Support for diaspora investments from the United States International Development Finance Corporation

(a) In general The Chief Executive Officer of the United States International Development Finance Corporation shall carry out a program to support, in the form of matching up to $5,000 (adjusted for inflation) in funds per taxpayer, investments that the Chief Executive Officer, in coordination with the Secretary of the Treasury, determines are investments by the African diaspora or investments in Caribbean countries that meet measurable development goals in health, education, agriculture, clean energy, or youth employment in Africa or the Caribbean countries, respectively. (b) Investments by the African Diaspora in certain issuers The Securities and Exchange Commission shall issue rules to treat a member of the African Diaspora who is not an accredited investor as an accredited investor for purposes of the securities laws with respect to securities offered or sold by an issuer, if— (1) the United States International Development Finance Corporation or another qualified development finance institution holds an investment in the issuer, as determined by the Commission; (2) no more than 25 percent of the total funds raised by the issuer in the applicable offering of securities is purchase by members of the African Diaspora in reliance on this subsection; and (3) the issuer discloses to the public the amount of securities, in the aggregate, purchased by members of the African Diaspora in reliance on this subsection. (c) Special window for diaspora-Led investment In addition to the program described in subsection (a), the Chief Executive Officer of the United States International Development Finance Corporation shall, using applicable authorities provided by the BUILD Act of 2018 (22 U.S.C. 9601 et seq.), establish a special window to provide support to diaspora-led investment funds, social enterprises, and infrastructure projects in African and Caribbean countries.