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Doubling Foreign Investment Funds: Boosting Security and Development Capacity

This Act doubles the maximum amount the U.S. International Development Finance Corporation (DFC) can commit to foreign investments, raising its capacity to $120 billion. While these funds target projects in developing nations, the goal is to strengthen U.S. national security and advance economic interests globally. This expansion means greater U.S. involvement in international infrastructure projects, alongside an acceptance of higher financial risk for public funds.
Key points
DFC's financial capacity to support global development projects is doubled from $60 billion to $120 billion, significantly expanding U.S. global reach.
The Corporation is encouraged to accept higher risk, including guaranteeing 100% of loans, to compete effectively in challenging markets and meet national security objectives.
New rules limit investments in high-income countries, requiring most funds to prioritize less developed nations and benefit the poorest populations.
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Expired
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Additional Information
Print number: 118_HR_8926
Sponsor: Rep. McCaul, Michael T. [R-TX-10]
Process start date: 2024-07-02
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

DFC Modernization and Reauthorization Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8926.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-07-02.

What are the main provisions?

Key points include:

  • DFC's financial capacity to support global development projects is doubled from $60 billion to $120 billion, significantly expanding U.S. global reach.
  • The Corporation is encouraged to accept higher risk, including guaranteeing 100% of loans, to compete effectively in challenging markets and meet national security objectives.
  • New rules limit investments in high-income countries, requiring most funds to prioritize less developed nations and benefit the poorest populations.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. McCaul, Michael T. [R-TX-10].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported (Amended) by the Yeas and Nays: 43 - 2.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Public Investments Security Economy