Sec. 403. Annual report
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Not later than October 1 of each year, the Corporation shall submit to the appropriate congressional committees a complete and detailed report of the operations of the Corporation during the preceding fiscal year, including an assessment of— the impacts of projects on the policies described in section 102(c); the extent to which the operations of the Corporation complement or are compatible with the domestic economic development programs of the Federal Government; the institutional linkages of the Corporation with other relevant Federal agencies and efforts to strengthen those linkages; and the compliance of projects with Federal law and policies that govern the support of the Corporation for projects promulgated or otherwise administered by the Corporation.
Each report required under subsection
(a)shall include analyses of the effects of projects, including— reviews and analyses of— the desired outcomes for projects and whether or not the Corporation is meeting the associated metrics, goals, and development objectives, including, to the extent practicable, during the years after conclusion of projects; the effect of the support of the Corporation on access to capital; ways in which the Corporation addresses identifiable market gaps or inefficiencies; and what impact, if any, the support described in subparagraph
(B)has on access to credit for a specific project or sector; projections of— outcomes of projects and whether support for those projects are meeting performance measures associated with those projects— during the start-up phase of those projects; and throughout the duration of the those projects; and the value of private sector assets brought to bear relative to the amount of support provided by the Corporation and the value of any other public sector support; and an assessment of the extent to which the Corporation has applied lessons learned from monitoring and evaluating activities of the Corporation and annual reports from previous years compiled by the Corporation to projects.