African Development Foundation Termination Act of 2026

This bill would abolish the United States African Development Foundation 120 days after it becomes law. During that period, the President would close out the Foundation's remaining business, and the Foundation could not make any new grants, loans, loan guarantees, or project agreements. Unspent Foundation funds would go to the Treasury's general fund, and its assets, contracts, and records would move to the Department of State to be liquidated or to oversee existing multi-year grants until they end. The bill would repeal the law that created the Foundation and require notice to employees under federal reduction-in-force rules.

Full text and official record on Congress.gov

Sponsors

• Tim Burchett Republican sponsor
• 0 cosponsors