H.R. 6562

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6562 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. R. 6562

To amend the Better Utilization of Investments Leading to Development 
Act of 2018 to provide for increased effectiveness.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

December 10, 2025

Mr. Castro of Texas introduced the following bill; which was referred 
to the Committee on Foreign Affairs

_______________________________________________________________________

A BILL

To amend the Better Utilization of Investments Leading to Development 
Act of 2018 to provide for increased effectiveness.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``United States Development Finance 
Corporation Effectiveness Act''.

SEC. 2. ANNUAL REPORT.

Section 1443 of the Better Utilization of Investments Leading to 
Development Act of 2018 (22 U.S.C. 9653) is amended--
(1) in subsection (a)--
(A) in paragraph (3), by striking ``; and'' and 
inserting a semicolon;
(B) in paragraph (4), by striking the period at the 
end and inserting a semicolon; and
(C) by inserting at the end the following:
``(5) the United States strategic, foreign policy, and 
development objectives advanced through projects supported by 
the Corporation; and
``(6) the health of the Corporation's portfolio, including 
an annual overview of funds committed, funds disbursed, default 
and recovery rates, capital mobilized, equity investments' year 
on year returns, and any difference between how investments 
were modeled at commitment and how they ultimately performed, 
to include a narrative explanation explaining any changes.''; 
and
(2) in subsection (b)--
(A) in paragraph (1), by striking subparagraphs (A) 
and (B) and inserting the following:
``(A) the desired development impact and strategic 
outcomes for projects, and whether or not the 
Corporation is meeting the associated metrics, goals, 
and development objectives, including, to the extent 
practicable, in the years after conclusion of projects;
``(B) whether the Corporation's support for 
projects that focus on achieving strategic outcomes are 
achieving such strategic objectives of such investments 
over the duration of the support and lasting after the 
Corporation's support is completed;
``(C) the value of private sector assets brought to 
bear relative to the amount of support provided by the 
Corporation and the value of any other public sector 
support;
``(D) the total private capital projected to be 
mobilized by projects supported by the Corporation 
during that year, including an analysis of the lenders 
and investors involved and investment instruments used;
``(E) the total private capital actually mobilized 
by projects supported by the Corporation that were 
fully funded by the end of that year, including--
``(i) an analysis of the lenders and 
investors involved and investment instruments 
used; and
``(ii) a comparison with the private 
capital projected to be mobilized for the 
projects described in this paragraph;
``(F) a breakdown of--
``(i) the amount and percentage of 
Corporation support provided to less developed 
countries, advancing income countries, and 
high-income countries in the previous fiscal 
year; and
``(ii) the amount and percentage of 
Corporation support provided to less developed 
countries, advancing income countries, and 
high-income countries averaged over the last 5 
fiscal years;
``(G) a breakdown of the aggregate amounts and 
percentage of the maximum contingent liability of the 
Corporation authorized to be outstanding pursuant to 
section 1433 in less developed countries, advancing 
income countries, and high-income countries;
``(H) the risk appetite of the Corporation to 
undertake projects in less developed countries and in 
sectors that are critical to development but less 
likely to deliver substantial financial returns; and
``(I) efforts by the Chief Executive Officer to 
incentivize calculated risk-taking by transaction 
teams, including through the conduct of development 
performance reviews and provision of development 
performance rewards;'';
(B) in paragraph (3)(B), by striking ``; and'' and 
inserting a semicolon;
(C) by redesignating paragraph (4) as paragraph 
(5); and
(D) by inserting after paragraph (3) the following:
``(4) to the extent practicable, recommendations for 
measures that could enhance the strategic goals of projects to 
adapt to changing circumstances; and''.

SEC. 3. PUBLICLY AVAILABLE PROJECT INFORMATION.

Section 1444 of the Better Utilization of Investments Leading to 
Development Act of 2018 (22 U.S.C. 9654) is amended in paragraph (1) to 
read as follows:
``(1) maintain a user-friendly, publicly available, 
machine-readable database with detailed project-level 
information, as appropriate and to the extent practicable, 
including a description of the support provided by the 
Corporation under title II, which shall include, to the 
greatest extent feasible for each project--
``(A) the information included in the report to 
Congress under section 1443;
``(B) project-level performance metrics; and
``(C) a description of the development impact of 
the project, including anticipated impact prior to 
initiation of the project and assessed impact during 
and after the completion of the project; and''.
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