Chief Strategic Investment Officer

Section 1413 of the Better Utilization of Investments Leading to Development Act of 2018 (22 U.S.C. 9613) is amended— (1) by redesignating subsections (h) and (i) as subsections (i) and (j), respectively; and (2) by inserting after subsection (g) the following: (h) Chief Strategic Investment Officer (1) Appointment Subject to the approval of the Board, the Chief Executive Officer shall appoint a Chief Strategic Investment Officer, from among individuals with experience in United States national security matters and foreign investment, who shall be removable only by a majority vote of the Board. (2) Duties The Chief Strategic Investment Officer shall— (A) advise the Chief Executive Officer and the Deputy Chief Executive Officer on national security and foreign policy matters and report directly to the Chief Executive Officer; (B) in addition to the Chief Executive Officer and the Deputy Chief Executive Officer, represent the Corporation in interagency meetings and processes relating to United States national security and foreign policy; (C) coordinate efforts to develop the Corporation’s strategic investment initiatives— (i) to counter predatory state-directed investment and coercive economic practices of adversaries of the United States; (ii) to preserve the sovereignty of partner countries; and (iii) to advance economic growth and national security through the highest standards of transparency, accessibility, and competition; (D) provide input into the establishment of performance measurement frameworks and reporting on development outcomes of strategic investments, consistent with sections 1442 and 1443; (E) work with other relevant Federal departments and agencies to identify projects that advance United States national security and foreign policy priorities, including by complementing United States domestic investments in critical and emerging technologies; (F) manage employees of the Corporation that are dedicated to ensuring that the Corporation’s activities advance United States national security and foreign policy interests, including through— (i) long-term strategic planning; (ii) issue and crisis management; (iii) the advancement of strategic initiatives; and (iv) strategic planning on how the Corporation’s foreign investments may complement United States domestic production of critical and emerging technologies; (G) foster and maintain relationships both within and external to the Corporation that enhance the capacity of the Corporation to achieve its mission to advance United States national security and foreign policy interests; and (H) collaborate with the Chief Development Officer to ensure United States national security interests are considered together with the Corporation’s development policy goals..