HR 7644
Millennium Challenge Corporation Strategic Modernization Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 4:12 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Millennium Challenge Corporation Strategic Modernization Act, updates the Millennium Challenge Corporation (MCC) to better address strategic competition from countries like China, Russia, and Iran. It directs the MCC to prioritize critical minerals, strengthen supply chains, and enhance its engagement with the U.S. private sector. The bill also establishes a Critical Minerals Task Force and requires the MCC to assess countries’ vulnerability to strategic competitors through a ‘Great Power Competition Factsheet’ to inform its investment decisions and compact design.
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