BUILD Act

The BUILD Act, also known as Bill 115 s 822, is a piece of legislation that was introduced in the United States Congress. The purpose of this bill is to promote economic development and job creation in developing countries by providing assistance to private sector investment projects.

The BUILD Act aims to consolidate several existing US government agencies that currently provide development finance assistance into a new agency called the United States International Development Finance Corporation (IDFC). This new agency will have increased authority and resources to support private sector investment in developing countries.

The bill also includes provisions to increase the accountability and transparency of the IDFC, as well as measures to ensure that the agency's activities align with US foreign policy goals. Additionally, the BUILD Act includes safeguards to protect against corruption and human rights abuses in the projects that receive assistance from the IDFC. Overall, the BUILD Act is intended to modernize and streamline US development finance efforts, with the goal of promoting economic growth and stability in developing countries. The bill has received bipartisan support in Congress and is seen as a positive step towards improving US foreign assistance programs.