To provide for a limitation on availability of funds for Bilaterial Economic Assistance, International Disaster Assistance for fiscal year 2024.
Source: Congress.gov ·
229 words in original text
What This Bill Does
This bill limits how much money can be spent on two types of foreign aid in fiscal year 2024. The bill caps the total available funds for Bilateral Economic Assistance (aid given directly to other countries to help their economies) and International Disaster Assistance (aid sent to help other countries during disasters).
Who It Affects
Federal government agencies that manage foreign aid programs are directly affected by this spending cap.
Key Provisions
• The total amount of money available for Bilateral Economic Assistance and International Disaster Assistance in fiscal year 2024 cannot exceed $3,801,034,000 (Sec. 1).
What Changes
If this bill becomes law, federal agencies would have a specific spending limit for these two foreign aid categories in fiscal year 2024. They would not be able to spend more than the amount stated in the bill, regardless of any other laws that might allow spending.
Important Definitions
None defined in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
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