Sec. 166. Global Strategic Infrastructure Investment Fund
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There is established in the Treasury of the United States a fund to be known as the Global Strategic Infrastructure Fund (in this section referred to as the Fund ) for the Secretary of State to provide for assistance, including through contributions for strategic infrastructure projects globally as authorized under this section. In addition to amounts otherwise available for such purposes, there is appropriated to the Fund established in subsection (a)(1), out of amounts in the Treasury not otherwise appropriated— for fiscal year 2025, $400,000,000, to remain available until expended; for fiscal year 2026, $400,000,000, to remain available until expended; for fiscal year 2027, $400,000,000, to remain available until expended; for fiscal year 2028, $400,000,000, to remain available until expended; and for fiscal year 2029, $400,000,000, to remain available until expended.
Amounts in the Fund shall be transferred and merged with accounts within the Department of State, the United States Agency for International Development, the Export-Import Bank of the United States, the United States International Development Finance Corporation, the Millennium Challenge Corporation, and the United States Trade and Development Agency, as appropriate, to be used for such purposes. The Secretary of State shall consult with the Administrator of the United States Agency for International Development on the allocations of the Fund.
Amounts transferred from the Fund to the Export-Import Bank and the United States International Development Finance Corporation, among other purposes, may be made available for the costs of direct loans and loan guarantees, including the cost of modifying such loans and loan guarantees, as defined in section 502 of the Congressional Budget Act of 1974 ( 2 U.S.C. 661a ). In evaluating proposals for strategic infrastructure projects funded pursuant to subsection (a), the Secretary of State shall prioritize— projects that have the highest strategic value to the United States; and projects related to— strategic transport infrastructure, including ports, airports, railroads, and highways; energy infrastructure, technology, and supply chains, critical minerals, and related areas that align with the officially conveyed energy needs of partner countries and with the objective of maximizing such countries’ energy access, energy security, energy transition, and resilience needs; secure information and communications technology networks and infrastructure to strengthen the potential for economic growth and to promote an open, interoperable, reliable, and secure internet; and global health security, including through infrastructure projects that increase the availability, accessibility, and affordability of health care in partner countries.
In evaluating proposals for strategic infrastructure projects funded pursuant to subsection (a), the Secretary of State shall adhere to standards for sustainable, transparent, and quality infrastructure investment and ensure projects include opportunities to advance economic growth priorities in the partner country and support good governance and the rule of law. Support provided under the Fund shall not be provided in countries with high-income economies (as those terms are defined by the World Bank) unless the President certifies to the appropriate congressional committees that such support— is necessary to preempt or counter efforts by a strategic competitor of the United States to secure significant political or economic leverage or acquire national security-sensitive technologies or infrastructure in a country that is an ally or partner of the United States; and includes cost-sharing arrangements with partner countries to ensure effective burden-sharing and long-term sustainability.
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Sec. 166
Global Strategic Infrastructure Investment Fund
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