$50 million in FY10 funding for MCC rescinded

This type of legislation could be a signal of times to come. Cash strapped US may divert international development funding to Domestic programs.

$50 million in FY 2010 funding for the Millennium Challenge Corporation (MCC) was rescinded in order to provide funding for education and Medicaid as part of the amended bill H.R. 1586 (FAA Air Transportation Modernization and Safety Improvement Act; Public Law #111-226).

Text from HR 1586 Found Here
SEC. 328. (a) MILLENNIUM CHALLENGE CORPORATION.—Of the
unobligated balances available under the heading ‘‘Millennium
Challenge Corporation’’ in title III of division H of Public Law
111–8 and under such heading in prior Acts making appropriations
for the Department of State, foreign operations, and related programs,
$50,000,000 are rescinded.
(b) CIVILIAN STABILIZATION INITIATIVE.—
(1) DEPARTMENT OF STATE.—Of the unobligated balances
available under the heading ‘‘Department of State—Administration
of Foreign Affairs—Civilian Stabilization Initiative’’ in
prior Acts making appropriations for the Department of State,
foreign operations, and related programs, $40,000,000 are
rescinded.
(2) UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT.—
Of the unobligated balances available under the
heading ‘‘United States Agency for International Development—
Funds Appropriated to the President—Civilian Stabilization
Initiative’’ in prior Acts making appropriations for
the Department of State, foreign operations, and related programs,
$30,000,000 are rescinded.