H.R. 5105 · 115th Congress
BUILD Act of 2018
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 115th Congress ended.
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YohoSponsor44 cosponsors · 20 D, 24 R
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Smith
WK
D
Keating
MM
R
McCaul
RN
R
Norman
TP
R
Poe
ER
R
Royce
FR
R
Rooney
BS
D
Sherman
SM
D
Moulton
DC
D
Cicilline
TB
R
Budd
RK
D
Kind
SB
R
Brooks
MG
R
Gallagher
AB
D
Bera
BL
R
Long
AB
R
Barr
MM
R
Meadows
JW
R
Wilson
BF
R
Fitzpatrick
MP
D
Pocan
JC
D
Castro
TG
R
Garrett
BG
R
Guthrie
JB
D
Beatty
RL
D
Larsen
KB
D
Bass
DB
R
Bacon
RK
D
Khanna
DN
D
Norcross
DR
R
Reichert
JC
D
Cooper
BG
R
Goodlatte
GM
D
Moore
JK
R
Katko
EB
D
Blumenauer
BC
R
Comstock
JM
D
McGovern
CM
R
McMorris Rodgers
DW
R
Webster
SS
R
Scalise
DK
D
Kilmer
MC
R
Coffman
DH
D
Heck1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Feb 27, 2018
- House Passed Jul 17, 2018
Better Utilization of Investments Leading to Development Act of 2018 or the BUILD Act of 2018
What it does: CRS summary · Introduced in House · Feb 27, 2018
Better Utilization of Investments Leading to Development Act of 2018 or the BUILD Act of 2018
This bill establishes the United States International Development Finance Corporation to facilitate the participation of private sector capital and skills in the economic development of countries with low- or lower-middle-income economies and countries transitioning from nonmarket to market economies in order to complement U.S. assistance and foreign policy objectives.
The corporation may: (1) make loans or loan guarantees, (2) as a minority investor acquire equity or financial interests in entities, (3) provide insurance or reinsurance to private sector entities and qualifying sovereign entities, (4) provide technical assistance, (5) administer special projects, (6) establish enterprise funds, (7) issue obligations, and (8) charge service fees.
The corporation shall terminate after seven years.
The corporation shall not provide assistance to: (1) a country whose government has repeatedly supported acts of international terrorism, or (2) a private sector entity that is engaged in monopolistic practices.
The bill prescribes transitional provisions, including transferring to the corporation the functions, personnel, assets, and liabilities of the Overseas Private Investment Corporation (which is subsequently terminated) and specified elements of the U.S. Agency for International Development.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Better Utilization of Investments Leading to Development Act of 2018
Latest action (Jul 18, 2018): Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.
Policy area: International Affairs · Origin: House · Introduced: Feb 27, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Feb 27, 2018
- House Passed Jul 17, 2018
No recorded floor vote found.