Kuster Statement on House Passage of BUILD Act of 2018
Concord, N.H., July 17, 2018
(Concord, NH) – Congresswoman Annie Kuster (NH-02) released the following statement on the passage of H.R. 5105, the Better Utilization of Investments Leading to Development (BUILD) Act of 2018, which Kuster co-sponsored:
“This legislation is a long overdue investment in the economic prosperity, competitiveness and security of developing countries and the United States alike,” said Kuster. “We live in an interconnected world, and making sure American entrepreneurs and business owners have the ability to work with developing countries to create jobs, expand opportunity, and improve living conditions is a win-win for our national economy, the American people, and the global marketplace as a whole. I’m pleased members of both parties came together to pass this commonsense bill, and I will continue working to ensure all Americans have the chance to succeed and get ahead.”
The BUILD Act of 2018 is a bipartisan bill that consolidates the tools of several agencies to establish the U.S. International Development Finance Corporation (IDFC) to promote economic development and advance the U.S. national interest in developing countries. The newly formed agency would utilize the U.S. private sector’s expertise and investment capital to stimulate economic growth in the developing world and provide real benefits for American companies selling their goods and services there. The agency would do this in a self-sustaining manner, operating at no cost to the American taxpayer.