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After months of negotiations, Congress is on the verge of passing legislation that would reauthorize a key U.S. global infrastructure finance agency while turbocharging its lending authorities, including in certain circumstances to wealthy countries.

The Senate is expected this week to clear the $900 billion annual defense authorization measure after the House passed the legislation last week. The sprawling bill contains a section that would modernize the U.S. Development Finance Corporation (DFC) and extend its authorization through 2031 while increasing the agency’s maximum lending cap from the current ceiling of $60 billion to $205 billion.

After months of negotiations, Congress is on the verge of passing legislation that would reauthorize a key U.S. global infrastructure finance agency while turbocharging its lending authorities, including in certain circumstances to wealthy countries.

The Senate is expected this week to clear the $900 billion annual defense authorization measure after the House passed the legislation last week. The sprawling bill contains a section that would modernize the U.S. Development Finance Corporation (DFC) and extend its authorization through 2031 while increasing the agency’s maximum lending cap from the current ceiling of $60 billion to $205 billion.

The final product represents multiple........

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