US HB5299

Reauthorizes the U.S. International Development Finance Corporation (DFC) through December 31, 2031, and increases its maximum contingent liability from $60 billion to $250 billion

Raises the equity investment cap from 30% to 49% of a project and establishes a revolving Equity Investments Account where collections from equity investments remain available to the Corporation without further appropriation

Reduces the Board of Directors from 5 to 3 appointed individuals, eliminates the Chief Development Officer position, and doubles administratively determined positions from 50 to 100

Increases the congressional notification threshold from $10 million to $100 million per project and prohibits DFC support for projects involving countries of concern including China, Russia, Iran, North Korea, Cuba, Venezuela, and Belarus

Expands DFC authority to operate in high-income countries with Presidential certification and permits transfers from Department of Defense and Strategic Materials Stockpiling Act funds to the Corporation