DFC Modernization and Reauthorization Act of 2024

[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8926 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8926 To modify and reauthorize the Better Utilization of Investments Leading to Development Act of 2018. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 2, 2024 Mr. McCaul (for himself and Mr. Meeks) introduced the following bill; which was referred to the Committee on Foreign Affairs _______________________________________________________________________ A BILL To modify and reauthorize the Better Utilization of Investments Leading to Development Act of 2018. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``DFC Modernization and Reauthorization Act of 2024''. (b) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Sense of Congress. TITLE I--DEFINITIONS AND LESS DEVELOPED COUNTRY FOCUS Sec. 101. Definitions. Sec. 102. Less developed country focus. TITLE II--MANAGEMENT OF CORPORATION Sec. 201. Board of Directors. Sec. 202. Chief Risk Officer. Sec. 203. Chief Development Officer. Sec. 204. Pay comparability. Sec. 205. Office of Foreign Policy. TITLE III--AUTHORITIES RELATING TO PROVISION OF SUPPORT Sec. 301. Applicability of Federal Credit Reform Act of 1990. Sec. 302. Termination. TITLE IV--OTHER MATTERS Sec. 401. Corporate powers. Sec. 402. Maximum contingent liability. Sec. 403. Authorit To use portion of Corporation fees To update information technology systems. Sec. 404. Repeal of European Energy Security and Diversification Act of 2019. SEC. 2. SENSE OF CONGRESS. It is the sense of Congress that the United States International Development Finance Corporation should seek to responsibly increase its risk tolerance in investments to