H.R. 3042 · 118th Congress
Millennium Challenge Corporation Candidate Country Reform Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
CastroSponsor18 cosponsors · 12 D, 6 R
R
Kim
GM
D
Meeks
MS
R
Salazar
CA
D
Allred
GM
D
Moore
AS
D
Smith
TS
D
Sewell
AB
D
Bera
ML
R
Lawler
SC
D
Cherfilus-McCormick
AK
D
Kim
SK
D
Kamlager-Dove
AA
R
Amata Radewagen
DT
D
Titus
JW
R
Wilson
WK
D
Keating
TK
R
Kean
CH
D
Houlahan2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Millennium Challenge Corporation Candidate Country Reform Act
What it does: CRS summary · Introduced in House · May 2, 2023
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.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: 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.
Policy area: International Affairs · Origin: House · Introduced: May 2, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.