118 STAT. 212 PUBLIC LAW 108–199—JAN. 23, 2004 (4) CHIEF EXECUTIVE OFFICER.—The term ‘‘Chief Executive Officer’’ means the chief executive officer of the Corporation appointed pursuant to section 604(b). (5) COMPACT.—The term ‘‘Compact’’ means a Millennium Challenge Compact described in section 609. (6) CORPORATION.—The term ‘‘Corporation’’ means the Millennium Challenge Corporation established by section 604(a). (7) ELIGIBLE COUNTRY.—The term ‘‘eligible country’’ means a candidate country that is determined, under section 607, to be an eligible country to receive assistance under section 605. SEC. 604. ESTABLISHMENT AND MANAGEMENT OF THE MILLENNIUM CHALLENGE CORPORATION. (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 title. The Corporation shall be a government corporation, as defined in section 103 of title 5, United States Code. (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 Direc tors 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, United States Code, and shall have the equivalent rank of Deputy Secretary. (B) AMENDMENT.—Section 5313 of title 5, United States Code, is amended by adding at the end the following: ‘‘Chief Executive Officer, Millennium Challenge Corpora tion.’’. (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. President. 22 USC 7703.
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