Modernizes the Millennium Challenge Corporation to address strategic competitors and critical minerals.
The Millennium Challenge Corporation Strategic Modernization Act updates the Millennium Challenge Corporation's authorities to better address strategic competitors and critical minerals. The bill mandates the Corporation to develop a "Great Power Competition Factsheet" to assess strategic exposure and resilience of candidate countries. It also establishes a Critical Minerals Task Force to evaluate vulnerabilities in global and regional critical mineral supply chains. The Corporation must engage the U.S. private sector early in project design to improve feasibility and effectiveness.
The filed bill text is too short for analysis.