I 

116TH CONGRESS 

2D SESSION H. R. 7570 

To amend the Better Utilization of Investments Leading to Development 

Act of 2018 to facilitate increased equity investments under that Act. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 9, 2020 

Mr. YOHO (for himself and Mr. SMITH of Washington) 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 facilitate increased equity 

investments under that Act. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. FACILITATION OF INCREASED EQUITY INVEST4 MENTS UNDER THE BETTER UTILIZATION OF 

5 INVESTMENTS LEADING TO DEVELOPMENT 

6 ACT OF 2018. 

7 (a) APPLICABILITY OF FEDERAL CREDIT REFORM

8 ACT OF 1990.—Section 1421(c) of the Better Utilization 

9 of Investments Leading to Development Act of 2018 (22 


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•HR 7570 IH

1 U.S.C. 9621(c)) is amended by adding at the end the fol2 lowing: 

3 ‘‘(7) APPLICABILITY OF FEDERAL CREDIT RE4 FORM ACT OF 1990.— 

5 ‘‘(A) IN GENERAL.—Subject to subpara6 graphs (B) and (C), support provided under 

7 paragraph (1) with respect to a project shall be 

8 considered to be a Federal credit program that 

9 is subject to the Federal Credit Reform Act of 

10 1990 (2 U.S.C. 661 et seq.) for purposes of ap11 plying the requirements of such Act to such 

12 support. 

13 ‘‘(B) DETERMINATION OF COST.— 

14 ‘‘(i) IN GENERAL.—For purposes of 

15 section 502(5) of the Federal Credit Re16 form Act of 1990 (2 U.S.C. 661a(5) et 

17 seq.) the cost of support provided under 

18 paragraph (1) with respect to a project 

19 shall be the net present value, at the time 

20 when funds are disbursed to provide the 

21 support, of the following estimated cash 

22 flows: 

23 ‘‘(I) The purchase price of the 

24 support. 


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•HR 7570 IH

1 ‘‘(II) Dividends, redemptions, 

2 and other shareholder distributions 

3 during the term of the support. 

4 ‘‘(III) Proceeds received upon a 

5 sale, redemption, or other liquidation 

6 of the support. 

7 ‘‘(IV) Adjustments for risk of es8 timated losses, if any. 

9 ‘‘(ii) CHANGES IN TERMS IN10 CLUDED.—The estimated cash flows de11 scribed in subclauses (I) through (IV) of 

12 clause (i) shall include the effects of 

13 changes in terms resulting from the exer14 cise of options included in the agreement 

15 to provide the support. 

16 ‘‘(C) REESTIMATE OF COST.—When the 

17 estimated cost of support provided under para18 graph (1) with respect to a project made in a 

19 single fiscal year is reestimated in a subsequent 

20 year, the difference between the reestimated 

21 cost and the previous cost estimate shall be 

22 paid from the balances available in the Cor23 porate Capital Account established under sec24 tion 1434.’’. 


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•HR 7570 IH

1 (b) FUNDING FOR CORPORATE CAPITAL ACCOUNT.— 

2 Section 1434(b) of the Better Utilization of Investments 

3 Leading to Development Act of 2018 (22 U.S.C. 9634(b)) 

4 is amended— 

5 (1) in paragraph (5), by striking ‘‘and’’ at the 

6 end; 

7 (2) by redesignating paragraph (6) as para8 graph (7); and 

9 (3) by inserting after paragraph (5) the fol10 lowing: 

11 ‘‘(7) receipts of reestimated costs received pur12 suant to section 1421(c).’’. 

Æ 


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