Us Congress House Bill HB2277

Us Congress 2023-2024 Regular Session

• Introduced: 3/29/23
• Refer: 3/29/23
• Refer: 5/15/23

Caption

To provide for a limitation on availability of funds for US Department of Agriculture, Rural Development Programs, Rural Community Facilities Program Account for fiscal year 2024.

Impact

The implementation of HB2277 would directly influence the budgeting and disbursement of federal funds to rural development projects. With a cap established at $2.8 billion, stakeholders, including local governments and community organizations, will need to strategize on how to allocate these limited resources most effectively. This cap may result in tougher competition for available funding, potentially prioritizing projects that address urgent infrastructural and community needs.

Summary

House Bill 2277 seeks to limit the availability of funds for the US Department of Agriculture (USDA) specifically for its Rural Development Programs and the Rural Community Facilities Program Account for the fiscal year 2024. The bill sets a cap of $2.8 billion, which is a critical financial guideline for the programs that aim to support rural communities across the United States. This measure emphasizes fiscal restraint and aims to ensure that funds allocated for community development projects are managed properly.

Contention

Debate around the bill is expected, given its potential impact on rural development efforts. Supporters may argue that funding limitations are necessary for fiscal discipline, especially in times where budget deficits need to be addressed. Conversely, opponents could highlight the risks of underfunding essential community services, which might lead to stagnation or decline in rural areas that depend heavily on federal assistance for improvements in infrastructure, education, and healthcare.