CSIS Critical Questions On The Recently Signed BUILD Act

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CSIS Project on Prosperity and Development
BUILD Act Critical Questions
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** The BUILD Act Has Passed: What's Next?
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** Daniel F. Runde and Romina Bandura
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** October 12, 2018
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On October 5, 2018, the U.S. Senate joined the U.S. House of Representatives in passing the Better Utilization of Investment Leading to Development, (or BUILD Act), a bipartisan bill creating a new U.S. development agency--the U.S. International Development Finance Corporation (USIDFC). This is the most important piece of U.S. soft power legislation in more than a decade. The success of the BUILD Act is something to celebrate. The next step will be to operationalize the new USIDFC, a process that may take up to a year.

CSIS has been at the forefront of the debate on the need to modernize U.S. development finance instruments. We have put forward ideas about improving our tools, financing mechanisms, and approaches since 2011. The new DFI will help developing countries prosper while advancing U.S. foreign policy goals and enhancing U.S. national security interests. Now that the BUILD Act is law, it is time to revisit why the legislation matters and what it implies for agencies such as the Overseas Private Investment Corporation (OPIC) and the United States Agency for International Development (USAID).

For the full text of this edition of the CSIS "Critical Questions" series, click here (https://www.csis.org/analysis/build-act-has-passed-whats-next?utm_source=CSIS+All&utm_campaign=7e16231ae8-EMAIL_CAMPAIGN_2018_10_11_08_42&utm_medium=email&utm_term=0_f326fc46b6-7e16231ae8-145367789) .

For the full text of the BUILD Act, please click here (https://docs.house.gov/billsthisweek/20180924/HR302.pdf?utm_source=CSIS+All&utm_campaign=7e16231ae8-EMAIL_CAMPAIGN_2018_10_11_08_42&utm_medium=email&utm_term=0_f326fc46b6-7e16231ae8-145367789) .

https://www.csis.org/podcasts/building-future-freedom-prosperity-and-foreign-policy-dan-runde?utm_source=CSIS+All&utm_campaign=7e16231ae8-EMAIL_CAMPAIGN_2018_10_11_08_42&utm_medium=email&utm_term=0_f326fc46b6-7e16231ae8-145367789

Click the graphic above to listen to our international development podcast series, featuring PPD Director Daniel F. Runde. If you would like to subscribe to the "Building the Future" podcast on iTunes, click here (https://itunes.apple.com/us/podcast/building-future-freedom-prosperity-foreign-policy-dan/id1163347389?utm_source=CSIS+All&utm_campaign=7e16231ae8-EMAIL_CAMPAIGN_2018_10_11_08_42&utm_medium=email&utm_term=0_f326fc46b6-7e16231ae8-145367789) .


The Center for Strategic and International Studies (CSIS) is a bipartisan, nonprofit organization founded in 1962 and headquartered in Washington, D.C. It seeks to advance global security and prosperity by providing strategic insights and policy solutions to decisionmakers.

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