Bill · H.R. 7644· House(119-HR-7644)
Millennium Challenge Corporation Strategic Modernization Act
- Introduced
- 2/23/2026
- Last activity
- 2/23/2026 — Referred to the House Committee on Foreign Affairs.
- Sponsored by
- Andy Barr
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Millennium Challenge Corporation Strategic Modernization Act seeks to update the Millennium Challenge Corporation's authorities regarding strategic competitors and critical minerals. The bill aims to advance U.S. economic security by supporting investments in critical mineral supply chains and strategic infrastructure. It establishes a Critical Minerals Task Force to assess supply chain vulnerabilities and identify candidate countries. Additionally, the bill introduces a Great Power Competition Factsheet to assess a country's strategic exposure to competitors like China, Russia, and Iran. Finally, the act mandates earlier engagement with the private sector and more timely completion of due diligence processes.
Yes· 3 of 8
Would business owners be better off under this?+4
The bill encourages early engagement with the private sector to mobilize capital and improve project feasibility.
Does this strengthen ties with allied countries?+4
The bill aims to strengthen economic ties and partnerships between the United States and partner countries through strategic investments.
Does this make what the government does easier for the public to see?+3
The bill mandates increased transparency in how the Corporation assesses strategic exposure and benefits to the United States.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Economic and National Security: The bill aims to strengthen critical mineral supply chains and strategic infrastructure to advance United States economic security and strategic competitiveness (Section 4).
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Supply Chain Stability: The establishment of a Critical Minerals Task Force is intended to assess global and regional vulnerabilities and identify ways to enhance transparent, diversified, and sustainable mineral supply chains (Section 5).
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Improved Project Effectiveness: By engaging the United States private sector, investors, and technical experts during the early stages of project identification, the bill seeks to improve project feasibility, effectiveness, and long-term sustainability (Section 7).
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Private Capital Mobilization: Early private sector engagement is designed to mobilize private capital to supplement the assistance provided (Section 7).
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Increased Accountability: The bill requires the Corporation to develop a framework to assess benefits accruing to the United States, such as increased participation of United States companies and investors (Section 8).
Potential Negative Impacts for People
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Restrictions on Activity Types: The bill explicitly states that the Corporation is not authorized to engage in extractive activities or to subsidize mineral production (Section 5).
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Constraint on Implementation: While the bill calls for more efficient due diligence, it includes safeguards to ensure that existing requirements for a Compact are not circumvented (Section 7).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+4Good For Low Income Households+2
- National Security And Foreign Policy
- Improves International Alliances+4
- Environment Energy And Infrastructure
- Improves Environmental Protections+2Improves Public Transit+1
- Governance And Ideology
- Improves Government Transparency+3
- Social Issues And Justice
- Improves Poverty Reduction+2
- Economy And Finance
- Improves Small Business Support+1
- 2/23/2026
- Referred to the House Committee on Foreign Affairs.
- Introduced in House