H.R. 2571 · 114th Congress
M-CORE Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BassSponsor15 cosponsors · 9 D, 6 R
R
Crenshaw
EE
D
Engel
ER
R
Royce
AS
D
Smith
DC
D
Cicilline
BL
D
Lee
JM
D
McDermott
BR
D
Rush
MS
R
Salmon
MD
R
Diaz-Balart
JF
R
Fortenberry
HJ
D
Johnson
BS
D
Sherman
EP
R
Paulsen
JB
D
Beatty4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Millennium Compacts for Regional Economic Integration Act or the M-CORE Act
What it does: CRS summary · Introduced in House · May 22, 2015
Millennium Compacts for Regional Economic Integration Act or the M-CORE Act
This bill amends the Millennium Challenge Act of 2003 to establish beginning with FY2013 new assistance criteria for a low-income or a lower middle income candidate country eligible to enter into a Millennium Challenge Compact with the United States. Such a country must:
- have a per capita income equal to or less than the lower middle income country threshold established by the International Bank for Reconstruction and Development for the fiscal year;
- be among the 75 countries identified by the Bank as having the lowest per capita income; and
- not be ineligible to receive U.S. economic assistance under part I of the Foreign Assistance Act of 1961.
Reclassification limits are set forth as follows:
- if the per capita income of a low-income candidate country changes during the fiscal year so that it would be reclassified as a lower middle income country, it shall be deemed to continue to meet the per capita income requirements for that fiscal year and the two subsequent fiscal years; and
- if the per capita income of a lower middle income candidate country changes during the fiscal year so that it would be reclassified as a low-income country, it shall be deemed to continue to meet the per capita income requirements for that fiscal year and the two subsequent fiscal years.
An eligible country that has entered into and has in effect a Millennium Challenge Compact may enter into and have in effect at the same time not more than one additional Compact if:
- one or both of the Compacts are or will be for purposes of regional economic integration, increased regional trade, or cross-border collaborations; and
- the country is making considerable and demonstrable progress in implementing the terms of the existing Compact.
Congressional and public notification and disclosure provisions are revised.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: M-CORE Act
Also known as: Millennium Compacts for Regional Economic Integration Act
Latest action (May 22, 2015): Referred to the House Committee on Foreign Affairs.
Policy area: International Affairs · Origin: House · Introduced: May 22, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.