HR 5105 115th Congress House International Affairs Business investment and capital Congressional oversight Economic development Executive agency funding and structure Financial services and investments Foreign aid and international relief Government corporations and government-sponsored enterprises Government information and archives Government lending and loan guarantees Overseas Private Investment Corporation (OPIC) Performance measurement Public-private cooperation Securities Trade agreements and negotiations U.S. Agency for International Development (USAID) U.S. and foreign investments

BUILD Act of 2018

Introduced: February 27, 2018 See on congress.gov

Everywhere this bill has been 14 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 18, 2018

Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.

Jul 17, 2018

Motion to reconsider laid on the table Agreed to without objection.

Jul 17, 2018

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6320-6330)

Jul 17, 2018

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6320-6330)

Jul 17, 2018

DEBATE - The House proceeded with forty minutes of debate on H.R. 5105.

Jul 17, 2018

Considered under suspension of the rules. (consideration: CR H6320-6333)

Jul 17, 2018

Mr. Royce (CA) moved to suspend the rules and pass the bill, as amended.

Jul 11, 2018

Placed on the Union Calendar, Calendar No. 631.

Jul 11, 2018

Reported (Amended) by the Committee on Foreign Affairs. H. Rept. 115-814.

May 9, 2018

Committee Agreed to Seek Consideration Under Suspension of the Rules, by Unanimous Consent.

May 9, 2018

Ordered to be Reported (Amended) by Voice Vote.

May 9, 2018

Committee Consideration and Mark-up Session Held.

Feb 27, 2018

Referred to the House Committee on Foreign Affairs.

Feb 27, 2018

Introduced in House

Plain-English summary Congressional Research Service

Better Utilization of Investments Leading to Development Act of 2018 or the BUILD Act of 2018

This bill establishes the United States International Development Finance Corporation to facilitate the participation of private sector capital and skills in the economic development of countries with low- or lower-middle-income economies and countries transitioning from nonmarket to market economies in order to complement U.S. assistance and foreign policy objectives.

The corporation may: (1) make loans or loan guarantees, (2) as a minority investor acquire equity or financial interests in entities, (3) provide insurance or reinsurance to private sector entities and qualifying sovereign entities, (4) provide technical assistance, (5) administer special projects, (6) establish enterprise funds, (7) issue obligations, and (8) charge service fees.

The corporation shall terminate after seven years.

The corporation shall not provide assistance to: (1) a country whose government has repeatedly supported acts of international terrorism, or (2) a private sector entity that is engaged in monopolistic practices.

The bill prescribes transitional provisions, including transferring to the corporation the functions, personnel, assets, and liabilities of the Overseas Private Investment Corporation (which is subsequently terminated) and specified elements of the U.S. Agency for International Development.

What's happening now July 18, 2018

Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.

Committees of jurisdiction 1