1. Short title This Act may be cited as the Enhancing American Competitiveness Act of 2023 . 2. Definitions In this Act: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Foreign Relations, the Committee on Appropriations, and the Committee on the Budget of the Senate; and (B) the Committee on Foreign Affairs, the Committee on Appropriations, and the Committee on the Budget of the House of Representatives. (2) Corporation The term Corporation means the United States International Development Finance Corporation. 3. Findings Congress finds the following: (1) The mission of the Corporation is to mobilize investment to advance global development, foreign policy objectives of the United States, and taxpayer interests. (2) Congress established the Corporation to leverage private sector capabilities and to serve as a robust alternative to state-directed investments by authoritarian governments and strategic competitors of the United States. (3) Congress authorized the Corporation— (A) to provide equity financing in order to provide the Corporation with greater flexibility to invest in early- and growth-stage companies, partner with other financial institutions, and enable investees to scale operations more effectively to create greater impact on developments; (B) under section 1421(d) of the BUILD Act of 2018 ( 22 U.S.C. 9621(d) )— (i) to provide insurance and reinsurance of debt for the purposes of furthering United States foreign policy, development, and national security objectives; and (ii) to insure debt investments; (C) to collect insurance and reinsurance premiums and pay insurance and reinsurance claims