Sec. 201. Support for critical materials projects by United States International Development Finance Corporation
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Section 1412 of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9612 ) is amended— in subsection (b)— by striking The purpose and inserting the following: The purpose ; by striking shall be to and inserting the following: “shall be— to ; by striking the United States. and inserting the following: “the United States; and to provide support under title II in high-income economy countries for projects involving development, processing, or recycling of critical materials if such support furthers the national security interests of the United States. ; by striking In carrying out and inserting the following:
In carrying out ; and by adding at the end the following: For the purposes of paragraph (1)(B): The term critical material has the meaning given that term in section 2 of the Global Strategy for Securing Critical Minerals Act of 2024 . The term high-income economy country means a country with a high-income economy, as defined by the International Bank for Reconstruction and Development and the International Development Association (collectively referred to as the World Bank ). ; and in subsection (c), by adding at the end the following:
Notwithstanding the income classification of the country with which the geopolitical entity is associated, the Corporation may provide support under title II to a geopolitical entity that is included, as of the date on which the support is provided, on the list of dependencies and areas of special sovereignty prepared by the Department of State. .
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Sec. 201
Support for critical materials projects by United States International Development Finance Corporation
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