Terminate Unaccountable Spending, Abuse, Deception, and Fraud Act

1) S.3748 was introduced on January 29, 2026 by Sen. Lee (R-UT) and referred to the Senate Committee on Foreign Relations. It has not moved since introduction. The bill would repeal the African Development Foundation Act, effectively shuttering a small federal agency focused on grassroots development in sub-Saharan Africa. This is a procedural, low-priority bill with no hearings, markups, or companion legislation in the House. 2) The bill authorizes zero funding. The African Development Foundation's annual budget is approximately $40 million — a rounding error in federal spending. No contracts flow to publicly traded U.S. companies through this agency. 3) No U.S. publicly traded companies are affected by this bill. The USADF does not contract with major defense or energy firms. 4) The 119th Congress has 12 months remaining. Without a House companion bill or committee action, S.3748 has effectively stalled. 5) No market-relevant tickers exist for this bill. The two presidential memoranda mentioned in the prompt are unrelated executive actions and are not analyzed here per RULE 21 (entity isolation).