Prioritizing Digital Infrastructure Financing Act

Section 1451 of the Better Utilization of Investments Leading to Development Act of 2018 (22 U.S.C. 9613) is amended by inserting after subsection (i) the following:

The Corporation should prioritize support to projects that—

(1) increase digital infrastructure and connectivity, including operators of voice and data networks, development options for countries with the greatest need for digital infrastructure investment and in cases in which competing digital infrastructure financing proposals lack high standards for data security and protection of users’ human rights; and

(2) align with the Corporation’s authorities relating to provisions of support as outlined in section 1421(a).

Not later than one year after the date of the enactment of this Act, the United States International Development Financing Corporation shall submit to the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate a report that includes an identification and description of—

(1) regions and countries with the greatest need for investment in digital infrastructure, including the types of such digital infrastructure;

(2) regions and countries in which investment in digital infrastructure will be most effective in promoting high standards for data security and protection of users’ human rights; and

(3) efforts of partner governments to provide digital infrastructure development financing initiatives and efforts of the Corporation to coordinate with such partner governments with respect to such digital infrastructure development financing.