To provide for a limitation on availability of funds for Bilaterial Economic Assistance, Assistance for Europe, Eurasia, and Central Asia for fiscal year 2024.
Source: Congress.gov ·
243 words in original text
What This Bill Does
This bill puts a cap on how much money can be spent on certain types of foreign aid in 2024. It limits the total amount available for bilateral economic assistance (aid given directly from the United States to other countries) and assistance programs for Europe, Eurasia, and Central Asia.
Who It Affects
Federal agencies that distribute foreign aid in these regions would be affected by this spending limit.
Key Provisions
* The total amount of money available for Bilateral Economic Assistance and Assistance for Europe, Eurasia, and Central Asia in fiscal year 2024 cannot exceed $500,000,000 (Sec. 1)
What Changes
If this bill becomes law, spending on bilateral economic assistance and assistance for Europe, Eurasia, and Central Asia would be limited to a maximum of $500,000,000 for fiscal year 2024, regardless of other laws that might authorize higher amounts.
Important Definitions
None defined in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
or a qualified attorney for legal matters.