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Code · BILL · 114th Congress · H.R. 2571 (Introduced in House) — To amend the Millennium Challenge Act of 2003 to authorize concurrent compacts for purposes of regional economic inte... · Sec. 5

Sec. 5. Congressional and public notification

233 words·~1 min read·/bill/114/hr/2571/ih/section-5

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Section 610 of the Millennium Challenge Act of 2003 ( 22 U.S.C. 7709 ) is amended to read as follows: The Board, acting through the Chief Executive Officer, shall consult with and notify the appropriate congressional committees not later than 15 days prior to taking any of the actions described in paragraph (2). The actions described in this paragraph are the following: Providing assistance for an eligible country under section 609(g). Commencing negotiations with an eligible country to provide assistance for— a Compact under section 605; or an agreement under section 616.
Signing such a Compact or agreement. Terminating assistance under such a Compact or agreement. Any notification relating to the intent to negotiate and intent to sign a Compact or agreement shall include the projected economic rate of return for each project to be funded under such a Compact or agreement to the extent practicable and appropriate. Not later than 10 days after entering into a Compact with an eligible country, the Board, acting through the Chief Executive Officer, shall— publish a copy of the text of the Compact on the Internet website of the Corporation; provide a detailed summary and, upon request, copy of the text of the Compact to the appropriate congressional committees; and publish in the Federal Register a detailed summary and notice of availability of the text of the Compact on the Internet website of the Corporation. .
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Congressional and public notification
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