An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Abolish

To formally put an end to a system, practice, or institution, in this case, a government agency.

Enactment

The process by which a bill becomes a law, typically after passing both houses of Congress and being signed by the President.

Rescinded

To cancel or take back a law, order, or agreement; in this context, to take back unspent money that was previously allocated.

Unobligated balance

Money that has been set aside or made available for a specific purpose by Congress, but has not yet been legally committed or spent by the agency.

Administrator

The chief executive officer of a federal agency, responsible for its overall management and operations.

Foreign Assistance Act of 1961

The primary law governing U.S. foreign aid, establishing the authority and framework for providing assistance to other countries.

Assets

Items of value owned by an entity, such as property, equipment, or funds.