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H.R. 5105: Better Utilization of Investments Leading to Development Act of 2018

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H.R. 5105: Better Utilization of Investments Leading to Development Act of 2018

115th Congress · introduced 2018-02-27 · International Affairs · Latest: Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2018-02-27 · official record
  2. Who proposed it: Rep. Yoho, Ted S. [R-FL-3] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Better Utilization of Investments Leading to Development Act of 2018

Plain summary

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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Better Utilization of Investments Leading to Development Act of 2018

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Yoho, Ted S. [R-FL-3] · 44 cosponsors

Cost estimate: CBO cost estimate: H.R. 5105, BUILD Act of 2018 (2018-07-10)

Cosponsors on this site

Adam Smith (D-WA), Michael T. McCaul (R-TX), Brad Sherman (D-CA), William R. Keating (D-MA), Ralph Norman (R-SC), Seth Moulton (D-MA), Ted Budd (R-NC), Ami Bera (D-CA), Andy Barr (R-KY), Joe Wilson (R-SC), Brian K. Fitzpatrick (R-PA), Mark Pocan (D-WI), Joaquin Castro (D-TX), Brett Guthrie (R-KY), Rick Larsen (D-WA), Joyce Beatty (D-OH), Don Bacon (R-NE), Ro Khanna (D-CA), Donald Norcross (D-NJ), Gwen Moore (D-WI), James P. McGovern (D-MA), Daniel Webster (R-FL), Steve Scalise (R-LA)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Obligation
A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr5105 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115