II 

114TH CONGRESS 

1ST SESSION S. 1933 

To establish a comprehensive United States Government policy to encourage 

the efforts of countries in sub-Saharan Africa to develop an appropriate 

mix of power solutions, including renewable energy, for more broadly 

distributed electricity access in order to support poverty reduction, promote development outcomes, and drive economic growth, and for other 

purposes. 

IN THE SENATE OF THE UNITED STATES 

AUGUST 4, 2015 

Mr. CORKER (for himself, Mr. CARDIN, Mr. GRAHAM, Mr. DURBIN, Mr. ISAKSON, Mr. MARKEY, Ms. COLLINS, Mr. MENENDEZ, Mr. GARDNER, Mrs. 

SHAHEEN, Mr. KIRK, Mr. COONS, Mr. ALEXANDER, Mr. MURPHY, Mr. 

BOOZMAN, Mrs. MURRAY, and Mr. SCHUMER) introduced the following 

bill; which was read twice and referred to the Committee on Foreign Relations 

A BILL 

To establish a comprehensive United States Government policy to encourage the efforts of countries in sub-Saharan 

Africa to develop an appropriate mix of power solutions, 

including renewable energy, for more broadly distributed 

electricity access in order to support poverty reduction, 

promote development outcomes, and drive economic 

growth, and for other purposes. 

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


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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Electrify Africa Act 

3 of 2015’’. 

4 SEC. 2. PURPOSE. 

5 The purpose of this Act is to encourage the efforts 

6 of countries in sub-Saharan Africa to improve access to 

7 affordable and reliable electricity in Africa in order to 

8 unlock the potential for economic growth, job creation, 

9 food security, improved health, education, and environ10 mental outcomes, and poverty reduction. 

11 TITLE I—POLICIES TO IMPROVE 

12 ACCESS TO POWER IN SUB-SA13 HARAN AFRICA 

14 SEC. 101. STATEMENT OF POLICY. 

15 It is the policy of the United States to partner, con16 sult, and coordinate with the governments of sub-Saharan 

17 African countries, international financial institutions, and 

18 African regional economic communities, cooperatives, and 

19 the private sector, in a concerted effort to— 

20 (1) promote first-time access to power and 

21 power services for at least 50,000,000 people in sub22 Saharan Africa by 2020 in both urban and rural 

23 areas; 

24 (2) encourage the installation of at least 20,000 

25 additional megawatts of electrical power in sub-Sa26 haran Africa by 2020 using a broad mix of energy 


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1 options to help reduce poverty, promote sustainable 

2 development, and drive economic growth; 

3 (3) promote reliable, affordable, and sustainable 

4 power in urban areas (including small urban areas) 

5 to promote economic growth and job creation; 

6 (4) promote policies to facilitate public-private 

7 partnerships to provide electrical service to rural and 

8 underserved populations; 

9 (5) encourage the necessary in-country reforms, 

10 including facilitating public-private partnerships spe11 cifically to support electricity access projects to 

12 make such expansion of power access possible; 

13 (6) promote reforms of power production, deliv14 ery, and pricing, as well as regulatory reforms and 

15 transparency, to support long-term, market-based 

16 power generation and distribution; 

17 (7) promote policies to displace kerosene light18 ing with other technologies; and 

19 (8) promote an all-of-the-above energy develop20 ment strategy for sub-Saharan Africa that includes 

21 the use of oil, natural gas, coal, hydroelectric, wind, 

22 solar, and geothermal power, and other sources of 

23 energy. 


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1 SEC. 102. DEVELOPMENT OF COMPREHENSIVE, MULTIYEAR 

2 STRATEGY. 

3 (a) STRATEGY REQUIRED.— 

4 (1) IN GENERAL.—The President shall establish 

5 a comprehensive, integrated, multiyear strategy to 

6 encourage the efforts of countries in sub-Saharan 

7 Africa to implement national power strategies and 

8 develop an appropriate mix of power solutions to 

9 provide access to sufficient reliable, affordable, and 

10 sustainable power in order to reduce poverty and 

11 drive economic growth and job creation consistent 

12 with the policy stated in section 101. 

13 (2) FLEXIBILITY AND RESPONSIVENESS.—The 

14 President shall ensure that the strategy required 

15 under paragraph (1) maintains sufficient flexibility 

16 for and remains responsive to technological innova17 tion in the power sector. 

18 (b) REPORT REQUIRED.—Not later than 180 days 

19 after the date of the enactment of this Act, the President 

20 shall transmit to the Committee on Foreign Relations of 

21 the Senate and the Committee on Foreign Affairs of the 

22 House of Representatives a report that contains the strat23 egy required under subsection (a) and includes a discus24 sion of the following elements: 

25 (1) The objectives of the strategy and the cri26 teria for determining the success of the strategy. 


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1 (2) A general description of efforts in sub-Saha2 ran Africa to— 

3 (A) increase power production; 

4 (B) strengthen electrical transmission and 

5 distribution infrastructure; 

6 (C) provide for regulatory reform and 

7 transparent and accountable governance and 

8 oversight; 

9 (D) improve the reliability of power; 

10 (E) maintain the affordability of power; 

11 (F) maximize the financial sustainability of 

12 the power sector; and 

13 (G) improve access to power. 

14 (3) A description of plans to support efforts of 

15 countries in sub-Saharan Africa to increase access to 

16 power in urban and rural areas, including a descrip17 tion of plans designed to address commercial, indus18 trial, and residential needs. 

19 (4) A description of plans to support efforts to 

20 reduce waste and corruption and improve existing 

21 power generation through the use of a broad power 

22 mix, including fossil fuel and renewable energy, dis23 tributed generation models, energy efficiency, and 

24 other technological innovations, as appropriate. 


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1 (5) An analysis of existing mechanisms for en2 suring, and recommendations to promote— 

3 (A) commercial cost recovery; 

4 (B) commercialization of electric service 

5 through distribution service providers, including 

6 cooperatives, to consumers; 

7 (C) improvements in revenue cycle man8 agement, power pricing, and fees assessed for 

9 service contracts and connections; 

10 (D) reductions in technical losses and com11 mercial losses; and 

12 (E) access to power, including rec13 ommendations on the creation of new service 

14 provider models that mobilize community par15 ticipation in the provision of power services. 

16 (6) A description of the reforms being under17 taken or planned by countries in sub-Saharan Africa 

18 to ensure the long-term economic viability of power 

19 projects and to increase access to power, including— 

20 (A) reforms designed to allow third parties 

21 to connect power generation to the grid; 

22 (B) policies to ensure there is a viable and 

23 independent utility regulator; 

24 (C) strategies to ensure utilities become or 

25 remain creditworthy; 


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1 (D) regulations that permit the participa2 tion of independent power producers and pri3 vate-public partnerships; 

4 (E) policies that encourage private sector 

5 and cooperative investment in power generation; 

6 (F) policies that ensure compensation for 

7 power provided to the electrical grid by on-site 

8 producers; 

9 (G) policies to unbundle power services; 

10 (H) regulations to eliminate conflicts of in11 terest in the utility sector; 

12 (I) efforts to develop standardized power 

13 purchase agreements and other contracts to 

14 streamline project development; and 

15 (J) efforts to negotiate and monitor com16 pliance with power purchase agreements and 

17 other contracts entered into with the private 

18 sector. 

19 (7) A description of plans to ensure meaningful 

20 local consultation, as appropriate, in the planning, 

21 long-term maintenance, and management of invest22 ments designed to increase access to power in sub23 Saharan Africa. 

24 (8) A description of the mechanisms to be es25 tablished for— 


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1 (A) selection of partner countries for fo2 cused engagement on the power sector; 

3 (B) monitoring and evaluating increased 

4 access to, and reliability and affordability of, 

5 power in sub-Saharan Africa; 

6 (C) maximizing the financial sustainability 

7 of power generation, transmission, and distribu8 tion in sub-Saharan Africa; 

9 (D) establishing metrics to demonstrate 

10 progress on meeting goals relating to access to 

11 power, power generation, and distribution in 

12 sub-Saharan Africa; and 

13 (E) terminating unsuccessful programs. 

14 (9) A description of how the President intends 

15 to promote trade in electrical equipment with coun16 tries in sub-Saharan Africa, including a description 

17 of how the government of each country receiving as18 sistance pursuant to the strategy— 

19 (A) plans to lower or eliminate import tar20 iffs or other taxes for energy and other power 

21 production and distribution technologies des22 tined for sub-Saharan Africa, including equip23 ment used to provide energy access, including 

24 solar lanterns, solar home systems, and micro 

25 and mini grids; and 


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1 (B) plans to protect the intellectual prop2 erty of companies designing and manufacturing 

3 products that can be used to provide energy ac4 cess in sub-Saharan Africa. 

5 (10) A description of how the President intends 

6 to encourage the growth of distributed renewable en7 ergy markets in sub-Saharan Africa, including off8 grid lighting and power, that includes— 

9 (A) an analysis of the state of distributed 

10 renewable energy in sub-Saharan Africa; 

11 (B) a description of market barriers to the 

12 deployment of distributed renewable energy 

13 technologies both on- and off-grid in sub-Saha14 ran Africa; 

15 (C) an analysis of the efficacy of efforts by 

16 the Overseas Private Investment Corporation 

17 and the United States Agency for International 

18 Development to facilitate the financing of the 

19 importation, distribution, sale, leasing, or mar20 keting of distributed renewable energy tech21 nologies; and 

22 (D) a description of how bolstering distrib23 uted renewable energy can enhance the overall 

24 effort to increase power access in sub-Saharan 

25 Africa. 


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1 (11) A description of plans to ensure that small 

2 and medium enterprises based in sub-Saharan Africa 

3 can fairly compete for energy development and en4 ergy access opportunities associated with this Act. 

5 (c) INTERAGENCY WORKING GROUP.— 

6 (1) IN GENERAL.—The President may, as ap7 propriate, establish an Interagency Working Group 

8 to coordinate the activities of relevant United States 

9 Government departments and agencies involved in 

10 carrying out the strategy required under this sec11 tion. 

12 (2) FUNCTIONS.—The Interagency Working 

13 Group may, among other things— 

14 (A) seek to coordinate the activities of the 

15 United States Government departments and 

16 agencies involved in implementing the strategy 

17 required under this section; 

18 (B) ensure efficient and effective coordina19 tion between participating departments and 

20 agencies; and 

21 (C) facilitate information sharing, and co22 ordinate partnerships between the United 

23 States Government, the private sector, and 

24 other development partners to achieve the goals 

25 of the strategy. 


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1 SEC. 103. PRIORITIZATION OF EFFORTS AND ASSISTANCE 

2 FOR POWER PROJECTS IN SUB-SAHARAN AF3 RICA BY KEY UNITED STATES INSTITUTIONS. 

4 (a) IN GENERAL.—In pursuing the policy goals de5 scribed in section 101, the Administrator of the United 

6 States Agency for International Development, the Director 

7 of the Trade and Development Agency, the Overseas Pri8 vate Investment Corporation, and the Chief Executive Of9 ficer and Board of Directors of the Millennium Challenge 

10 Corporation should, as appropriate, prioritize and expedite 

11 institutional efforts and assistance to facilitate the involve12 ment of such institutions in power projects and markets, 

13 both on- and off-grid, in sub-Saharan Africa and partner 

14 with other investors and local institutions in sub-Saharan 

15 Africa, including private sector actors, to specifically in16 crease access to reliable, affordable, and sustainable power 

17 in sub-Saharan Africa, including through— 

18 (1) maximizing the number of people with new 

19 access to power and power services; 

20 (2) improving and expanding the generation, 

21 transmission and distribution of power; 

22 (3) providing reliable power to people and busi23 nesses in urban and rural communities; 

24 (4) addressing the energy needs of people living 

25 in areas where there is little or no access to a power 


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1 grid and developing plans to systematically increase 

2 coverage in rural areas; 

3 (5) reducing transmission and distribution 

4 losses and improving end-use efficiency and demand5 side management; 

6 (6) reducing energy-related impediments to 

7 business productivity and investment; and 

8 (7) building the capacity of countries in sub-Sa9 haran Africa to monitor and appropriately and 

10 transparently regulate the power sector and encour11 age private investment in power production and dis12 tribution. 

13 (b) EFFECTIVENESS MEASUREMENT.—In prioritiz14 ing and expediting institutional efforts and assistance pur15 suant to this section, as appropriate, such institutions 

16 shall use clear, accountable, and metric-based targets to 

17 measure the effectiveness of such guarantees and assist18 ance in achieving the goals described in section 101. 

19 (c) RULE OF CONSTRUCTION.—Nothing in this sec20 tion may be construed to authorize modifying or limiting 

21 the portfolio of the institutions covered by subsection (a) 

22 in other developing regions. 

23 SEC. 104. LEVERAGING INTERNATIONAL SUPPORT. 

24 In implementing the strategy described in section 

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1 resentatives to appropriate international bodies to use the 

2 influence of the United States, consistent with the broad 

3 development goals of the United States, to advocate that 

4 each such body— 

5 (1) commit to significantly increase efforts to 

6 promote investment in well-designed power sector 

7 and electrification projects in sub-Saharan Africa 

8 that increase energy access, in partnership with the 

9 private sector and consistent with the host countries’ 

10 absorptive capacity; 

11 (2) address energy needs of individuals and 

12 communities where access to an electricity grid is 

13 impractical or cost-prohibitive; 

14 (3) enhance coordination with the private sector 

15 in sub-Saharan Africa to increase access to elec16 tricity; 

17 (4) provide technical assistance to the regu18 latory authorities of sub-Saharan African govern19 ments to remove unnecessary barriers to investment 

20 in otherwise commercially viable projects; and 

21 (5) utilize clear, accountable, and metric-based 

22 targets to measure the effectiveness of such projects. 

23 SEC. 105. PROGRESS REPORT. 

24 (a) IN GENERAL.—Not later than three years after 

25 the date of the enactment of this Act, the President shall 


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1 transmit to the Committee on Foreign Affairs of the 

2 House of Representatives and the Committee on Foreign 

3 Relations of the Senate a report on progress made toward 

4 achieving the strategy described in section 102 that in5 cludes the following: 

6 (1) A report on United States programs sup7 porting implementation of policy and legislative 

8 changes leading to increased power generation and 

9 access in sub-Saharan Africa, including a description 

10 of the number, type, and status of policy, regulatory, 

11 and legislative changes initiated or implemented as 

12 a result of programs funded or supported by the 

13 United States in countries in sub-Saharan Africa to 

14 support increased power generation and access after 

15 the date of the enactment of this Act. 

16 (2) A description of power projects receiving 

17 United States Government support and how such 

18 projects, including off-grid efforts, are intended to 

19 achieve the strategy described in section 102. 

20 (3) For each project described in paragraph 

21 (2)— 

22 (A) a description of how the project fits 

23 into, or encourages modifications of, the na24 tional energy plan of the country in which the 


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1 project will be carried out, including encour2 aging regulatory reform in that country; 

3 (B) an estimate of the total cost of the 

4 project to the consumer, the country in which 

5 the project will be carried out, and other inves6 tors; 

7 (C) the amount of financing provided or 

8 guaranteed by the United States Government 

9 for the project; 

10 (D) an estimate of United States Govern11 ment resources for the project, itemized by 

12 funding source, including from the Overseas 

13 Private Investment Corporation, the United 

14 States Agency for International Development, 

15 the Department of the Treasury, and other ap16 propriate United States Government depart17 ments and agencies; 

18 (E) an estimate of the number of individ19 uals, communities, businesses, schools, and 

20 health facilities that have gained power connec21 tions as a result of the project, with a descrip22 tion of how the reliability, affordability, and 

23 sustainability of power has been improved as of 

24 the date of the report; 


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1 (F) an assessment of the increase in the 

2 number of people and businesses with access to 

3 power, and in the operating electrical power ca4 pacity in megawatts as a result of the project 

5 between the date of the enactment of this Act 

6 and the date of the report; 

7 (G) a description of efforts to gain mean8 ingful local consultation for projects associated 

9 with this Act and any significant estimated 

10 noneconomic effects of the efforts carried out 

11 pursuant to this Act; and 

12 (H) a description of the participation by 

13 small and medium enterprises based in sub-Sa14 haran Africa on projects associated with this 

15 Act. 

16 TITLE II—OVERSEAS PRIVATE 

17 INVESTMENT CORPORATION 

18 SEC. 201. EXTENSION OF ISSUING AUTHORITY. 

19 Section 235(a)(2) of the Foreign Assistance Act of 

20 1961 (22 U.S.C. 2195(a)(2)) is amended by striking 

21 ‘‘2007’’ and inserting ‘‘2018’’. 

22 SEC. 202. EXPEDITED PROCEDURES. 

23 Not later than 180 days after the date of the enact24 ment of this Act, the Overseas Private Investment Cor25 poration should, as appropriate, simplify the application, 


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1 approval, and post-approval processes for insurance, fi2 nancing, investment, or reinsurance for power generation 

3 and distribution projects or subprojects in sub-Saharan 

4 Africa for which the total support of the Corporation is 

5 less than $20,000,000, with consideration of the best prac6 tices established by the International Finance Corporation 

7 of the World Bank Group. 

8 SEC. 203. TRANSPARENCY. 

9 The Overseas Private Investment Corporation 

10 should— 

11 (1) publish in an accessible digital format meas12 urable development effects of investments of the 

13 Corporation, including appropriate quantifiable 

14 metrics to measure energy access at the household, 

15 enterprise, and community levels; and 

16 (2) publish in an accessible digital format the 

17 amount, type, location, duration, and measurable re18 sults of all investments and financings of the Cor19 poration, with links to relevant reports and displays 

20 on an interactive map, where appropriate. 

21 SEC. 204. BOARD COMPOSITION. 

22 (a) IN GENERAL.—Section 233(b) of the Foreign As23 sistance Act of 1961 (22 U.S.C. 2193(b)) is amended by 

24 inserting after the sixth sentence the following new senVerDate Sep 11 2014 00:33 Aug 11, 2015 Jkt 049200 PO 00000 Frm 00017 Fmt 6652 Sfmt 6201 E:\BILLS\S1933.IS S1933

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1 tence: ‘‘Of the eight such Directors, not more than five 

2 should be of the same political party.’’. 

3 (b) TRANSITION RULE.—In the case of the first two 

4 individuals serving as Directors of the Overseas Private 

5 Investment Corporation whose terms expire after the date 

6 of the enactment of this Act, the President shall appoint 

7 as a replacement for each such individual an individual 

8 who is a member of a political party other than the polit9 ical party of the individual whose term as a Director ex10 pired. 

11 SEC. 205. ACTIVITIES IN SUB-SAHARAN AFRICA; INVEST12 MENT ADVISORY COUNCIL. 

13 Section 233(e) of the Foreign Assistance Act of 1961 

14 (22 U.S.C. 2193(e)) is amended to read as follows: 

15 ‘‘(e) ACTIVITIES IN SUB-SAHARAN AFRICA; INVEST16 MENT ADVISORY COUNCIL.— 

17 ‘‘(1) IN GENERAL.—The Board should take 

18 prompt measures to prioritize, as appropriate, the 

19 loan, guarantee, and insurance programs, and finan20 cial commitments, of the Corporation in the areas of 

21 power generation, distribution, and off-grid power 

22 and lighting in sub-Saharan Africa, including 

23 through the use of an investment advisory council to 

24 assist the Board in developing and implementing 


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1 policies, programs, and financial instruments with 

2 respect to sub-Saharan Africa. 

3 ‘‘(2) RECOMMENDATIONS.—The investment ad4 visory council described in paragraph (1) should 

5 make recommendations to the Board on how the 

6 Corporation can facilitate greater support by the 

7 United States for private sector investment with and 

8 in the areas of power generation, distribution, and 

9 off-grid power and lighting in sub-Saharan Africa. 

10 ‘‘(3) TERMINATION.—The investment advisory 

11 council described in paragraph (1) shall terminate 

12 on September 30 of the third fiscal year that begins 

13 after the date of the enactment of the Electrify Afri14 ca Act of 2015.’’. 

15 SEC. 206. TEMPORARY AUTHORITY RELATING TO ELIGIBLE 

16 INVESTORS. 

17 (a) IN GENERAL.—Foreign corporations, partner18 ships, and other associations that are majority owned by 

19 one or more United States citizens or corporations, part20 nerships, or other associations described in paragraph (2) 

21 of section 238(c) of the Foreign Assistance Act of 1961 

22 (22 U.S.C. 2198(c)) shall be considered eligible investors 

23 under such section 238(c), during the period beginning on 

24 the date of the enactment of this Act and ending on the 

25 date specified in subsection (c), for the sole purpose of 


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1 receiving assistance from the Overseas Private Investment 

2 Corporation for power projects in sub-Saharan Africa. 

3 (b) CAP ON ASSISTANCE.—Assistance provided by 

4 the Corporation for a power project in sub-Saharan Africa 

5 pursuant to subsection (a) to a foreign corporation, part6 nership, or other association described in that subsection 

7 shall not exceed the lesser of— 

8 (1) the share of ownership in the foreign cor9 poration, partnership, or other association of United 

10 States citizens or corporations, partnerships, or 

11 other associations described in section 238(c)(2) of 

12 the Foreign Assistance Act of 1961; or 

13 (2) the percentage of the investment of the for14 eign corporation, partnership, or other association 

15 described in subsection (a) in the project. 

16 (c) TERMINATION OF TEMPORARY AUTHORITY.— 

17 The authority under subsection (a) shall terminate on 

18 September 30 of the third fiscal year that begins after 

19 the date of the enactment of this Act. 

20 (d) CONTINUED VALIDITY OF EXISTING SUPPORT.— 

21 Any assistance provided before the date specified in sub22 section (c) pursuant to subsection (a) shall remain valid 

23 on and after that date. 


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1 SEC. 207. DIRECT INVESTMENT AND LOCAL CURRENCY 

2 GUARANTIES. 

3 (a) IN GENERAL.—The Overseas Private Investment 

4 Corporation is authorized, during the period beginning on 

5 the date of the enactment of this Act and ending on the 

6 date specified in subsection (c)— 

7 (1) to make loans to eligible investors under 

8 section 234(c) of the Foreign Assistance Act of 1961 

9 (22 U.S.C. 2194(c)) for power projects in sub-Saha10 ran Africa and for which the total support of the 

11 Corporation does not exceed $50,000,000; and 

12 (2) to issue local currency guarantees under 

13 section 234(h) of the Foreign Assistance Act of 

14 1961 (22 U.S.C. 2194(h)) to African subsidiaries of 

15 foreign financial institutions if the issuance of such 

16 guarantees directly facilitates lending for power 

17 projects in sub-Saharan Africa by eligible investors. 

18 (b) ELIGIBLE INVESTOR DEFINED.—In this section, 

19 the term ‘‘eligible investor’’ means an eligible investor as 

20 defined in section 238(c) of the Foreign Assistance Act 

21 of 1961 (22 U.S.C. 2198(c)) or described in section 206. 

22 (c) TERMINATION.—The authority under subsection 

23 (a) shall terminate on September 30 of the third fiscal 

24 year that begins after the date of the enactment of this 

25 Act. 


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1 (d) CONTINUED VALIDITY OF EXISTING LOANS AND

2 GUARANTEES.—Any loans made or local currency guaran3 tees issued pursuant to subsection (a) before the date 

4 specified in subsection (c) shall remain valid on and after 

5 that date. 

6 SEC. 208. INSPECTOR GENERAL. 

7 (a) IN GENERAL.—Section 8G(a) of the Inspector 

8 General Act of 1978 (5 U.S.C. App.) is amended— 

9 (1) in paragraph (2), by inserting ‘‘the Over10 seas Private Investment Corporation,’’ after ‘‘the 

11 National Science Foundation,’’; and 

12 (2) in paragraph (4)— 

13 (A) in subparagraph (G), by striking ‘‘; 

14 and’’ and inserting a semicolon; 

15 (B) in subparagraph (H), by inserting 

16 ‘‘and’’ after the semicolon; and 

17 (C) by adding at the end the following: 

18 ‘‘(I) with respect to the Overseas Private 

19 Investment Corporation, such term means the 

20 Board of Directors of the Overseas Private In21 vestment Corporation (established under section 

22 233(b) of the Foreign Assistance Act of 1961 

23 (22 U.S.C. 2193(b)));’’. 


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1 (b) CONFORMING AMENDMENT.—Section 239 of the 

2 Foreign Assistance Act of 1961 (22 U.S.C. 2199) is 

3 amended by striking subsection (e). 

4 SEC. 209. ASSESSMENT OF AUTHORITIES. 

5 Not later than one year after the date of the enact6 ment of this Act, the Comptroller General of the United 

7 States shall submit to Congress a report on the authorities 

8 of the Overseas Private Investment Corporation to effec9 tively meet its statutory objectives, including as modified 

10 by this Act, that includes an assessment of the following: 

11 (1) The effectiveness of the existing authorities 

12 of the Corporation in promoting investment in en13 ergy and infrastructure projects. 

14 (2) A review of the additional authorities to be 

15 considered that would improve the effectiveness of 

16 investment by the Corporation in energy and infra17 structure projects. 

18 (3) An assessment of the effect potential addi19 tional authorities would have on— 

20 (A) the ability of the Corporation to sup21 port development projects, including infrastruc22 ture and energy projects, that advance the for23 eign policy goals of the United States; 

24 (B) the risk profile of the Corporation; 

25 (C) the budget of the Corporation; 


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1 (D) the success rate of projects, measured 

2 in terms of capacity to meet development goals 

3 and financial targets; 

4 (E) sectors or regions in which equity in5 vestment would be particularly beneficial or 

6 harmful to furthering the mission of the Cor7 poration; and 

8 (F) the capability of the Corporation to 

9 meet its statutory objectives, including as modi10 fied by this Act, including whether granting 

11 such authority would limit the effectiveness of 

12 the Corporation in meeting its goals with re13 spect to stimulating United States private sec14 tor investment in such projects, including in15 vestment by small- and medium-sized enter16 prises. 

17 (4) Analysis of any other financing instruments 

18 that may be better suited to energy or infrastructure 

19 projects. 

20 (5) The competitiveness of financing provided 

21 by the Corporation relative to financing provided by 

22 development finance institutions of other major 

23 economies. 

Æ 


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