{ "id": "R45180", "type": "CRS Report", "typeId": "REPORTS", "number": "R45180", "active": true, "source": "EveryCRSReport.com", "versions": [ { "source": "EveryCRSReport.com", "id": 584346, "date": "2018-07-25", "retrieved": "2018-08-29T15:12:16.454227", "title": "OPIC, USAID, and Proposed Development Finance Reorganization", "summary": "Members of Congress and Administrations have periodically considered reorganizing the federal government\u2019s trade and development functions to advance various policy objectives. In its 2019 budget request, the Trump Administration included a proposal to consolidate the Overseas Private Investment Corporation (OPIC) and other agency development finance functions, specifically noting the Development Credit Authority (DCA) of the U.S. Agency for International Development (USAID), into a new U.S. development finance agency. The policy objectives that the new agency would aim to support include enhancing the efficiency and effectiveness of government functions and advancing U.S. national security interests. The Administration also proposed the creation of a new Development Finance Institution as part of a comprehensive government-wide reform and reorganization plan released in June 2018.\nIn February 2018, two proposed versions of the Better Utilization of Investments Leading to Development (BUILD) Act, H.R. 5105 in the House and S. 2463 in the Senate, were introduced on a bipartisan, bicameral basis to create a new U.S. International Development Finance Corporation (IDFC). The companion bills would consolidate all of OPIC\u2019s functions and the DCA, enterprise funds, and development finance technical support functions of USAID. While there were some significant discrepancies between the two bills, as introduced, including the period of authorization, amendments made in both chambers have bridged some differences. Stakeholders differ in their views of particular aspects of the proposal and certain issues remain open questions.\nCongress would play a major role in any reorganization of federal development finance functions. The proposal to create a new U.S. government agency involves legislative, oversight, and appropriations functions. Key questions for Congress may include the following: \nWhat are the rationales for and against modifying and expanding OPIC\u2019s functions?\nShould development finance functions be reorganized or should alternative approaches be considered?\nIf reorganization is pursued, how should a new development finance institution (DFI) be structured? \nHow should a proposed new DFI be funded? \nWhat implications would a proposed new DFI have for USAID and U.S. development objectives?\nHow can adequate coordination be ensured between the new DFI and other U.S. government agencies involved in development?\nWhat are the competitiveness and other strategic implications of the proposed DFI?", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R45180", "sha1": "4a199db6981d4fcec77f751673719b4a5f397655", "filename": "files/20180725_R45180_4a199db6981d4fcec77f751673719b4a5f397655.html", "images": { "/products/Getimages/?directory=R/html/R45180_files&id=/3.png": "files/20180725_R45180_images_1b6c955ea4ffc2437a8e9fabbf12e7c3bc6e4f89.png", "/products/Getimages/?directory=R/html/R45180_files&id=/2.png": "files/20180725_R45180_images_186fb78fee4d8efb90f1c9d80685a98ed7e31686.png", "/products/Getimages/?directory=R/html/R45180_files&id=/0.png": "files/20180725_R45180_images_7828e46724c4c4ed4e39ffbf7c78b6489bec9c54.png", "/products/Getimages/?directory=R/html/R45180_files&id=/1.png": "files/20180725_R45180_images_ab1f58151c1f66a8242b71148bab6ce44cdc33a6.png", "/products/Getimages/?directory=R/html/R45180_files&id=/7.png": "files/20180725_R45180_images_a2c6aa38e968b4e3cb0900716a9fd561ec540b74.png", "/products/Getimages/?directory=R/html/R45180_files&id=/6.png": "files/20180725_R45180_images_87029f70377db903893c85f9f9535e891a1c9694.png", "/products/Getimages/?directory=R/html/R45180_files&id=/5.png": "files/20180725_R45180_images_bb36535afb387771e3b489cafcc0c767fbcbe8e4.png", "/products/Getimages/?directory=R/html/R45180_files&id=/4.png": "files/20180725_R45180_images_3a2b80d35a88a753a09077376178af4f8f407414.png" } }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R45180", "sha1": "14d7498754857c796ec2d67cee0aa581c4e4ede1", "filename": "files/20180725_R45180_14d7498754857c796ec2d67cee0aa581c4e4ede1.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4757, "name": "Foreign Assistance" }, { "source": "IBCList", "id": 4763, "name": "Export Policy" } ] }, { "source": "EveryCRSReport.com", "id": 580861, "date": "2018-04-27", "retrieved": "2018-05-10T10:17:57.804183", "title": "OPIC, USAID, and Proposed Development Finance Reorganization", "summary": "Members of Congress and Administrations have periodically considered reorganizing the federal government\u2019s trade and development functions to advance various policy objectives. In its 2019 budget request, the Trump Administration included a proposal to consolidate the Overseas Private Investment Corporation (OPIC) and other agency development finance functions, specifically noting the Development Credit Authority (DCA) of the U.S. Agency for International Development (USAID), into a new U.S. development finance agency. The policy objectives that the new agency would aim to support include enhancing the efficiency and effectiveness of government functions and advancing U.S. national security interests. \nIn February 2018, two proposed versions of the Better Utilization of Investments Leading to Development (BUILD) Act, H.R. 5105 in the House and S. 2463 in the Senate, were introduced on a bipartisan, bicameral basis to create a new U.S. International Development Finance Corporation (IDFC). The nearly identical bills would consolidate all of OPIC\u2019s functions and the DCA, enterprise funds, and development finance technical support functions of USAID. Stakeholders differ in their views of particular aspects of the proposal and certain issues remain open questions.\nCongress would play a major role in any reorganization of federal development finance functions. The proposal to create a new U.S. government agency involves legislative, oversight, and appropriations functions. Key questions for Congress may include the following: \nWhat are the rationales for and against modifying and expanding OPIC\u2019s functions?\nShould development finance functions be reorganized or should alternative approaches be considered?\nIf reorganization is pursued, how should a new development finance institution (DFI) be structured? \nHow should a proposed new DFI be funded? \nWhat implications would a proposed new DFI have for USAID and U.S. development objectives?\nHow can adequate coordination be ensured between the new DFI and other U.S. government agencies involved in development?\nWhat are the competitiveness and other strategic implications of the proposed DFI?", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R45180", "sha1": "de3540934ecefe7091d97f68f05efb93d9ee6d50", "filename": "files/20180427_R45180_de3540934ecefe7091d97f68f05efb93d9ee6d50.html", "images": { "/products/Getimages/?directory=R/html/R45180_files&id=/3.png": "files/20180427_R45180_images_1b6c955ea4ffc2437a8e9fabbf12e7c3bc6e4f89.png", "/products/Getimages/?directory=R/html/R45180_files&id=/2.png": "files/20180427_R45180_images_186fb78fee4d8efb90f1c9d80685a98ed7e31686.png", "/products/Getimages/?directory=R/html/R45180_files&id=/0.png": "files/20180427_R45180_images_699183d84f164e1eac9cdb235e28ab398adfb68d.png", "/products/Getimages/?directory=R/html/R45180_files&id=/1.png": "files/20180427_R45180_images_ab1f58151c1f66a8242b71148bab6ce44cdc33a6.png", "/products/Getimages/?directory=R/html/R45180_files&id=/7.png": "files/20180427_R45180_images_a2c6aa38e968b4e3cb0900716a9fd561ec540b74.png", "/products/Getimages/?directory=R/html/R45180_files&id=/6.png": "files/20180427_R45180_images_87029f70377db903893c85f9f9535e891a1c9694.png", "/products/Getimages/?directory=R/html/R45180_files&id=/5.png": "files/20180427_R45180_images_bb36535afb387771e3b489cafcc0c767fbcbe8e4.png", "/products/Getimages/?directory=R/html/R45180_files&id=/4.png": "files/20180427_R45180_images_3a2b80d35a88a753a09077376178af4f8f407414.png" } }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R45180", "sha1": "477787623a8633b24631d3a8e9868c9a0e749d08", "filename": "files/20180427_R45180_477787623a8633b24631d3a8e9868c9a0e749d08.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4757, "name": "Foreign Assistance" }, { "source": "IBCList", "id": 4763, "name": "Export Policy" } ] } ], "topics": [ "Appropriations", "Foreign Affairs", "Industry and Trade" ] }