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To provide for a limitation on availability of funds for U.S. Agency for International Development, Capital Investment Fund for fiscal year 2024.

12/11/2023, 9:15 PM

Summary of Bill HR 2332

Bill 118 hr 2332, also known as the "Limitation on Availability of Funds for U.S. Agency for International Development, Capital Investment Fund for Fiscal Year 2024," aims to restrict the amount of funds that can be allocated to the U.S. Agency for International Development's Capital Investment Fund for the fiscal year 2024. The Capital Investment Fund is used by USAID to support infrastructure projects and other capital investments in developing countries.

The bill proposes a limitation on the availability of funds for the Capital Investment Fund, which means that there will be a cap on the amount of money that can be spent on these projects. This limitation is intended to ensure that taxpayer dollars are being used efficiently and effectively, and to prevent any potential misuse or waste of funds.

By imposing this limitation, the bill seeks to promote greater accountability and oversight of USAID's capital investments, and to ensure that the agency is prioritizing projects that have the greatest impact and benefit for the countries receiving assistance. This measure is part of ongoing efforts to improve the effectiveness and efficiency of U.S. foreign aid programs. Overall, Bill 118 hr 2332 represents a step towards ensuring that U.S. foreign aid funds are being used responsibly and in a manner that maximizes their impact on the ground. It reflects a commitment to good governance and fiscal responsibility in the allocation of taxpayer dollars for international development projects.

Current Status of Bill HR 2332

Bill HR 2332 is currently in the status of Bill Introduced since March 29, 2023. Bill HR 2332 was introduced during Congress 118 and was introduced to the House on March 29, 2023.  Bill HR 2332's most recent activity was Referred to the House Committee on Foreign Affairs. as of March 29, 2023

Bipartisan Support of Bill HR 2332

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2332

Primary Policy Focus

International Affairs

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