DFC Secures Expanded Authorities with FY26 NDAA Signed into Law

WASHINGTON D.C. - The U.S. International Development Finance Corporation (DFC) today secured a six-year reauthorization and expanded authorities with President Trump's signing of the Fiscal Year (FY) 2026 National Defense Authorization Act (NDAA) into law. The FY2026 NDAA included the bipartisan DFC Modernization and Reauthorization Act of 2025.

"I am immensely grateful to the White House and Congress, especially Senators Risch and Shaheen and Congressmen Mast and Meeks and their teams, for their leadership in securing DFC's reauthorization. DFC is America's international deal team, and with our expanded authorities, our team will advance President Trump's foreign policy objectives and secure returns for American taxpayers," said DFC CEO Ben Black, who was present for President Trump's Oval Office signing ceremony.

Highlights of DFC's reauthorization include:

• Six-year authorization through December 31, 2031.
• $205 billion investment cap (Maximum Contingent Liability ("MCL")) - an increase of over 300%.
• Creation of a $5 billion equity revolving fund.
• Increased equity investment authority to 40% minority ownership.
• Increased investment authority to cover all international geographies other than the wealthiest twenty countries.
  • DFC may still invest in the wealthiest twenty countries but only via investments in the Five Eyes countries and territories and investments in certain sectors.
  • The sectoral exemptions are for energy, critical minerals and rare earths, and information and communications technology, including undersea cables.
  • No more than 10 percent of the MCL may be used in wealthy and other high-income countries, regardless of any country, territory or sector exceptions.

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The U.S. International Development Finance Corporation (DFC), established in 2019 with bipartisan support under President Trump, is the international investment arm of the U.S. Government. DFC partners with the private sector to advance U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, and advanced technology - fostering economic development, supporting U.S. interests, and delivering returns to American taxpayers.