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Fostering Innovation in US Development Assistance

This act aims to enhance the effectiveness of U.S. foreign aid by promoting innovative solutions. This means taxpayer money will be spent more thoughtfully to achieve better results in addressing global challenges, potentially impacting international stability and trade relations.
Key points
Establishment of a Chief Innovation Officer within USAID to lead the implementation of new ideas and technologies in aid programs.
Introduction of programs like Development Innovation Ventures and Proven Solutions to fund proven and effective development solutions.
Increased flexibility in project funding, allowing for faster testing and scaling of innovative solutions, and enabling recovery of some funds upon project success.
Collaboration with the private sector, NGOs, and universities to leverage their expertise and resources in solving global problems.
Creation of a 5-year innovation strategy to ensure coordinated efforts and integration of innovation across all USAID programs.
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Additional Information
Print number: 117_HR_9500
Sponsor: Rep. Castro, Joaquin [D-TX-20]
Process start date: 2022-12-13