H.R. 7684House118th Congress (2023-2025)In Committee

Udall Foundation Reauthorization Act of 2024

Introduced March 15, 2024

AI-Generated Summary

Updated January 20, 2026 at 3:19 PM UTC

The Udall Foundation Reauthorization Act of 2024 renews the Morris K. Udall and Stewart L. Udall Trust Fund and updates how its investment earnings can be used. It extends the fund’s authorization through fiscal year 2029 and sets a new five‑year funding period beginning in FY 2025. The bill also requires an audit of the foundation by the Interior Department’s Inspector General within four years. These changes affect the Udall Foundation’s scholarship, fellowship, and environmental programs that rely on the trust fund.

Key Provisions

  • Adds language that interest earned on new appropriations to the trust fund may be used only if appropriated by Congress, starting October 1 2023.
  • Extends the reauthorization of the Udall Foundation Trust Fund from 2023 to 2029 and defines a new five‑year funding period beginning with fiscal year 2025.
  • Mandates that the Interior Department’s Inspector General complete an audit of the Udall Foundation no later than four years after the law’s enactment.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action
HouseIntro Referral Latest Action

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

March 15, 2024

View full timeline
HouseIntro Referral

Introduced in House

March 15, 2024

HouseIntro Referral

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

March 15, 2024

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in HouseIssued March 15, 2024

I

118th CONGRESS

2d Session

H. R. 7684

IN THE HOUSE OF REPRESENTATIVES

March 15, 2024

Mr. Ciscomani (for himself and Ms. Stansbury) introduced the following bill; which was referred to the Committee on Education and the Workforce, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To reauthorize the Morris K. Udall and Stewart L. Udall Trust Fund, and for other purposes.

1.

Short title

This Act may be cited as the Udall Foundation Reauthorization Act of 2024.

2.

Investment earnings

Section 8(b)(1) of the Morris K. Udall and Stewart L. Udall Foundation Act (20 U.S.C. 5606(b)(1)) is amended by adding at the end the following: Beginning on October 1, 2023, and thereafter, interest earned from investments made with any new appropriations to the Trust Fund shall only be available subject to appropriations and is authorized to be appropriated to carry out the provisions of this Act..

3.

Reauthorization of the Udall Foundation Trust Fund

Section 13 of the Morris K. Udall and Stewart L. Udall Foundation Act (20 U.S.C. 5609) is amended—

(1)

in subsection (a), by striking 2023 and inserting 2029;

(2)

in subsection (b), in the matter preceding paragraph (1), by striking 2023 and inserting 2029; and

(3)

in subsection (c), by striking 5-fiscal year period and all that follows through the period at the end and inserting 5-fiscal year period beginning with fiscal year 2025..

4.

Audit of the Foundation

Not later than 4 years after the date of enactment of this section, the Inspector General of the Department of the Interior shall complete an audit of the Morris K. Udall and Stewart L. Udall Foundation.