To amend the Better Utilization of Investments Leading to Development Act of 2018 to facilitate increased e...
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HR 7570 — To amend the Better Utilization of Investments Leading to Development Act of 2018 to facilitate increased equity investments under that Act.
Last action — Referred to the House Committee on Foreign Affairs.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Modifies budget treatment for equity investments made by the U.S. International Development Finance Corporation. Under current law, such equity investments are treated like grants for federal budgetary scoring, which requires the government to provide through appropriations the full amount that may be invested (i.e., dollar-for-dollar funding). The bill instead deems such equity investments a federal credit program. As a result, such investments are scored based on an estimated repayment rate, and appropriation of the full investment amount is not required.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 7570 on the official United States source →Action History
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Referred to the House Committee on Foreign Affairs.
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Introduced in House
Sponsors
- Ted Yoho · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
- Ted Yoho R
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 7570 do?
- Modifies budget treatment for equity investments made by the U.S. International Development Finance Corporation. Under current law, such equity investments are treated like grants for federal budgetary scoring, which requires the government to provide through appropriations the full amount that may be invested (i.e., dollar-for-dollar funding). The bill instead deems such equity investments a federal credit program. As a result, such investments are scored based on an estimated repayment rate, and appropriation of the full investment amount is not required.
- Who sponsors HR 7570?
- HR 7570 is sponsored by Ted Yoho (R).
- What is the current status of HR 7570?
- This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 7570?
- Track HR 7570 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes about 13 hours ago · updated continuously
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