WASHINGTON \u2014 Following today\u2019s markup in the Senate Foreign Relations Committee of S. 2463, the Better Utilization of Investments Leading to Development (BUILD) Act, The ONE Campaign issued the below statement praising the Committee\u2019s progress.<\/p>\n
Tom Hart, North America executive director at The ONE Campaign:<\/u><\/strong><\/p>\n \u201cThe best tool for fighting extreme poverty is a good job, but the investment of America\u2019s private sector in the economic growth of developing countries is currently massively under-utilized. Today, the Senate Foreign Relations Committee advanced a bipartisan bill that will help bring tens of billions of private-sector dollars into the fight against extreme poverty by helping American entrepreneurs and investors do business in Africa, building infrastructure projects, creating first-time access to electricity, and expanding their reach in developing countries.<\/p>\n \u201cThe BUILD Act has earned the support of Republicans and Democrats in Congress because it is a smart, creative approach to helping people living in extreme poverty, and in partnership with foreign aid, could be a powerful force for good. We want to thank Chairman Bob Corker and Ranking Member Bob Menendez for advancing this important bill. For the past five months, The ONE Campaign and its over 3 million members in the United States have enthusiastically campaigned on behalf of this legislation. We will not stop until this good idea becomes law.\u201d<\/p>\n About the BUILD Act<\/u><\/strong><\/p>\n The bill, which is sponsored by Senators Bob Corker (R-TN) and Chris Coons (D-DE), and Congressmen Ted Yoho (R-FL-03) and Adam Smith (D-WA-09), will establish a full-service, self-sustaining U.S. International Development Finance Corporation, reforming and streamlining the tools of OPIC, USAID\u2019s Development Credit Authority and Enterprise Funds. It will have a full suite of tools including the authority to:<\/p>\n The bill, which authorizes the new agency for seven years, will also double the amount of money the U.S. government currently lends for poverty reduction and broad-based economic growth in the world\u2019s poorest countries.<\/p>\n WASHINGTON \u2014 Following today\u2019s markup in the Senate Foreign Relations Committee of S. 2463, the Better Utilization of Investments Leading to Development (BUILD) Act, The ONE Campaign issued the below statement praising the Committee\u2019s progress. Tom Hart, North America executive director at The ONE Campaign: \u201cThe best tool for fighting extreme poverty is a good […]<\/p>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"contributor":[],"class_list":["post-140706","one_press","type-one_press","status-publish","hentry"],"acf":[],"yoast_head":"\n\n