H.R. 1123: To abolish the United States Agency for International Development, and for other purposes.

This bill proposes to abolish the United States Agency for International Development (USAID), which is responsible for administering civilian foreign aid and development assistance. Here’s a breakdown of the main points of the bill:

Abolishment of USAID

The bill aims to eliminate USAID entirely. This means:

• Starting from the date the bill is enacted, no federal funds can be allocated for any functions or responsibilities that USAID currently oversees. This includes all programs or activities related to foreign assistance as defined by the Foreign Assistance Act of 1961 and other laws.
• All unspent funds that were budgeted for USAID will be rescinded, meaning they will no longer be available for use. This also applies to any assets or liabilities that the agency holds at the time the bill is enacted, which will instead be transferred to the Secretary of State.

Impact on Foreign Assistance

The elimination of USAID is expected to significantly change how the United States engages in foreign assistance and development projects globally. Without USAID, the process of delivering aid and managing international development programs would likely shift to other governmental departments or agencies, particularly the State Department.

Effects on International Policy

This legislation might affect the U.S.'s ability to respond to international crises, provide humanitarian aid, and implement development initiatives that support economic growth, education, health, and infrastructure in various countries.

Transition of Functions

The bill outlines that all current functions, duties, and responsibilities of USAID should be reassigned or delegated to the Secretary of State. This transition may involve restructuring how foreign aid is managed and prioritized.

Funding Reallocations

Since the bill rescinds all unobligated funds for USAID, this could result in a notable reduction in financial resources available for international development programs.

Relevant Companies

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