To provide for a limitation on availability of funds for Bilaterial Economic Assistance, Development Credit Authority for fiscal year 2024.

HR 2340 imposes a $55 million cap on federal funding for bilateral economic assistance and development credit programs during fiscal year 2024. This restriction applies directly to agencies administering these programs, such as USAID or the State Department. The bill prevents any funds above this limit from being used for these specific types of foreign aid. It does not create new programs but limits existing spending authority for these assistance categories.