agrees not to take actions to prevent employees of the 
foreign enterprise from lawfully exercising their right 
of association and their right to organize and bargain 
collectively. The investor further agrees to observe ap-
plicable laws relating to a minimum age for employ-
ment of children, acceptable conditions of work with 
respect to minimum wages, hours of work, and occu-
pational health and safety, and not to use forced 
labor or the worst forms of child labor (as defined in 
section 507 of the Trade Act of 1974 (19 U.S.C. 
2467(6))). The investor is not responsible under this 
paragraph for the actions of a foreign government.’’. 
(e) ENVIRONMENTAL AND SOCIAL IMPACT.—The Board 
shall not vote in favor of any project proposed to be sup-
ported by the Corporation under title II that is likely to 
have significant adverse environmental or social impacts 
that are sensitive, diverse, or unprecedented, unless— 
(1) at least 60 days before the date of the vote, 
an environmental and social impact assessment or 
initial environmental and social audit, analyzing the 
environmental and social impacts of the proposed 
project and of alternatives to the proposed project, is 
completed; and 
(2) such assessment or audit has been made 
available to the public of the United States, locally af-
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fected groups in the country in which the project will 
be carried out, and nongovernmental organizations in 
that country. 
(f) WOMEN’S ECONOMIC EMPOWERMENT.—In utilizing 
its authorities under title II, the Corporation should con-
sider the impacts of its support on women’s economic op-
portunities and outcomes and make efforts to mitigate gen-
der gaps and maximize development impact by working to 
improve women’s economic opportunities. 
(g) PREFERENCE
FOR PROVISION
OF SUPPORT
IN 
COUNTRIES EMBRACING PRIVATE ENTERPRISE.— 
(1) IN GENERAL.—The Corporation should give 
preferential consideration to projects for which sup-
port under title II may potentially be provided in 
countries the governments of which are making con-
tinual progress toward economic policies that promote 
the development of private enterprise, both domestic 
and foreign, and maintaining the conditions that en-
able private enterprise to make its full contribution to 
the development of such countries, including— 
(A) market-based economies; 
(B) protecting private property rights; 
(C) respect for the rule of law; and 
(D) systems to combat corruption and brib-
ery. 
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(2) SOURCES OF INFORMATION.—The Corpora-
tion should rely on both third-party indicators and 
United States Government information, such as the 
Department of State’s Investment Climate State-
ments, the Department of Commerce’s Country Com-
mercial Guides, or the Millennium Challenge Cor-
poration’s Constraints Analysis, to assess whether 
countries meet the conditions described in paragraph 
(1). 
(h) CONSIDERATION OF FOREIGN BOYCOTT PARTICI-
PATION.—In providing support under for projects under 
title II, the Corporation shall consider, using information 
readily available, whether the project is sponsored by or 
substantially affiliated with any person taking or know-
ingly agreeing to take actions, or having taken or know-
ingly agreed to take actions within the past three years, 
which demonstrate or otherwise evidence intent to comply 
with, further, or support any boycott fostered or imposed 
by any foreign country, or request to impose any boycott 
by any foreign country, against a country which is friendly 
to the United States and which is not itself the object of 
any form of boycott pursuant to United States law or regu-
lation. 
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SEC. 502. ADDITIONALITY AND AVOIDANCE OF MARKET DIS-
TORTION. 
(a) IN GENERAL.—Before the Corporation provides 
support for a project under title II, the Corporation shall 
ensure that private sector entities are afforded an oppor-
tunity to support the project. 
(b) SAFEGUARDS, POLICIES, AND GUIDELINES.—The 
Corporation shall develop appropriate safeguards, policies, 
and guidelines to ensure that support provided by the Cor-
poration under title II— 
(1) supplements and encourages, but does not 
compete with, private sector support; 
(2) operates according to internationally recog-
nized best practices and standards with respect to en-
suring the avoidance of market distorting government 
subsidies and the crowding out of private sector lend-
ing; and 
(3) does not have a significant adverse impact 
on United States employment. 
SEC. 503. PROHIBITION ON SUPPORT IN SANCTIONED 
COUNTRIES AND WITH SANCTIONED PER-
SONS. 
(a) IN GENERAL.—The Corporation is prohibited from 
providing support under title II in a country the govern-
ment of which the Secretary of State has determined has 
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repeatedly provided support for acts of international ter-
rorism for purposes of— 
(1) section 6(j)(1)(A) of the Export Administra-
tion Act of 1979 (50 U.S.C. 4605(j)(1)(A)) (as contin-
ued in effect pursuant to the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.)); 
(2) section 620A(a) of the Foreign Assistance Act 
of 1961 (22 U.S.C. 2371(a)); 
(3) section 40(d) of the Arms Export Control Act 
(22 U.S.C. 2780(d)); or 
(4) any other provision of law. 
(b) PROHIBITION ON SUPPORT OF SANCTIONED PER-
SONS.—The Corporation is prohibited from supporting a 
project under title II that directly benefits any entity sub-
ject to sanctions imposed by the United States. 
(c) PROHIBITION ON SUPPORT OF ACTIVITIES SUB-
JECT TO SANCTIONS.—The Corporation shall require any 
entity or party receiving support under title II to certify 
it, any entity owned or controlled by the entity or party, 
or any entity or party which owns or otherwise manages 
the entity or party receiving support, does not conduct any 
activities subject to sanctions imposed by the United States. 
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SEC. 504. PENALTIES FOR MISREPRESENTATION, FRAUD, 
AND BRIBERY. 
Subsections (g), (l), and (n) of section 237 of the For-
eign Assistance Act of 1961 (22 U.S.C. 2197) shall apply 
with respect to the Corporation to the same extent and in 
the same manner as such subsections applied with respect 
to the Overseas Private Investment Corporation on the day 
before the date of the enactment of this Act. 
TITLE VI—TRANSITIONAL 
PROVISIONS 
SEC. 601. DEFINITIONS. 
In this title: 
(1) AGENCY.—The term ‘‘agency’’ includes any 
entity, organizational unit, program, or function. 
(2) TRANSITION PERIOD.—The term ‘‘transition 
period’’ means the period— 
(A) beginning on the date of the enactment 
of this Act; and 
(B) ending on the effective date of the reor-
ganization plan required by section 602(e). 
SEC. 602. REORGANIZATION PLAN. 
(a) SUBMISSION OF PLAN.— 
(1) IN GENERAL.—Not later than 120 days after 
the date of the enactment of this Act, the President 
shall transmit to the appropriate congressional com-
mittees a reorganization plan regarding the following: 
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(A) The transfer of agencies, personnel, as-
sets, and obligations to the Corporation pursuant 
to this title. 
(B) Any consolidation, reorganization, or 
streamlining of agencies transferred to the Cor-
poration pursuant to this title. 
(C) Any efficiencies or cost savings achieved 
as a result of the transfer of agencies, personnel, 
assets, and obligations to the Corporation pursu-
ant to this title, including reductions in unneces-
sary or duplicative operations, assets, and per-
sonnel. 
(2) CONSULTATION.—Not later than 15 days be-
fore the date on which the plan is transmitted pursu-
ant to this subsection, the President shall consult with 
the appropriate congressional committees on such 
plan. 
(b) PLAN ELEMENTS.—The plan transmitted under 
subsection (a) shall contain, consistent with this Act, such 
elements as the President deems appropriate, including the 
following: 
(1) Identification of any functions of agencies 
transferred to the Corporation pursuant to this title 
that will not be transferred to the Corporation under 
the plan. 
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(2) Specification of the steps to be taken to orga-
nize the Corporation, including the delegation or as-
signment of functions transferred to the Corporation 
among officers of the Corporation in order to permit 
the Corporation to carry out the functions transferred 
under the plan. 
(3) Specification of the funds available to each 
agency that will be transferred to the Corporation as 
a result of transfers under the plan. 
(4) Specification of the proposed allocations 
within the Corporation of unexpended funds trans-
ferred in connection with transfers under the plan. 
(5) Specification of any proposed disposition of 
property, facilities, contracts, records, and other assets 
and obligations of agencies transferred under the 
plan. 
(c) REPORT ON COORDINATION.— 
(1) IN GENERAL.—The transfer of functions au-
thorized by this section may occur only after the 
President and Chief Executive Officer of the Overseas 
Private Investment Corporation and the Adminis-
trator of the United States Agency for International 
Development jointly submit to the Committee on For-
eign Affairs and Committee on Appropriations of the 
House of Representatives and Committee on Foreign 
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Relations and Committee on Appropriations of the 
Senate a report in writing that contains the informa-
tion required by paragraph (2). 
(2) INFORMATION REQUIRED.—The information 
required by this paragraph includes a description in 
detail of the procedures to be followed after the trans-
fer of functions authorized by this section have oc-
curred to coordinate between the Corporation and the 
United States Agency for International Development 
in carrying out the functions so transferred. 
(d) MODIFICATION OF PLAN.—The President may, on 
the basis of consultations with the appropriate congres-
sional committees, modify or revise any part of the plan 
until that part of the plan becomes effective in accordance 
with subsection (e). 
(e) EFFECTIVE DATE.— 
(1) IN GENERAL.—The reorganization plan de-
scribed in this section, including any modifications or 
revisions of the plan under subsection (c), shall be-
come effective for an agency on the date specified in 
the plan (or the plan as modified pursuant to sub-
section (d)), except that such date may not be earlier 
than 90 days after the date the President has trans-
mitted the reorganization plan to the appropriate 
congressional committees pursuant to subsection (a). 
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(2) STATUTORY CONSTRUCTION.—Nothing in this 
subsection may be construed to require the transfer of 
functions, personnel, records, balances of appropria-
tions, or other assets of an agency on a single date. 
SEC. 603. TRANSFER OF FUNCTIONS. 
(a) IN GENERAL.—Effective at the end of the transi-
tion period, there shall be transferred to the Corporation 
the functions, personnel, assets, and liabilities of— 
(1) the Overseas Private Investment Corporation, 
as in existence on the day before the date of the enact-
ment of this Act; and 
(2) the following elements of the United States 
Agency for International Development: 
(A) The Development Credit Authority. 
(B) The existing Legacy Credit portfolio 
under the Urban Environment Program and any 
other direct loan programs and non-Development 
Credit Authority guaranty programs authorized 
by the Foreign Assistance Act of 1961 (22 U.S.C. 
2151 et seq.) or other predecessor Acts, as in ex-
istence on the date of the enactment of this Act, 
other than any sovereign loan guaranties. 
(b) ADDITIONAL TRANSFER AUTHORITY.—Effective at 
the end of the transition period, there is authorized to be 
transferred to the Corporation the functions, personnel, as-
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sets, and liabilities of the following elements of the United 
States Agency for International Development: 
(1) The Office of Private Capital and Microen-
terprise. 
(2) The enterprise funds. 
(c) SOVEREIGN LOAN GUARANTY TRANSFER.— 
(1) IN GENERAL.—Effective at the end of the 
transition period, there is authorized to be transferred 
to the Corporation or any other appropriate depart-
ment or agency of the United States Government the 
loan accounts and the legal rights and responsibilities 
for the sovereign loan guaranty portfolio held by the 
United States Agency for International Development 
as in existence on the day before the date of the enact-
ment of this Act. 
(2) INCLUSION IN REORGANIZATION PLAN.—The 
President shall include in the reorganization plan 
submitted under section 602 a description of the 
transfer authorized under paragraph (1). 
(d) BILATERAL AGREEMENTS.—Any bilateral agree-
ment of the United States in effect on the date of the enact-
ment of this Act that serves as the basis for programs of 
the Overseas Private Investment Corporation and the Devel-
opment Credit Authority shall be considered as satisfying 
the requirements of section 301(a). 
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(e) TRANSITION.—During the transition period, the 
agencies specified in subsection (a) shall— 
(1) continue to administer the assets and obliga-
tions of those agencies; and 
(2) carry out such programs and activities au-
thorized under this Act as may be determined by the 
President. 
SEC. 604. TERMINATION OF OVERSEAS PRIVATE INVEST-
MENT 
CORPORATION 
AND 
OTHER 
SUPERCEDED AUTHORITIES. 
Effective at the end of the transition period— 
(1) the Overseas Private Investment Corporation 
is terminated; and 
(2) title IV of chapter 2 of part I of the Foreign 
Assistance Act of 1961 (22 U.S.C. 2191 et seq.) (other 
tan subsections (g), (l), and (n) of section 237 of that 
Act) is repealed. 
SEC. 605. TRANSITIONAL AUTHORITIES. 
(a) PROVISION OF ASSISTANCE BY OFFICIALS.—Until 
the transfer of an agency to the Corporation under section 
603, any official having authority over or functions relating 
to the agency immediately before the date of the enactment 
of this Act shall provide to the Corporation such assistance, 
including the use of personnel and assets, as the Corpora-
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tion may request in preparing for the transfer and integra-
tion of the agency into the Corporation. 
(b) SERVICES AND PERSONNEL.—During the transi-
tion period, upon the request of the Corporation, the head 
of any executive agency may, on a reimbursable or non- 
reimbursable basis, provide services or detail personnel to 
assist with the transition. 
(c) ACTING OFFICIALS.— 
(1) IN GENERAL.—During the transition period, 
pending the advice and consent of the Senate to the 
appointment of an officer required by this Act to be 
appointed by and with such advice and consent, the 
President may designate any officer whose appoint-
ment was required to be made by and with such ad-
vice and consent and who was such an officer imme-
diately before the date of the enactment of this Act 
(and who continues in office) or immediately before 
such designation, to act in such office until the same 
is filled as provided in this Act. While so acting, such 
officers shall receive compensation at the higher of— 
(A) the rates provided by this Act for the re-
spective offices in which they act; or 
(B) the rates provided for the offices held at 
the time of designation. 
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(2) RULE OF CONSTRUCTION.—Nothing in this 
Act shall be construed to require the advice and con-
sent of the Senate to the appointment by the Presi-
dent to a position in the Corporation of any officer 
whose agency is transferred to the Corporation pursu-
ant to this title and whose duties following such 
transfer are germane to those performed before such 
transfer. 
(d) TRANSFER OF PERSONNEL, ASSETS, OBLIGATIONS, 
AND FUNCTIONS.—Upon the transfer of an agency to the 
Corporation under section 603— 
(1) the personnel, assets, and obligations held by 
or available in connection with the agency shall be 
transferred to the Corporation for appropriate alloca-
tion, subject to the approval of the Director of the Of-
fice of Management and Budget and in accordance 
with section 1531(a)(2) of title 31, United States 
Code; and 
(2) the Corporation shall have all functions— 
(A) relating to the agency that any other of-
ficial could by law exercise in relation to the 
agency immediately before such transfer; and 
(B) vested in the Corporation by this Act or 
other law. 
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SEC. 606. SAVINGS PROVISIONS. 
(a) COMPLETED ADMINISTRATIVE ACTIONS.— 
(1) IN GENERAL.—Completed administrative ac-
tions of an agency shall not be affected by the enact-
ment of this Act or the transfer of such agency to the 
Corporation under section 603, but shall continue in 
effect according to their terms until amended, modi-
fied, superseded, terminated, set aside, or revoked in 
accordance with law by an officer of the United 
States or a court of competent jurisdiction, or by op-
eration of law. 
(2) COMPLETED
ADMINISTRATIVE
ACTION
DE-
FINED.—In this subsection, the term ‘‘completed ad-
ministrative action’’ includes orders, determinations, 
rules, regulations, personnel actions, permits, agree-
ments, grants, contracts, certificates, policies, licenses, 
registrations, and privileges. 
(b) PENDING PROCEEDINGS.— 
(1) IN GENERAL.—Pending proceedings in an 
agency, including notices of proposed rulemaking, 
and applications for licenses, permits, certificates, 
grants, and financial assistance, shall continue not-
withstanding the enactment of this Act or the transfer 
of the agency to the Corporation, unless discontinued 
or modified under the same terms and conditions and 
to the same extent that such discontinuance could 
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have occurred if such enactment or transfer had not 
occurred. 
(2) ORDERS.—Orders issued in proceedings de-
scribed in paragraph (1), and appeals therefrom, and 
payments made pursuant to such orders, shall issue 
in the same manner and on the same terms as if this 
Act had not been enacted or the agency had not been 
transferred, and any such orders shall continue in ef-
fect until amended, modified, superseded, terminated, 
set aside, or revoked by an officer of the United States 
or a court of competent jurisdiction, or by operation 
of law. 
(c) PENDING CIVIL ACTIONS.—Pending civil actions 
shall continue notwithstanding the enactment of this Act 
or the transfer of an agency to the Corporation, and in such 
civil actions, proceedings shall be had, appeals taken, and 
judgments rendered and enforced in the same manner and 
with the same effect as if such enactment or transfer had 
not occurred. 
(d) REFERENCES.—References relating to an agency 
that is transferred to the Corporation under section 603 in 
statutes, Executive orders, rules, regulations, directives, or 
delegations of authority that precede such transfer or the 
date of the enactment of this Act shall be deemed to refer, 
as appropriate, to the Corporation, to its officers, employ-
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ees, or agents, or to its corresponding organizational units 
or functions. Statutory reporting requirements that applied 
in relation to such an agency immediately before the effec-
tive date of this Act shall continue to apply following such 
transfer if they refer to the agency by name. 
(e) EMPLOYMENT PROVISIONS.— 
(1) REGULATIONS.—The Corporation may, in 
regulations prescribed jointly with the Director of the 
Office of Personnel Management, adopt the rules, pro-
cedures, terms, and conditions, established by statute, 
rule, or regulation before the date of the enactment of 
this Act, relating to employment in any agency trans-
ferred to the Corporation under section 603. 
(2) EFFECT OF TRANSFER ON CONDITIONS OF 
EMPLOYMENT.—Except as otherwise provided in this 
Act, or under authority granted by this Act, the 
transfer pursuant to this title of personnel shall not 
alter the terms and conditions of employment, includ-
ing compensation, of any employee so transferred. 
(f) STATUTORY REPORTING REQUIREMENTS.—Any 
statutory reporting requirement that applied to an agency 
transferred to the Corporation under this title immediately 
before the date of the enactment of this Act shall continue 
to apply following that transfer if the statutory requirement 
refers to the agency by name. 
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SEC. 607. OTHER TERMINATIONS. 
Except as otherwise provided in this Act, whenever all 
the functions vested by law in any agency have been trans-
ferred pursuant to this title, each position and office the 
incumbent of which was authorized to receive compensation 
at the rates prescribed for an office or position at level II, 
III, IV, or V of the Executive Schedule under subchapter 
II of chapter 53 of title 5, United States Code, shall termi-
nate. 
SEC. 608. INCIDENTAL TRANSFERS. 
The Director of the Office of Management and Budget, 
in consultation with the Corporation, is authorized and di-
rected to make such additional incidental dispositions of 
personnel, assets, and liabilities held, used, arising from, 
available, or to be made available, in connection with the 
functions transferred by this title, as the Director may de-
termine necessary to accomplish the purposes of this Act. 
SEC. 609. REFERENCE. 
With respect to any function transferred under this 
title (including under a reorganization plan under section 
602) and exercised on or after the date of the enactment 
of this Act, reference in any other Federal law to any de-
partment, commission, or agency or any officer or office 
the functions of which are so transferred shall be deemed 
to refer to the Corporation or official or component of the 
Corporation to which that function is so transferred. 
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SEC. 610. CONFORMING AMENDMENTS. 
(a) EXEMPT PROGRAMS.—Section 255(g)(2) of the 
Balanced Budget and Emergency Deficit Control Act of 
1985 (2 U.S.C. 905(g)(2)) is amended by striking ‘‘Overseas 
Private Investment Corporation, Noncredit Account (71– 
4184–0–3–151).’’ and inserting ‘‘United States Inter-
national Development Finance Corporation.’’. 
(b) EXECUTIVE SCHEDULE.—Title 5, United States 
Code, is amended— 
(1) in section 5314, by striking ‘‘President, Over-
seas Private Investment Corporation.’’; 
(2) in section 5315, by striking ‘‘Executive Vice 
President, Overseas Private Investment Corporation.’’; 
and 
(3) in section 5316, by striking ‘‘Vice Presidents, 
Overseas Private Investment Corporation (3).’’. 
(c) OFFICE OF INTERNATIONAL TRADE OF THE SMALL 
BUSINESS ADMINISTRATION.—Section 22 of the Small 
Business Act (15 U.S.C. 649) is amended— 
(1) in subsection (b), in the matter preceding 
paragraph (1), by striking ‘‘the President of the Over-
seas Private Investment Corporation, Director’’ and 
inserting ‘‘the Board of Directors of the United States 
International Development Finance Corporation, the 
Director’’; and 
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(2) by striking ‘‘Overseas Private Investment 
Corporation’’ each place it appears and inserting 
‘‘United States International Development Finance 
Corporation’’. 
(d) UNITED STATES
AND FOREIGN COMMERCIAL 
SERVICE.—Section 2301 of the Export Enhancement Act 
of 1988 (15 U.S.C. 4721) is amended by striking ‘‘Overseas 
Private Investment Corporation’’ each place it appears and 
inserting ‘‘United States International Development Fi-
nance Corporation’’. 
(e) TRADE PROMOTION COORDINATING COMMITTEE.— 
Section 2312(d)(1)(K) of the Export Enhancement Act of 
1988 (15 U.S.C. 4727(d)(1)(K)) is amended by striking 
‘‘Overseas Private Investment Corporation’’ and inserting 
‘‘United States International Development Finance Cor-
poration’’. 
(f) INTERAGENCY
TRADE
DATA
ADVISORY
COM-
MITTEE.—Section 5402(b) of the Omnibus Trade and Com-
petitiveness Act of 1988 (15 U.S.C. 4902(b)) is amended 
by striking ‘‘the President of the Overseas Private Invest-
ment Corporation’’ and inserting ‘‘the Chief Executive Offi-
cer of the United States International Development Finance 
Corporation’’. 
(g) MISUSE OF NAMES OF FEDERAL AGENCIES.—Sec-
tion 709 of title 18, United States Code, is amended by 
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striking ‘‘ ‘Overseas Private Investment’, ‘Overseas Private 
Investment Corporation’, or ‘OPIC’,’’ and inserting 
‘‘ ‘United States International Development Finance Cor-
poration’ or ‘DFC’ ’’. 
(h) ENGAGEMENT
ON CURRENCY EXCHANGE RATE 
AND ECONOMIC POLICIES.—Section 701(c)(1)(A) of the 
Trade Facilitation and Trade Enforcement Act of 2015 (19 
U.S.C. 4421(c)(1)(A)) is amended by striking ‘‘Overseas 
Private Investment Corporation’’ and inserting ‘‘United 
States International Development Finance Corporation’’. 
(i) INTERNSHIPS
WITH
INSTITUTE
FOR
INTER-
NATIONAL PUBLIC POLICY.—Section 625(a) of the Higher 
Education Act of 1965 (20 U.S.C. 1131c(a)) is amended 
by striking ‘‘Overseas Private Investment Corporation’’ and 
inserting ‘‘United States International Development Fi-
nance Corporation’’. 
(j) FOREIGN ASSISTANCE ACT OF 1961.—The Foreign 
Assistance Act of 1961 (22 U.S.C. 2151 et seq.) is amend-
ed— 
(1) 
in 
section 
499B(b)(2) 
(22 
U.S.C. 
2296b(b)(2)), by striking ‘‘Overseas Private Invest-
ment Corporation’’ and inserting ‘‘United States 
International Development Finance Corporation’’; 
and 
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(2) 
in 
section 
481(e)(4)(A) 
(22 
U.S.C. 
2291(e)(4)(A)), in the matter preceding clause (i), by 
striking ‘‘(including programs under title IV of chap-
ter 2, relating to the Overseas Private Investment 
Corporation)’’ and inserting ‘‘(and any support 
under title II of the Better Utilization of Investments 
Leading to Development Act of 2018, relating to the 
United States International Development Finance 
Corporation)’’. 
(k) ELECTRIFY AFRICA ACT OF 2015.—Sections 5 and 
7 of the Electrify Africa Act of 2015 (Public Law 114–121; 
22 U.S.C. 2293 note) are amended by striking ‘‘Overseas 
Private Investment Corporation’’ each place it appears and 
inserting ‘‘United States International Development Fi-
nance Corporation’’. 
(l) FOREIGN AID TRANSPARENCY
AND ACCOUNT-
ABILITY ACT OF 2016.—Section 2(3) of the Foreign Aid 
Transparency and Accountability Act of 2016 (Public Law 
114–191; 22 U.S.C. 2394c note) is amended— 
(1) in subparagraph (A), by striking ‘‘except 
for’’ and all that follows through ‘‘chapter 3’’ and in-
serting ‘‘except for chapter 3’’; 
(2) in subparagraph (C), by striking ‘‘and’’ at 
the end; 
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(3) in subparagraph (D), by striking the period 
at the end and insert ‘‘; and’’; and 
(4) by adding at the end the following: 
‘‘(E) the Better Utilization of Investments 
Leading to Development Act of 2018.’’. 
(m) SUPPORT
FOR EAST EUROPEAN DEMOCRACY 
(SEED) PROGRAM.—The Support for East European De-
mocracy (SEED) Act of 1989 (22 U.S.C. 5401 et seq.) is 
amended— 
(1) in section 2(c) (22 U.S.C. 5401(c)), by strik-
ing paragraph (12) and inserting the following: 
‘‘(12) UNITED STATES INTERNATIONAL DEVELOP-
MENT
FINANCE
CORPORATION.—Programs of the 
United States International Development Finance 
Corporation.’’; and 
(2) in section 201(e) (22 U.S.C. 5421(e)), by 
striking ‘‘Agency for International Development’’ and 
inserting ‘‘United States International Development 
Finance Corporation’’. 
(n) CUBAN LIBERTY AND DEMOCRATIC SOLIDARITY 
(LIBERTAD) ACT OF 1996.—Section 202(b)(2)(B)(iv) of 
the 
Cuban 
Liberty 
and 
Democratic 
Solidarity 
(LIBERTAD) Act of 1996 (22 U.S.C. 6062(b)(2)(B)(iv)) is 
amended by striking ‘‘Overseas Private Investment Cor-
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poration’’ and inserting ‘‘United States International De-
velopment Finance Corporation’’. 
(o) INTERNATIONAL RELIGIOUS FREEDOM ACT
OF 
1998.—Section 405(a)(10) of the International Religious 
Freedom Act of 1998 (22 U.S.C. 6445(a)(10)) is amended 
by striking ‘‘Overseas Private Investment Corporation’’ and 
inserting ‘‘United States International Development Fi-
nance Corporation’’. 
(p) TRAFFICKING
VICTIMS
PROTECTION
ACT
OF 
2000.—Section 103(8)(A) of the Trafficking Victims Protec-
tion Act of 2000 (22 U.S.C. 7102(8)(A)) is amended by 
amending clause (viii) to read as follows: 
‘‘(viii) any support under title II of 
the Better Utilization of Investments Lead-
ing to Development Act of 2018 relating to 
the United States International Develop-
ment Finance Corporation; and’’. 
(q) TECHNOLOGY DEPLOYMENT IN DEVELOPING COUN-
TRIES.—Section 732(b) of the Global Environmental Pro-
tection Assistance Act of 1989 (22 U.S.C. 7902(b)) is 
amended by striking ‘‘Overseas Private Investment Cor-
poration’’ and inserting ‘‘United States International De-
velopment Finance Corporation’’. 
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tion 403 of the Better Utilization of Investments 
Leading to Development Act of 2018’’; and 
(2) 
in 
section 
916(a)(2)(I) 
(42 
U.S.C. 
17336(a)(2)(I)), by striking ‘‘Overseas Private Invest-
ment Corporation:’’ and inserting ‘‘United States 
International Development Finance Corporation;’’. 
(w) EFFECTIVE DATE.—The amendments made by 
this section shall take effect at the end of the transition pe-
riod. 
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Union Calendar No. 631 
115TH CONGRESS 
2D SESSION 
H. R. 5105 
[Report No. 115–814] 
A BILL 
To establish the United States International Devel-
opment Finance Corporation, and for other pur-
poses. 
JULY 11, 2018 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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