JULY 14, 2003
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on June 12, 2003] 
A BILL 
To establish the Millennium Challenge Account to provide 
increased support for developing countries that have fos-
tered democracy and the rule of law, invested in their 
citizens, and promoted economic freedom; to assess the 
impact and effectiveness of United States economic as-
sistance; to authorize the expansion of the Peace Corps, 
and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the ‘‘Mil-
lennium Challenge Account Authorization and Peace Corps 
Expansion Act of 2003’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows:
Sec. 1. Short title; table of contents. 
DIVISION A—MILLENNIUM CHALLENGE ACCOUNT 
TITLE I—GENERAL PROVISIONS 
Sec. 101. Definitions. 
Sec. 102. Sunset. 
TITLE II—MILLENNIUM CHALLENGE ASSISTANCE 
Sec. 201. Findings; statement of policy. 
Sec. 202. Authorization of assistance.
Sec. 203. Eligibility and related requirements. 
Sec. 204. Millennium Challenge Compact. 
Sec. 205. Suspension and termination of assistance. 
Sec. 206. Annual report. 
Sec. 207. Participation of certain United States businesses. 
Sec. 208. Authorization of appropriations; related authorities. 
TITLE III—MILLENNIUM CHALLENGE CORPORATION 
Sec. 301. Millennium Challenge Corporation. 
Sec. 302. Chief Executive Officer. 
Sec. 303. Board of Directors. 
Sec. 304. Interagency coordination. 
Sec. 305. Powers of the Corporation; related provisions. 
Sec. 306. Transparency and accountability of the Corporation. 
Sec. 307. Detail of personnel to the Corporation; other authorities and limita-
tions. 
Sec. 308. Millennium Challenge Advisory Council. 
Sec. 309. Millennium Challenge seed grants. 
TITLE IV—PROVISIONS RELATING TO UNITED STATES ECONOMIC 
ASSISTANCE 
Sec. 401. Definition. 
Sec. 402. Framework for assistance. 
Sec. 403. Report relating to impact and effectiveness of assistance. 
DIVISION B—REAUTHORIZATION AND EXPANSION OF THE PEACE 
CORPS 
TITLE X—GENERAL PROVISIONS 
Sec. 1001. Definitions. 
Sec. 1002. Findings. 
TITLE XI—AMENDMENTS TO PEACE CORPS ACT; RELATED 
PROVISIONS 
Sec. 1101. Advancing the goals of the Peace Corps. 
Sec. 1102. Reports and consultations. 
Sec. 1103. Special volunteer recruitment and placement for certain countries. 
Sec. 1104. Global Infectious Diseases Initiative; coordination of HIV/AIDS ac-
tivities. 
Sec. 1105. Peace Corps National Advisory Council. 
Sec. 1106. Readjustment allowances. 
Sec. 1107. Programs and projects of returned Peace Corps volunteers and former 
staff. 
Sec. 1108. Declaration of policy. 
Sec. 1109. Peace Corps in Sierra Leone. 
Sec. 1110. Authorization of appropriations.
DIVISION A—MILLENNIUM 
CHALLENGE ACCOUNT 
TITLE I—GENERAL PROVISIONS 
SEC. 101. DEFINITIONS. 
In this division: 
(1) 
APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional commit-
tees’’ means—
(A) the Committee on International Rela-
tions and the Committee on Appropriations of 
the House of Representatives; and
(B) the Committee on Foreign Relations 
and the Committee on Appropriations of the 
Senate. 
(2) BOARD.—The term ‘‘Board’’ means the 
Board of Directors of the Corporation established pur-
suant to section 303 of this Act. 
(3) COMPACT.—The term ‘‘Compact’’ means the 
Millennium Challenge Compact described in section 
204 of this Act. 
(4) CORPORATION.—The term ‘‘Corporation’’ 
means the Millennium Challenge Corporation estab-
lished under section 301 of this Act.
(5) COUNCIL.—The term ‘‘Council’’ means the 
Millennium Challenge Advisory Council established 
under section 308 of this Act. 
(6) MILLENNIUM
DEVELOPMENT
GOALS.—The 
term ‘‘Millennium Development Goals’’ means the key 
objectives described in the United Nations Millennium 
Declaration, as contained in United Nations General 
Assembly Resolution 55/2 (September 2000), which 
aim to eradicate extreme poverty and hunger, achieve 
universal primary education, promote gender equality 
and empower women, reduce child mortality, improve 
maternal health, combat HIV/AIDS, malaria, and 
other infectious diseases, ensure environmental sus-
tainability, and develop a global partnership for de-
velopment. 
SEC. 102. SUNSET. 
All authorities under this division (other than title IV) 
shall terminate on October 1, 2007. 
TITLE II—MILLENNIUM 
CHALLENGE ASSISTANCE 
SEC. 201. FINDINGS; STATEMENT OF POLICY. 
(a) FINDINGS.—Congress finds the following: 
(1) A principal objective of United States foreign 
assistance programs, as stated in section 101 of the 
Foreign Assistance Act of 1961, is the ‘‘encouragement
and sustained support of the people of developing 
countries in their efforts to acquire the knowledge and 
resources essential to development and to build the 
economic, political, and social institutions which will 
improve the quality of their lives’’. 
(2) The expanding acceptance of free trade and 
open markets and the spread of democracy and the 
rule of law have brought a better way of life to an 
increasing number of people in the world. 
(3) Inequalities between men and women under-
mine development and poverty-reduction efforts in 
fundamental ways. A woman’s limited access to re-
sources and restrictions on the exercise of her rights, 
including the right to participate in social and polit-
ical processes, disables her from maximizing her con-
tribution to her family’s health, education, and gen-
eral well-being. 
(4) On March 14, 2002, the President noted the 
successes of development assistance programs: ‘‘The 
advances of free markets and trade and democracy 
and rule of law have brought prosperity to an ever-
widening circle of people in this world. During our 
lifetime, per capita income in the poorest countries 
has nearly doubled. Illiteracy has been cut by one-
third, giving more children a chance to learn. Infant