Section 1 Short title
This Act may be cited as the “United States International Development Corporation Chief Development Officer Act”.
United States International Development Corporation Chief Development Officer Act
A BILL
To strengthen the development mandate of the United States International Development Finance Corporation, and for other purposes.
Sec. 2 Chief development officer
Section 1413(g) of the Better Utilization of Investments Leading to Development Act of 2018 (22 U.S.C. 9613) is amended—
in paragraph (1)—
in the matter preceding subparagraph (A)—
by striking “Subject to the approval of the Board, the” and inserting “The”; and
by striking “in development” and inserting “in international development and development finance”; and
in subparagraph (A), by striking “the Board” and inserting “the Chief Executive Officer”; and
in paragraph (2)—
in the paragraph heading, by inserting “AND RESPONSIBILITIES” after “DUTIES”;
by redesignating subparagraph (A) as subparagraph (E);
by striking subparagraphs (B) through (F) and inserting before subparagraph (E), as so redesignated, the following:
“(A) advise the Chief Executive Officer and the Deputy Chief Executive Officer on international development policy matters;
“(B) in addition to the Chief Executive Officer and the Deputy Chief Executive Officer, represent the Corporation in interagency meetings and processes relating to international development;
“(C) be an ex officio member of the Development Finance Advisory Council established under subsection (i) and participate in or send a representative to each meeting of the Council;
“(D) work with other relevant Federal departments and agencies to—
“(i) identify projects that advance United States international development interests; and
“(ii) explore investment opportunities that bring evidence-based, cost-effective development innovations to scale in a manner that can be sustained by markets;”
in subparagraph (E), as so redesignated—
by striking “coordinate” and inserting
“(i) coordination of”
in clause (i), as so redesignated, by striking “United States Government” and all that follows through the semicolon and inserting “Federal departments and agencies, including by directly liaising with the relevant members of United States country teams serving overseas, to ensure that such Federal departments, agencies, and country teams have the training and awareness necessary to fully leverage the Corporation’s development tools overseas;”; and
by adding at the end the following:
“(ii) management of employees of the Corporation that are dedicated to structuring, monitoring, and evaluating transactions and projects codesigned with other relevant Federal departments and agencies for development impact;
“(iii) coordination of funds or other resources transferred to and from such Federal departments, agencies, or overseas country teams, upon concurrence of those institutions, in support of the Corporation’s international development projects or activities;
“(iv) management of the responsibilities of the Corporation under paragraphs (1) and (4) of section 1442(b) and paragraphs (1)(A) and (3)(A) of section 1443(b);
“(v) coordination and implementation of the activities of the Corporation under section 1445; and
“(vi) implementation of the Corporation’s development impact strategy and work to ensure development impact at the transaction level and portfolio-wide;”
by adding at the end the following:
“(F) foster and maintain relationships both within and external to the Corporation that enhance the capacity of the Corporation to achieve its mission to advance United States international development policy and interests; and
“(G) coordinate within the Corporation to ensure United States international development policy and interests are considered together with the Corporation’s foreign policy and national security goals.”