This study addresses the future of the Intelligence Community in light of 21st century issues/challenges/threats. In addressing this issue, the author reviews many of the chief intelligence reform proposals or legislative activities during the early years of the U.S. intelligence service and throughout the Cold-War era, to include the turbulent mid-1970s, on into the 1990s, and concludes with a review of the recommendations from the Joint Inquiry Report and the 9/11 Commission Report leading to the Intelligence Reform and Terrorism Prevention Act of 2004. At issue is whether these ongoing schemes for reform, including the new legislation, are sufficient for the effective operation of the Community in a globalized environment.