Search the record
clear ✕
77 results
Hearing Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnerships
house Foreign Affairs Committee · Jul 15, 2026 · Transcript · 91 transcript matches
MR. BEN BLACK "where China's digital Silk Road cannot entrench its influence. Second, DFC will prioritize large capital-intensive projects. projects. Our goal is to build holistic economic ecosystems anchored to U.S. capital markets and structured to create returns for American taxpayers and meaningful economic development for our allies. DFC's $553 million loan to restore the Albedo-Atlantic Railway exemplifies the $1.5 billion DFC has committed across Africa since my confirmation. This vital transportation corridor connects the mineral-rich Democratic Republic of Congo through Zambia to the port of Albedo..."
CRS Report
U.S. International Development Finance Corporation (DFC)
InFocus · May 1, 2026
DFC, a federal agency, uses financial tools to promote private investment overseas. Its purpose is to advance U.S. development and foreign policy interests, accounting for economic and financial...
CRS Report
DFC Shipping Reinsurance Facility: Iran Conflict and Strait of Hormuz
Legal Sidebar · May 6, 2026
Background In February 2026, U.S. and Israeli forces initiated military operations against Iran. Iran responded with retaliatory attacks and threats against commercial shipping transiting the Strait...
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"where China's digital Silk Road cannot entrench its influence. Second, DFC will prioritize large capital-intensive projects. projects. Our goal is to build holistic economic ecosystems anchored to U.S. capital markets and structured to create returns for American taxpayers and meaningful economic development for our allies. DFC's $553 million loan to restore the Albedo-Atlantic Railway exemplifies the $1.5 billion DFC has committed across Africa since my confirmation. This vital transportation..."
Testimony CASTRO, JOAQUIN
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Thank you, gentlemen, for your testimony today. Mr. Black, I had a question for you. Section 1444 of the BUILD Act requires the DFC to publish detailed project-level information on DFC's programs, and during last year's reauthorization of DFC, I authored a provision that strengthened this transparency requirement to also require the publication of project-level performance metrics and anticipated and assessed impact of DFC projects. publication of project-level performance metrics and..."
Testimony CASTRO, JOAQUIN
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Okay, well let me ask you, will you commit to consulting publicly with the development community on the format and content of that data before you finalize it? All right, the reauthorization also included a requirement that DFC developed a new quote-unquote impact quotient to assess the effectiveness of its programs. What's the status of this requirement in the law, and will you have a public comment period as the first Trump administration allowed when establishing the first impact quotient..."
Hearing Hearings to examine the nominations of Peter McCoy, of South Carolina, to be Ambassador to Montenegro, Daniel Travis, of California, a Career...
senate Foreign Relations Committee · Aug 5, 2026 · Transcript · 4 transcript matches
DANIEL TRAVIS "with President Trump's priorities for the continent. The compact in Sierra Leone is focused on electrical distribution, from what I understand. It nicely fits onto a chain of U.S. investments, from an LNG port and refinery to another DFC investment – DFC, pardon me – supported investment in power production. So these three projects together, if carried out and brought online in time, will essentially double the power available for the people of Sierra Leone, and especially for the businesses and investment we hope to have"
CRS Report
U.S. International Development Finance Corporation: Overview and Issues
Reports · Jan 10, 2022
The U.S. International Development Finance Corporation (DFC) is the U.S. government’s development finance institution (DFI). It is authorized by the Better Utilization of Investments Leading to...
Testimony MEEKS, GREGORY W.
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"MCC and USTDA should be doing the same. So I'm concerned, as I made clear throughout the DFC reauthorization, that DFC's development mandate is being lost. More effort at DFC being spent on upper middle income countries rather than developing countries that need it most. More effort at DFC being spent on upper middle income countries rather than developing countries that need it most. It is contrary to DFC's mission. The DFC was not created to serve Donald Trump and or his family's credit line..."
Testimony KIM, YOUNG
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"the durability to support allies and investors making long-term commitments to energy projects? So recently, DFC announced 1.5 billion investment in the Pacific. I believe that is the single largest investment in DFC history, right? The Philippines also has a plant, in DFC history, right? The Philippines also has a plant, So what would the DFC's role actually look like in that project, and what else in the Indo-Pacific do you see more opportunities for DFC to"
Testimony AMO, GABE
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Unfortunately, under the Trump administration, just because something should be happening doesn't mean that it is happening. I'm growing increasingly alarmed that under your leadership, in particular, Mr. Black, that there's a push to make DFC operate more like a sovereign wealth fund than the development program that it's supposed to be. It appears that much of DFC's efforts are focused on projects in upper and middle-income countries rather than in developing countries that need them the..."
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Representative, thank you for your question. So currently, I think what you're referring to, in part, is foreign assistance and project development dollars, because that is the only foreign assistance dollars that the DFC has. As I said in my opening statement, I am engaging in an entire valuation process of all DFC investments, past, present, and that will hopefully include future, and we plan to fulsomely put that out there to see returns to the American taxpayer across the entire existence..."
Testimony KAMLAGER-DOVE, SYDNEY
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Its investments in renewable energy and electricity access projects throughout sub-Saharan Africa have brought reliable power to communities and businesses, strengthening economic growth and improving quality of life. These efforts demonstrate how strategic American investment advances both our national interests and meaningful development outcomes for our friends and partners around the world. And when Congress passed the DFC reauthorization at the end of the year, we provided the agency with..."
Testimony SHERMAN, BRAD
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"You may continue your ridiculous line of questioning. Thank you for your comment, Mr. Chairman. Now, I've been involved with the DFC for 30 years, wrote a bill that got through the House that was the reauthorization bill, did not get through the Senate, chaired the subcommittee that overseed the DFC. The DFC is supposed to be part of our international development effort, and yet it was announced that it would be in the oil tanker reinsurance"
Testimony SHERMAN, BRAD
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"We subscribe to the Wall Street Journal, so we rarely see anything in your notification that isn't there already. I would ask to unanimous consent to put in the record the CRS report on the DFC, which says as to transparency, the DFC has reduced the public information it provides, including removing or limiting details on its impact quotient, which is mandated by your reauthorization, not disclosing as much about board meetings, board-approved investments, and annual"
Testimony STANTON, GREG
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"When former Development Finance Corporation CEO Scott Nathan came before our subcommittee in 2024, he did testify that securing more deals in the Western Hemisphere was a high priority for DFC, but explained that the income classification limitations prevented the agency from doing work with many countries in the region. With the passage of the DFC Modernization and Reauthorization Act last December, a subset of upper-middle income countries have been identified as DFC investment priorities...."
Testimony STANTON, GREG
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"resilient local economies. Mr. Black, how have DFC's engagements in Latin American and Caribbean countries changed since the passage of DFC reauthorization in December? Do you think those are deals that would not otherwise have been allowed before the changes were made to the DFC"
Testimony STANTON, GREG
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"I support bringing more of that supply chain to North America, including to Mexico and Latin America. I introduced a bipartisan legislation that directs DFC to invest in downstream and upstream parts of the semiconductor supply chain, things like critical mining, mineral mining and processing, testing and packaging to the Western Hemisphere. DFC projects will not only offer businesses a compelling economic alternative to China, but also boost economic prosperity across Latin America. Mr. Black,..."
Testimony DANIEL TRAVIS
Hearings to examine the nominations of Peter McCoy, of South Carolina,...
senate Foreign Relations Committee · Aug 5, 2026
"with President Trump's priorities for the continent. The compact in Sierra Leone is focused on electrical distribution, from what I understand. It nicely fits onto a chain of U.S. investments, from an LNG port and refinery to another DFC investment – DFC, pardon me – supported investment in power production. So these three projects together, if carried out and brought online in time, will essentially double the power available for the people of Sierra Leone, and especially for the businesses..."
Testimony THE HONORABLE CALEB ORR
More Bang for the Buck: Aligning Commercial Diplomacy Between State an...
house Foreign Affairs Committee · Jul 14, 2026
"We rely on the Advocacy Center's certification process, and the State Department has its own certification process to ensure that nobody who's working on the cases has any conflicts of interest. Well, thank you for the question, Congressman, and thank you for your work in ensuring that our trade and development assistance agencies have the flexibility and the discretion that they need to make investments consistent with our foreign policy and national security priorities. I think that was one..."
Testimony SPEAKER_04
Hearings to examine China's toll on older Americans' health, finances,...
senate Aging (Special) Committee · Jun 17, 2026
"the South African countries, Latin American countries, they show up with an entire delegation with other businesses, sort of the whole package in cart, in order to try to incentivize engagement and to pull them away from the United States. And that's what we're up against when we're talking about leveraging U.S. financing opportunities. And so what we've got to get better at here in the United States, and I know Congress just passed, I think it was in December, the expanded DFC modernization..."
CRS Report
Economic Growth Approaches in U.S. Foreign Assistance
Reports · Jan 12, 2022
U.S. assistance for economic growth has declined as a share of total foreign assistance for international development over the course of the 21st century. However, several high-profile foreign aid...
Hearing Charting a New Course: Countering China's Dominance in Global Shipbuilding
house East Asia and Pacific Subcommittee · Jul 22, 2026 · Transcript · 2 transcript matches
MR. BRENT SADLER "to pull from. Thank you. Yeah, so Talofa, it's great to see you again. A couple of things on this to be real quick. One, the fact that we have U.S.-flagged Jones Act fleet ships going to China to do maintenance or even doing significant modifications to be dual fuel use is a problem, and it's an indication that the system is broken, and we need to look differently at this. So first off is trying to make that either prohibited or to put conditionality on any other benefits that the shippers get in that, but there does need to also come with some more care or more incentivization on that, and..."
CRS Report
Office of National Drug Control Policy and Its Role in Federal Drug Control
Reports · Aug 24, 2021
The Office of National Drug Control Policy (ONDCP) is responsible for creating, implementing, and evaluating U.S. drug control policies to reduce the use, manufacturing, and trafficking of illicit...
CRS Report
U.S. Trade and Development Agency: Background and Issues
InFocus · Jul 13, 2026
The U.S. Trade and Development Agency (USTDA) funds early-stage activities to support development projects in developing and middle-income countries, with a focus on sectors with “significant” U.S....
CRS Report
Trump Administration’s Invocation of the Defense Production Act for Mineral Production
Posts · Apr 4, 2025
On March 20, 2025, the Trump Administration issued Executive Order (E.O.) 14241, “Immediate Measures to Increase American Mineral Production.” The executive order’s goal is to “facilitate domestic...
CRS Report
China’s One Belt, One Road Initiative: Economic Issues
InFocus · Aug 12, 2026
The People’s Republic of China (PRC or China) in 2013 launched an ambitious and multifaceted foreign economic policy initiative—One Belt, One Road—to expand China’s global economic reach and...
CRS Report
The Three Seas Initiative
Resources · Mar 19, 2025
The Three Seas Initiative (3SI) is a regional effort in Europe to expand cross-border energy, transportation, and digital infrastructure and boost economic development in the area between the...
CRS Report
Foreign Direct Investment: Background and Issues
Resources · Feb 19, 2025
Both outward and inward foreign direct investment (FDI) are significant to the U.S. economy, international trade, and global supply chains. The United States is the world’s largest source and...
CRS Report
Climate Change Risk Mitigation by U.S. Foreign Assistance Agencies
Reports · Jan 5, 2021
Many in Congress have a keen interest in climate change, and determining how best to address that issue is a source of continuing discussion. Gaining increased attention in such discussions are...
CRS Report
Solomon Islands
InFocus · Jun 29, 2026
Solomon Islands (colloquially, the Solomons) is a Pacific Islands Country (PIC) in the Melanesian sub-region roughly 2,000 miles northeast of Australia. Solomon Islands is a heterogenous society,...
CRS Report
China Primer: China’s Global Development Initiative
Resources · Sep 8, 2025
Shifts in the U.S. approach to foreign assistance under the Trump Administration have prompted increased interest from Congress in the People’s Republic of China’s (PRC’s, or China’s) overseas...
CRS Report
Sub-Saharan Africa: Selected Issues for the 119th Congress
Resources · Feb 5, 2025
As the 119th Congress approaches U.S. policy toward sub-Saharan Africa (Africa, Fig. 1), prominent issues may include strategic competition with the People’s Republic of China (PRC or China) and...
Hearing More Bang for the Buck: Aligning Commercial Diplomacy Between State and Commerce
house East Asia and Pacific Subcommittee · Jul 14, 2026 · Transcript
THE HONORABLE CALEB ORR "We rely on the Advocacy Center's certification process, and the State Department has its own certification process to ensure that nobody who's working on the cases has any conflicts of interest. Well, thank you for the question, Congressman, and thank you for your work in ensuring that our trade and development assistance agencies have the flexibility and the discretion that they need to make investments consistent with our foreign policy and national security priorities. I think that was one of the greatest advantages of the recent DFC authorization that this committee worked on and passed..."
Hearing Hearings to examine China's toll on older Americans' health, finances, and security.
senate Aging (Special) Committee · Jun 17, 2026 · Transcript
SPEAKER_04 "the South African countries, Latin American countries, they show up with an entire delegation with other businesses, sort of the whole package in cart, in order to try to incentivize engagement and to pull them away from the United States. And that's what we're up against when we're talking about leveraging U.S. financing opportunities. And so what we've got to get better at here in the United States, and I know Congress just passed, I think it was in December, the expanded DFC modernization and reauthorization act, which I think has strengthened DFC. But those tools need to continue to be..."
Hearing Building a New Regional Security Architecture: The Next Phase of the Abraham Accords
house Middle East and North Africa Subcommittee · Jul 22, 2026 · Transcript
THE HONORABLE DAVID FRIEDMAN "Jordan as well. There are currently no plans or no practical plans for a rail line connecting Saudi Arabia on one side and Israel on the other side. I think the United States, perhaps the DFC, other mechanisms, can help create that infrastructure. It would be good for American companies, for American technologies, and it would be good for making IMEC a"
CRS Report
Peace Process in Eastern Democratic Republic of Congo: Issues for Congress
Legal Sidebar · Dec 2, 2025
On December 4, President Trump is slated to host President Felix Tshisekedi of the Democratic Republic of Congo (DRC) and Rwanda’s President Paul Kagame in Washington, DC to highlight a U.S.-mediated...
Testimony MAST, BRIAN J.
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Each has a distinct role. USTDA helps shape projects early on, DFC mobilizes capital and moves investments forward, and MCC helps build the infrastructure, institutions, and enabling conditions that allow those investments to"
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"and members of the committee, for this opportunity to discuss DFC's efforts to end supply chain dependency. I'm proud to be here today to represent the hundreds of committed professionals at DFC I'm proud to be here today to represent the hundreds of committed professionals at DFC I'd also like to thank you all for the bipartisan support of DFC's December reauthorization. DFC is equipped to be a leading force for restoring U.S. economic security. DFC can invest in technology, energy, and..."
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"the Middle East, and Africa, amongst others. As CEO of the DFC, I have made it my mission to transform DFC into a best-in-class financial institution. to transform DFC into a best-in-class financial"
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"I'm also pleased to report we have reduced investment timelines by an average of 10 weeks. More importantly, I have sought to align DFC's investment strategy with the enduring principles of American economic statecraft. American economic"
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"anchored European markets to the American system, and delivered decades of stability and growth. Today, I want to highlight how the DFC is building on that tradition of success. First, DFC will directly challenge our adversaries in the most strategically contested sectors by financing transactions that diplomacy and private markets alone cannot deliver. First, DFC will directly challenge our adversaries in the most strategically contested sectors by financing transactions that diplomacy and..."
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"30 percent. Throughout human civilization, industrialization has been the single greatest force for lifting people out of poverty. Industrialization depends on reliable energy, a sector vital to America's interests as the world's leading producer and exporter of oil and natural gas. In June, DFC's board approved $1.5 billion for energy infrastructure across South and East Asia, ensuring U.S. LNG and American equipment help power the energy needs of a strategic region. Finally, we are mobilizing..."
Testimony MR. THOMAS HARDY
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"all helping to unlock investment, strengthen supply chains, and expand opportunities for American companies. We apply rigorous standards to our work, supporting trusted partners while avoiding projects that fail to meet high environmental labor standards or that reinforce our strategic where our support for the Luzon Economic Corridor includes supporting the development of a 132-mile railway to Subic Bay and the expansion of port infrastructure to accommodate larger vessels and improve ship..."
Testimony MR. DAN PETRIE
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"MCC is working to improve the roads in the Nacala transport corridor that's going to reduce the time and the cost of getting goods to the port where things like graphite are being shipped to the United States and processed for batteries in Louisiana. I know USTDA and DFC are engaged here as well, as we're always seeking to leverage each other's work. All told, about 1.3 billion of MCC's portfolio is contributing to U.S. critical"
Testimony MEEKS, GREGORY W.
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"But raw minerals won't fix this. China dominates processing, not just extraction, which is why the DFC must make processing a priority. Focusing on mineral extraction projects alone without resolving the rest of the pipeline will only send more profit to"
Testimony MAST, BRIAN J.
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"So rare earths, creating a partner, successful, something that we need. I was briefed before about one of the other DFC projects that was done in Brazil that I believe was bicycles. Is that"
Testimony MAST, BRIAN J.
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"And I'm glad to see that done. Why don't you give me another example? I was also briefed on, apparently, DFC decided to invest in Dunkin' Donuts. Where was"
Testimony MEEKS, GREGORY W.
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"So I look forward to hearing from our witnesses about the staffing and resources they are providing to the very real development challenges their agencies were created to address and how their work concurrently serves US foreign policy interests, and I yield back. Mr. Black, I'm glad that the DFC was reauthorized last year and has a runway to engage in important projects. But I have real concerns about the DFC losing its focus, as we've discussed in my office, and I appreciate you being there..."
Testimony MEEKS, GREGORY W.
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"So Mr. Black, simple yes and no. Do you know about this project's ties to the president and Secretary of Commerce's family before submitting the DFC's letters of interest into it? I just wanted to know whether you know about, you know, this conversation"
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"by all careers, all career staff signed this LOI in July 2025. Sir, what I was trying to lay out is the DFC has a multi-pronged investment approach. It starts with"
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"The letter of interest. Sir, every single investment that goes through the DFC follows a fulsome and rigorous process. Including full"
Testimony WILSON, JOE
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Additionally, Mr. Black, I encourage the Development Finance Corporation to operate in Syria, which at this stage could benefit from a trade, not aid, model and technical assistance, which the DFC could capably provide. It's particularly important to me because I was honored in November 2024 to be condemned personally by the Assad dictatorship as an enemy of the state. And then three weeks later, Assad fled to"
Testimony WILSON, JOE
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"with Senator Jane Shaheen and Ambassador Tom Barrack, as President Donald Trump additionally has welcomed President al-Shara to the Oval Office, the first Syrian leader in 250 years. And indeed, President Donald Trump is leading the world in his efforts to give Syria a chance. What is the status of the DFC in any effort to assist the people of Syria? Well, indeed, I wish you again to proceed. I was really happy that Senator Lindsey Graham on"
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Sir, do you understand what Know Your Customer obligations are? Thank you, Congressman. So at the DFC, we are very much looking forward to getting involved with Syria. Two things that one of which and we work with Ambassador Barrack closely for these"
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"One, we have gotten a re-acknowledgement of the investment agreement with Syria, because statutorily that is required for us to be able to do that. We are also waiting for judgment by USTR on their investment and labor practices being OK for the DFC to be able to invest. Sir, I do not govern the legislative"
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Sir, every... Sir, every investment goes through a rigorous investment process at the DFC. Sir, an ethics overview is involved in"
Testimony OLSZEWSKI, JOHNNY
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"I think regardless of how important these projects are, taxpayers should not be paying to make members of Congress, to make members of the administration, to make the president or their family richer, nor should taxpayer funding be used to fuel the corruption of any other partner country. So I'll pivot here, Mr. Black, to in December, the DFC announced a letter of interest for an equity investment between Chez Camin, the DRC's state-owned mining company, and another commodities group. The DFC..."
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Ethics checks have not even happened yet. It is so premature and early that it is not reflective of any form of commitment from the DFC. Sir, I'm an asset allocator at the"
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"It is so premature and early that it is not reflective of any form of commitment from the DFC. Sir, I'm an asset allocator at the DFC. Visas, travel, and domestic policy are not part of my"
Testimony KIM, YOUNG
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"And one of the key provisions in that bill was for the United States State Department to negotiate the energy security pacts with our partner countries, and that would establish country-specific objectives to support key energy and mineral investments abroad. And the idea also is to provide a one-stop shop to align our diplomatic, financing, and technical tools from USTDA, DFC, Axiom, and Commerce to strengthen our allied critical mineral supply chains and promote the energy security. So the..."
Testimony KIM, YOUNG
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"But Mr. Blake, I want to talk to you. And first, commend your leadership at DFC and your focus on advancing President Trump's vision that energy security is national security. And I'm continuing to always explore what more ways that we can help to expand DFC's flexibility, And I'm continuing to always explore what more ways that we can help to expand DFC's flexibility, I introduced the Fleets Now Act that will be focused on rebuilding America's shipbuilding capacity with our allies. And in that..."
Testimony MR. BEN BLACK
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"and thank you for all you're doing there. I think you're doing a lot of important work and look, at the DFC, we fundamentally believe in how important ports internationally are and the more work we can do there, the better. And we appreciate the other support and opening"
Testimony AMO, GABE
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"This goes back to a question of competence. Nothing in this hearing has made me think that you know all of the details of what's happening in the DFC and what needs to be done to protect U.S. interests. You've also repeatedly denied any knowledge of the many conflict of interest issues that we have raised from the Trump family to the Lutniks in the DFC. You've also repeatedly denied any knowledge of the many conflict of interest issues that we have raised from the Trump family to the Lutniks in..."
Testimony AMO, GABE
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"And along the way, you've cited career staff, the process, rather than your knowledge of what's going on. So the fact of the matter is I'm hoping that you will turn things around. DFC is essential. That's why I'm here. That's why my colleagues have so vigorously engaged. And through all your time here, you have not made it clear that you are standing for the values of this country, that no one should be benefiting, and certainly not in the Oval Office, not along the Cabinet, and not in the..."
Testimony HUIZENGA, BILL
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"a place where a number of agreements have been struck. I also happen to be part of the Congressional Strategic Advisory Group for the DFC. I'm also the vice chair of the Financial Services Committee, where we deal with all the sanctions and we deal with jurisdiction on international development and finance agencies. So I've got a fairly high level of interest in what you all are doing. And I just want to commend you for what you are"
Testimony CASTRO, JOAQUIN
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"country income breakdown of its deal flow nor private capital mobilization data below regional aggregates, which means Congress cannot tell whether you are crowding private investors in or crowding them out. And so my question on that is, will you commit to reporting deal flow by country income category and project-level private capital mobilization data at least semi-annually so Congress can verify DFC is staying inside the guardrails that we just recently set? All right. I have one more..."
Testimony ISSA, DARRELL
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"So you found $1.5 billion from the previous administration that you had to shut down, and they're worried about whether in an open, transparent world, some third party might invest in a good investment when in fact the public-private investment is what the DFC is responsible for doing. I want to thank"
Testimony KAMLAGER-DOVE, SYDNEY
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"And you all represent corporations and agencies entrusted with the critical responsibility of operating and collaborating on an international scale. Now, Mr. Black, we have heard a lot today about corruption and how the DFC is being misused by this administration. I believe the U.S. International Development Finance Corporation must remain a cornerstone of American leadership on the global stage. During the COVID-19 pandemic, the DFC helped finance vaccine manufacturing, medical equipment..."
Testimony DAVIDSON, WARREN
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Yovanovitch is Project Vault, which creates a strategic reserve for critical minerals. So maybe, you know, could you guys talk a little bit about how DFC and USTDA operate together to maybe not duplicate efforts on critical minerals? How does that interact with the kind of things we're doing, not just with XM, but with the Defense Production Act? Because this administration's clearly made it a whole-of-government initiative to de-risk our supply chain. So maybe, Mr. Harvey, if you'd like to go..."
Testimony MR. THOMAS HARDY
Ending Supply Chain Dependency: Aligning Tools, Capital, and Partnersh...
house Foreign Affairs Committee · Jul 15, 2026
"Thank you. The U.S. Trade Development Agency's first mover on infrastructure development, Congress gave us the task of supporting early-stage infrastructure, whether that's feasibility studies, piloting American technology, technical assistance, all of those early-stage investments necessary to feed into a DFC, to feed into XM. But I think what is unique about USTDA's statute is it looks at making sure that it's not just American taxpayers on the hook. We are looking at financial institutions..."
Testimony DANIEL TRAVIS
Hearings to examine the nominations of Peter McCoy, of South Carolina,...
senate Foreign Relations Committee · Aug 5, 2026
"It holds critical minerals essential to American manufacturing and national security. It has significant American commercial investment in telecommunications, energy, and mining, and more specifically, is poised to become a significant destination for U.S. LNG exports through the DFC-backed Nant Energy Project. Additionally, as the outgoing chair of ECOWAS, Sierra Leone's leadership in the region is more consequential than ever at a time when competition for economic, strategic, and diplomatic..."
Testimony DANIEL TRAVIS
Hearings to examine the nominations of Peter McCoy, of South Carolina,...
senate Foreign Relations Committee · Aug 5, 2026
"If confirmed, the welfare of American citizens, our commercial diplomacy, and our development investments in Sierra Leone, particularly in public health, will be my top priorities. I will work to close transformational deals, open doors for American companies, and ensure that Sierra Leone's energy, infrastructure, and mineral sectors are shaped by an American investment, not by our competitors who play by their own rules. I will use the full range of U.S. government tools available, including..."
Testimony NATHANIEL MORRIS
Hearings to examine the nominations of Peter McCoy, of South Carolina,...
senate Foreign Relations Committee · Aug 5, 2026
"And what I think the United States should be interested in, in that relationship, is a long-term economic plan together to continue to allow American businesses to invest in Columbia with certainty and security. We have a number of methods in the government which we've done that, whether it be the DFC or other measures. But these are things that I think are going to give great confidence to the private"
Testimony MR. BRENT SADLER
Charting a New Course: Countering China's Dominance in Global Shipbuil...
house Foreign Affairs Committee · Jul 22, 2026
"to pull from. Thank you. Yeah, so Talofa, it's great to see you again. A couple of things on this to be real quick. One, the fact that we have U.S.-flagged Jones Act fleet ships going to China to do maintenance or even doing significant modifications to be dual fuel use is a problem, and it's an indication that the system is broken, and we need to look differently at this. So first off is trying to make that either prohibited or to put conditionality on any other benefits that the shippers get..."
Testimony MR. J. JAMES KIM
Charting a New Course: Countering China's Dominance in Global Shipbuil...
house Foreign Affairs Committee · Jul 22, 2026
"I'll just add finally to add to what Mr. Sadler said before about infrastructure development in developing countries. We can utilize DFC financing for these activities and we can do it in partnership with our allies through the trilateral mechanism as"
Testimony THE HONORABLE DAVID FRIEDMAN
Building a New Regional Security Architecture: The Next Phase of the A...
house Foreign Affairs Committee · Jul 22, 2026
"Jordan as well. There are currently no plans or no practical plans for a rail line connecting Saudi Arabia on one side and Israel on the other side. I think the United States, perhaps the DFC, other mechanisms, can help create that infrastructure. It would be good for American companies, for American technologies, and it would be good for making IMEC a"