United States International Development Corporation Chief Development Officer Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill amends the Better Utilization of Investments Leading to Development Act of 2018 to establish a Chief Development Officer within the United States International Development Finance Corporation (USIDFC). The Chief Development Officer will advise the CEO, represent the corporation in interagency meetings, and work with other federal agencies to identify and support development projects aligned with U.S. international development interests. The role also includes coordinating resources and ensuring development impact at the transaction and portfolio levels.
Key provisions
- Creates a Chief Development Officer position within the USIDFC.
- The Chief Development Officer will advise the CEO and Deputy CEO on international development policy.
- The Chief Development Officer will represent the USIDFC in interagency meetings.
- The Chief Development Officer will collaborate with other federal agencies to identify and support development projects.
- The Chief Development Officer will coordinate with relevant federal departments and agencies to ensure alignment with U.S. foreign policy and national security goals.
- The Chief Development Officer will manage employees dedicated to structuring and evaluating development transactions.
- The Chief Development Officer will coordinate the transfer of funds and resources to support USIDFC projects.
- The Chief Development Officer will implement the Corporation’s development impact strategy.
Who is affected
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