,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gfdd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #bc1         
#bjbf,mr4 ,b>r introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on ,=eign  
,affairs  ,a ,,bill  ,to am5d !         
,mill5nium ,*all5ge ,act ( #bjjc to     
modify ! au?orities ( ! ,mill5nium      
,*all5ge ,corporation relat+ to /rategic
 competitors ( ! ,unit$ ,/ates &        
critical m9]als4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,mill5nium ,*all5ge
 ,corporation ,/rategic ,mod]nization   
,act4  #b4 ,f9d+s ,congress f9ds !      
foll[+3  7#a7 ,! ,mill5nium ,*all5ge    
,corporation is an indep5d5t ,unit$     
,/ates ,gov]nm5t ag5cy t deliv]s        
results-driv5 =eign assi/ance1 us+ a    
transp>5t1 data-driv5 model root$ 9 good
 gov]nance1 economic fre$om1 & inve/m5t 
9 p to advance ,am]ica's economic &     
/rategic int]e/s4  7#b7 ,/rategic       
competitors ( ! ,unit$ ,/ates1 includ+ !
 ,p's ,republic ( ,*9a1 ! ,russian      
,f$]ation1 & ! ,islamic ,republic (     

,iran1 increas+ly deploy /ate-direct$   
f9ance1 infra/ructure developm5t1 &     
res\rce inve/m5ts to ga9 long-t]m       
political & economic lev]age 9 develop+ 
c\ntries4  7#c7 ,! global supply (      
critical m9]als is increas+ly           
conc5trat$1 opaque1 & vuln]able to      
co]cion by /rategic competitors ( !     
,unit$ ,/ates1 creat+ risks to ,unit$   
,/ates national security1 en]gy         
security1 & advanc$ manufactur+4  7#d7  
,! ,mill5nium ,*all5ge ,corporation's   
tools1 includ+ grant-bas$ f9anc+1 policy
 re=m conditionality1 & high gov]nance  
/&>ds1 are well-suit$ to address+       
con/ra9ts 9 critical m9]al supply *a9s1 
su* z infra/ructure gaps1 regulatory    
weaknesses1 & work=ce developm5t        
limitations4  7#e7 ,e>li] & m sy/ematic 
engagem5t by ! ,mill5nium ,*all5ge      
,corporation ) ! ,unit$ ,/ates private  
sector c improve project design1 cr[d 9 
private capital1 & /r5g!n economic ties 
betwe5 p>tn] c\ntries & ! ,unit$ ,/ates4
  7#f7 ,! mod]nization ( ! ,mill5nium   

,*all5ge ,corporation %\ld /r5g!n1 n    
dilute1 its core developm5t mission &   
indep5d5ce4  #c4 ,s5se ( ,congress ,x is
 ! s5se ( ,congress t-- 7#a7 /rategic   
competition consid]ations %\ld in=m b n 
replace ! ,mill5nium ,*all5ge           
,corporation's exi/+ eligibility /&>ds2 
7#b7 re=ms %\ld increase transp>5cy1    
acc\ntability1 & value to ,unit$ ,/ates 
taxpay]s2 &  7#c7 ! ,mill5nium ,*all5ge 
,corporation %\ld be mod]niz$ z a       
/rategic asset 9 an era ( global        
competition4  #d4 ,purposes ,section    
#fjb ( ! ,mill5nium ,*all5ge ,act (     
#bjjc 7#bb ,u4,s4,c4 #ggja7 is am5d$--  
7#a7 9 p>agraph 7#a71 by /rik+ & at !   
end2  7#b7 9 p>agraph 7#b71 by /rik+ !  
p]iod at ! end & ins]t+ 2 &2 &  7#c7 by 
add+ at ! end ! foll[+3  7#c7 to advance
 ,unit$ ,/ates economic security &      
/rategic competitiv5ess by support+     
eligible c\ntry re=ms & inve/m5ts t     
/r5g!n critical m9]al supply *a9s1      
/rategic infra/ructure1 & m>ket-bas$    
economic integration1 :ile also support+

 pov]ty r$uction & su/a9able economic   
gr[?4  4  #e4 ,critical ,m9]als ,task   
,=ce ,section #fjd ( ! ,mill5nium       
,*all5ge ,act ( #bjjc 7#bb ,u4,s4,c4    
#ggjc7 is am5d$ by add+ at ! end !      
foll[+3  7d7 ,critical ,m9]als ,task    
,=ce  7#a7 ,e/abli%m5t ,! ,bo>d (       
,directors %all e/abli% 9 ! ,corporation
 a ,critical ,m9]als ,task ,=ce 79 ?is  
subsection ref]r$ to z ! ,task ,=ce74   
7#b7 ,duties ,! ,task ,=ce %all--  7,a7 
assess global & regional critical m9]al 
supply *a9 vuln]abilities to ,unit$     
,/ates economic & national security2    
7,b7 id5tify c&idate c\ntries 9 :i*     
,corporation engagem5t c\ld enhance     
transp>5t1 div]sifi$1 & su/a9able m9]al 
supply *a9s2  7,c7 evaluate             
infra/ructure1 regulatory1 environm5tal1
 labor1 & gov]nance con/ra9ts affect+   
m9]al developm5t & d[n/ream process+2   
7,d7 recomm5d priority policy re=ms &   
inve/m5t areas appropriate =            
,corporation assi/ance2 &  7,e7         
coord9ate1 z appropriate1 ) relevant    

,unit$ ,/ates ,gov]nm5t ag5cies1        
multilat]al in/itutions1 & private      
sector /akehold]s4  7#c7 ,rule (        
con/ruction ,no?+ 9 ?is subsection may  
be con/ru$ to au?orize ! ,corporation to
 engage 9 extractive activities or to   
subsidize m9]al production4  4  #f4     
,great ,p[] ,competition ,fact%eet      
,section #fjg ( ! ,mill5nium ,*all5ge   
,corporation ,act ( #bjjc 7#bb ,u4,s4,c4
 #ggjf7 is am5d$ by add+ at ! end !     
foll[+3  7g7 ,great ,p[] ,competition   
,fact%eet  7#a7 ,9 g5]al ,9 det]m9+     
eligible c\ntries "u ?is section1 !     
,bo>d %all assess /rategic exposure &   
resili5ce ( c&idate c\ntries to ! ,p's  
,republic ( ,*9a1 ! ,russian ,f$]ation1 
! ,islamic ,republic ( ,iran1 & o!r     
/rategic competitors ( ! ,unit$ ,/ates  
us+ ! factors describ$ 9 p>agraph 7#b74 
,! assessm5t c>ri$ out "u ?is p>agraph  
may be ref]r$ to z ! ,great ,p[]        
,competition ,fact%eet 79 ?is subsection
 ref]r$ to z ! ,,gpc ,fact%eet74  7#b7  
,factors describ$ ,! ,,gpc ,fact%eet    

%all include1 :]e data are available--  
7,a7 trade volumes1 export dep5d5cies1 &
 import reliance involv+ ! ,p's         
,republic ( ,*9a1 ! ,russian ,f$]ation1 
! ,islamic ,republic ( ,iran1 & o!r     
/rategic competitors ( ! ,unit$ ,/ates2 
7,b7 =eign direct inve/m5t1 sov]eign    
l5d+1 & /ate-own$ ent]prise activity f  
su* c\ntries2  7,c7 =eign assi/ance1    
concessional f9ance1 & debt exposure    
l9k$ to su* c\ntries2  7,d7 own]%ip1    
control1 f9anc+1 or op]ation ( /rategic 
infra/ructure1 includ+ ports1 rail1 p[] 
g5]ation1 transmission1 digital         
networks1 & data sy/ems su* c\ntries2   
7,e7 critical m9]al end[m5ts1 process+  
capacity1 export controls1 & gov]nance  
frameworks2 &  7,f7 alignm5t )          
int]national transp>5cy1 labor1         
environm5tal1 & anti-corruption /&>ds4  
7#c7 ,limitation ,! ,,gpc ,fact%eet %all
 in=m ,bo>d delib]ations b %all n       
replace o!r eligibility crit]ia "u o!r  
provisions ( law4  4  #g4 ,mill5nium    
,*all5ge ,compact ,section #fji ( !     

,mill5nium ,*all5ge ,act ( #bjjc 7#bb   
,u4,s4,c4 #ggjh7 is am5d$-- 7#a7 by     
am5d+ subsection 7j7 to read z foll[s3  
7j7 ,duration ( ,compact  7#a7 ,9 g5]al 
,! implem5tation ( a ,compact %all n    
exce$ #e ye>s4  7#b7 ,o!r matt]s ,!     
,corporation %all--  7,a7 obligate !    
entire fund+ = a ,compact ^u ! execution
 ( ! ,compact2 &  7,b7 consult ) !      
appropriate congressional committees at 
! comm5cem5t ( ! implem5tation p]iod ( a
 ,compact4  2 &  7#b7 by add+ at ! end !
 foll[+3  7m7 ,e>ly private sector      
engagem5t ,9 develop+ a ,compact "u ?is 
section or "u o!r programs develop$ "u  
section #faf1 ! ,corporation %all1 to ! 
ext5t practicable1 engage ,unit$ ,/ates 
private sector entities1 inve/ors1 &    
te*nical exp]ts dur+ ! e>ly /ages (     
project id5tification & design4 ,su*    
engagem5t %all seek to--  7#a7 improve !
 feasibility & effectiv5ess ( ,compact  
projects2  7#b7 mobilize private capital
 to supplem5t assi/ance provid$ "u ?is  
title2 &  7#c7 enhance ! long-t]m       

su/a9ability & impact ( assi/ance       
provid$ "u ?is title4  7n7 ,timely      
completion ( con/ra9t analysis & due    
dilig5ce  7#a7 ,9 g5]al ,! ,corporation 
%all use be/ ef=ts to comm5ce           
implem5tation ( ! program by ensur+ t   
all requir$ con/ra9t analyses1          
feasibility /udies1 environm5tal        
assessm5ts1 economic analyses1 & o!r =ms
 ( due dilig5ce necess>y = project      
comm5cem5t are conduct$ 9 an exp$iti\s &
 effici5t mann]1 consi/5t ) !           
,corporation's policies4  7#b7          
,safegu>ds ,no?+ 9 ?is subsection may be
 con/ru$ to au?orize ! circumv5tion (   
any requirem5ts = a ,compact describ$ 9 
subsection 7b77#a74  7#c7 ,bo>d ov]sight
 ,dur+ ! p]iod beg9n+ on :i* a ,compact 
or an agreem5t "u section #faf is ent]$ 
into & end+ on ! date on :i* ! ,compact 
or agreem5t has comm5c$ implem5tation1 !
 ,corporation %all p]iodically provide a
 writt5 update to ! ,bo>d & consult ) ! 
appropriate congressional committees to 
describe--  7,a7 ! /atus ( ! program1   

includ+ ! anticipat$ date (             
implem5tation ! program w comm5ce2  7,b7
 issues t may negatively impact !       
anticipat$ date implem5tation w comm5ce 
& /eps tak5 to resolve su* issues2 &    
7,c7 any measures adopt$ ) ! int5t to   
mitigate ! issues id5tifi$ 9 subp>agraph
 7,b7 = future ,compacts or agreem5ts "u
 section #faf4  4  #h4 ,congressional & 
public notification ,section #faj7;a7 ( 
! ,mill5nium ,*all5ge ,corporation ,act 
( #bjjc 7#bb ,u4,s4,c4 #ggji7;a77 is    
am5d$-- 7#a7 by r$esignat+ p>agraph 7#d7
 z p>agraph 7#e72 &  7#b7 by ins]t+ aft]
 p>agraph 7#c7 ! foll[+3  7#d7          
,complem5t>y framework  7,a7 ,9 g5]al ,9
 addition to a report describ+ !        
economic rate ( return ( ! ,compact z   
requir$ "u p>agraph 7#c77;,a71 !        
,corporation %all develop & include 9 ! 
report a complem5t>y framework to assess
 b5efits accru+ to ! ,unit$ ,/ates "u ! 
,compact4  7,b7 ,matt]s to be includ$   
,su* complem5t>y framework may include--
 7i7 div]sification & resili5ce (       

critical supply *a9s & inputs to ,unit$ 
,/ates productive activities2  7ii7     
increas$ p>ticipation ( ,unit$ ,/ates   
companies & inve/ors2  7iii7 actions to 
r$uce recipi5t c\ntry exposure to       
/rategic competitors2  7iv7 export (    
goods & s]vices f ! ,unit$ ,/ates2 &    
7v7 /r5g!n$ diplomatic & economic       
p>tn]%ips4  4