HR 7570
To amend the Better Utilization of Investments Leading to Development Act of 2018 to facilitate increased equity investments under that Act.
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- Passed House
- Passed Senate
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Bill overview
This bill modifies the Better Utilization of Investments Leading to Development Act of 2018 to allow the U.S. International Development Finance Corporation to treat its equity investments as federal credit programs. Currently, these investments are scored as grants, requiring full appropriations. By changing the scoring method, the bill aims to encourage more equity investments by reducing the financial burden on the U.S. government. It also establishes a mechanism for reestimating and funding the costs associated with these investments.
Sponsors
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Primary sponsor
Ted S. Yoho
Cosponsors
Denver Riggleman
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