To amend the Better Utilization of Investments Leading to Development Act of 2018 to facilitate increased equity investments under that Act.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 9, 2020)
This bill modifies budget treatment for equity investments made by the U.S. International Development Finance Corporation.
Under current law, such equity investments are treated like grants for federal budgetary scoring, which requires the government to provide through appropriations the full amount that may be invested (i.e., dollar-for-dollar funding).
The bill instead deems such equity investments a federal credit program. As a result, such investments are scored based on an estimated repayment rate, and appropriation of the full investment amount is not required.
What just happenedJul 9, 2020
Referred to the House Committee on Foreign Affairs.
Who’s behind it
- Introduced in HouseJul 9, 2020
- Jul 9, 2020IntroReferralH11100
Referred to the House Committee on Foreign Affairs.
Foreign Affairs Committee - Jul 9, 2020IntroReferralIntro-H
Introduced in House
- Jul 9, 2020IntroReferral1000
Introduced in House