Enhancing American Competitiveness Act of 2023

This bill modifies the U.S. International Development Finance Corporation's (DFC) authority to enhance its role in global development and U.S. strategic interests. It expands the DFC's ability to provide equity financing (not just loans or insurance) for projects, adjusts budgetary treatment to avoid federal credit reform rules, and increases the maximum contingent liability cap from $60 billion to $100 billion. The changes directly affect DFC-funded projects, particularly those involving private sector investments in developing countries, including fragile or conflict-affected states. It also requires the DFC to submit a 180-day plan detailing how it will expand financing for U.S. national security and development priorities.