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Limiting Economic Aid Funds for Other Countries in 2024.

This bill aims to cap the amount of money the U.S. government can spend on economic assistance to other countries in fiscal year 2024. This means fewer funds from the national budget will be allocated to economic support abroad, potentially impacting public spending priorities and international relations.
Key points
Sets a maximum of $2,545,525,000 for economic assistance to other countries in 2024.
Could lead to reallocation of funds to domestic priorities or reduced involvement in international support programs.
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Additional Information
To provide for a limitation on availability of funds for Bilaterial Economic Assistance, Economic Support Fund for fiscal year 2024.
Print number: HR 2341
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29