S. 571 · 108th Congress
Millennium Challenge Act of 2003
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
LugarSponsor · by requestNo cosponsors.
Millennium Challenge Act of 2003 - States that it is U.S. policy to reduce global poverty through increased economic growth by supporting a new compact for global development in which increased support is provided by developed countries to those developing countries that are ruling justly, fostering economic freedom, and investing in their citizens.
What it does: CRS summary · Introduced in Senate · Mar 6, 2003
Millennium Challenge Act of 2003 - States that it is U.S. policy to reduce global poverty through increased economic growth by supporting a new compact for global development in which increased support is provided by developed countries to those developing countries that are ruling justly, fostering economic freedom, and investing in their citizens.
Authorizes the President to provide assistance aimed at reducing poverty to eligible developing countries that enter into agreements with the United States establishing multi-year partnership plans for achieving shared development objectives (Millennium Challenge Contracts). Defines "eligible country" in terms of poverty, commitment to democracy, economic freedom, and investment in its people (including educational opportunity and access to health care).
Establishes a Millennium Challenge Account for the receipt of funds authorized under this Act.
Establishes in the executive branch the Millennium Challenge Corporation to implement the assistance provided under this Act.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Millennium Challenge Act of 2003
Latest action (Mar 6, 2003): Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S3326-3328)
Policy area: International Affairs · Origin: Senate · Introduced: Mar 6, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.