# 119-hr-7644: Millennium Challenge Corporation Strategic Modernization Act

119-hr-7644, Millennium Challenge Corporation Strategic Modernization Act, is a 119th Congress bill sponsored by Rep. Barr, Andy [R-KY-6] (R-KY); status introduced (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7644
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7644
- Congress: 119
- Title: Millennium Challenge Corporation Strategic Modernization Act
- Status: introduced
- Introduced: 2026-02-23
- Sponsor: Rep. Barr, Andy [R-KY-6] (R-KY)
- Cosponsors: 0
- Policy area: International Affairs
- Touches household money: no
- Last recorded action: 2026-04-21

## Summary

**This bill would shift the Millennium Challenge Corporation toward strategic competition and critical minerals** while keeping its core development mission. It would add new tools for screening partner countries, create a Critical Minerals Task Force, and shorten Compact timelines to speed projects and attract private investment. - Families and communities in partner countries would still see programs aimed at poverty reduction and sustainable growth, but projects would be weighed for how they strengthen critical mineral supply chains and strategic infrastructure. - U.S. companies and investors would get earlier chances to shape projects and be evaluated for increased participation, which aims to mobilize private capital and expand U.S. trade and investment in recipient markets. - MCC governance and oversight would change. A Board-level Critical Minerals Task Force and a required Great Power Competition Factsheet would use data on trade dependencies, state‑owned enterprises, debt exposure, infrastructure control, and mineral endowments to inform eligibility. Compacts would face a 5-year implementation cap, obligation of full funding at execution, and required consultation with congressional committees.

## Provisions PRIA read

- MCC shifts to defend U.S. supply chains: benefit, medium. If enacted, the bill would add advancing U.S. economic security and critical minerals to MCC's mission. The Board would create a Critical Minerals Task Force to study mineral supply chain risks and recommend reforms. The law would not let MCC do mining or subsidize mineral production. The Board wou…
- Faster compacts but tighter funding rules: mixed, low. If enacted, MCC Compacts would have a five‑year maximum implementation period. The Corporation would have to obligate all Compact funding when a Compact is signed. MCC would consult the appropriate congressional committees at the start of implementation. MCC would be required to engage U.S. private…

## Related bills

- 119-hr-137: TCJA Permanency Act
- 119-hr-4312: SCORE Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-8398: Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act
- 119-hr-2246: Foreign Investment Guardrails to Help Thwart (FIGHT) China Act

## Sources
- [119-hr-7644 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7644)

## Related
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-4312: SCORE Act](https://policyrisk.com/legislation/119-hr-4312)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-8398: Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act](https://policyrisk.com/legislation/119-hr-8398)
- [119-hr-2246: Foreign Investment Guardrails to Help Thwart (FIGHT) China Act](https://policyrisk.com/legislation/119-hr-2246)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7644 (as of 2026-04-21).