Millennium Challenge Corporation Candidate Country Reform Act

This bill reforms the eligibility rules for countries seeking U.S. development aid through the Millennium Challenge Corporation (MCC). It updates the income threshold requirement to align with World Bank graduation criteria and clarifies that presidential waivers of aid restrictions (like those under the Foreign Assistance Act) do not disqualify a country from becoming a "candidate country." The Board of the MCC will now determine eligibility based on these revised rules. This directly affects low-income countries aiming to receive U.S. economic assistance via the MCC program.