House Passes Reps. Kim, Castro Bill to Fight Global Poverty

Government and Politics

September 30, 2022

House Passes Reps. Kim, Castro Bill to Fight Global Poverty

Washington, DC – Today, the U.S. House of Representatives passed the Millennium Challenge Corporation Eligibility Expansion Act (H.R. 8463), a bipartisan bill that would expand the number of countries eligible for development partnerships with the Millennium Challenge Corporation (MCC).

H.R. 8463 was introduced by U.S. Reps. Young Kim (CA-39) and Joaquin Castro (TX-20) with House Foreign Affairs Committee Chair Gregory Meeks (NY-05) and Reps. Nicole Malliotakis (NY-11) and Chrissy Houlahan (PA-06) as original cosponsors.

“The Millennium Challenge Corporation (MCC) is critical to our global fight against poverty, especially as families around the world are hurting from rising inflation, food supply chain disruptions and increased conflict,” said Rep. Kim. “The MCC also plays an important role in giving countries an alternative to the People’s Republic of China’s Belt and Road Initiative. This bipartisan bill will give the MCC flexibility to continue fostering transparent U.S. financing options in the countries that need it most. I’m grateful to Rep. Castro for working with me on this effort and my House colleagues for supporting our mission to advance responsible, long-term solutions to global poverty and economic development.”

Click here to read more.