DFC Modernization Act of 2025

This bill renews and changes the law that created the U.S. International Development Finance Corporation (DFC), a federal agency that lends to, invests in, and insures private projects in other countries. It extends the agency's authority to December 31, 2031, raises its total financial exposure limit from $60 billion to $250 billion, and raises the share of its support that can be equity from 30 to 49. It creates a Treasury account where earnings from equity investments are kept and reused without new appropriations. It bars support for projects involving the governments or state-owned companies of China, Russia, Iran, North Korea, Cuba, Venezuela, and Belarus, and restricts support in high-income countries unless the President certifies it serves U.S. interests. It also changes board makeup, removes the Chief Development Officer position and references to USAID, and raises the dollar amount that triggers notice to Congress from $10 million to $100 million.

Full text and official record on Congress.gov

Sponsors

• Brian J. Mast Republican sponsor
• 0 cosponsors