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TERM 1
July 7, 2020 · 2,108 days ago
🌐 Foreign Policy
On July 7, 2020, President Trump signed a memorandum delegating authority under the Better Utilization of Investments Leading to Development (BUILD) Act of 2018. The memorandum transferred decision-making power over development financing and investment decisions to the U.S. International Development Finance Corporation (DFC). This expanded the DFC's operational authority to approve and execute development projects without certain prior consultations or restrictions.
Active
TERM 1
September 24, 2019 · 2,395 days ago
🌐 Foreign Policy
On September 24, 2019, President Trump signed a memorandum delegating functions and authorities under the Better Utilization of Investments Leading to Development (BUILD) Act of 2018 to the Secretary of State and other officials. The memorandum transferred specific powers related to development finance and international investment promotion from the President to designated agencies. The direct effect was to operationalize the BUILD Act's framework for U.S. international development financing through designated officials rather than direct presidential action.