H.R. 7570 · 116th Congress
To amend the Better Utilization of Investments Leading to Development Act of 2018 to facilitate increased…
Full title
To amend the Better Utilization of Investments Leading to Development Act of 2018 to facilitate increased equity investments under that Act.
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
YohoSponsor3 cosponsors · 1 D, 2 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill modifies budget treatment for equity investments made by the U.S. International Development Finance Corporation.
What it does: CRS summary · Introduced in House · Jul 9, 2020
This bill modifies budget treatment for equity investments made by the U.S. International Development Finance Corporation.
Under current law, such equity investments are treated like grants for federal budgetary scoring, which requires the government to provide through appropriations the full amount that may be invested (i.e., dollar-for-dollar funding).
The bill instead deems such equity investments a federal credit program. As a result, such investments are scored based on an estimated repayment rate, and appropriation of the full investment amount is not required.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Better Utilization of Investments Leading to Development Act of 2018 to facilitate increased equity investments under that Act.
Latest action (Jul 9, 2020): Referred to the House Committee on Foreign Affairs.
Policy area: International Affairs · Origin: House · Introduced: Jul 9, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.