United States International Development Corporation Chief Development Officer Act

This bill, titled the United States International Development Corporation Chief Development Officer Act, significantly strengthens the role and responsibilities of the Chief Development Officer (CDO) within the U.S. International Development Finance Corporation (DFC). It amends the BUILD Act of 2018 to elevate the CDO's position, removing the requirement for Board approval and making the CDO directly accountable to the Chief Executive Officer. The legislation redefines the CDO's expertise to encompass both international development and development finance , underscoring a heightened focus on the DFC's core development mandate. The expanded duties of the CDO include advising the CEO on international development policy and representing the DFC in crucial interagency meetings related to development. The CDO will also serve as an ex officio member of the Development Finance Advisory Council and collaborate with other federal agencies to identify projects that advance U.S. international development interests and explore opportunities for scaling evidence-based innovations. Furthermore, the bill tasks the CDO with supporting the coordination of federal departments and agencies, managing employees dedicated to development-focused transactions, and ensuring the implementation of the DFC's development impact strategy across its portfolio and individual projects. These changes aim to integrate U.S. international development policy more deeply into the DFC's operations, aligning its efforts with broader foreign policy and national security goals.