SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Millennium 
Challenge Reauthorization Act of 2006''.
    (b) Table of Contents.--The table of contents of this Act is as 
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Purposes.
Sec. 3. Establishment and management of Millennium Challenge 
                            Corporation.
Sec. 4. Authorization of assistance.
Sec. 5. Millennium Challenge Compact.
Sec. 6. Congressional and public notification of Compact.
Sec. 7. Annual report.
Sec. 8. Powers of the Corporation; related provisions.
Sec. 9. Assistance to certain candidate countries.
Sec. 10. Authorization of appropriations.

SEC. 2. PURPOSES.

    Section 602(2) of the Millennium Challenge Act of 2003 (22 U.S.C. 
7701(2)) is amended by striking ``economic growth'' and all that 
follows and inserting the following: ``the reduction of poverty through 
sustainable, broad-based economic growth, including by strengthening 
good governance, promoting economic opportunities, and investing in 
people, as needed.''.

SEC. 3. ESTABLISHMENT AND MANAGEMENT OF MILLENNIUM CHALLENGE 
              CORPORATION.

    Section 604(b)(2) of the Millennium Challenge Act of 2003 (22 
U.S.C. 7703(b)(2)) is amended--
            (1) by striking ``Appointment'' and all that follows 
        through ``the Chief Executive Officer shall be appointed'' and 
        inserting the following: ``Appointment.--The Chief Executive 
        Officer shall be appointed''; and
            (2) by striking subparagraph (B).

SEC. 4. AUTHORIZATION OF ASSISTANCE.

    (a) Assistance.--Section 605(a) of the Millennium Challenge Act of 
2003 (22 U.S.C. 7704(a)) is amended by striking ``in achieving lasting 
economic growth and poverty reduction'' and inserting ``in reducing 
poverty through sustainable, broad-based economic growth, including by 
strengthening good governance, promoting economic opportunities, and 
investing in people, as needed,''.
    (b) Limitations.--Section 605(e)(4) of the Millennium Challenge Act 
of 2003 (22 U.S.C. 7704(e)(4)) is amended in the second sentence--
            (1) by striking ``eleventh and fourteenth provisos'' and 
        inserting ``eighth and twelfth provisos'';
            (2) by striking ``division E of Public Law 108-7 (117 Stat. 
        162)'' and inserting ``Public Law 109-102 (119 Stat. 2174-
        2176)''; and
            (3) by striking ``2004'' and inserting ``2007''.

SEC. 5. MILLENNIUM CHALLENGE COMPACT.

    (a) Elements.--Section 609(b)(1) of the Millennium Challenge Act of 
2003 (22 U.S.C. 7708(b)(1)) is amended--
            (1) in subparagraph (D), by adding at the end before the 
        semicolon the following: ``, and an analysis of how the 
        intended beneficiaries will participate in, or be impacted by, 
        each project'';
            (2) in subparagraph (J), by striking ``and'' at the end;
            (3) in subparagraph (K), by striking the period at the end 
        and inserting ``; and'' ; and
            (4) by adding at the end the following new subparagraph:
                    ``(L) an analysis of the extent to which each 
                project carried out under the Compact will contribute 
                to reducing poverty through sustainable, broad-based 
                economic growth, including by strengthening good 
                governance, promoting economic opportunities, and 
                investing in people, as needed.''.
    (b) Local Input.--Section 609(d) of the Millennium Challenge Act of 
2003 (22 U.S.C. 7708(d)) is amended--
            (1) in paragraph (1), by striking ``and'' at the end;
            (2) by redesignating paragraph (2) as paragraph (3); and
            (3) by inserting after paragraph (1) the following new 
        paragraph:
            ``(2) consults with the national legislature of the 
        eligible country; and''.
    (c) Duration of Compact.--Section 609(j) of the Millennium 
Challenge Act of 2003 (22 U.S.C. 7708(j)) is amended--
            (1) by striking ``The duration'' and inserting the 
        following:
            ``(1) In general.--Except as provided in paragraph (2), the 
        duration''; and
            (2) by adding at the end the following new paragraph:
            ``(2) Exception.--
                    ``(A) In general.--A Compact shall not include a 
                project with a duration of more than 5 years unless the 
                Board--
                            ``(i) determines that the project cannot be 
                        completed in 5 years or less; and
                            ``(ii) approves a duration for the project 
                        of not more than 10 years.
                    ``(B) Congressional notification.--Not later than 
                15 days after the Board approves a duration for a 
                project pursuant to subparagraph (A)(ii), the Board, 
                acting through the Chief Executive Officer, shall 
                submit to the appropriate congressional committees a 
                notification of such approval, including a detailed 
                explanation for the determination and approval.''.
    (d) Concurrent and Subsequent Compacts.--Section 609 of the 
Millennium Challenge Act of 2003 (22 U.S.C. 7708) is amended--
            (1) by striking subsection (k); and
            (2) by inserting at the end the following new subsection:
    ``(k) Concurrent and Subsequent Compacts.--
            ``(1) In general.--Subject to the requirements of paragraph 
        (2), and in accordance with the requirements of this title, an 
        eligible country and the United States--
                    ``(A) may enter into and have in effect not more 
                than two Compacts at any given time under this section; 
                and
                    ``(B) may enter into subsequent Compacts after the 
                expiration of the existing Compact or Compacts.
            ``(2) Requirements.--
                    ``(A) Concurrent compacts.--An eligible country and 
                the United States may enter into a concurrent Compact 
                only if the Board determines that the country is making 
                considerable and demonstrable progress in implementing 
                the terms of its existing Compact and supplementary 
                agreements thereto.
                    ``(B) Subsequent compacts.--An eligible country and 
                the United States may enter into subsequent Compacts if 
                the Board determines that the country substantially met 
                the objectives of prior Compacts between the country 
                and the United States and supplementary agreements 
                thereto.''.
    (e) Effective Dates.--
            (1) Amendments relating to entry into compact.--The 
        amendments made by subsections (a) and (b) apply with respect 
        to Compacts entered into between the United States and an 
        eligible country under the Millennium Challenge Act of 2003 (22 
        U.S.C. 7701 et seq.) on or after October 1, 2006, or the date 
        of the enactment of this Act, whichever occurs later.
            (2) Amendments relating to duration and type of compact.--
        The amendments made by subsections (c) and (d) apply with 
        respect to Compacts entered into between the United States and 
        an eligible country under the Millennium Challenge Act of 2003 
        (22 U.S.C. 7701 et seq.) before, on, or after the date of the 
        enactment of this Act.

SEC. 6. CONGRESSIONAL AND PUBLIC NOTIFICATION OF COMPACT.

    (a) Congressional Notification Prior to Signing a Compact.--Section 
610 of the Millennium Challenge Act of 2003 (22 U.S.C. 7709(a)) is 
amended--
            (1) by redesignating subsection (b) as subsection (c); and
            (2) by inserting after subsection (a) the following new 
        subsection:
    ``(b) Congressional Notification Prior to Signing a Compact.--Not 
later than 15 days prior to signing a Compact with an eligible country, 
the Board, acting through the Chief Executive Officer, shall provide 
notification of the proposed Compact, including a detailed summary of 
the Compact and a copy of the text of the Compact, to the appropriate 
congressional committees in accordance with the procedures applicable 
to reprogramming notifications under section 634A of the Foreign 
Assistance Act of 1961.''.
    (b) Public Notification After Entering Into a Compact.--Section 
610(c) of the Millennium Challenge Act of 2003 (as redesignated by 
subsection (a)(1) of this section) is amended by striking ``Chief 
Executive Officer'' and all that follows and inserting ``Chief 
Executive Officer shall publish such detailed summary of the Compact in 
the Federal Register and shall publish such detailed summary and the 
text of the Compact (including a copy of any annexes or supplementary 
agreements thereto) on the Internet website of the Corporation.''.
    (c) Effective Date.--The amendments made by subsections (a) and (b) 
apply with respect to Compacts approved pursuant to section 609(h) of 
the Millennium Challenge Act of 2003 (22 U.S.C. 7708(h)) on or after 
the date of the enactment of this Act.

SEC. 7. ANNUAL REPORT.

    (a) Amendment.--Section 613(b) of the Millennium Challenge Act of 
2003 (22 U.S.C. 7712(b)) is amended by adding at the end the following 
new paragraphs:
            ``(6) A description of recruitment and employment of 
        members of minority groups at the Corporation, including, to 
        the maximum extent practicable, the numbers and percentages of 
        members of all minority groups who have been recruited by and 
        employed at the Corporation during the prior fiscal year.
            ``(7) A description of the extent to which the requirement 
        of section 614(h) has been met for the prior fiscal year, 
        including, to the maximum extent practicable, information on--
                    ``(A) the numbers and percentages of small, 
                minority-owned, or disadvantaged business enterprises 
                that provide goods and services that are financed with 
                funds made available under section 609(g), section 
                614(g), and section 616 during such prior fiscal year;
                    ``(B) the total number of contracts with such 
                business enterprises for such purposes during such 
                prior fiscal year;
                    ``(C) the total dollar value of such contracts; and
                    ``(D) the percentage value represented by such 
                contracts proportionate to the total value of all 
                contracts held by the Corporation that are financed 
                with funds made available under section 609(g), section 
                614(g), and section 616 during such prior fiscal 
                year.''.
    (b) Effective Date.--The amendment made by subsection (a) applies 
with respect to the report required to be submitted to Congress under 
section 613 of the Millennium Challenge Act of 2003 (22 U.S.C. 7712) 
for fiscal year 2007 and each subsequent fiscal year.

SEC. 8. POWERS OF THE CORPORATION; RELATED PROVISIONS.

    (a) Amendment.--Section 614 of the Millennium Challenge Act of 2003 
(22 U.S.C. 7713) is amended by adding at the end the following new 
subsection:
    ``(h) Participation of Certain United States Businesses.--To the 
maximum extent practicable, the President, acting through the Chief 
Executive Officer, shall ensure that United States small, minority-
owned, and disadvantaged business enterprises fully participate in the 
provision of goods and services that are financed with funds made 
available under section 609(g), subsection (g) of this section, and 
section 616.''.
    (b) Effective Date.--The amendment made by subsection (a) applies 
with respect to funds made available under the Millennium Challenge Act 
of 2003 (22 U.S.C. 7701 et seq.) for fiscal year 2007 and each 
subsequent fiscal year.

SEC. 9. ASSISTANCE TO CERTAIN CANDIDATE COUNTRIES.

    Section 616(d) of the Millennium Challenge Act of 2003 (22 U.S.C. 
7715(d)) is amended by striking ``for fiscal year 2004'' and inserting 
``for a fiscal year''.

SEC. 10. AUTHORIZATION OF APPROPRIATIONS.

    (a) Amendment.--Section 619(a) of the Millennium Challenge Act of 
2003 (22 U.S.C. 7718(a)) is amended by striking ``fiscal years 2004 and 
2005'' and inserting ``fiscal years 2007 through 2009''.
    (b) Rule of Construction.--The amendment made by subsection (a) 
shall not be construed to affect the availability of funds appropriated 
pursuant to the authorization of appropriations under section 619 of 
the Millennium Challenge Act of 2003 (22 U.S.C. 7718(a)) before the 
date of the enactment of this Act.
Millennium Challenge Reauthorization Act of 2006 - (Sec. 3) Amends the Millennium Challenge Act of 2003 to eliminate the provision allowing appointment of an interim Chief Executive Officer of the Millennium Challenge Corporation (MCC).

(Sec. 4) Extends the prohibition on funding related to abortions and involuntary sterilizations through FY2007.

(Sec. 5) Revises Millennium Challenge Compact provisions to: (1) require an analysis of how the intended beneficiaries will participate in, or be impacted by, each project, and an analysis how each project will contribute to poverty reduction; (2) provide for consultation with a country's national legislature; (3) allow Compact duration to extend beyond five years (but not beyond ten) subject to a Board determination and congressional notification; and (4) allow concurrent Compacts subject to Board determination of demonstrable progress, and subsequent Compacts subject to Board determination of substantial meeting of prior Compact objectives.

(Sec. 6) Requires the Board: (1) not later than 15 days prior to signing a Compact with an eligible country to provide the appropriate congressional committees with the text and a detailed summary of the Compact; and (2) to publish such summary in the Federal Register and make it and the text available on the Board website.

(Sec. 7) Provides that information regarding minority staffing and minority and disadvantaged representation in procurement contracts shall be included in the annual report.

(Sec. 8) Provides for minority and disadvantaged representation in the provision of MCC goods and services.

(Sec. 9) Makes the funding obligation for assistance to certain candidate countries permanent.

(Sec. 10) Authorizes appropriations through FY2009.
To reauthorize the Millennium Challenge Act of 2003, and for other purposes.