what is in the 40 billion ukraine bill

The Senate voted on Thursday to pass an additional $40 billion in new aid for Ukraine, after President Joe Biden called on Congress last month to deliver the additional . Live from Dubai, connecting Asian markets to the European opens. The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the government in Kyiv as it grapples with the Russian invasion. Among the most vocal was Sen.Josh Hawley(R-Mo. And, you know, we've also got to get serious about protecting our border, which is truly in a total crisis on our southern border. 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. The bill on the first anniversary of Vladimir Putin's invasion confirms the U.S. is by far the world's biggest contributor to Volodymyr Zelensky's war effort - followed by the UK and European Union - and the White House has signaled support will continue. Most Read from Bloomberg Apple Makes Major Progress on No-Prick Blood Glucose Tracking for Its Watch China's Cease-Fire Proposal for Ukraine Gets Quick Dismissal Russian Support for Putin's War in . The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. They need our help quickly. The Commerce Department said it would look closely at companies that applied for funding, to try to ensure that they were not being given more taxpayer dollars than they needed. . The rest of the United States' financial assistance covers funds for humanitarian and financial aid such as food, safe drinking water and medical supplies. First published on May 12, 2022 / 9:46 PM. Pauls initial hold on the bill was blasted bytop Ukrainian officials, Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-Ky.). Copyright 2023 CBS Interactive Inc. All rights reserved. The measure now heads to the Senate, which is expected to act quickly. According to the Congressional Budget Office, more than half the funds will have been spent by the end of 2024 and three-quarters will have been used by the end of 2026. And a Car. The week before, House Speaker Nancy Pelosi, D-Calif., visited Ukraine accompanied by several of her Democratic colleagues. Micron, which makes advanced memory chips, has announced big expansion plans in New York. 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. In addition, it would put the United States at above $50 billion in total aid to Ukraine far exceeding the amount provided for by European countries, which Hawley and other Republican senators argue is disadvantageous to the international standing of the country. American public is now starting to ask . "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. (Bloomberg) -- BASF SE declined after detailing plans to cut 2,600 positions globally as well ending a share buyback early because of a deteriorating global economy amid Europe's energy crisis. If Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. In March, the Senate successfully passed a $1.5 trillion appropriations packagewhich included $13.6 billion in emergency funds for Ukrainebut the legislation did not have the support of 31 . "My biggest concern is that I don't think this represents a nationalist foreign policy. Thanks for contacting us. Gina Raimondo, the secretary of commerce, describes the program as foremost a national security initiative. 'American taxpayers are rightly frustrated with over a hundred billion U.S. dollars that have been spent in Ukraine, especially given the lack of a clear vision or strategic objective in the conflict' Heritage Action for America executive director Jessica Anderson told DailyMail.com. The chairman of the board of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian News Agency reports. The stakes are high for the Biden administration to prove this foray into industrial policy can work. But chip makers have already announced billions of dollars in plans for new investments around the United States. The push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. 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 outcome had been up in the air in the final weeks ahead of the bills release, as pressure from far-right GOP lawmakers sought to scuttle any extra assistance for the former Soviet country. The Senate is expected to hold a final passage vote on the bill later this week, requiring just 60 votes, and then it would head to President Biden's desk. Published May 23, 2022 Congress has approved $40 billion in aid for Ukraine and other countries affected by the conflictthe sixth aid package since the war began. The CHIPS Act Is About More Than Chips: Here's What's in It. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. That would deny Mr. Biden the chance past presidents have had to make an appointment to the post, they said. Biden added that he would announce yet another security assistance package later Thursday that will provide additionalartillery, radars, and other equipmentto Ukraine, which they are already using so effectively on the battlefield. It's a matter of not putting America's national security interests first and not having any clear plan," Hawley told Fox News Digital. . 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. The 368 to 57. A $40 billion Ukraine aid package passed the Senate on Tuesday with relative ease despite opposition from 11 Republicans. 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.". Democrats and McConnell opposed Paul's push and offered to have a vote on his language. Paul who had delayed the proposal to insist on language appointing a special inspector general to oversee the distribution of the money was one of 11 Republicans to vote against final passage, along with Marsha Blackburn of Tennessee, John Boozman of Arkansas, Mike Braun of Indiana, Mike Crapo of Idaho, Bill Hagerty of Tennessee, Josh Hawley of Missouri, Mike Lee of Utah, Cynthia Lummis of Wyoming, Roger Marshall of Kansas, and Tommy Tuberville of Alabama. 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. Musks TeslaMaster Plan Lacks Drive. WASHINGTON (AP) The House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden's initial request, signaling a magnified, bipartisan commitment to thwart Russian President Vladimir Putin's bloody three-month-old invasion. 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. Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. Reflecting international concerns prompted by the assault, Finland's leaders announced their support for joining NATO and Sweden seemed not far behind. Another $6.98 billion will go toward U.S. European Command mission and intelligence support, pay, equipment and related activities. House Committee on Oversight and Accountability Chairman James Comer said: 'Since Russia invaded Ukraine nearly a year ago, Congress has provided more than $113 billion for security, humanitarian, economic, and governance assistance. RT @ImMeme0: Just 4 days ago U.S. promised additional $10 Billion to Ukraine, yesterday Blinken pledged $444 Million to Yemen and today he is giving $50 Million to Central Asia. '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. Congressional leaders struck a deal Monday to send $39.8 billion in military and humanitarian aid to Ukraine that could be taken up by the House as soon as Tuesday, Axios has learned. Seventy-five years on, the Biden administration and Congress have now set aside a similarly staggering $113 billion in American taxpayer funds for Ukraine in a conflict that has no end in sight. U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. "It bears directly on America's national security and vital interests that Russia's naked aggression not succeed and carries significant costs.". Ukraine. Paul stood in objection to the effort supported by both. There has been a push from both Republicans and Democrats to provide F-16s. The bill passed 368 to 57. The biggest hurdle to rapid approval of the assistance was cleared this week when Biden and Democrats dropped their demand to include billions more in the measure to bolster U.S. efforts to counter the coronavirus pandemic. Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. On Thursday, the Senate voted 86-11 to pass a roughly $40 billion aid package for Ukraine. 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 is shown, for example, by the vast amount of funds that EU governments mobilized to cushion the energy price shock at home. Mondays 81-11 procedural vote sets up Senate passage of the legislation as soon as Wednesday if all lawmakers consent to waive rules on debate. The United States manufactures 12 percent of chips, though none of the worlds most advanced. 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. THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. This could include building company child care centers near construction sites or new plants, paying local child care providers to add capacity at an affordable cost or directly subsidizing workers care costs. And House Minority Leader Kevin McCarthy (R-Calif.), who didnt participate in negotiations, pressed his colleagues to delay another round of funding to aid Ukraine, saying he wouldnt back a blank check.. "That's why the package already includes millions of dollars to support additional oversight measures, including additional funding for existing inspectors general and we encourage all senators to promptly pass the bill as it stands, we feel what's in there sufficient.". We've received your submission. 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. Joe Biden had asked Congress to approve an additional $33bn in aid for Ukraine. The Senate advanced a $40 billion Ukraine aid bill on Monday evening, despite opposition from a handful of Republican senators, in a vote tallying 81-11. The House passed the Ukraine spending bill by 368 to 57, with only Republicans voting against it. 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. Company finances can be opaque, and when a company saves a dollar in the United States, it may then choose to invest it elsewhere. Sen.. A Reuters/Ipsos poll conducted between February 6 and 13 found 58 percent of Americans approved of military support, compared to 73 percent in April 2022. The Biden administration unveiled the rules for its program to build up U.S. semiconductor research and manufacturing. Sen. Josh Hawley (R-MO) speaks during a Senate Judiciary Committee business meeting to vote on Supreme Court nominee Judge Ketanji Brown Jackson on Capitol Hill, April 4, 2022 in Washington, DC. And theres so much at stake.. 'We have seen bipartisan support when it comes to Ukraine aid,' Jean Pierre said and pointed out that Republicans have also visited the war-torn country since the invasion. The bill, approved in a 368-57 vote, provides myriad support to. There will be significant Republican support, he said. "All he will accomplish with his actions here today is to delay that aid, not to stop it.". Ukraine is not asking us to fight this war, McConnell said. Republicans in the House of Representatives overwhelmingly joined Democrats in voting for an additional $40 billion in aid to Ukraine on Tuesday with only 57 conservatives opposing the move. The program also includes some ambitious and unusual requirements aimed at benefiting the people who will staff semiconductor facilities. A major change is that this package looks ahead months rather than weeks. The CHIPS Act Is About More Than Chips: Heres Whats in It, https://www.nytimes.com/2023/02/28/business/economy/chips-act-childcare.html. While the United States is still a leader in designing chips, most manufacturing has been sent offshore. My guess is they choose to borrow the $ bc Americans might just decide they need the$500 more to pay for gas., Spending $40 billion on Ukraine aid more than three times what all of Europe has spent combined is not in Americas interests. The package includes $6 billion for security assistance, including training, equipment, weapons and support; $8.7 billion to replenish stocks of U.S. equipment sent to Ukraine, and $3.9 billion for European Command operations. Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that divides Democrats. Anyone can read what you share. The aid package comes in at $6. Get stock market quotes, personal finance advice, company news and more. Heres a look at the CHIPS and Science Act, what it aims to do and how it will work. I mean, it seems to me to be part of this unfocused globalism that unfortunately many in my party have embraced in the last couple of decades," Hawley said. '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.'. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. In addition to $6 billion for security assistance like training and weapons, the legislation includes $8.7 billion to replenish U.S. stocks of equipment sent to Ukraine . While some critics have questioned the wisdom of giving grants to a profitable industry, semiconductor executives argue that they have little incentive to invest in the United States, given the higher costs of workers and running a factory. The United States would provide support in the form of the $13 billion Marshall Plan - which was worth $160 billion in today's money - and the Truman Doctrine. Broken down, the funds include about $11.9 billion to replenish U.S. weapons stocks that have been dipped into often since Feb. 24, when Russia first attacked Ukraine and Washington poured in its own lethal equipment to bolster the besieged country. 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