1. Short title This Act may be cited as the Native American Millennium Challenge Demonstration Act . 2. Purposes The purposes of this Act are— (1) to adapt the lessons of foreign aid to underdeveloped economies, such as the experience of the Millennium Challenge Corporation, to the provision of Federal economic development assistance to similarly situated remote Native American communities; (2) to provide Federal economic development assistance for Native American communities through the Native American Challenge Demonstration Project; (3) to administer Federal economic development assistance in a manner that— (A) promotes economic growth and the elimination of poverty; (B) strengthens good governance, entrepreneurship, and investment in Native American communities; and (C) builds the capacity of Native people to grow sustainable local economies; (4) to improve the effectiveness of Federal economic development assistance by encouraging the integration and coordination of the assistance in remote Native American communities; (5) to promote sustainable economic growth and poverty reduction policies in remote Native American communities in a manner that promotes self-determination and self-sufficiency among remote Native American communities while preserving the cultural values of those communities; and (6) to establish a demonstration project within remote areas of noncontiguous States that experience high levels of poverty and lack access to traditional transportation infrastructure (highways, railways, and ports), which, if successful, could potentially benefit other Native American communities in the United States. 3. Definitions In this Act: (1) Compact The term compact means a binding agreement with the United States entered into pursuant to this Act. (2) Economic development strategy The term economic development strategy means a strategy— (A) written by an eligible entity and designed to achieve sustainable economic growth and reduce poverty over a defined period