,,ii  #aah? ,,congress  #a/ ,session    
,s4 #cjje  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #c1 #bjbc,mr4  
,coons 7= himself & ,mr4 ,cornyn7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,=eign
 ,relations  ,a ,,bill  ,to am5d !      
,bett] ,utilization ( ,inve/m5ts ,lead+ 
to ,developm5t ,act ( #bjah to enhance !
 economic & /rategic competitiv5ess ( ! 
,unit$ ,/ates1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,enhanc+ ,am]ican ,competitiv5ess ,act (
 #bjbc4  #b4 ,def9itions ,9 ?is ,act3   
7#a7 ,appropriate congressional         
committees ,! t]m appropriate           
congressional committees means-- 7,a7 ! 
,committee on ,=eign ,relations1 !      
,committee on ,appropriations1 & !      
,committee on ! ,budget ( ! ,s5ate2 &   
7,b7 ! ,committee on ,=eign ,affairs1 ! 
,committee on ,appropriations1 & !      
,committee on ! ,budget ( ! ,h\se (     
,repres5tatives4  7#b7 ,corporation ,!  
t]m ,corporation means ! ,unit$ ,/ates  

,int]national ,developm5t ,f9ance       
,corporation4  #c4 ,f9d+s ,congress f9ds
 ! foll[+3 7#a7 ,! mission ( !          
,corporation is to mobilize inve/m5t to 
advance global developm5t1 =eign policy 
objectives ( ! ,unit$ ,/ates1 & taxpay] 
int]e/s4  7#b7 ,congress e/abli%$ !     
,corporation to lev]age private sector  
capabilities & to s]ve z a robu/        
alt]native to /ate-direct$ inve/m5ts by 
au?orit>ian gov]nm5ts & /rategic        
competitors ( ! ,unit$ ,/ates4  7#c7    
,congress au?oriz$ ! ,corporation-- 7,a7
 to provide equity f9anc+ 9 ord] to     
provide ! ,corporation ) great]         
flexibility to inve/ 9 e>ly- & gr[?-/age
 companies1 p>tn] ) o!r f9ancial        
in/itutions1 & enable inve/ees to scale 
op]ations m effectively to create great]
 impact on developm5ts2  7,b7 "u section
 #adba7;d7 ( ! ,,build ,act ( #bjah 7#bb
 ,u4,s4,c4 #ifba7;d77-- 7i7 to provide  
insurance & re9surance ( debt = !       
purposes ( fur!r+ ,unit$ ,/ates =eign   
policy1 developm5t1 & national security 

objectives2 &  7ii7 to insure debt      
inve/m5ts2  7,c7 to collect insurance & 
re9surance premiums & pay insurance &   
re9surance claims2 &  7,d7 to make loans
 or gu>anties ^u su* t]ms & conditions z
 ! ,corporation may det]m9e "u section  
#adba7;b7 ( ! ,,build ,act ( #bjah 7#bb 
,u4,s4,c4 #ifba7;b77 = ! purposes (     
fur!r+ =eign policy1 developm5t1 &      
national security objectives ( ! ,unit$ 
,/ates4  7#d7 ,"u section #adbb7;b77#c7 
( t ,act 7#bb ,u4,s4,c4 #ifba7;b77#c771 
,congress limit$ ! au?ority describ$ 9  
p>agraph 7#c77;,d7 by requir+ t = any   
loan or gu>anty to a project1 ! p>ties  
to ! project be> ! risk ( loss 9 an     
am\nt equal to at lea/ #bj p]c5t ( !    
gu>ante$ support by ! ,corporation 9 !  
project4  7#e7 ,congress au?oriz$ !     
,corporation to gu>anty #ajj p]c5t ( an 
obligation1 includ+ a loan1 a bond      
issuance1 or a tran*e ( any su* loan or 
bond 9 :i* o!r p>ties to ! project be> !
 risk ( loss 9 an am\nt equal to at lea/
 #bj p]c5t ( ! gu>ante$ support by !    

,corporation 9 ! project4  7#f7         
,ob/acles to ! implem5tation ( !        
au?orities describ$ 9 p>agraph 7#c7 h   
con/ra9$ ! ability ( ! ,corporation to  
lev]age its full capacity to enhance !  
economic & /rategic competitiv5ess ( !  
,unit$ ,/ates & to coop]ate effectively 
) =eign p>tn]s & ! private sector4  #d4 
,s5se ( ,congress ,x is ! s5se (        
,congress t-- 7#a7 ! prop] budget>y     
treatm5t ( ! insurance & re9surance     
au?orities ( ! ,corporation1 includ+    
insurance & re9surance ( debt1 is n     
subject to budget>y treatm5t "u !       
requirem5ts ( ,f$]al ,cr$it ,re=m ,act (
 #aiij 7#b ,u4,s4,c4 #ffa et seq472 &   
7#b7 gu>anties provid$ by ! ,corporation
 9 excess ( #hj p]c5t ( an obligation   
are exempt f applicable provisions ( !  
,(fice ( ,managem5t & ,budget ,circul>  
,a-#abi4  #e4 ,modification (           
eligibility def9itions ,! ,build ,act ( 
#bjah 7#bb ,u4,s4,c4 #ifja et seq47 is  
am5d$-- 7#a7 9 section #adjb-- 7,a7 by  
r$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 ,fragile &
 conflict-affect$ /ate ,! t]m fragile & 
conflict-affect$ /ate means a c\ntry t--
 7,a7 is on ! ,li/ ( ,fragile &         
,conflict-affect$ ,situations ma9ta9$ by
 ! ,fragility1 ,conflict & ,viol5ce     
,gr\p ( ! ,_w ,bank2 or  7,b7 !         
,corporation1 aft] consultation ) !     
,secret>y ( ,/ate & ! ,adm9i/rator ( !  
,unit$ ,/ates ,ag5cy = ,int]national    
,developm5t1 designates z fragile or    
conflict-affect$4  2 &  7#b7 9 section  
#adab7;c71 by /rik+ p>agraph 7#b7 &     
ins]t+ ! foll[+3  7#b7 ,eligible        
c\ntries ,! ,corporation may provide    
support "u title ,,ii 9 a c\ntry t is-- 
7,a7 eligible to receive developm5t l5d+
 f ! ,_w ,bank2 &  7,b7 a fragile &     
conflict-affect$ /ate4  4  #f4 ,budget>y
 treatm5t ( equity inve/m5ts by !       
,corporation ,section #adba7;c7 ( !     
,,build ,act ( #bjah 7#bb ,u4,s4,c4     
#ieba 7c77 is am5d$ by add+ at ! end !  

foll[+3  7#g7 ,pres5t value ( equity    
acc\nt ,!re is e/abli%$ z a subacc\nt )9
 ! ,corporate ,capital ,acc\nt a fund to
 be kn[n z ! ,corporate ,equity ,acc\nt 
to c>ry out ?is subsection4  7#h7       
,budget>y treatm5t ( equity inve/m5ts   
7,a7 ,calculation ( ! co/s ( inve/m5t   
7i7 ,9 g5]al ,! 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
 exclud+ adm9i/rative co/s & any        
incid5tal effects on gov]nm5tal receipts
 or outlays1 ( ! foll[+ e/imat$ ca%     
fl[s3 7,i7 ,! pur*ase price ( !         
inve/m5t4  7,,ii7 ,divid5ds1 r$emptions1
 & o!r %>ehold] di/ributions dur+ ! t]m 
( ! support4  7,,iii7 ,proce$s receiv$  
^u a sale1 r$emption1 or o!r liquidation
 ( ! inve/m5t4  7,,iv7 ,=eign curr5cy   
fluctuations1 = support d5om9at$ 9 =eign
 curr5cies4  7,v7 ,any o!r relevant     
ca%fl[4  7ii7 ,*anges 9 t]ms includ$ ,! 
e/imat$ ca% fl[s describ$ 9 subclauses  
7,i7 ?r\gh 7,v7 ( clause 7i7 %all       

include ! effects ( *anges 9 t]ms       
result+ f ! ex]cise ( options includ$ 9 
! agreem5t to provide ! support4  7iii7 
,disc\nt rate ,! disc\nt rate %all be ! 
av]age int]e/ rate on m>ketable         
,treasury securities ( simil> maturity  
to ! support provid$ "u p>agraph 7#a74  
7,b7 ,transf] ,subject to ! availability
 ( appropriations1 an am\nt equal to !  
co/ ( support det]m9$ "u subp>agraph    
7,a7 %all be transf]r$ f ! ,corporate   
,capital ,acc\nt to ! ,corporate ,equity
 ,acc\nt4  7,c7 ,diff]5tial am\nt  7i7  
,appropriation ,= any fiscal ye>1 ^u !  
transf] ( an am\nt pursuant to          
subp>agraph 7,b71 an am\nt equal to !   
diff]5tial am\nt %all be appropriat$1   
out ( any money 9 ! ,treasury n o!rwise 
appropriat$1 to ! ,corporate ,equity    
,acc\nt4  7ii7 ,treatm5t z direct sp5d+ 
,an am\nt appropriat$ pursuant to clause
 7i7 %all be record$ z direct sp5d+ 7z  
def9$ by section #bej7;c77#h7 ( !       
,balanc$ ,budget & ,em]g5cy ,deficit    
,control ,act ( #aihe 7#b ,u4,s4,c4     

#ijj7;c77#h774  7iii7 ,budget>y effects 
,! foll[+ %all apply to budget en=cem5t 
"u ! ,congressional ,budget ,act ( #aigd
 7#b ,u4,s4,c4 #fja et seq471 ! ,balanc$
 ,budget & ,em]g5cy ,deficit ,control   
,act ( #aihe 7#b ,u4,s4,c4 #ijj et      
seq471 & ! ,/atutory ,pay-,z-,y-,g ,act 
( #bjaj 7#b ,u4,s4,c4 #ica et seq473    
7,i7 ,future appropriations ,any am\nt  
appropriat$ pursuant to clause 7i7 %all 
n be record$ z budget au?ority or       
outlays = purposes ( any e/imate "u !   
,congressional ,budget ,act ( #aigd or !
 ,balanc$ ,budget & ,em]g5cy ,deficit   
,control ,act ( #aihe4  7,,ii7 ,/atutory
 ,,paygo scorec>ds ,! budget>y effects (
 any am\nts appropriat$ pursuant to     
clause 7i7 %all n be ent]$ on ei!r      
,,paygo scorec>d ma9ta9$ pursuant to    
section #d7;d7 ( ! ,/atutory ,pay       
,z-,y-,g ,act ( #bjaj 7#b ,u4,s4,c4     
#icc7;d774  7,,iii7 ,s5ate ,,paygo      
scorec>ds ,! budget>y effects ( any     
am\nts appropriat$ pursuant to clause   
7i7 %all n be ent]$ on any ,,paygo      

scorec>d ma9ta9$ = purposes ( section   
#dajf ( ,h4 ,con4 ,res4 #ga 7#aae?      
,congress74  7,,iv7 ,elim9ation ( cr$it 
= cancellation or rescission (          
diff]5tial ,if !re is enact$ into law an
 ,act t resc9ds or r$uces an am\nt      
appropriat$ pursuant to clause 7i71 !   
am\nt ( any su* rescission or r$uction  
%all n be-- 7aa7 e/imat$ z a r$uction 9 
direct sp5d+ "u ! ,congressional ,budget
 ,act ( #aigd or ! ,balanc$ ,budget &   
,em]g5cy ,deficit ,control ,act ( #aihe2
 or  7bb7 ent]$ on ei!r ,,paygo scorec>d
 ma9ta9$ pursuant to section #d7;d7 ( ! 
,/atutory ,pay ,z-,y-,g ,act ( #bjaj or 
any ,,paygo scorec>d ma9ta9$ = purposes 
( section #dajf ( ,h4 ,con4 ,res4 #ga   
7#aae? ,congress74  7iv7 ,diff]5tial    
am\nt def9$ ,9 ?is subp>agraph1 ! t]m   
diff]5tial am\nt means ! diff]5ce betwe5
 ! co/ ( support provid$ "u p>agraph    
7#a71 z det]m9$ "u subp>agraph 7,a71 & !
 pur*ase price ( ! equity inve/m5t      
involv$4  7,d7 ,coord9ation  7i7 ,9     
g5]al ,! ,director ( ! ,(fice (         

,managem5t & ,budget1 9 consultation ) !
 ,corporation1 %all be responsible =    
coord9at+ ! co/ e/imates requir$ by ?is 
p>agraph4  7ii7 ,rule ( con/ruction     
,no?+ 9 ?is subp>agraph %all be con/ru$ 
to *ange ! au?ority or responsibility ( 
! ,corporation to det]m9e ! t]ms &      
conditions ( eligibility =1 or ! am\nt (
 support provid$ by1 ! ,corporation4  4 
#g4 ,maximum cont+5t liability ,section 
#adcc ( ! ,,build ,act ( #bjah 7#bb     
,u4,s4,c4 #ifcc7 is am5d$ by /rik+      
#fj1jjj1jjj1jjj & ins]t+                
#ajj1jjj1jjj1jjj4  #h4 ,report+         
requirem5t ,n lat] ?an #ahj days aft] ! 
date ( ! enactm5t ( ?is ,act1 ! ,*ief   
,executive ,(fic] ( ! ,corporation %all 
submit to ! appropriate congressional   
committees a plan to exp& ! f9anc+ ( !  
,corporation to support national        
security & developm5t priorities ( !    
,unit$ ,/ates 9 critical regions1       
includ+-- 7#a7 a description ( !        
budget>y1 /aff+1 & programmatic res\rces
 necess>y to c>ry out ! plan2 &  7#b7 ! 

effective date & ! basis us$1 9         
consultation ) ! ,director ( ! ,(fice ( 
,managem5t & ,budget1 to calculate ! net
 pres5t value ( funds appropriat$ = use 
"u section #adba7;c7 ( ! ,build ,act (  
#bjah 7#bb ,u4,s4,c4 #ifba7;c774