PlainBillCongress, translated.Legislation. Context. Public interest.Placed on Senate Legislative Calendar under General Orders. Calendar No. 50.
Congressional Research Service
Version 25 · Reported to Senate · May 4, 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.)
People & committees
Sen. Risch, James E. [R-ID] · R–ID
Legislative record
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 50.
Committee on Foreign Relations. Reported by Senator Menendez without amendment. Without written report.
Committee on Foreign Relations. Reported by Senator Menendez without amendment. Without written report.
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
Read twice and referred to the Committee on Foreign Relations.
Introduced in Senate
Primary sources
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Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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