Millennium Challenge Corporation Candidate Country Reform Act

HR 3042 updates the eligibility rules for countries seeking to become "candidate countries" under the Millennium Challenge Corporation (MCC) program. It revises the income threshold to align with World Bank graduation standards and clarifies that U.S. waivers or suspensions of foreign aid restrictions no longer disqualify countries. The bill specifies that the MCC Board will make the final determination on candidate country status. This directly affects countries aiming to qualify for U.S. economic aid through the MCC program.