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To provide for a limitation on availability of funds for the Millennium Challenge Corporation for fiscal year 2024.

12/15/2023, 3:56 PM

Summary of Bill HR 2347

Bill 118 hr 2347, also known as the "Limitation on Availability of Funds for the Millennium Challenge Corporation for Fiscal Year 2024," aims to restrict the amount of funds that can be allocated to the Millennium Challenge Corporation (MCC) for the fiscal year 2024. The MCC is an independent U.S. foreign aid agency that provides assistance to developing countries to promote economic growth and poverty reduction.

The bill proposes a limitation on the availability of funds for the MCC, meaning that there will be a cap on the amount of money that can be spent on MCC programs and initiatives in the fiscal year 2024. This limitation is intended to ensure that taxpayer dollars are being used efficiently and effectively, and to hold the MCC accountable for how it allocates its funds.

The specifics of the limitation on funds are not provided in the summary, but it is clear that the bill seeks to impose some level of control over the budget of the MCC for the upcoming fiscal year. It is important to note that this bill does not seek to eliminate funding for the MCC altogether, but rather to place restrictions on how much money can be spent. Overall, Bill 118 hr 2347 is a measure aimed at ensuring responsible use of taxpayer dollars in foreign aid programs, specifically targeting the MCC for fiscal year 2024.

Congressional Summary of HR 2347

This bill specifies that no FY2024 funding is authorized to be appropriated or made available for the Millennium Challenge Corporation.

Current Status of Bill HR 2347

Bill HR 2347 is currently in the status of Bill Introduced since March 29, 2023. Bill HR 2347 was introduced during Congress 118 and was introduced to the House on March 29, 2023.  Bill HR 2347's most recent activity was Referred to the House Committee on Foreign Affairs. as of March 29, 2023

Bipartisan Support of Bill HR 2347

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 2347

Primary Policy Focus

International Affairs

Alternate Title(s) of Bill HR 2347

To provide for a limitation on availability of funds for the Millennium Challenge Corporation for fiscal year 2024.
To provide for a limitation on availability of funds for the Millennium Challenge Corporation for fiscal year 2024.

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