To provide for a limitation on availability of funds for Bilaterial Economic Assistance, Development Assistance for fiscal year 2024.
Source: Congress.gov ·
222 words in original text
What This Bill Does
This bill sets a spending cap on Bilateral Economic Assistance and Development Assistance (money the U.S. government gives to other countries for economic and development purposes) for fiscal year 2024. The bill limits how much money can be used for these types of foreign aid programs.
Who It Affects
Federal agencies that manage Bilateral Economic Assistance and Development Assistance programs are directly affected by this spending limit.
Key Provisions
• Bilateral Economic Assistance and Development Assistance funds for fiscal year 2024 cannot exceed $3,000,000,000 (three billion dollars). (Sec. 1)
What Changes
If this bill becomes law, the total amount of money available for Bilateral Economic Assistance and Development Assistance in fiscal year 2024 would be capped at $3,000,000,000, regardless of any other law that might authorize higher spending.
Important Definitions
The bill does not explicitly define "Bilateral Economic Assistance" or "Development Assistance."
Important: This plain English summary was generated by AI and is provided for informational purposes only.
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