United States International Development Corporation Chief Development Officer Act
Sponsored By: Representative Rep. Castro, Joaquin [D-TX-20]
Introduced
Summary
Chief Development Officer (CDO) — this bill would create a Chief Development Officer at the U.S. International Development Finance Corporation and move some approval triggers from the Board to the Chief Executive Officer. It would expand the agency’s focus to "international development and development finance" and formalize a role that centers cross-agency coordination and development impact.
Show full summary
- DFC leadership: The CDO would advise the CEO and Deputy CEO and participate as an ex officio member of the Development Finance Advisory Council. The change shifts certain decision triggers away from a Board-centric approval model toward the CEO.
- Interagency coordination: The CDO would work with federal departments and agencies, directly liaise with U.S. country teams overseas, and help ensure partners have training and awareness to use the Corporation’s development tools.
- Project and portfolio work: The CDO would manage staff who structure, monitor, and evaluate transactions and projects codesigned with other agencies and coordinate funds or resources with those partners upon their concurrence. The role would implement the Corporation’s development impact strategy and carry out activities under specified BUILD Act sections, including section 1445.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New development officer and CEO authority
If enacted, the bill would create a Chief Development Officer (CDO) at the U.S. International Development Corporation. The CDO would advise the CEO and Deputy CEO on international development and development finance policy. The CDO would represent the Corporation in interagency meetings and sit ex officio on the Development Finance Advisory Council. The CDO would manage staff who structure, monitor, and evaluate projects codesigned with other federal agencies and U.S. country teams. The CDO would help train agencies and country teams to use the Corporation's development tools. The CDO could coordinate transfers of funds or other resources with those agencies only if the agencies concur. The bill would also replace several references to the Board with the Chief Executive Officer and remove a Board approval trigger. All changes would take effect upon enactment.
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Sponsors & CoSponsors
Sponsor
Rep. Castro, Joaquin [D-TX-20]
TX • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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