(Sec. 5) Amends requirements of reporting by the Director of the Peace Corps. Requires the Director to report to Congress at least once per year on various topics, which shall include any recommendations for improving coordination of development projects between the Peace Corps and international or host country voluntary service organizations. States that the Director should consult with the appropriate congressional committees with respect to any major new initiatives not discussed in the latest submitted annual report. Requires the Director to report to Congress on student loan forgiveness programs.
(Sec. 6) Requires the Director to report to Congress on initiatives that the Peace Corps intends to pursue with eligible countries where the presence of Peace Corps volunteers would facilitate a greater understanding that a universe exists of commonly shared human values and aspirations. Authorizes and strongly urges the Director to utilize the services of returned Peace Corps volunteers having language and cultural expertise, including those who may have served previously in countries with substantial Muslim populations, in order to open or reopen Peace Corps programs in such countries.
(Sec. 7) Requires the Director to develop a training program for all Peace Corps volunteers in the education, prevention, and treatment of infectious diseases.
(Sec. 8) Amends requirements for membership on the Peace Corps Advisory Council.
(Sec. 9) Increases Peace Corps volunteer readjustment allowances from $125 to $275 a month.
(Sec. 10) Directs the Chief Executive Officer of the Corporation for National and Community Service to award grants to private nonprofit corporations for the purpose of enabling returned Peace Corps volunteers to carry out programs and projects to forward Peace Corps goals. States that such programs and projects may include: (1) educational programs; (2) partnerships with libraries; and (3) audio-visual projects. Requires corporations receiving grants to have a board of directors composed of returned Peace Corps volunteers with a background in community service, education, or health.
Sets forth grant requirements, including that the grantee give consideration to funding individual programs or projects by returned Peace Corps volunteers in amounts of not more than $100,000.
Authorizes appropriations.
(Sec. 11) Authorizes appropriations through FY 2007.