Abolishes the United States African Development Foundation 120 days after enactment, moves its remaining funds to the Treasury general fund, transfers its assets and records to the State Department for winding down existing grants, and repeals the law that created it.

• Abolishes the Foundation effective 120 days after enactment and gives the President that period to conclude its affairs
• Deposits unexpended balances into the Treasury general fund and transfers assets, contracts, and records to the Department of State for liquidating existing multi-year grants
• Bars the Foundation from entering new grants, loans, loan guarantees, or project agreements after enactment
• Repeals the African Development Foundation Act and requires the Secretary of State to propose conforming amendments to the U.S. Code
• Requires notice to employees under federal reduction-in-force rules

• Foreign Affairs Committee (House)

International Affairs