Opinion

The House Foreign Affairs Committee has scheduled a markup for May 9 for H.R. 5105, the Better Utilization of Investments Leading to Development Act of 2018. Ostensibly, the BUILD Act is intended to “reform and modernize America’s approach to development finance, making it more efficient and effective.” In reality, however, it creates a supersized Overseas…

Among programs on the chopping block in the White House’s new plan to cut more than $15 billion in wasteful government spending is the Department of Energy’s loan program for certain automakers. Congress should drop the guillotine and rescind the $4.3 billion remaining in this Advanced Technology Vehicles Manufacturing loan program. The Congressional Budget and Impoundment…

The Trump administration wants to consolidate existing U.S. government development finance agencies to replace the outdated Overseas Private Investment Corporation (OPIC). In that vein, members of Congress introduced the “Better Utilization of Investments Leading to Development (or BUILD) Act of 2018. But a recent Heritage Foundation analysis found that the bill would merely rebrand and…