m5ts ,lead+ to ,developm5t ,act (
 #bjah 7#bb ,u4,s4,c4 #ifcd7 is am5d$-- 
7#a7 9 subsection 7d7-- 7,a7 9 p>agraph 
7#a7-- 7i7 9 subp>agraph 7,b71 by add+ &

 at ! end2  7ii7 9 subp>agraph 7,c71 by 
/rik+ ! semicolon at ! end & ins]t+ a   
p]iod2 &  7iii7 by /rik+ subp>agraph    
7,d72 &  7,b7 9 p>agraph 7#b7-- 7i7 9   
subp>agraph 7,b71 by /rik+ 8&0 at ! end2
  7ii7 9 subp>agraph 7,c71 by /rik+ !   
p]iod at ! end & ins]t+ a semicolon2 &  
7iii7 by add+ at ! end ! foll[+3  7,d7  
project-specific transaction co/s2 &    
7,e7 transf]s & additions to su* o!r    
acc\nts1 funds1 or res]ves z !          
,corporation may e/abli%1 at su* "t & 9 
su* am\nts z ! ,bo>d may det]m9e4  2 &  
7#b7 9 subsection 7k7-- 7,a7 9 p>agraph 
7#a71 by ins]t+ o!r direct co/s         
associat$ ) orig9ation or monitor+      
s]vices1 includ+ sem9>s1 conf]5ces1 &   
o!r pre9ve/m5t s]vices1 aft] legal      
exp5ses12 &  7,b7 9 p>agraph 7#b71 by   
/rik+ does n include & ins]t+ includes4 
#djd4 ,repeal ( ,european ,en]gy        
,security & ,div]sification ,act ( #bjai
 ,! ,european ,en]gy ,security &        
,div]sification ,act ( #bjai 7title ,,xx
 ( division ,p ( ,public ,law #aaf-id2  

#bb ,u4,s4,c4 #ieja note7 is h]eby      
repeal$4