what is in the 40 billion ukraine bill

The Senate voted 86 to 11 to pass a $40 billion Ukraine aid package Thursday in the latest bipartisan signal of Washington's deepening commitment to Ukraine's grinding war against Russia. The Commerce Department says the program will also provide the Department of Defense and the national security community with a domestic source of the worlds most advanced chips. Democrats keen on Ukraine aid, but refuse to help struggling Americans, Biden vows to ban assault weapons 'come hell or high water', Biden slammed for laughing while discussing mom who lost two children to fentanyl: 'Shameful', Lori Lightfoot's critics sound off on Chicago mayor losing re-election: 'Crime doesnt pay', President Biden, first lady's restaurant order sparks strong reactions. 'This is shown, for example, by the vast amount of funds that EU governments mobilized to cushion the energy price shock at home. We could have already started using the new U.S. assistance package to more effectively save lives of Ukrainians who defend the democratic world. Get stock market quotes, personal finance advice, company news and more. . Paul pointed out that if the Senate approves the spending, the U.S. will have authorized $60 billion in total spending for Ukraine. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well. He was joined by John Barrasso of Wyoming, Susan Collins of Maine and John Cornyn of Texas. Powered and implemented by FactSet Digital Solutions. Do not sell or share my personal information. The Biden administration and Congress has set aside a staggering $113 billion in American taxpayer funds for Ukraine in a conflict that has no end in sight. Chip shortages during the pandemic forced factories to halt work and brought home in a tangible way how vulnerable the supply chain is to disruption. It must help Ukraine win, not just fight to a draw. Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. Ms. Raimondo has said the vision is to restore the United States to a position of leadership in semiconductor technology, to the point where every major global chip company wants to have both research and manufacturing facilities in the United States. In addition, $300 million is meant for advanced nuclear reactors and advanced nuclear fuels to increase Ukrainian energy security and independence as Russia continues to hit its energy infrastructure with frequent missile barrages and drone strikes. "And they need this help right now.". (Ukrainian Presidential Press Office via AP). We could build a border wall twice over with this amount of money," Hawley continued, stating that the U.S. needs to be more focused on the threat that illegal immigration poses, rather than fueling billions into a war and adding to our national debt. Coronavirus. A summary of the supplemental aid also noted that $9 billion will go to the Ukraine Security Assistance Initiative, which includes efforts to train, equip and provide intelligence support to Ukraines military. "My oath of office is to the U.S. Constitution, not to any foreign nation," Paul, who has been leading on this issue, tweeted Thursday after he single-handedly delayed a unanimous consent request to move the bill forward. One 2020 study, for example, found that a $50 billion investment in the industry would increase U.S. market share only to 14 percent. But chip makers have already announced billions of dollars in plans for new investments around the United States. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. The total is by far the biggest of all Western allies, with the UK in second giving $5.1 billion since the start of the invasion and the EU handing over $3.3billion. War in Ukraine Russian combat capabilities Europe Congress set to approve an additional $40 billion in aid to Ukraine House backed the proposal Tuesday night on a bipartisan vote, with the. Kentucky Republican Sen. Rand Paul defied leaders of both parties Thursday and delayed until next week Senate approval of an additional $40 billion to help Ukraine and its allies withstand Russia's three-month old invasion. Delta agrees 34% pay rise for pilots - worth up to $90k - with other major airlines set to follow suit, Parole is DENIED for Robert F. 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', Ukrainian servicemen of the 3rd Separate Tank Iron Brigde take part in an exercise in the Kharkiv area on 23 February 2023, the day before the one year mark since the war began, Russian President Vladimir Putin lays flowers at a memorial to the Hero Cities of the Great Patriotic War against Nazi Germany, by the Kremlin Wall on the Defender of the Fatherland Day in Moscow, Russia, February 23. The bill, which includes military, economic and humanitarian assistance to. But with Ukraine taking heavy military and civilian losses and no sense of when the fighting might end, Congress will ultimately face decisions about how much more aid to provide at a time of huge U.S. budget deficits and a risk of recession that could demand added spending at home. While the United States is still a leader in designing chips, most manufacturing has been sent offshore. Anyone can read what you share. 2023 FOX News Network, LLC. The aid package comes in at $6. I think $40 billion would be about three times as much as Europe has contributed combined, all of the European states, for a war that's happening on their continent," the senator stated, saying he's worried it will continue allowing Europe to "freeload.". 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Thats not isolationism. U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. Heres a look at the CHIPS and Science Act, what it aims to do and how it will work. The largest portion of the money $39 billion will go to fund the construction of new and expanded manufacturing facilities. 7691, known as the Additional Ukraine Supplemental Appropriations Act of 2022after both Majority Leader Charles E. Schumer (D-NY) and Minority Leader A. Mitchell "Mitch" McConnell (R-KY) rejected Sen . Hawley told Fox News Digital Tuesday during an exclusive interview that the reason why he voted "no" to advance the aid package is due to the fact that it will harm the United States' standing domestically as well as on the world stage and doesn't represent a "nationalist" foreign policy view. "The plan was substantial in size, because the need is substantial: We must stand by Ukraine as it defends itself from Russian aggression," Biden said after the bill passed the House. The U.S. President pledged another $500 million aid and signalled financial support would continue for a war that has no end in sight, The last time the United States gave a Europe such substantial financial backing, President Harry Truman was trying to rebuild a continent ravaged by the Second World War. The bill, passed on an 86-to-11 vote Thursday, provides a combined $20 billion in military aid that is expected to finance the transfer of advanced weapons systems, such as Patriot antiaircraft. 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'President Biden has been complaining that the Republicans dont care about the deficit or debt and here he is handing out billions of taxpayer dollars in additional aid to Ukraine. The Senate overwhelmingly voted to move toward passage of $40 billion in aid to Ukraine, underscoring the broad Republican and Democratic support for the country as it defends itself against Russias invasion. The approved fundingwill go toward the Ukrainian military and national security forces, weapons, equipment, training, and other intelligence support as well as refugee and medical support. The measure also includes $8.8 billion to keep the Kyiv government functioning, more than $5 billion to provide food to countries around the world that rely on Ukrainian crops devastated by the fighting and $900 million to teach English and provide other services to Ukrainian refugees who have moved to the United States. That has prompted concerns about the supplys vulnerability, given Chinas aggression toward Taiwan and the potential for a military invasion of the island. Chips for America will provide $11 billion for research into new chip technologies. If the administration gets it wrong, it could face intense criticism. Bryant Harris. The Biden administration unveiled rules Tuesday for its Chips for America program to build up semiconductor research and manufacturing in the United States, beginning a new rush toward federal funding in the sector. Republicans on the House Armed Services Committee have urged Biden to keep providing the lethal aid necessary for Ukraine to counter Putin's 'unprovoked' invasion. Musks TeslaMaster Plan Lacks Drive. At the same time, China has increased its market share in less advanced chips that are still critical for cars, electronics and other products. WASHINGTON The House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden's initial request, signaling a . The resources that I requested willallow us tosend even more weaponsand ammunition to Ukraine,replenish our own stockpile, and support U.S. troops stationed on NATO territory.. Gina Raimondo, the secretary of commerce, describes the program as foremost a national security initiative. The administration does not plan to fund entire projects: Biden administration officials say they plan to offer grants of between 5 to 15 percent of a companys capital expenditures for a project, with funding not expected to exceed 35 percent of the cost. The House passed a roughly $40 billion supplemental package of military, economic and humanitarian aid for Ukraine on Tuesday night just hours after Democratic leaders introduced the bill.. 109 Bradley infantry fighting vehicles,75,000 sets of body armor and helmets, 38 High Mobility Artillery Rocket systems, and4,000 Zuni aircraft rockets have also been sent over. Copyright 2023 CBS Interactive Inc. All rights reserved. Tennessee's two GOP senators were two of the 11 senators who voted May 16 against expediting a floor vote on President Joseph R. Biden Jr.'s $40 billion aid package to Ukraine, H.R. The measure now goes to. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. White House press secretary Jen Psaki was asked by CBS News' Ed O'Keefe about Paul's insistence on the inclusion of an inspector general and whether the Biden administration would establish some kind of watchdog entity to track the spending. There's $8.7 billion for the Pentagon to rebuild stocks of weapons it has shipped to Ukraine and $3.9 billion for U.S. troops in the region. The bill still must be passed by the House and Senate and signed by Biden, but should it happen by years end, total U.S. military, humanitarian and economic assistance to Ukraine will tick past more than $110 billion in 2022. This material may not be published, broadcast, rewritten, Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. ", "What about taking the $40 billion from elsewhere in the budget? And Intel, a U.S. technology giant that is investing heavily to try to capture a technological edge, has broken ground on a megasite in Ohio. But Americans are starting to wonder where the money goes, how it is being spent, and if it the cost of the aid is worth it. Paul stood in objection to the effort supported by both. @POTUS, @SecBlinken, @SenateGOP, @SenateDems and American people were in strong support, and @RandPaul delayed so much needed support,Dymtro Kuleba, Ukraines minister of foreign affairs,wroteon Twitter at the time. 'The Committee seeks documents and information to understand how the Department of Defense (DOD), Department of State (State), and the U.S. Agency for International Developments (USAID) are conducting oversight of these fund.'. 01 Mar 2023 12:40:33 Legal Statement. HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. All rights reserved. The new aid package also includes humanitarian assistance - $5 billion to address food insecurity globally due to the conflict and nearly $9 billion for an economic support fund for Ukraine. Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that divides Democrats. Thank you for all our help. economy.". Despite support from Democratic and GOP leadership, 11 Republicans broke from their party and Congressional Democrats are reportedly moving to hold a House vote as soon as Tuesday on a nearly $40 billion aid package for Ukraine that would delink assistance to the war-torn nation from. 'It is critical that government agencies administering these funds ensure they are used for their intended purposes to prevent and reduce the risk of waste, fraud, and abuse. $46.6 billion is in military assistance such as tanks, missiles and drones. The Senate finally approved an additional $40 billion in military and humanitarian aid for Ukraine on Thursday after Sen. Rand Paul blocked the legislation's swift . You've successfully subscribed to this newsletter! The comments below have not been moderated. On Thursday, Kentucky Sen. Rand Paul became the lone holdout against a bipartisan effort to approve $40 billion in aid to Ukraine. This material may not be published, broadcast, rewritten, or redistributed. President Joe Biden had asked Congress to approve an additional $33 billion in aid for Ukraine two weeks ago, but lawmakers decided to increase the military and humanitarian funding. Why? Another $11 billion will be distributed later this year to support research into new chip technologies. The stakes are high for the Biden administration to prove this foray into industrial policy can work. The bill passed 368 to 57. The huge support package - three times more than what the U.S. spent in Afghanistan in a year - is dominated by the $46.6 billion in military equipment and support. There will be significant Republican support, he said. The package delivers nearly $14 billion in emergency funding to help address the emerging humanitarian crisis in Ukraine and shore up the country's defense . Companies are also barred from making new, high-tech investments in China or other countries of concern for at least a decade, to try to ensure that taxpayer money does not go to fund new operations in China. They need our help quickly. Last year's budget deficit was almost $2.8 trillion but is likely headed downward, and the bill's spending is less than 0.2% of the size of the U.S. economy, suggesting its impact on inflation would be negligible. WATCH: The US Senate voted on Monday to advance the $40 billion Ukraine aid bill. The US Senate passed a bill on Thursday providing $40 billion in military aid and economic support to Ukraine, sending it to President Joe Biden's desk after the House approved the package last week. or redistributed. Published November 18, 2022. Some will go to makers of older chips that are still essential for cars, appliances and weapons, as well as suppliers of raw materials for the industry and companies that package the chips into their final products. 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