United States International Development Corporation Chief Development Officer Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6910 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 6910

      To strengthen the development mandate of the United States 
 International Development Finance Corporation, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 19, 2025

 Mr. Castro of Texas introduced the following bill; which was referred 
                  to the Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
      To strengthen the development mandate of the United States 
 International Development Finance Corporation, and for other purposes.

    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 International 
Development Corporation Chief Development Officer Act''.

SEC. 2. CHIEF DEVELOPMENT OFFICER.

    Section 1413(g) of the Better Utilization of Investments Leading to 
Development Act of 2018 (22 U.S.C. 9613) is amended--
            (1) in paragraph (1)--
                    (A) in the matter preceding subparagraph (A)--
                            (i) by striking ``Subject to the approval 
                        of the Board, the'' and inserting ``The''; and
                            (ii) by striking ``in development'' and 
                        inserting ``in international development and 
                        development finance''; and
                    (B) in subparagraph (A), by striking ``the Board'' 
                and inserting ``the Chief Executive Officer''; and
            (2) in paragraph (2)--
                    (A) in the paragraph heading, by inserting ``AND 
                RESPONSIBILITIES'' after ``DUTIES'';
                    (B) by redesignating subparagraph (A) as 
                subparagraph (E);
                    (C) by striking subparagraphs (B) through (F) and 
                inserting before subparagraph (E), as so redesignated, 
                the following:
                    ``(A) advise the Chief Executive Officer and the 
                Deputy Chief Executive Officer on international 
                development policy matters;
                    ``(B) in addition to the Chief Executive Officer 
                and the Deputy Chief Executive Officer, represent the 
                Corporation in interagency meetings and processes 
                relating to international development;
                    ``(C) be an ex officio member of the Development 
                Finance Advisory Council established under subsection 
                (i) and participate in or send a representative to each 
                meeting of the Council;
                    ``(D) work with other relevant Federal departments 
                and agencies to--
                            ``(i) identify projects that advance United 
                        States international development interests; and
                            ``(ii) explore investment opportunities 
                        that bring evidence-based, cost-effective 
                        development innovations to scale in a manner 
                        that can be sustained by markets;'';
                    (D) in subparagraph (E), as so redesignated--
                            (i) by striking ``coordinate'' and 
                        inserting ``support--
                            ``(i) coordination of'';
                            (ii) in clause (i), as so redesignated, by 
                        striking ``United States Government'' and all 
                        that follows through the semicolon and 
                        inserting ``Federal departments and agencies, 
                        including by directly liaising with the 
                        relevant members of United States country teams 
                        serving overseas, to ensure that such Federal 
                        departments, agencies, and country teams have 
                        the training and awareness necessary to fully 
                        leverage the Corporation's development tools 
                        overseas;''; and
                            (iii) by adding at the end the following:
                            ``(ii) management of employees of the 
                        Corporation that are dedicated to structuring, 
                        monitoring, and evaluating transactions and 
                        projects codesigned with other relevant Federal 
                        departments and agencies for development 
                        impact;
                            ``(iii) coordination of funds or other 
                        resources transferred to and from such Federal 
                        departments, agencies, or overseas country 
                        teams, upon concurrence of those institutions, 
                        in support of the Corporation's international 
                        development projects or activities;
                            ``(iv) management of the responsibilities 
                        of the Corporation under paragraphs (1) and (4) 
                        of section 1442(b) and paragraphs (1)(A) and 
                        (3)(A) of section 1443(b);
                            ``(v) coordination and implementation of 
                        the activities of the Corporation under section 
                        1445; and
                            ``(vi) implementation of the Corporation's 
                        development impact strategy and work to ensure 
                        development impact at the transaction level and 
                        portfolio-wide;''; and
                    (E) by adding at the end the following:
                    ``(F) foster and maintain relationships both within 
                and external to the Corporation that enhance the 
                capacity of the Corporation to achieve its mission to 
                advance United States international development policy 
                and interests; and
                    ``(G) coordinate within the Corporation to ensure 
                United States international development policy and 
                interests are considered together with the 
                Corporation's foreign policy and national security 
                goals.''.
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