Wendy Sherman: “The third amendment that I thank the sponsors for agreeing to requires an annual report from the new DFC on its…”

“The third amendment that I thank the sponsors for agreeing to requires an annual report from the new DFC on its compliance with its own human rights, labor, environmental, and social policies. OPIC maintains robust environmental and social policies. This bill carries those policies forward so the new DFC will follow them and will now make an annual report so that Congress can see whether these policies are actually being implemented. The fourth such amendment states that, as to the four public nongovernmental members of the DFC board, that we take into account their experience in international environmental, developmental, and labor organizations. There are a number of other factors that go into selecting the public members of the board, but certainly experience in the environment and labor ought to be taken into consideration. The BUILD Act updates U.S. development finance and, I think, will complement our foreign assistance efforts. With this bill, we can keep the U.S. as a global leader in promoting economic prosperity around the world while, at the same time, encouraging American jobs. I support this measure and hope my colleagues will join me in doing so. Once again, this bill had a unanimous, bipartisan voice vote in our committee. Mr. Speaker, I reserve the balance of my time.”