S.Amdt. 5760

1. Adds SEC. 1254. INFRASTRUCTURE TRANSACTION AND ASSISTANCE NETWORK at the end of subtitle D of title XII

   Adds a section

   In S.Amdt. 5499 as proposed

   (2) modifies or deletes in any way the content of the project as a result of any direction from any entity of the Government of the People's Republic of China or the Chinese Communist Party.

   Inserted: SEC. 1254. INFRASTRUCTURE TRANSACTION AND ASSISTANCE NETWORK.

   Inserted: (a) Authority.--The Secretary of State, in consultation with the Administrator of the United States Agency for International Development, is authorized to establish an initiative, to be known as the "Infrastructure Transaction and Assistance Network", under which the Secretary of State, in consultation with other relevant Federal agencies, shall carry out various programs to advance the development of sustainable, transparent, and high-quality infrastructure in the Indo-Pacific region by--

   Inserted: (1) strengthening capacity-building programs to improve project evaluation processes, regulatory and procurement environments, and project preparation capacity of countries that are partners of the United States in such development;

   Inserted: (2) providing transaction advisory services and project preparation assistance to support sustainable infrastructure; and

   Inserted: (3) coordinating the provision of United States assistance for the development of infrastructure, including infrastructure that uses United States-manufactured goods and services, and catalyzing investment led by the private sector.

   Inserted: (b) Transaction Advisory Fund.--As part of the Infrastructure Transaction and Assistance Network described in subsection (a), the Secretary of State is authorized to provide support, including through the Transaction Advisory Fund, for advisory services to help boost the capacity of partner countries to evaluate contracts and assess the financial and environmental impacts of potential infrastructure projects, including through providing services such as--

   Inserted: (1) legal services;

   Inserted: (2) project preparation and feasibility studies;

   Inserted: (3) debt sustainability analyses;

   Inserted: (4) bid or proposal evaluation; and

   Inserted: (5) other services relevant to advancing the development of sustainable, transparent, and high-quality infrastructure.

   Inserted: (c) Strategic Infrastructure Fund.--

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   Inserted: (1) In general.--As part of the Infrastructure Transaction and Assistance Network described in subsection (a), the Secretary of State is authorized to provide support, including through the Strategic Infrastructure Fund, for technical assistance, project preparation, pipeline development, and other infrastructure project support.

   Inserted: (2) Joint strategic infrastructure projects.--Funds authorized for the Strategic Infrastructure Fund should be used in coordination with the Department of Defense, the International Development Finance Corporation, like-minded donor partners, and multilateral banks, as appropriate, to support joint infrastructure projects in the Indo-Pacific region.

   Inserted: (3) Strategic infrastructure projects.--Funds authorized for the Strategic Infrastructure Fund should be used to support strategic infrastructure projects that are in the national security interest of the United States and vulnerable to strategic competitors.

   Inserted: (d) Authorization of Appropriations.--There is authorized to be appropriated, for each of fiscal years 2023 through 2027, $75,000,000 to the Infrastructure Transaction and Assistance Network, of which $20,000,000 shall be made available for the Transaction Advisory Fund.

   Inserted: (e) Reports.--

   Inserted: (1) In general.--Not later than 180 days after the date of the enactment of this Act, and semiannually thereafter for 3 years, the President shall submit to the appropriate committees of Congress a report that includes--

   Inserted: (A) an identification of infrastructure projects, particularly in the transport, energy, and digital sectors, that the United States is currently supporting or is considering supporting through financing, foreign assistance, technical assistance, or other means;

   Inserted: (B) for each project identified under subparagraph (A)--

   Inserted: (i) the sector of the project; and

   Inserted: (ii) the recipient country of any such United States support;

   Inserted: (C) a detailed explanation of the United States and partner country interests served by such United States support;

   Inserted: (D) a detailed accounting of the authorities and programs upon which the United States Government has relied in providing such support; and

   Inserted: (E) a detailed description of any support provided by United States allies and partners for such projects.

   Inserted: (2) Form.--Each report required by paragraph (1) shall be submitted in unclassified form but may include a classified annex.

   Original wording

   At the end of subtitle D of title XII, add the following:

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As printed