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To provide for a limitation on availability of funds for Contribution to the African Development Bank for fiscal year 2024.

12/12/2023, 6:00 PM

Summary of Bill HR 2362

Bill 118 hr 2362, titled "To provide for a limitation on availability of funds for Contribution to the African Development Bank for fiscal year 2024," aims to restrict the amount of funds that can be allocated towards contributions to the African Development Bank for the fiscal year 2024. The bill sets a specific limit on the funds that can be used for this purpose, potentially impacting the level of financial support the United States provides to the African Development Bank.

The bill does not provide specific details on the reasoning behind the limitation on funds for the African Development Bank, but it suggests that there may be concerns about the amount of financial resources being allocated to this institution. It is important to note that the African Development Bank plays a crucial role in providing financial assistance and support for development projects in African countries, so any limitations on funding could have significant implications for the bank's ability to carry out its mission effectively.

Overall, Bill 118 hr 2362 seeks to impose restrictions on the availability of funds for contributions to the African Development Bank for the fiscal year 2024. The specific impact of this limitation on the bank's operations and the broader implications for development efforts in Africa remain to be seen.

Congressional Summary of HR 2362

This bill specifies that no FY2024 funding is authorized to be appropriated or made available for the Contribution to the African Development Bank account.

Current Status of Bill HR 2362

Bill HR 2362 is currently in the status of Bill Introduced since March 29, 2023. Bill HR 2362 was introduced during Congress 118 and was introduced to the House on March 29, 2023.  Bill HR 2362's most recent activity was Referred to the House Committee on Financial Services. as of March 29, 2023

Bipartisan Support of Bill HR 2362

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 2362

Primary Policy Focus

International Affairs

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