The House Foreign Affairs Committee released its proposal for the future of the U.S. International Development Finance Corporation on Thursday, less than a month before the agency’s authorization is set to expire.
The DFC Modernization Act of 2025, introduced by the committee, is almost word-for-word the suggested text that the Trump administration sent to Congress earlier this year. It does differ, however, from a Senate proposal introduced last month.
The House bill includes provisions to expand DFC, increasing its total lending cap to $250 billion from $60 billion and allowing it to invest in more countries. If the bill passes, DFC would be able to invest in high-income countries for the first time, if the president certifies to Congress that the investments support U.S. economic or foreign policy interests. It could also open up more investment in upper-middle-income countries, where special approvals have been required.
About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
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