Notifications to be provided by the Corporation

Section 1446 of the Better Utilization of Investments Leading to Development Act of 2018 (22 U.S.C. 9656) is amended— (1) in subsection (b)— (A) in paragraph (2), by striking; and and inserting a semicolon; (B) in paragraph (3)— (i) by inserting the Corporation’s impact quotient outlining after asset and; and (ii) by striking the period at the end and inserting; and; and (C) by adding at the end the following: (4) (A) information relating to whether the Corporation has accepted a creditor status that is subordinate to that of other creditors in the project, activity, or asset; and (B) for all projects, activities, or assets that the Corporation has accepted a creditor status that is subordinate to that of other creditors the Corporation shall include a description of the substantive policy rationale required by section 1422(b)(12) that influenced the decision to accept such a creditor status.; and (2) by adding at the end the following new subsection: (d) Equity investments For every equity investment above $10,000,000 that the Corporation enters into, the Corporation shall submit to Congress a notification that includes— (1) the information required by section (b); and (2) a plan for how the Corporation plans to use any Board seat the Corporation is entitled to as a result of such equity investment, including any individual the Corporation plans to appoint to the Board and how the Corporations plans to use such Board seat to further United States strategic goals..