The U.S. International Development Finance Corporation (DFC) has been one of the crown jewels of America’s foreign policy toolkit since it was first established with broad bipartisan support during the first Trump Administration.

Created to serve as a crucial counterweight to China’s exploitative Belt and Road Initiative, it has done just that by helping American businesses better compete and succeed overseas, driving job creation, and growing the economy here at home while supporting development outcomes in emerging markets.

Now, with the DFC’s original authorization set to expire next month, this is a critical moment for Congress and the Trump Administration to come together to enhance and strengthen the DFC for the American people. The DFC must have the tools it needs to succeed and win – including greater equity investment capabilities and increasing the portfolio size to compete with our rivals – while ensuring the development mandate remains central to the DFC’s mission as Congress intended in the original BUILD Act.

USGLC is grateful for the bipartisan leadership in Congress, including by Senate Foreign Relations Committee Chair Jim Risch (R-ID) and Ranking Member Jeanne Shaheen (D-NH), to reauthorize the DFC. Our coalition looks forward to working closely with policymakers in this effort to enhance DFC’s essential role in making America safer, stronger, and more prosperous, while generating lasting development impact.