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Boosting US Global Investment Power: $100 Billion for Competitiveness and Security.

This law significantly increases the capacity of the US International Development Finance Corporation (DFC) to invest globally, raising its maximum contingent liability from $60 billion to $100 billion. The goal is to strengthen US economic and strategic standing, particularly in fragile regions, and offer a robust alternative to state-directed investments by strategic competitors. While technical, these changes indirectly support national security and global stability, which is crucial for the US economy.
Key points
The DFC's financial guarantee limit is raised from $60 billion to $100 billion, enabling greater support for international development and infrastructure projects.
The DFC is now explicitly authorized and encouraged to invest more easily in fragile and conflict-affected states to meet US national security goals.
New accounting rules are established for DFC's equity investments, designed to streamline budgeting and accelerate project implementation, increasing the efficiency of public funds.
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Additional Information
Print number: 118_S_3005
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2023-10-03
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Enhancing American Competitiveness Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3005.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-10-03.

What are the main provisions?

Key points include:

  • The DFC's financial guarantee limit is raised from $60 billion to $100 billion, enabling greater support for international development and infrastructure projects.
  • The DFC is now explicitly authorized and encouraged to invest more easily in fragile and conflict-affected states to meet US national security goals.
  • New accounting rules are established for DFC's equity investments, designed to streamline budgeting and accelerate project implementation, increasing the efficiency of public funds.
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 Sen. Coons, Christopher A. [D-DE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Public Investments Economy Security