,,ii #aahth ,,congress #b;d ,session ,s4 #edjc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #ba1 #bjbd,mr4 ,romney 7for himself and ,mr4 ,sullivan7 introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to align the ,united ,states ,international ,development ,finance ,corporation with ,united ,states national security and strategic goals4 #a4 ,short title ,this ,act may be cited as the ,aligning ,development and ,competition ,act of #bjbd4 #b4 ,improving ,,usidfc transparency ,not later than #ij days after the date of the enactment of this ,act1 and annually thereafter1 the ,chief ,executive ,officer of the ,united ,states ,international ,development ,finance ,corporation shall submit a report to the ,committee on ,foreign ,relations of the ,senate and the ,committee on ,foreign ,affairs of the ,house of ,representatives regarding the ,development ,advisory ,council of the ,corporation1 which-- 7#a7 lists any organization or entity that-- 7,a7 employs1 contracts for services with1 or otherwise provides compensation to1 any member of the ,council2 and 7,b7 has received support directly from the ,corporation through loans1 loan guarantees1 grants1 or other financial support since the submission of the prior report required under this section2 and 7#b7 with respect to each organization or entity referred to in paragraph 7#a7-- 7,a7 identifies the name of the member or members of the ,council to which it provides compensation2 7,b7 describes the support provided by the ,corporation to the organization or entity since the submission of the prior report required under this section2 and 7,c7 describes any actions that were taken to address the existence or appearance of a conflict of interest4 #c4 ,prioritizing projects that advance national security ,section #adab of the ,,build ,act of #bjah 7#bb ,u4,s4,c4 #ifab7 is amended by adding at the end the following3 7d7 ,prioritization of national security interests ,the ,corporation shall prioritize the provision of support under title ,,ii in projects that advance core national security interests of the ,united ,states with respect to strategic competition with a covered nation 7as defined in section #dhgb7;d77#b7 of title #aj1 ,united ,states ,code71 including port infrastructure1 rail and other transportation infrastructure1 digital and communications infrastructure1 and critical minerals mining1 production1 and processing materials and facilities4 4 #d4 ,inclusion of ,secretary of ,defense in ,,usidfc ,board of ,directors ,section #adac7;b77#b77;,b77i7 of the ,,build ,act of #bjah 7#bb ,u4,s4,c4 #ifac7;b77#b77;,b77i77 is amended by adding at the end the following3 7,v7 ,the ,secretary of ,defense or a designee of the ,secretary4 4 #e4 ,strategic ,advisory ,council 7a7 ,establishment ,section #adac of the ,,build ,act of #bjah 7#bb ,u4,s4,c4 #ifac7 is amended-- 7#a7 in subsection 7g77#b77;,f7-- 7,a7 by striking established under subsection 7i7 and inserting and of the ,strategic ,advisory ,council12 and 7,b7 by striking the ,council and inserting each such ,council2 7#b7 in subsection 7i77#d71 by striking the ,federal ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app47 and inserting chapter #aj of title #e1 ,united ,states ,code 7commonly known as the ,federal ,advisory ,committee ,act72 and 7#c7 by adding at the end the following3 7j7 ,strategic ,advisory ,council 7#a7 ,in general ,there is established a ,strategic ,advisory ,council 7referred to in this subsection as the ,council71 which shall advise the ,board on national security and foreign policy objectives of the ,corporation4 7#b7 ,membership ,members of the ,council shall be appointed by the ,board1 on the recommendation of the ,chief ,executive ,officer1 and shall be composed of not more than #i members broadly representative of governmental or nongovernmental organizations1 think tanks1 foundations1 associations1 and other institutions focused on national security1 including areas of strategic competition1 the defense industrial base1 and national and homeland defense4 7#c7 ,functions ,the ,board shall call upon members of the ,council1 either collectively or individually to advise the ,board regarding the extent to which the ,corporation is supporting the national security and foreign policy objectives of the ,united ,states and provide any suggestions for improvements with respect to supporting such objectives1 including opportunities in countries and project development and implementation challenges and opportunities4 7#d7 ,federal advisory committee act ,the ,council shall not be subject to chapter #aj of title #e1 ,united ,states ,code 7commonly known as the ,federal ,advisory ,committee ,act74 4 7b7 ,consultation ,section #addb7;d7 of the ,,build ,act of #bjah 7#bb ,u4,s4,c4 #ifeb7;d77 is amended by striking established under section #adac7;i7 and inserting and the ,strategic ,advisory ,council established under subsections 7i7 and 7j7 of section #adac4 #f4 ,vital national security interests waiver ,section #adba of the ,,build ,act of #bjah 7#bb ,u4,s4,c4 #ifba7 is amended by adding at the end the following3 7j7 ,vital national security interests waiver ,the ,chief ,executive ,officer may waive the requirements of subsection 7a77#a7 that a project supported by the ,corporation occur in a less developed country and the requirements of section #adab7;c7 for a particular project if the ,president determines that such a waiver is in the vital national security interests of the ,united ,states4 4