HR 7839 — Prioritizing Digital Infrastructure Financing Act

(a) Structure of Corporation There shall be in the Corporation a Board of Directors (in this chapter referred to as the “Board”), a Chief Executive Officer, a Deputy Chief Executive Officer, a Chief Risk Officer, a Chief Development Officer, a Chief Strategic Officer, and such other officers as the Board may determine. (b) Board of Directors (1) Duties All powers of the Corporation shall vest in and be exercised by or under the authority of the Board. The Board— (A) shall perform the functions specified to be carried out by the Board in this chapter; (B) may prescribe, amend, and repeal bylaws, rules, regulations, policies, and procedures governing the manner in which the business of the Corporation may be conducted and in which the powers granted to the Corporation by law may be exercised; and (C) shall develop, in consultation with stakeholders, other interested parties, and the appropriate congressional committees, a publicly available policy with respect to consultations, hearings, and other forms of engagement in order to provide for meaningful public participation in the Board’s activities. (2) Membership of Board (A) In general The Board shall consist of— (i) the Chief Executive Officer of the Corporation; (ii) the officers specified in subparagraph (B); and (iii) four other individuals who shall be appointed by the President, by and with the advice and consent of the Senate, of which— (I) one individual should be appointed from among a list of at least 3 individuals submitted by the majority leader of the Senate after consultation with the chairman of the Committee on Foreign Relations of the Senate; (II) one individual should be appointed from among a list of at least 3 individuals submitted by the minority leader of the Senate after consultation with the ranking member of the Committee on Foreign Relations of the Senate; (III) one individual should be appointed from among a list of at least 3 individuals submitted by the Speaker of the House of Representatives after consultation with the chairman of the Committee on Foreign Affairs of the House of Representatives; and (IV) one individual should be appointed from among a list of at least 3 individuals submitted by the minority leader of the House of Representatives after consultation with the ranking member of the Committee on Foreign Affairs of the House of Representatives. (B) Officers specified (i) In general The officers specified in this subparagraph are the following: (I) The Secretary of State or a designee of the Secretary. (II) The Administrator of the United States Agency for International Development or a designee of the Administrator. (III) The Secretary of the Treasury or a designee of the Secretary. (IV) The Secretary of Commerce or a designee of the Secretary. (ii) Requirements for designees A designee under clause (i) shall be selected from among officers— (I) appointed by the President, by and with the advice and consent of the Senate; (II) whose duties relate to the programs of the Corporation; and (III) who is designated by and serving at the pleasure of the President. (C) Requirements for nongovernment members A member of the Board described in subparagraph (A)(iii)— (i) may not be an officer or employee of the United States Government; (ii) shall have relevant experience, which may include experience relating to the private sector, the environment, labor organizations, or international development, to carry out the purpose of the Corporation; (iii) shall be appointed for a term of 3 years and may be reappointed for one additional term; (iv) shall serve until the member’s successor is appointed and confirmed; (v) shall be compensated at a rate equivalent to that of level IV of the Executive Schedule under section 5315 of title 5 when engaged in the business of the Corporation; and (vi) may be paid per diem in lieu of subsistence at the applicable rate under the Federal Travel Regulation under subtitle F of title 41, Code of Federal Regulations, ...