Legis Daily

BUILD Act of 2018

USA115th CongressHR-5105| House 
| Updated: 7/18/2018
Ted S. Yoho

Ted S. Yoho

Republican Representative

Florida

Cosponsors (44)
Donald Norcross (Democratic)John Katko (Republican)Mark Meadows (Republican)Brett Guthrie (Republican)Mark Pocan (Democratic)Karen Bass (Democratic)Joyce Beatty (Democratic)David N. Cicilline (Democratic)Derek Kilmer (Democratic)Edward R. Royce (Republican)Thomas A. Garrett (Republican)Billy Long (Republican)Ro Khanna (Democratic)Steve Scalise (Republican)Don Bacon (Republican)Andy Barr (Republican)Joaquin Castro (Democratic)Joe Wilson (Republican)Jim Cooper (Democratic)Ted Poe (Republican)David G. Reichert (Republican)Ami Bera (Democratic)Daniel Webster (Republican)Brad Sherman (Democratic)Denny Heck (Democratic)Mike Gallagher (Republican)Michael T. McCaul (Republican)James P. McGovern (Democratic)Adam Smith (Democratic)Ron Kind (Democratic)William R. Keating (Democratic)Rick Larsen (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Bob Goodlatte (Republican)Seth Moulton (Democratic)Susan W. Brooks (Republican)Mike Coffman (Republican)Ralph Norman (Republican)Gwen Moore (Democratic)Cathy McMorris Rodgers (Republican)Ted Budd (Republican)Barbara Comstock (Republican)Francis Rooney (Republican)

Foreign Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Better Utilization of Investments Leading to Development Act of 2018 or the BUILD Act of 2018 This bill establishes the United States International Development Finance Corporation to facilitate the participation of private sector capital and skills in the economic development of countries with low- or lower-middle-income economies and countries transitioning from nonmarket to market economies in order to complement U.S. assistance and foreign policy objectives. The corporation may: (1) make loans or loan guarantees, (2) as a minority investor acquire equity or financial interests in entities, (3) provide insurance or reinsurance to private sector entities and qualifying sovereign entities, (4) provide technical assistance, (5) administer special projects, (6) establish enterprise funds, (7) issue obligations, and (8) charge service fees. The corporation shall terminate after seven years. The corporation shall not provide assistance to: (1) a country whose government has repeatedly supported acts of international terrorism, or (2) a private sector entity that is engaged in monopolistic practices. The bill prescribes transitional provisions, including transferring to the corporation the functions, personnel, assets, and liabilities of the Overseas Private Investment Corporation (which is subsequently terminated) and specified elements of the U.S. Agency for International Development.

Bill Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 27, 2018
Introduced in House
Feb 27, 2018
Referred to the House Committee on Foreign Affairs.
May 9, 2018
Committee Agreed to Seek Consideration Under Suspension of the Rules, by Unanimous Consent.
May 9, 2018
Ordered to be Reported (Amended) by Voice Vote.
May 9, 2018
Committee Consideration and Mark-up Session Held.
Jun 27, 2018

Latest Companion Bill Action

S 115-2463
Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute. Without written report.
Jul 11, 2018
Placed on the Union Calendar, Calendar No. 631.
Jul 11, 2018
Reported (Amended) by the Committee on Foreign Affairs. H. Rept. 115-814.
Jul 17, 2018
Mr. Royce (CA) moved to suspend the rules and pass the bill, as amended.
Jul 17, 2018
Considered under suspension of the rules. (consideration: CR H6320-6333)
Jul 17, 2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 5105.
Jul 17, 2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6320-6330)
Jul 17, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6320-6330)
Jul 17, 2018
Motion to reconsider laid on the table Agreed to without objection.
Jul 18, 2018
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.
  • February 27, 2018
    Introduced in House


  • February 27, 2018
    Referred to the House Committee on Foreign Affairs.


  • May 9, 2018
    Committee Agreed to Seek Consideration Under Suspension of the Rules, by Unanimous Consent.


  • May 9, 2018
    Ordered to be Reported (Amended) by Voice Vote.


  • May 9, 2018
    Committee Consideration and Mark-up Session Held.


  • June 27, 2018

    Latest Companion Bill Action

    S 115-2463
    Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute. Without written report.


  • July 11, 2018
    Placed on the Union Calendar, Calendar No. 631.


  • July 11, 2018
    Reported (Amended) by the Committee on Foreign Affairs. H. Rept. 115-814.


  • July 17, 2018
    Mr. Royce (CA) moved to suspend the rules and pass the bill, as amended.


  • July 17, 2018
    Considered under suspension of the rules. (consideration: CR H6320-6333)


  • July 17, 2018
    DEBATE - The House proceeded with forty minutes of debate on H.R. 5105.


  • July 17, 2018
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6320-6330)


  • July 17, 2018
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6320-6330)


  • July 17, 2018
    Motion to reconsider laid on the table Agreed to without objection.


  • July 18, 2018
    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.

International Affairs

Related Bills

  • S 115-2463: BUILD Act of 2018
  • HR 115-302: FAA Reauthorization Act of 2018
Business investment and capitalCongressional oversightEconomic developmentExecutive agency funding and structureFinancial services and investmentsForeign aid and international reliefGovernment corporations and government-sponsored enterprisesGovernment information and archivesGovernment lending and loan guaranteesOverseas Private Investment Corporation (OPIC)Performance measurementPublic-private cooperationSecuritiesTrade agreements and negotiationsU.S. Agency for International Development (USAID)U.S. and foreign investments

BUILD Act of 2018

USA115th CongressHR-5105| House 
| Updated: 7/18/2018
Better Utilization of Investments Leading to Development Act of 2018 or the BUILD Act of 2018 This bill establishes the United States International Development Finance Corporation to facilitate the participation of private sector capital and skills in the economic development of countries with low- or lower-middle-income economies and countries transitioning from nonmarket to market economies in order to complement U.S. assistance and foreign policy objectives. The corporation may: (1) make loans or loan guarantees, (2) as a minority investor acquire equity or financial interests in entities, (3) provide insurance or reinsurance to private sector entities and qualifying sovereign entities, (4) provide technical assistance, (5) administer special projects, (6) establish enterprise funds, (7) issue obligations, and (8) charge service fees. The corporation shall terminate after seven years. The corporation shall not provide assistance to: (1) a country whose government has repeatedly supported acts of international terrorism, or (2) a private sector entity that is engaged in monopolistic practices. The bill prescribes transitional provisions, including transferring to the corporation the functions, personnel, assets, and liabilities of the Overseas Private Investment Corporation (which is subsequently terminated) and specified elements of the U.S. Agency for International Development.

Bill Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 27, 2018
Introduced in House
Feb 27, 2018
Referred to the House Committee on Foreign Affairs.
May 9, 2018
Committee Agreed to Seek Consideration Under Suspension of the Rules, by Unanimous Consent.
May 9, 2018
Ordered to be Reported (Amended) by Voice Vote.
May 9, 2018
Committee Consideration and Mark-up Session Held.
Jun 27, 2018

Latest Companion Bill Action

S 115-2463
Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute. Without written report.
Jul 11, 2018
Placed on the Union Calendar, Calendar No. 631.
Jul 11, 2018
Reported (Amended) by the Committee on Foreign Affairs. H. Rept. 115-814.
Jul 17, 2018
Mr. Royce (CA) moved to suspend the rules and pass the bill, as amended.
Jul 17, 2018
Considered under suspension of the rules. (consideration: CR H6320-6333)
Jul 17, 2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 5105.
Jul 17, 2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6320-6330)
Jul 17, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6320-6330)
Jul 17, 2018
Motion to reconsider laid on the table Agreed to without objection.
Jul 18, 2018
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.
  • February 27, 2018
    Introduced in House


  • February 27, 2018
    Referred to the House Committee on Foreign Affairs.


  • May 9, 2018
    Committee Agreed to Seek Consideration Under Suspension of the Rules, by Unanimous Consent.


  • May 9, 2018
    Ordered to be Reported (Amended) by Voice Vote.


  • May 9, 2018
    Committee Consideration and Mark-up Session Held.


  • June 27, 2018

    Latest Companion Bill Action

    S 115-2463
    Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute. Without written report.


  • July 11, 2018
    Placed on the Union Calendar, Calendar No. 631.


  • July 11, 2018
    Reported (Amended) by the Committee on Foreign Affairs. H. Rept. 115-814.


  • July 17, 2018
    Mr. Royce (CA) moved to suspend the rules and pass the bill, as amended.


  • July 17, 2018
    Considered under suspension of the rules. (consideration: CR H6320-6333)


  • July 17, 2018
    DEBATE - The House proceeded with forty minutes of debate on H.R. 5105.


  • July 17, 2018
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6320-6330)


  • July 17, 2018
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6320-6330)


  • July 17, 2018
    Motion to reconsider laid on the table Agreed to without objection.


  • July 18, 2018
    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.
Ted S. Yoho

Ted S. Yoho

Republican Representative

Florida

Cosponsors (44)
Donald Norcross (Democratic)John Katko (Republican)Mark Meadows (Republican)Brett Guthrie (Republican)Mark Pocan (Democratic)Karen Bass (Democratic)Joyce Beatty (Democratic)David N. Cicilline (Democratic)Derek Kilmer (Democratic)Edward R. Royce (Republican)Thomas A. Garrett (Republican)Billy Long (Republican)Ro Khanna (Democratic)Steve Scalise (Republican)Don Bacon (Republican)Andy Barr (Republican)Joaquin Castro (Democratic)Joe Wilson (Republican)Jim Cooper (Democratic)Ted Poe (Republican)David G. Reichert (Republican)Ami Bera (Democratic)Daniel Webster (Republican)Brad Sherman (Democratic)Denny Heck (Democratic)Mike Gallagher (Republican)Michael T. McCaul (Republican)James P. McGovern (Democratic)Adam Smith (Democratic)Ron Kind (Democratic)William R. Keating (Democratic)Rick Larsen (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Bob Goodlatte (Republican)Seth Moulton (Democratic)Susan W. Brooks (Republican)Mike Coffman (Republican)Ralph Norman (Republican)Gwen Moore (Democratic)Cathy McMorris Rodgers (Republican)Ted Budd (Republican)Barbara Comstock (Republican)Francis Rooney (Republican)

Foreign Affairs Committee

International Affairs

Related Bills

  • S 115-2463: BUILD Act of 2018
  • HR 115-302: FAA Reauthorization Act of 2018
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalCongressional oversightEconomic developmentExecutive agency funding and structureFinancial services and investmentsForeign aid and international reliefGovernment corporations and government-sponsored enterprisesGovernment information and archivesGovernment lending and loan guaranteesOverseas Private Investment Corporation (OPIC)Performance measurementPublic-private cooperationSecuritiesTrade agreements and negotiationsU.S. Agency for International Development (USAID)U.S. and foreign investments