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To provide for a limitation on availability of funds for Contribution to the Clean Technology Fund for fiscal year 2024.

12/12/2023, 5:45 PM

Summary of Bill HR 2358

Bill 118 hr 2358, titled "To provide for a limitation on availability of funds for Contribution to the Clean Technology Fund for fiscal year 2024," aims to restrict the amount of funds that can be allocated towards the Clean Technology Fund in the fiscal year 2024. The Clean Technology Fund is a global fund that supports projects and initiatives aimed at promoting clean and sustainable technologies to address climate change and environmental issues.

The bill proposes a limitation on the availability of funds for contributions to the Clean Technology Fund, meaning that there will be a cap on the amount of money that the United States can contribute to the fund in the fiscal year 2024. This limitation is intended to control spending and ensure that taxpayer dollars are being used efficiently and effectively.

The bill does not specify the exact amount of the limitation or provide detailed information on how it will be implemented. However, it signals a shift in priorities towards potentially reducing funding for international climate initiatives in favor of other domestic priorities. Overall, Bill 118 hr 2358 reflects ongoing debates and discussions surrounding the allocation of funds for global climate initiatives and the balance between international cooperation and domestic needs. It will be important to monitor the progress of this bill as it moves through the legislative process to see how it may impact US contributions to the Clean Technology Fund and broader efforts to address climate change.

Congressional Summary of HR 2358

This bill specifies that no FY2024 funding is authorized to be appropriated or made available for the Contribution to the Clean Technology Fund account.

Current Status of Bill HR 2358

Bill HR 2358 is currently in the status of Bill Introduced since March 29, 2023. Bill HR 2358 was introduced during Congress 118 and was introduced to the House on March 29, 2023.  Bill HR 2358's most recent activity was Referred to the House Committee on Financial Services. as of March 29, 2023

Bipartisan Support of Bill HR 2358

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
10
Democrat Cosponsors
0
Republican Cosponsors
10
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2358

Primary Policy Focus

International Affairs

Comments

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