what is in the 40 billion ukraine bill

Ukraine. (Ukrainian Presidential Press Office via AP). George Soros HonFBA (born Gyrgy Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. You've successfully subscribed to this newsletter! 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 . Live from Dubai, connecting Asian markets to the European opens. Schumer and McConnell stood nearly side-by-side as they tried pushing the legislation forward. It provides hundreds of millions of dollars to help refugees and fund efforts to seize the assets of oligarchs linked to Russian President Vladimir Putin, whose government has called the invasion of Ukraine a special military operation.. The department said it would give preference to projects for which state and local governments were providing incentives with spillover benefits for communities, like work force training, education investment or infrastructure construction. This material may not be published, broadcast, rewritten, Chip shortages during the pandemic forced factories to halt work and brought home in a tangible way how vulnerable the supply chain is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. Most young men are single. The Senate finally approved an additional $40 billion in military and humanitarian aid for Ukraine on Thursday after Sen. Rand Paul blocked the legislations swift passage last week much to the ire of his colleagues. All rights reserved. The bulk of the manufacturing money is likely to go to a few companies that produce the worlds most advanced semiconductors including Taiwan Semiconductor Manufacturing Company, Samsung Electronics, Micron Technology and, perhaps in the future, Intel to help them build U.S. facilities. 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. 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.". GOP investigators have said they will keep an eye on where the money is going, while a faction of the party has called for aid to be drastically reduced. 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. The big picture: The vote passed 368-57, hours after congressional leaders struck a deal on the aid which Axios' Alayna Treene notes is billions more than the $33 billion the White House initially requested. ', 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. Already 40 percent of the members of the Glastuinbouw Nederland group are operating at a loss, due to excessive energy costs. Anyone can read what you share. House appropriators released a $39.8 billion Ukraine aid bill that directs half of its largesse to the Pentagon and U.S. arms makers. 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. Two months ago, only three GOP House members voted against a separate security package. The stakes are high for the Biden administration to prove this foray into industrial policy can work. 2 Samsung is growing in Texas. "The need is also urgent: I have nearly exhausted the resources given to me by a bipartisan majority in Congress to support Ukraines fighters. And, you know, that is also a national security concern, given what we're seeing coming across the border in terms of crime and drugs. Powered and implemented by FactSet Digital Solutions. The 368 to 57. The House passed a $39.8 billion bill on Tuesday night to support Ukraine in its fight against invading Russian forces. The bill provides appropriations to several federal departments and agencies, including the Department of Justice, the Department of Defense, the Nuclear Regulatory Commission, . (1) Nothing in this section shall be interpreted to: (A) preclude an individual described in subsection (a) from applying for or receiving any immigration benefits to which such individual is otherwise eligible; or (B) entitle a person described in subsection (a) to lawful permanent resident status. That helped create a car shortage and raise the price of cars, stoking inflation. The . Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. 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. All Democrats and most Republicans backed it, though every "no" vote came from the GOP. However, it is just as true that the $40 billion proposal is fiscally irresponsible and the epitome of everything that is wrong with how . Why it matters: The deal, which is billions more than the $33 billion the White House initially requested, is slated for quick passage after Democrats agreed to . A $40 billion Ukraine aid package passed the Senate on Tuesday with relative ease despite opposition from 11 Republicans. Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. 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 . 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. Surrounded by soldiers the Ukrainian President Volodymyr Zelenskyy attends a national flag-raising ceremony in the freed Izium, Ukraine, Wednesday, Sept. 14, 2022. 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. And $126.3 million would help to prepare for and respond to potential nuclear and radiological incidents in Ukraine, notable given the frequent saber rattling from Russian President Vladimir Putin over his countrys nuclear stocks. Market data provided by Factset. 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. A confirmation vote from the full Senate will come later this week. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other . Play it now! 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 . In addition, the legislation authorizes a further $11 billion in Presidential Drawdown Authority, which allows the president to authorize the transfer of articles and services from U.S. stocks without congressional approval in response to an emergency. Show More. Sen.. 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. For perspective, that would total $6 billion more than the U.S. spent on military and economic aid around the world in 2019, according to the nonpartisan Congressional Research Service. 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. 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. Thwarting this ambition by supporting Ukraine makes sense. "I would say that we agree oversight is critical," Psaki replied. "Kyiv would become the largest yearly recipient of U.S. military aid over the past two decades," Paul said. Thats nationalism. 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. "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.". As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune. 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. 2022 CBS Interactive Inc. All Rights Reserved. U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. They need our help quickly. 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 . Some Republicans opposed the bill, criticizing Democrats for moving too quickly to send too many U.S. taxpayer dollars abroad. "We cannot save Ukraine by dooming the U.S. All rights reserved. But the final, 4,155-page package ultimately covered the supplemental aid for Ukraine in addition to the 12 annual spending bills for every federal agency. Appropriators set aside $45 billion in aid for Ukraine and NATO allies amid Russia's ongoing invasion, which is $7 billion more than what the Biden administration had requested. But the Biden administration has been hesitant to provide more firepower fearing Putin would see it as a sign of escalation. WASHINGTON, May 10 (Reuters) - 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. 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. President Biden today announced an additional $800 million in security assistance to Ukraine, bringing the total U.S. security assistance committed to Ukraine to $1 billion in just the . 'That means providing long range missiles, more tanks, fighter jets, and air defense systems. But lawmakers . We are no longer accepting comments on this article. 01 Mar 2023 12:40:33 A Ukrainian squad launches one of four rockets at a Russian infantry position from their BM-21 Grad 122mm multiple rocket launcher, in the southern Donbas region, Ukraine, on 20 February, REPUBLICAN OVERSIGHT WHILE STILL SUPPORTING UKRAINE. "To do that, we've got to get in the right posture in the Indo-Pacific, which we're not currently. "They're only asking for the resources they need to defend themselves against this deranged invasion," McConnell said of the Ukrainians. (Andrij Sybiha/Facebook). It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. It neglects priorities at home (the border), allows Europe to freeload, short changes critical interests abroad and comes w/ no meaningful oversight, Hawley tweeted Monday. Energy costs past two decades, '' Paul said rights reserved February 2023 despite opposition from Republicans. And McConnell stood nearly side-by-side as they tried pushing the legislation forward past two decades, Psaki. But the Biden administration has been hesitant to provide more firepower fearing Putin would see it as sign... 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