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Limiting Economic Aid Funds for Europe and Asia in 2024

This bill aims to cap U.S. government spending on economic assistance to countries in Europe, Eurasia, and Central Asia for the 2024 fiscal year. This means less taxpayer money will be allocated to economic support for these regions, potentially impacting international relations and development projects.
Key points
The bill limits the maximum amount for economic assistance to Europe, Eurasia, and Central Asia to $500 million in 2024.
This change may affect the scope and number of U.S.-funded economic development programs in these regions.
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Additional Information
Print number: 118_HR_2343
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To provide for a limitation on availability of funds for Bilaterial Economic Assistance, Assistance for Europe, Eurasia, and Central Asia for fiscal year 2024.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2343.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • The bill limits the maximum amount for economic assistance to Europe, Eurasia, and Central Asia to $500 million in 2024.
  • This change may affect the scope and number of U.S.-funded economic development programs in these regions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Biggs, Andy [R-AZ-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Public Investments