Public Law 118 – 47 – Further Consolidated Appropriations Act, 2024
Enactment Date: November 1, 2024
Summary:
The Further Consolidated Appropriations Act, 2024 (Public Law 118 – 47) is a comprehensive appropriations bill enacted to provide federal government funding for Fiscal Year 2024. It allocates funds for various programs, departments, and agencies across the federal government.
Key Provisions:
- Discretionary Spending: The bill allocates $1.6 trillion for discretionary programs, including funding for defense, education, healthcare, and infrastructure.
- Mandatory Spending: The bill also authorizes $3.2 trillion for mandatory spending, including Social Security, Medicare, and Medicaid.
- Defense Spending: The bill includes $800 billion for the Department of Defense, an increase of 5% over the previous year.
- Non-Defense Spending: Non-defense discretionary spending is increased by 2%, totaling $800 billion.
- Funding for Specific Programs: The bill includes funding for several specific programs and initiatives, such as:
- $500 million for the National Institutes of Health (NIH)
- $250 million for the Substance Abuse and Mental Health Services Administration (SAMHSA)
- $100 million for the Environmental Protection Agency (EPA)
- Debt Ceiling: The bill does not raise the federal debt ceiling, which is expected to be reached in early 2025.
Impact:
The Further Consolidated Appropriations Act, 2024, is expected to have a significant impact on the federal government and the U.S. economy. It will provide funding for essential services and programs, stimulate economic growth, and address pressing national challenges.
Background:
The Further Consolidated Appropriations Act, 2024, was passed by the U.S. Congress as part of a continuing resolution (CR) to avoid a government shutdown. The CR extended funding for the federal government through December 16, 2024, allowing lawmakers more time to negotiate and pass a permanent budget agreement.
Controversy:
The bill has been the subject of some controversy. Some lawmakers have criticized the increase in defense spending, while others have argued that the non-defense spending increases are insufficient. Additionally, the bill’s failure to address the debt ceiling has raised concerns about potential fiscal instability in the near future.
Conclusion:
The Further Consolidated Appropriations Act, 2024, is a landmark piece of legislation that will shape federal government spending and policy for the coming year. It provides essential funding for government operations and programs, but also raises concerns about future fiscal challenges.
Public Law 118 – 47 – Further Consolidated Appropriations Act, 2024
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