Investment agreements

(a) Sense of congress It is the sense of Congress that— (1) the United States International Development Finance Corporation has a dual mandate to advance United States foreign policy and make development-focused investment around the world with a focus on communities most in need; (2) the United States International Development Finance Corporation must enter into an investment incentive agreement with a jurisdiction’s government in order to pursue development projects in that jurisdiction; (3) the market-based private sector development and inclusive economic growth of Solomon Islands and the Republic of Vanuatu are in the United States foreign policy interest; (4) the United States International Development Finance Corporation has not entered into investment incentive agreements with the government of Solomon Islands or with the government of the Republic of Vanuatu; and (5) the inability of the United States International Development Finance Corporation to support investments in Solomon Islands and the Republic of Vanuatu undermines United States policy to provide countries a robust alternative to state-direct investments by authoritarian governments and United States strategic competitors. (b) Investment agreements The Chief Executive Officer of the United States International Development Finance Corporation, in coordination with the Secretary of State, shall continue and prioritize efforts to enter into investment incentive agreements with the governments of those Pacific Islands in which the United States International Development Finance Corporation is otherwise authorized to operate under the BUILD Act of 2018 (22 U.S.C. 9601 et seq.). (c) Technical assistance The Secretary of State, in coordination with the Administrator of the United States Agency for International Development, the Secretary of the Treasury, and the Chief Executive Officer of the United States International Development Finance Corporation, as appropriate, is authorized to provide technical assistance to assist the Pacific Islands in negotiating and executing investment incentive agreements with the United States International Development Finance Corporation.