Millennium Challenge Corporation Candidate Country Reform Act
Latest action · Jul 11, 2024 Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 2, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Millennium Challenge Corporation Candidate Country Reform Act
This bill modifies the per capita income requirements for countries to be considered candidates for assistance from the Millennium Challenge Corporation (MCC). The MCC program provides assistance to eligible developing countries through a competitive selection process based on various factors, including a country's per capita income, level of economic freedom, and effectiveness of government.
Currently, to be a candidate to receive MCC assistance, the country must have a per capita income not greater than the lower-middle-income country threshold established by the International Bank for Reconstruction and Development (IBRD). Under the bill, a candidate country must instead have a per capita income equal to or less than the World Bank's threshold for initiating the IRDB graduation process. (This graduation process begins when IRDB determines that a country is able to sustain long-term development without further IRDB financing. For 2024, the threshold for initiating discussions about a country's graduation begins when a country exceeds $7,805 in per capita income.)
Cosponsors 18
Members who signed on, in the order they did. Signatures ran from May 2, 2023 to Sep 20, 2024, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Gregory W. Meeks | Original | May 2, 2023 |
| R-CA | Young Kim | Original | May 2, 2023 |
| R-FL | Maria Elvira Salazar | Jul 11, 2023 | |
| D-TX | Colin Z. Allred | Jul 25, 2023 | |
| D-WA | Adam Smith | Jun 12, 2024 | |
| D-WI | Gwen Moore | Jun 12, 2024 | |
| D-AL | Terri A. Sewell | Jun 12, 2024 | |
| D-CA | Ami Bera | Jul 9, 2024 | |
| R-NY | Michael Lawler | Jul 9, 2024 | |
| D-NJ | Andy Kim | Aug 2, 2024 | |
| R-AS | Aumua Amata Coleman Radewagen | Aug 2, 2024 | |
| D-NV | Dina Titus | Aug 2, 2024 | |
| R-SC | Joe Wilson | Aug 2, 2024 | |
| D-FL | Sheila Cherfilus-McCormick | Aug 2, 2024 | |
| D-CA | Sydney Kamlager-Dove | Aug 2, 2024 |
Actions 5
Everything that happened, newest first.
- Jul 11, 2024Committee Consideration and Mark-up Session Held
- Jul 11, 2024Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
- Jul 10, 2024Committee Consideration and Mark-up Session Held
- May 2, 2023Introduced in House
- May 2, 2023Referred to the House Committee on Foreign Affairs.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1240 | Millennium Challenge Corporation Candidate Country Reform Act | Identical bill | May 4, 2023 |
| HR 5009 | Servicemember Quality of Life Improvement and National Defense Authorization Act for Fiscal Year 2025 | Related bill | Dec 23, 2024 |
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
Text 1
Each version as it was printed, newest first.
- May 2, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.