DFC Pivot to Domestic Equity Fund

The administration is reportedly moving to expand the U.S. International Development Finance Corporation—created for overseas projects—into a vehicle that takes equity stakes in domestic industries. That would formalize a new model where federal ownership becomes a standing feature of U.S. industrial policy. — Repurposing the DFC into a domestic equity arm would institutionalize state ownership and alter the balance of power between government and firms across the economy.