Sec. 114. Infrastructure Transaction and Assistance Network
243 words·~1 min read·
/bill/117/s/1169/rs/section-114·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary of State is authorized to establish a program, to be known as the Infrastructure Transaction and Assistance Network , under which the Secretary of State, in consultation with other relevant Federal agencies, including those represented on the Global Infrastructure Coordinating Committee, may advance the development of sustainable, transparent, and high-quality infrastructure, in the Indo-Pacific region by— strengthening capacity-building programs to improve project evaluation processes, regulatory and procurement environments, and project preparation capacity of countries that are partners of the United States in such development; providing transaction advisory services and project preparation assistance to support sustainable infrastructure; and coordinating the provision of United States assistance for the development of infrastructure, including infrastructure that utilizes United States-manufactured goods and services, and catalyzing investment led by the private sector.
As part of the Infrastructure Transaction and Assistance Network described under subsection (a), the Secretary of State is authorized to provide support, including through flexible financing mechanisms such as the Transaction Advisory Fund, for advisory services to help boost the capacity of partner countries to evaluate contracts and assess the financial and environmental impacts of potential infrastructure projects, including through providing services such as— legal services; pre-feasibility studies; debt sustainability analyses; bid or proposal evaluation; and other services relevant to advancing the development of sustainable, transparent, and high-quality infrastructure.
There is authorized to be appropriated $75,000,000 to the Infrastructure Transaction and Assistance Network, of which $20,000,000 is to be provided for the Transaction Advisory Fund.