International Development Act

[AI summary unavailable — showing source text] International Development Act - Part I: General Provisions - Establishes the United States Foundation for International Development. Delegates to such Foundation responsibility for administering programs of assistance to people of developing countries. Provides that the Foundation shall be under the general policy guidance of the Secretary of State. Provides that the Foundation shall have a Board of Directors. Sets forth the composition and rates of compensation of the members of such Board. Makes provisions for additional personnel of the Foundation, including a First Vice President and four Second Vice Presidents. States that whenever the President of the United States determines it to be in furtherance of the provisions of this Act, he is authorized to assign any officer or employee of the United States Government to any position with any foreign government or international organization. Grants to the Foundation specified powers, including: (1) to adopt a seal; (2) to adopt, amend, and repeal bylaws; (3) to sue and be sued in its name; (4) to acquire, hold, use, or dispose of any property; and (5) to exercise the priority of the United States Government in collecting debts. Prov…