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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
To provide for a limitation on availability of funds for Bilaterial Economic Assistance, Assistance for Europe, Eurasia, and Central Asia for fiscal year 2024.
Print number: HR 2343
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29