Millennium Challenge Corporation Strategic Modernization Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7644 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7644 To amend the Millennium Challenge Act of 2003 to modify the authorities of the Millennium Challenge Corporation relating to strategic competitors of the United States and critical minerals. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 23, 2026 Mr. Barr introduced the following bill; which was referred to the Committee on Foreign Affairs _______________________________________________________________________ A BILL To amend the Millennium Challenge Act of 2003 to modify the authorities of the Millennium Challenge Corporation relating to strategic competitors of the United States and critical minerals. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Millennium Challenge Corporation Strategic Modernization Act''. SEC. 2. FINDINGS. Congress finds the following: (1) The Millennium Challenge Corporation is an independent United States Government agency that delivers results-driven foreign assistance, using a transparent, data-driven model rooted in good governance, economic freedom, and investment in people to advance America's economic and strategic interests. (2) Strategic competitors of the United States, including the People's Republic of China, the Russian Federation, and the Islamic Republic of Iran, increasingly deploy state-directed finance, infrastructure development, and resource investments to gain long-term political and economic leverage in developing countries. (3) The global supply of critical minerals is increasingly concentrated, opaque, and vulnerable to coercion by strategic competitors of the United States, creating risks to United States national security, energy security, and advanced manufacturing. (4) The