Today Senator Dodd introduced the Peace Corps Improvement and Expansion Act of 2009. (S.1382)
The bill promises to combine a reform and growth strategy for the Peace Corps; increase funding in order to achieve the goal of doubling the size of a reformed, streamlined and more effective Peace Corps; and requires the Peace Corps to engage in a strategic assessment of all aspects of its current operations, from volunteer recruiting, training and management, to the distribution of volunteers throughout the world. Based on this assessment, the Peace Corps is required to create a one-year and five-year strategic plan in order to reform, modernize and grow the agency.*
Here is his introductory speech:
The videos also provide an interesting history on the creation of the Peace Corps.
*Source: Sen. Dodd's senate page.