CONGRESS FOR VOTERS

RepublicanAmendment · S.Amdt. 3832· Senate(119-SAMDT-3832)

S.Amdt. 3832

Rep. Risch
Age: 83 years
Idaho
Introduced
9/9/2025
Sponsored by
James Risch
Cosponsors
Republican - 0Democrat - 1
Changes bill
119-S-2296 — National Defense Authorization Act for Fiscal Year 2026
  1. Introduced
  2. Pending Consideration

What this amendment would do

The DFC Modernization and Reauthorization Act of 2025 (SA 3832) aims to update and extend the authorities of the Development Finance Corporation (DFC). Its primary purpose is to modernize how the Corporation manages investments, increases oversight by Congress, and ensures that U.S. foreign policy and national security interests are prioritized.

The amendment proposes the following changes and additions:

Investment Focus and Restrictions

  • Prioritizes support for less developed countries.
  • Establishes strict rules and certification requirements for providing support to advancing income and high-income countries.
  • Prohibits support for projects in countries of concern, which include:
    • Belarus
    • The Bolivarian Republic of Venezuela
    • The Democratic People's Republic of Korea
    • The Islamic Republic of Iran
    • The People's Republic of China
    • The Russian Federation
    • The Republic of Cuba

Management and Governance

  • Creates a Chief Strategic Investment Officer to handle national security and foreign policy matters.
  • Updates the roles of the Chief Executive Officer, Chief Risk Officer, and Chief Development Officer.
  • Mandates that Board meetings comply with the Government in the Sunshine Act.
  • Requires the Board to hold at least two public hearings annually.

Congressional Oversight and Planning

  • Establishes a Congressional Strategic Advisory Group consisting of leadership from the Senate and House committees on foreign relations/affairs to advise on strategic priorities.
  • Requires the creation of a Biennial Strategic Priorities Plan to guide investments in specific regions and sectors.
  • Increases reporting requirements regarding portfolio health, private capital mobilization, and the "Impact Quotient" of projects.

Financial and Operational Updates

  • Establishes a Corporate Equity Investment Account with $3 billion authorized for fiscal years 2026 through 2030.
  • Increases the maximum contingent liability of the Corporation to $200 billion.
  • Extends the termination date of certain authorities to December 31, 2031.
  • Sets up a Student Internship Program for U.S. citizens.
  • Repeals the European Energy Security and Diversification Act of 2019.