What does Preamble of HR 7644 do?

This bill amends the Millennium Challenge Act of 2003. The proposed changes modify the authorities of the Millennium Challenge Corporation. The modifications relate to strategic competitors of the United States and critical minerals.

What does SHORT TITLE. of HR 7644 do?

This bill is formally titled the Millennium Challenge Corporation Strategic Modernization Act.

What does FINDINGS. of HR 7644 do?

This section outlines findings related to the Millennium Challenge Corporation (MCC). The MCC is described as an agency delivering results-driven foreign assistance focused on good governance, economic freedom, and investment in people. Strategic competitors like China, Russia, and Iran are noted for using finance and investments to gain leverage in developing countries. The global supply of critical minerals is identified as concentrated, opaque, and vulnerable to coercion, posing risks to U.S. security. The MCC's tools are considered suitable for addressing supply chain constraints in critical minerals. Increased engagement with the U.S. private sector is suggested to improve project design and attract private capital. Modernization of the MCC should maintain its core development mission and independence.

What does SENSE OF CONGRESS. of HR 7644 do?

This section expresses the sense of Congress regarding the Millennium Challenge Corporation (MCC). Congress believes strategic competition considerations should inform, but not replace, the MCC's existing eligibility standards. Reforms should aim to increase transparency, accountability, and value for U.S. taxpayers. The MCC should be modernized to serve as a strategic asset in an era of global competition.

What does PURPOSES. of HR 7644 do?

This section amends Section 602 of the Millennium Challenge Act of 2003. The amendment modifies existing paragraphs (1) and (2) by removing punctuation. A new paragraph (3) is added to Section 602. The new paragraph aims to advance United States economic security and strategic competitiveness. This is achieved by supporting reforms and investments in eligible countries. These reforms and investments focus on critical mineral supply chains, strategic infrastructure, and market-based economic integration. The amendment also states that these efforts should support poverty reduction and sustainable economic growth.

What does CRITICAL MINERALS TASK FORCE. of HR 7644 do?

This section amends the Millennium Challenge Act of 2003 to establish a Critical Minerals Task Force within the Corporation. The Task Force is responsible for assessing vulnerabilities in global and regional critical mineral supply chains related to U.S. economic and national security. It will identify countries where Corporation engagement could improve mineral supply chains. The Task Force will evaluate constraints impacting mineral development and processing. It will recommend policy reforms and investment areas for Corporation assistance. The Task Force is required to coordinate with U.S. government agencies, multilateral institutions, and private sector stakeholders. The Corporation is explicitly prohibited from engaging in extractive activities or subsidizing mineral production under this subsection.

What does GREAT POWER COMPETITION FACTSHEET. of HR 7644 do?

This section amends the Millennium Challenge Corporation Act of 2003. It introduces a 'Great Power Competition Factsheet' (GPC Factsheet) to be used in determining eligible countries. The Board will assess candidate countries' strategic exposure and resilience to strategic competitors, including China, Russia, and Iran, using factors outlined in paragraph (2). The GPC Factsheet will include data on trade, investment, foreign assistance, infrastructure ownership, critical minerals, and alignment with international standards. The Factsheet is intended to inform Board deliberations but not replace other eligibility criteria.

What does MILLENNIUM CHALLENGE COMPACT. of HR 7644 do?

This section amends the Millennium Challenge Act of 2003, specifically section 609. The implementation of a Compact shall not exceed 5 years. The Corporation must obligate the entire funding for a Compact upon its execution and consult with congressional committees at the start of implementation. The Corporation is directed to engage United States private sector entities during the early stages of Compact project identification and design to improve feasibility, mobilize capital, and enhance sustainability. The Corporation is required to conduct constraint analyses, feasibility studies, and other due diligence in an expeditious manner. The Corporation must periodically update the Board and congressional committees on the status of Compact implementation, potential issues, and mitigation measures. Safeguards are in place to prevent circumvention of Compact requirements.

What does CONGRESSIONAL AND PUBLIC NOTIFICATION. of HR 7644 do?

This section amends Section 610(a) of the Millennium Challenge Corporation Act of 2003. The amendment redesignates paragraph (4) as paragraph (5). A new paragraph (4), titled 'Complementary framework,' is inserted after paragraph (3). The Millennium Challenge Corporation shall develop and include a complementary framework in reports assessing benefits accruing to the United States under a Compact. This framework may include considerations such as supply chain diversification, increased U.S. company participation, reducing recipient country exposure to strategic competitors, and export of U.S. goods and services.

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Millennium Challenge Corporation Strategic Modernization Act — HR. 7644

Last updated: 2/23/2026 · Introduced: 2/23/2026

Author: Andy Barr (R-KY)

TL;DR (AI)

This bill amends the Millennium Challenge Act of 2003 to modernize the Millennium Challenge Corporation (MCC) and enhance its role in strategic competition.
The MCC will consider a 'Great Power Competition Factsheet' when determining eligibility for countries, assessing their exposure to strategic competitors like China, Russia, and Iran.
A Critical Minerals Task Force will be established within the MCC to identify vulnerabilities in critical mineral supply chains and recommend policy reforms and investments.
Millennium Challenge Compacts, which are agreements for foreign assistance, will have a maximum implementation period of five years and require early engagement with U.S. private sector entities.
The MCC is directed to include a complementary framework in reports, considering benefits to the U.S. such as supply chain diversification and increased U.S. company participation.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 7 more.

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