,,ii  #aad? ,,congress  #a/ ,session    
,s4 #afje  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ah1 #bjae ,mr4  
,c>d9 7= himself1 ,mr4 ,flake1 ,mr4     
,coons1 & ,mr4 ,isakson7 introduc$ !    
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,=eign ,relations  ,a
 ,,bill  ,to am5d ! ,mill5nium ,*all5ge 
,act ( #bjjc to au?orize concurr5t      
compacts = purposes ( regional economic 
integration & cross-bord]               
collaborations1 & = o!r purposes4  #a4  
,%ort title  ,?is ,act may be cit$ z !  
,mill5nium ,compacts = ,regional        
,economic ,integration ,act or !        
,m-,,core ,act 4  #b4 ,f9d+s ,congress  
makes ! foll[+ f9d+s3 7#a7 ,ov] ! la/   
#ej ye>s1 economies ar\nd ! _w h        
exp]i5c$ significant & su/a9$ gr[? t has
 be5 fuel$ by support to regional       
infra/ructure & integrat$ trade         
agreem5ts4  7#b7 ,un=tunately1 _m       
c\ntries & _! economies are isolat$ & w 
require great] support to b5efit f      
regional integration ( m>kets1          

infra/ructure1 & trade promotion-type   
policies4  7#c7 ,by connect+ isolat$    
economies ar\nd ! _w1 !re exi/s !       
pot5tial to increase inve/m5t           
opportunities & support m>ket-bas$ gr[?4
  7#d7 ,develop+ c\ntries1 int]national 
organizations1 & regional economic      
bodies h increas+ly realiz$ t key driv]s
 to economic gr[? mu/ involve great]    
cross-bord] collaboration & regional    
economic integration4  7#e7 ,!          
,mill5nium ,*all5ge ,corporation 7,,mcc7
 plays a unique role 9 economic         
developm5t ?r\gh\t ! _w & pursues its   
mission ( r$uc+ pov]ty ?r\gh economic   
gr[? by mak+ "t-b\nd grant inve/m5ts    
?r\gh data selectivity1 c\ntry own]%ip1 
& a focus on results4  7#f7 ,! ,,mcc's  
compacts h increas$ access to reliable  
p[]1 built highway corridors1 & improv$ 
bus9ess climates1 !reby promot+ economic
 gr[? & cross-bord] engagem5t )9 ,,mcc  
p>tn] c\ntries4  7#g7 ,! ,,mcc's        
ext5sive analysis has conclud$ t a      
regional approa* to pov]ty r$uction1 "u 

! "r circum/ances1 c pres5t             
opportunities to take advantage ( high] 
rates ( return on inve/m5t & l>g] scale 
r$uctions 9 pov]ty4  7#h7 ,?is increas$ 
flexibility w\ld promote economic gr[? &
 cross-bord] engagem5t betwe5 & among   
c\ntries1 creat+ l>g] & m compatible    
m>kets & enabl+ ! ,unit$ ,/ates private 
sector to compete m effectively & p>tn] 
) ! ho/-c\ntry private sectors4  7#i7 ,!
 ,,mcc is develop+ new p>tn]%ips 9      
,asia1 includ+ implem5tation ( curr5t   
compacts 9 ,indonesia & ! ,philipp9es1  
new compacts = ,mongolia & !            
,philipp9es1 & ,,mcc's fir/-ev] compact 
engagem5t 9 ,s\? ,asia4  7#aj7 ,9       
,c5tral ,am]ica1 ! ,,mcc's "w 9 road    
infra/ructure c\ld pot5tially h _h an   
ev5 great] impact _h ! roads connect$   
across bord]s4  7#aa7 ,9 ,africa1       
neighbor+ c\ntries c\ld collaborate on a
 regional p[] pool1 connect l& lock$    
c\ntries to transport1 or address o!r   
policy1 in/itutional1 & logi/ical issues
 t hamp] trade4  7#ab7 ,to make a       

coord9at$ regional inve/m5t across      
sev]al c\ntries "w1 ! ,bo>d ( ,directors
 ( ! ,,mcc w\ld ne$ to select a block ( 
c\ntries at ! same "t to coord9ate      
project developm5t & compact sign+s1 :i*
 is unreali/ic1 or be able to ent] into 
a concurr5t compact ) "o ( ^? c\ntries1 
= :i* x curr5tly lacks au?ority4  #c4   
,purpose ,! purpose ( ?is ,act is to    
exp& ! ,mill5nium ,*all5ge              
,corporation's ability to develop       
compacts ) c\ntries1 p>ticul>ly 9       
,africa1 t promote regional economic    
integration & cross-bord]               
collaborations4  #d4 ,mill5nium *all5ge 
compact  7a7 ,9 g5]al ,section #fji ( ! 
,mill5nium ,*all5ge ,act ( #bjjc 7#bb   
,u4,s4,c4 #ggjh7 is am5d$-- 7#a7 9      
subsection 7k71 by /rik+ ! fir/ s5t5ce2 
&  7#b7 by add+ aft] subsection 7k7 !   
foll[+ new subsection3  7l7 ,concurr5t  
compacts ,an eligible c\ntry & ! ,unit$ 
,/ates t h ent]$ into & h 9 effect a    
,compact "u ?is section may ent] into & 
h 9 effect at ! same "t n m ?an "o      

additional ,compact 9 accordance ) !    
requirem5ts ( ?is title if--  7#a7 "o or
 bo? ( ! ,compacts are or w be =        
purposes ( regional economic            
integration1 increas$ regional trade1 or
 cross-bord] collaborations2 &  7#b7 !  
,bo>d det]m9es t ! c\ntry is mak+       
consid]able & demon/rable progress 9    
implem5t+ ! t]ms ( any exi/+ ,compacts &
 supplem5t>y agreem5ts !reto4  4  7b7   
,applicability ,! am5dm5ts made by      
subsection 7a7 apply ) respect to       
,compacts ent]$ into betwe5 ! ,unit$    
,/ates & an eligible c\ntry "u !        
,mill5nium ,*all5ge ,act ( #bjjc 7#bb   
,u4,s4,c4 #ggja et seq47 be=e1 on1 or   
aft] ! date ( ! enactm5t ( ?is ,act4    
7c7 ,con=m+ am5dm5t ,section            
#fac7;b77#b77;,a7 ( su* ,act 7#bb       
,u4,s4,c4 #ggab7;b77#b77;,a77 is am5d$  
by /rik+ ! be=e ,compact & ins]t+ any4