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H. Rept. 115-484 1 (2018-01-03)

handle is hein.congrecreports/crptxaaxf0001 and id is 1 raw text is: AUTHENTICATEO U.S. GOVERNMENT INFORMATION Gp 115TH CONGRESS REPORT 2nd Session HOUSE OF REPRESENTATIVES 115-484 AFRICAN GROWTH AND OPPORTUNITY ACT AND MILLENNIUM CHALLENGE ACT MODERNIZATION ACT JANuARY 3, 2018.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. ROYCE of California, from the Committee on Foreign Affairs, submitted the following REPORT [To accompany H.R. 3445] [Including cost estimate of the Congressional Budget Office] The Committee on Foreign Affairs, to whom was referred the bill (H.R. 3445) to enhance the transparency and accelerate the impact of programs under the African Growth and Opportunity Act and the Millennium Challenge Corporation, and for other purposes, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass. TABLE OF CONTENTS Page Sum m ary and Purpose ........................................................................................... 1 Background and Need for the Legislation ............................................................ 2 H earings ................................................................................................................... 7 Com m ittee Consideration ....................................................................................... 9 Com m ittee Oversight Findings ............................................................................... 9 New Budget Authority, Tax Expenditures, and Federal Mandates .................... 9 Congressional Budget Office Cost Estimate .......................................................... 9 D irected Rule M aking ............................................................................................. 11 Non-Duplication of Federal Program s ................................................................... 11 Perform ance Goals and Objectives ......................................................................... 11 Congressional Accountability Act ........................................................................... 11 N ew Advisory Com m ittees ...................................................................................... 12 Earm ark Identification ............................................................................................ 12 Section-by-Section Analysis .................................................................................... 12 Changes in Existing Law Made by the Bill, as Reported ..................................... 13 SUMMARY AND PURPOSE H.R. 3445, the AGOA and MCA Modernization Act, seeks to re- duce poverty, accelerate economic growth, and enable developing 79-006