arrow_back Back to App

Increased Transparency and Accountability for US Development Finance Corporation Investments.

This law significantly increases transparency and accountability for the US Development Finance Corporation (DFC), which uses public funds for global development projects. Citizens gain better insight into how funds are spent through new, detailed reporting requirements on project performance, risk, and private capital mobilization. A new public, machine-readable database will allow everyone to track the progress and impact of individual projects funded by taxpayers.
Key points
Requires the DFC to maintain a user-friendly, public database with detailed, project-level information, including performance metrics and development impact.
The government must now report to Congress on the strategic goals of projects, their actual financial health, and the level of risk taken in developing countries.
Enhanced oversight ensures better tracking of how much private capital is mobilized by public support, aiming for more efficient use of taxpayer money.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6562
Sponsor: Rep. Castro, Joaquin [D-TX-20]
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

United States Development Finance Corporation Effectiveness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6562.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • Requires the DFC to maintain a user-friendly, public database with detailed, project-level information, including performance metrics and development impact.
  • The government must now report to Congress on the strategic goals of projects, their actual financial health, and the level of risk taken in developing countries.
  • Enhanced oversight ensures better tracking of how much private capital is mobilized by public support, aiming for more efficient use of taxpayer money.
What is the specific legal status?

The current status is Introduced.

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. Castro, Joaquin [D-TX-20].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Public Investments Economy