Millennium Challenge Corporation Strategic Modernization Act

This bill changes the law that governs the Millennium Challenge Corporation, a U.S. foreign aid agency. It adds strengthening critical mineral supply chains and strategic infrastructure to the agency's purposes, and creates a Critical Minerals Task Force inside the agency. When choosing eligible countries, the agency's board would have to assess each candidate country's ties to China, Russia, Iran, and other strategic competitors, though this would not replace other eligibility rules. The bill also limits compact implementation to 5 years, requires early engagement with U.S. private companies in project design, and requires reports to include a framework measuring benefits to the United States.

Full text and official record on Congress.gov

Sponsors

• Andy Barr Republican sponsor
• 0 cosponsors