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Code · BILL · 115th Congress · S. 2463 (Reported in Senate) — To establish the United States International Development Finance Corporation, and for other purposes. · Sec. 1

Sec. 1. Short title; table of contents

263 words·~1 min read·/bill/115/s/2463/rs/section-1

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This Act may be cited as the or the Better Utilization of Investments Leading to Development Act of 2018 . BUILD Act of 2018 The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Definitions. TITLE I—Establishment Sec. 101. Statement of policy. Sec. 102. United States International Development Finance Corporation. Sec. 103. Management of Corporation. Sec. 104. Inspector General of the Corporation. TITLE II—Authorities Sec. 201. Authorities relating to provision of support.
Sec. 202. Terms and conditions. Sec. 203. Payment of losses. Sec. 204. Termination. TITLE III—Administrative and general provisions Sec. 301. Operations. Sec. 302. Corporate powers. Sec. 303. Maximum contingent liability. Sec. 304. Corporate funds. Sec. 305. Coordination with Millennium Challenge Corporation on constraints analysis. TITLE IV—Monitoring, evaluation, and reporting Sec. 401. Establishment of risk and audit committees. Sec. 402. Performance measures. Sec. 403. Annual report.
Sec. 404. Publicly available project information. Sec. 405. Audits and financial statements of the Corporation. Sec. 406. Engagement with investors. TITLE V—Conditions, restrictions, and prohibitions Sec. 501. Limitations and preferences. Sec. 502. Additionality and avoidance of market distortion. Sec. 503. Prohibition on support in sanctioned countries and with sanctioned persons. Sec. 504. Penalties for misrepresentation, fraud, and bribery. Sec. 505. Market displacement by state-owned enterprises and monopolies.
TITLE VI—Transitional provisions Sec. 601. Definitions. Sec. 602. Reorganization plan. Sec. 603. Transfer of functions. Sec. 604. Termination of Overseas Private Investment Corporation and other superceded authorities. Sec. 605. Transitional authorities. Sec. 606. Savings provisions. Sec. 607. Other terminations. Sec. 608. Incidental transfers. Sec. 609. Reference. Sec. 610. Conforming amendments.
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