H.R. 1123 — To abolish the United States Agency for International Development, and for other purposes.

This section terminates funding for the United States Agency for International Development (USAID) by prohibiting, beginning on the date of enactment, the use of any Federal funds to carry out functions, duties, or responsibilities assigned to the USAID Administrator under the Foreign Assistance Act of 1961 (22 U.S.C. 2151 et seq.) or any other law. It also rescinds all unobligated balances available to the USAID Administrator as of the day before enactment and transfers any remaining USAID assets and liabilities to the Secretary of State. (Thus, the provision would effectively abolish USAID as an independent agency and shift its remaining property and obligations to the Department of State.)