Browse Arkansas Code titles and sections

22 U.S.C. § 7703 — Establishment and management of the Millennium Challenge Corporation

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 7703 — Establishment and management of the Millennium Challenge Corporation

Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 7703

Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.

Original supplied file — preserved unchanged

Download original Markdown file

File SHA-256: da465e506836ec696ed80832e369a61607544d9b1c46f68664bf53bce05c58ee. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.

Authority boundary: historical or unconfirmed source not current law verified.

Open the recorded source website ↗

Record provenance

Stable record: federal_law:legal_authorities:record_usc_d5a13d0ede7498028cc7a23e
Source file: Laws/federal/codes/united-states-code/title-22/section-7703-establishment-and-management-of-the-millennium-challenge-corporation--d301c5246a.md
Pages: Not recorded – Not recorded
Passage SHA-256: dd06486e03336a159a613da4877ae520257250b532f508ade1b4aef02d6c3323

Source location: Title 22, Chapter 84, § 7703; chapter-084-millennium-challenge.md

Stored source content

**(a) Establishment** There is established in the executive branch a corporation to be known as the “Millennium Challenge Corporation” that shall be responsible for carrying out this chapter. The Corporation shall be a government corporation, as defined in [section 103 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section103&num=0&edition=prelim). **(b) Chief Executive Officer** (1) **In general** — There shall be in the Corporation a Chief Executive Officer who shall be responsible for the management of the Corporation. (2) **Appointment** (A) *In general* — Except as provided in subparagraph (B), the Chief Executive Officer shall be appointed by the President, by and with the advice and consent of the Senate. (B) *Interim CEO* — The members of the Board of Directors described in subsection (c)(3)(A) may designate by unanimous consent in writing an individual who is an officer within any Federal department or agency (and who has been appointed to such position by the President, by and with the advice and consent of the Senate) to carry out the duties described in this subsection until the Chief Executive Officer is appointed pursuant to subparagraph (A). (3) **Relationship to Board** — The Chief Executive Officer shall report to and be under the direct authority of the Board. (4) **Compensation and rank** (A) *In general* — The Chief Executive Officer shall be compensated at the rate provided for level II of the Executive Schedule under [section 5313 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5313&num=0&edition=prelim) and shall have the equivalent rank of Deputy Secretary. (B) *Omitted* (5) **Authorities and duties** — The Chief Executive Officer shall be responsible for the management of the Corporation and shall exercise the powers and discharge the duties of the Corporation. (6) **Authority to appoint officers** — In consultation and with approval of the Board, the Chief Executive Officer shall appoint all officers of the Corporation. **(c) Board of Directors** (1) **Establishment** — There shall be in the Corporation a Board of Directors. (2) **Duties** — The Board shall perform the functions specified to be carried out by the Board in this chapter and may prescribe, amend, and repeal bylaws, rules, regulations, and procedures governing the manner in which the business of the Corporation may be conducted and in which the powers granted to it by law may be exercised. (3) **Membership** — The Board shall consist of— (A) the Secretary of State, the Secretary of the Treasury, the Administrator of the United States Agency for International Development, the Chief Executive Officer of the Corporation, and the United States Trade Representative; and (B) four other individuals with relevant international experience who shall be appointed by the President, by and with the advice and consent of the Senate, of which— (i) one individual should be appointed from among a list of individuals submitted by the majority leader of the House of Representatives; (ii) one individual should be appointed from among a list of individuals submitted by the minority leader of the House of Representatives; (iii) one individual should be appointed from among a list of individuals submitted by the majority leader of the Senate; and (iv) one individual should be appointed from among a list of individuals submitted by the minority leader of the Senate. (4) **Terms** (A) *Officers of the Federal Government* — Each member of the Board described in paragraph (3)(A) shall serve for a term that is concurrent with the term of service of the individual’s position as an officer within the other Federal department or agency. (B) *Other members* — Each member of the Board described in paragraph (3)(B)— (i) shall be appointed for a term of 3 years; (ii) may be reappointed for a term of an additional 2 years; and (iii) may continue to serve in each such appointment until the earlier of— (I) the date on which his or her successor is appointed; or (II) the date that is 1 year after the expiration of his or her appointment or reappointment, as the case may be. (C) *Vacancies* — A vacancy in the Board shall be filled in the manner in which the original appointment was made. (5) **Chairperson** — There shall be a Chairperson of the Board. The Secretary of State shall serve as the Chairperson. (6) **Quorum** — A majority of the members of the Board shall constitute a quorum, which, except with respect to a meeting of the Board during the 135-day period beginning on January 23, 2004, shall include at least one member of the Board described in paragraph (3)(B). (7) **Meetings** — The Board shall meet at the call of the Chairperson. (8) **Compensation** (A) *Officers of the Federal Government* (i) *In general* — A member of the Board described in paragraph (3)(A) may not receive additional pay, allowances, or benefits by reason of the member’s service on the Board. (ii) *Travel expenses* — Each such member of the Board shall receive travel expenses, including per diem in lieu of subsistence, in accordance with applicable provisions under subchapter I of chapter 57 of title 5. (B) *Other members* (i) *In general* — Except as provided in clause (ii), a member of the Board described in paragraph (3)(B)— (I) shall be paid compensation out of funds made available for the purposes of this chapter at the daily equivalent of the highest rate payable under [section 5332 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5332&num=0&edition=prelim) for each day (including travel time) during which the member is engaged in the actual performance of duties as a member of the Board; and (II) while away from the member’s home or regular place of business on necessary travel in the actual performance of duties as a member of the Board, shall be paid per diem, travel, and transportation expenses in the same manner as is provided under subchapter I of chapter 57 of title 5. (ii) *Limitation* — A member of the Board may not be paid compensation under clause (i)(II) for more than 90 days in any calendar year.

Cross-references

Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 7701 — Purposes

The purposes of this chapter are— (1) to provide United States assistance for global development through the Millennium Challenge Corporation, as described in [section 7703 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section7703&num=0&edition=prelim); and (2) to provide such assistance in a manner that promotes economic growth and the elimination of extreme poverty and strengthens good governance, economic freedom, and investments in people.

Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 7701

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

5 U.S.C. § 5313 — Positions at level II

Level II of the Executive Schedule applies to the following positions, for which the annual rate of basic pay shall be the rate determined with respect to such level under chapter 11 of title 2, as adjusted by [section 5318 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5318&num=0&edition=prelim):

Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 5313

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

5 U.S.C. § 103 — Government corporation

For the purpose of this title— (1) “Government corporation” means a corporation owned or controlled by the Government of the United States; and (2) “Government controlled corporation” does not include a corporation owned by the Government of the United States.

Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 103

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

5 U.S.C. § 5332 — The General Schedule

**(a)** (1) The General Schedule, the symbol for which is “GS”, is the basic pay schedule for positions to which this subchapter applies. Each employee to whom this subchapter applies is entitled to basic pay in accordance with the General Schedule. (2) The General Schedule is a schedule of annual rates of basic pay, consisting of 15 grades, designated “GS–1” through “GS–15”, consecutively, with 10 rates of pay for each such grade. The rates of pay of the General Schedule are adjusted in accordance with section 5303. **(b)** When payment is made on the basis of an hourly, daily, weekly, or biweekly rate, the rate is computed from the appropriate annual rate of basic pay named by subsection (a) of this section in accordance with the rules prescribed by [section 5504(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5504/b&num=0&edition=prelim).

Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 5332

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 7703 — Establishment and management of the

Page 1998 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 7702 Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this title’’, meaning title VI of Pub. L. 108–199, div. D, Jan. 23, 2004, 118 Stat. 211, which is classified generally to this chapter. For complete classification of this title to the Code, see Short Title note set out below and Ta- bles. Statutory Notes and Related Subsidiaries SHORT TITLE OF 2024 AMENDMENT Pub. L. 118–159, div. E, title LI, § 5122(a), Dec. 23, 2024, 138 Stat. 2430, provided that: ‘‘This section [amending sections 7705 to 7708, 7712, and 7715 of this title] may be cited as the ‘Millennium Challenge Corporation Can- didate Country Reform Act’.’’ SHORT TITLE Pub. L. 108–199, div. D, title VI, § 601, Jan. 23, 2004, 118 Stat. 211, provided that: ‘‘This title [enacting this chap- ter and amending section 5313 of Title 5, Government Organizations and Employees, and section 9101 of Title 31, Money and Finance] may be cited as the ‘Millen- nium Challenge Act of 2003’.’’ § 7702. Definitions In this chapter: (1) Appropriate congressional committees The term ‘‘appropriate congressional com- mittees’’ 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 Direc- tors of the Corporation established pursuant to section 7703(c) of this title. (3) Candidate country The term ‘‘candidate country’’ means a country that meets the requirements of sec- tion 7705 of this title. (4) Chief Executive Officer The term ‘‘Chief Executive Officer’’ means the chief executive officer of the Corpor

Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 7703

Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.