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Members spar over 'America First Opportunity Fund' and proposed transfer of funds to new executive account
Summary
The bill creates a new America First Opportunity Fund — criticized by Democrats as an unaccountable slush fund — and prompted competing amendments to direct money toward existing programs such as the Inter American Foundation; amendments to reserve funds for IAF and to require reporting were defeated.
A central structural change in the bill is the creation of a new National Security Investment Program account, branded by Republicans as the "America First Opportunity Fund," designed to give the executive branch flexibility to respond rapidly to crises and strategic opportunities. The measure drew intense criticism from Democrats who described the account as an untracked slush fund.
Representative Kat Cammack and others on the Republican side backed the fund as…
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