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H.R. 5299IntroducedHouse · nowSenatePresidentLawIn committee
Sec. 302 · H.R. 5299

Revolving equity investment account

Title III — AUTHORITIES RELATING TO PROVISION OF SUPPORT

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(a) Equity Investments Account Section 1421(c) of the Better Utilization of Investments Leading to Development Act of 2018 (22 U.S.C. 9621(c)) is amended by adding at the end the following: (7) Equity Investments Account (A) Establishment There is established in the Treasury of the United States an Equity Investments Account of the United States International Development Finance Corporation (referred to in this subsection as the Equity Investments Account). (B) Retention of collections Collections derived from the earnings, fees, credits, and other collections from the equity investments made using amounts in the Equity Investments Account shall be deposited into the Equity Investments Account, and shall be available to the Corporation without further appropriation or fiscal year limitation for carrying out the purposes of this section.. (b) Collections Section 1434(h) of the Better Utilization of Investments Leading to Development Act of 2018 (22 U.S.C. 9634(h)) is amended by adding except earnings, fees, credits, and other collections related to equity investments from the Equity Investments Account, after earnings collected related to equity investments,.

Sec. 302: Revolving equity investment account · Public Law Tracker