U.S. aid to Egypt to be decreased

U.S. economic aid to Egypt may be brought from $1.3 billion down to $1 billion and may be conditioned by the democratic and human rights situation in the country itself after the Senate Appropriations Committee proposed cutting aid to Egypt by 28%.

Daily News Egypt informs us that this bill was part of a much larger package valued at approximately $48.3 billion. This packages purpose is the protection of various United States interests around the world, ranging from economic to humanitarian and to security.
U.S. aid to Egypt is guaranteed under the terms of the Camp David Accords peace treaty that Egypt signed with Israel back in 1978.

Politico points out that this senate bill constitutes a significantly aggressive house reaction regarding aid deliveries to Egypt in light of the political situation there. It also came mere hours after Egypt's new President Abdel Fattah el-Sisi swore in his new cabinet.