[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6562 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 6562
To amend the Better Utilization of Investments Leading to Development
Act of 2018 to provide for increased effectiveness.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 10, 2025
Mr. Castro of Texas introduced the following bill; which was referred
to the Committee on Foreign Affairs
_______________________________________________________________________
A BILL
To amend the Better Utilization of Investments Leading to Development
Act of 2018 to provide for increased effectiveness.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``United States Development Finance
Corporation Effectiveness Act''.
SEC. 2. ANNUAL REPORT.
Section 1443 of the Better Utilization of Investments Leading to
Development Act of 2018 (22 U.S.C. 9653) is amended--
(1) in subsection (a)--
(A) in paragraph (3), by striking ``; and'' and
inserting a semicolon;
(B) in paragraph (4), by striking the period at the
end and inserting a semicolon; and
(C) by inserting at the end the following:
``(5) the United States strategic, foreign policy, and
development objectives advanced through projects supported by
the Corporation; and
``(6) the health of the Corporation's portfolio, including
an annual overview of funds committed, funds disbursed, default
and recovery rates, capital mobilized, equity investments' year
on year returns, and any difference between how investments
were modeled at commitment and how they ultimately performed,
to include a narrative explanation explaining any changes.'';
and
(2) in subsection (b)--
(A) in paragraph (1), by striking subparagraphs (A)
and (B) and inserting the following:
``(A) the desired development impact and strategic
outcomes for projects, and whether or not the
Corporation is meeting the associated metrics, goals,
and development objectives, including, to the extent
practicable, in the years after conclusion of projects;
``(B) whether the Corporation's support for
projects that focus on achieving strategic outcomes are
achieving such strategic objectives of such investments
over the duration of the support and lasting after the
Corporation's support is completed;
``(C) the value of private sector assets brought to
bear relative to the amount of support provided by the
Corporation and the value of any other public sector
support;
``(D) the total private capital projected to be
mobilized by projects supported by the Corporation
during that year, including an analysis of the lenders
and investors involved and investment instruments used;
``(E) the total private capital actually mobilized
by projects supported by the Corporation that were
fully funded by the end of that year, including--
``(i) an analysis of the lenders and
investors involved and investment instruments
used; and
``(ii) a comparison with the private
capital projected to be mobilized for the
projects described in this paragraph;
``(F) a breakdown of--
``(i) the amount and percentage of
Corporation support provided to less developed
countries, advancing income countries, and
high-income countries in the previous fiscal
year; and
``(ii) the amount and percentage of
Corporation support provided to less developed
countries, advancing income countries, and
high-income countries averaged over the last 5
fiscal years;
``(G) a breakdown of the aggregate amounts and
percentage of the maximum contingent liability of the
Corporation authorized to be outstanding pursuant to
section 1433 in less developed countries, advancing
income countries, and high-income countries;
``(H) the risk appetite of the Corporation to
undertake projects in less developed countries and in
sectors that are critical to development but less
likely to deliver substantial financial returns; and
``(I) efforts by the Chief Executive Officer to
incentivize calculated risk-taking by transaction
teams, including through the conduct of development
performance reviews and provision of development
performance rewards;'';
(B) in paragraph (3)(B), by striking ``; and'' and
inserting a semicolon;
(C) by redesignating paragraph (4) as paragraph
(5); and
(D) by inserting after paragraph (3) the following:
``(4) to the extent practicable, recommendations for
measures that could enhance the strategic goals of projects to
adapt to changing circumstances; and''.
SEC. 3. PUBLICLY AVAILABLE PROJECT INFORMATION.
Section 1444 of the Better Utilization of Investments Leading to
Development Act of 2018 (22 U.S.C. 9654) is amended in paragraph (1) to
read as follows:
``(1) maintain a user-friendly, publicly available,
machine-readable database with detailed project-level
information, as appropriate and to the extent practicable,
including a description of the support provided by the
Corporation under title II, which shall include, to the
greatest extent feasible for each project--
``(A) the information included in the report to
Congress under section 1443;
``(B) project-level performance metrics; and
``(C) a description of the development impact of
the project, including anticipated impact prior to
initiation of the project and assessed impact during
and after the completion of the project; and''.
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