Modify DFC’s board Operations and Relationships membership to closely resemble the board of As a unique and essential provider of international The Export-Import Bank of the US (ExIm Bank). [...] financial services, DFC must be highly responsive The board should have five permanent members, to the private sector and, on a continual basis, consisting of the CEO and the members currently must originate a steady pipeline of projects to set forth in Section 1413(b)(2)(A)(iii) of the BUILD effectively fulfill its mission of mobilizing private Act, and should require all voting members to sector. [...] the necessary skills, DFC should have authoriza- tions similar to Section 4802 of the Pay Parity Act of 2002 with respect to the SEC, so that it may attract and retain employees with the necessary background and expertise to carry out its mission. [...] Adjusting the threshold required for board to use a full set of financing tools that will help to approval for loans, loan guaranties, and political reduce risk to a level that is still significant, but risk insurance to $150 million to reflect the greater acceptable to private lenders and equity investors. [...] The DFC guaranties can be issued for up to 100% of the should interpret the BUILD Act to require it, amount of loans, provided that other parties bear when requested by the borrower, to accept the a risk of loss in the project equal to at least 20% International Finance Corporation’s environmental of the amount of the loan guaranty.
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