Sec. 205. Sense of Congress on the Blue Dot Initiative
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/bill/117/s/4112/is/section-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the sense of Congress that— the Blue Dot Network helps public and private investors finance infrastructure projects that are inclusive, transparent, sustainable, environmentally and socially responsible, and compliant with international standards, laws, and regulations; the Blue Dot Network helps mitigate threats such as the predatory infrastructure investment practices of the People's Republic of China and critical shortfalls in global infrastructure financing; the Blue Dot Network advances the interests of the United States through setting principal international standards, but also requires sufficient investments in other tools of economic statecraft such as the United States International Development Finance Corporation and the Millennium Challenge Corporation to be effective; the United States International Development Finance Corporation should deepen its cooperation with Japan Bank for International Cooperation and the Department of Foreign Affairs and Trade of Australia to promote the Blue Dot Network and finance certified projects; the Organisation for Economic Co-operation and Development must continue to update and refine its methodologies and metrics for infrastructure project certification based on guidelines such as the Group of Twenty
(G20)Principles for Quality Infrastructure Investment; the Blue Dot Network must complement other principled development finance initiatives such as the Infrastructure Technology and Assistance Network and the Transaction Advisory Fund of the Infrastructure Transaction and Assistance Network; future development finance initiatives should build on the foundations of the initiatives described in paragraph (6); and the governments of other countries committed to good governance, international law, and infrastructure investment should work with the Blue Dot Network to certify infrastructure projects and attract public and private sector investments.