To abolish the United States Agency for International Development, and for other purposes.

This bill would shut down the U.S. Agency for International Development (USAID). Starting the day it becomes law, no federal money could be used for USAID’s work under the Foreign Assistance Act or any other law. Money that had been approved for USAID but not yet spent would be canceled. USAID’s remaining assets and debts would be moved to the U.S. State Department.

Key points

• Who is affected: USAID, its grantees and contractors, and communities abroad that receive U.S. development aid; the State Department would receive USAID’s assets and liabilities.
• What changes: USAID’s operations would stop; unspent funds are rescinded; assets and debts transfer to the State Department.
• When: These changes take effect on the date the bill becomes law.