This chapter, referred to in subsecs. (a), (b)(1)(A), and (c)(1)(A), was in the original “this division”, meaning division F of Pub. L. 115–254,
The Federal Advisory Committee Act, referred to in subsec. (j)(6), is Pub. L. 92–463,
Section is comprised of section 1413 of Pub. L. 115–254. Par. (4) of subsec. (d) of section 1413 of Pub. L. 115–254 amended section 5313 of Title 5, Government Organization and Employees.
2025—Subsec. (a). Pub. L. 119–60, § 8721, inserted “a Chief Strategic Officer,” after “Chief Development Officer,”.
Subsec. (b)(2)(A)(iii). Pub. L. 119–60, § 8722(1)(A), substituted “3 individuals” for “5 individuals” wherever appearing.
Subsec. (b)(6). Pub. L. 119–60, § 8722(1)(B), added par. (6).
Subsec. (c). Pub. L. 119–60, § 8722(2), added subsec. (c) and struck out former subsec. (c). Prior to amendment, text read as follows: “The Board shall hold at least 2 public hearings each year in order to afford an opportunity for any person to present views with respect to whether—
“(1) the Corporation is carrying out its activities in accordance with this chapter; and
“(2) any support provided by the Corporation under subchapter II of this chapter in any country should be suspended, expanded, or extended.”
Subsec. (d)(3). Pub. L. 119–60, § 8723, amended subsec. (d)(3) generally. Prior to amendment, text read as follows: “The Chief Executive Officer shall report to and be under the direct authority of the Board.”
Subsec. (f)(1). Pub. L. 119–60, § 8724(1), substituted “who shall be removable only by a majority vote of the Board.” for “who—” and struck out former subpars. (A) and (B) which read as follows:
“(A) shall report directly to the Board; and
“(B) shall be removable only by a majority vote of the Board.”
Subsec. (f)(2). Pub. L. 119–60, § 8724(2), added par. (2) and struck out former par. (2). Prior to amendment, text read as follows: “The Chief Risk Officer shall, in coordination with the audit committee of the Board established under section 9651 of this title, develop, implement, and manage a comprehensive process for identifying, assessing, monitoring, and limiting risks to the Corporation, including the overall portfolio diversification of the Corporation.”
Subsec. (g)(1). Pub. L. 119–60, § 8725(1)(A), substituted “The” for “Subject to the approval of the Board, the” and “in international development and development finance” for “in development” in introductory provisions.
Subsec. (g)(1)(A). Pub. L. 119–60, § 8725(1)(B), substituted “the Chief Executive Officer” for “the Board”.
Subsec. (g)(2). Pub. L. 119–60, § 8725(2)(A), inserted “and responsibilities” after “Duties” in heading.
Subsec. (g)(2)(A) to (D). Pub. L. 119–60, § 8725(2)(B), (C), added subpars. (A) to (D), redesignated former subpar. (A) as (E), and struck out former subpars. (B) to (D) which read as follows:
“(B) under the guidance of the Chief Executive Officer, manage employees of the Corporation that are dedicated to structuring, monitoring, and evaluating transactions and projects co-designed with the United States Agency for International Development and other relevant United States Government departments and agencies;
“(C) authorize and coordinate transfers of funds or other resources to and from such agencies, departments, or missions upon the concurrence of those institutions in support of the Corporation’s projects or activities;
“(D) manage the responsibilities of the Corporation under paragraphs (1) and (4) of section 9652(b) of this title and paragraphs (1)(A) and (3)(A) of section 9653(b) of this title;”.
Subsec. (g)(2)(E). Pub. L. 119–60, § 8725(2)(D), substituted “support—” for “coordinate” and “Federal departments and agencies, including by directly liaising with the relevant members of United States country teams serving overseas, to ensure that such Federal departments, agencies, and country teams have the training and awareness necessary to fully leverage the Corporation’s development tools overseas;” for “United States Government departments and agencies, including directly liaising with missions of the United States Agency for International Development, to ensure that departments, agencies, and missions have training, awareness, and access to the Corporation’s tools in relation to development policy and projects in countries;”, inserted cl. (i) designation and “coordination of” before “the Corporation’s”, and added cls. (ii) to (iv).
Pub. L. 119–60, § 8725(2)(B), (C), redesignated subpar. (A) as (E) and struck out former subpar. (E) which read as follows: “coordinate and implement the activities of the Corporation under section 9655 of this title; and”.
Subsec. (g)(2)(F), (G). Pub. L. 119–60, § 8725(2)(C), (E), added subpars. (F) and (G) and struck out former subpar. (F) which read as follows: “be an ex officio member of the Development Advisory Council established under subsection (i) and participate in or send a representative to each meeting of the Council.”
Subsec. (h). Pub. L. 119–60, § 8726, added subsec. (h). Former subsec. (h) redesignated (i).
Subsec. (i). Pub. L. 119–60, § 8726, redesignated subsec. (h) as (i). Former subsec. (i) redesignated (j).
Subsec. (i)(1). Pub. L. 119–60, § 8727(1), added par. (1) and struck out former par. (1). Prior to amendment, text read as follows: “Except as otherwise provided in this section, officers, employees, and agents shall be selected and appointed by the Corporation, and shall be vested with such powers and duties as the Corporation may determine.”
Subsec. (i)(2)(A). Pub. L. 119–60, § 8727(2)(A), substituted “100” for “50” and “title 5, and such positions—” for “title 5,”, and added cls. (i) and (ii).
Subsec. (i)(2)(D). Pub. L. 119–60, § 8727(2)(B), inserted “, provided that no such officer or employee may be compensated at a rate exceeding level II of the Executive Schedule” after “respectively”.
Subsec. (i)(3)(C). Pub. L. 119–60, § 8727(3), substituted “subsection (j)” for “subsection (i)”.
Subsec. (j). Pub. L. 119–60, § 8726(1), redesignated subsec. (i) as (j).
Subsec. (j)(1), (2). Pub. L. 119–60, § 8728(1), added pars. (1) and (2) and struck out former pars. (1) and (2). Prior to amendment, pars. (1) and (2) established Development Finance Advisory Council and related to appointment of members of the Council, respectively.
Subsec. (j)(4) to (6). Pub. L. 119–60, § 8728(2), (3), added pars. (4) and (5) and redesignated former par. (4) as (6).
Subsec. (k). Pub. L. 119–60, § 8729, added subsec. (k).
Subsec. (l). Pub. L. 119–60, § 8730(a), added subsec. (l).
Subsec. (m). Pub. L. 119–60, § 8731, added subsec. (n).
Subsec. (n). Pub. L. 119–60, § 8732, added subsec. (n).