While the United States is still a leader in designing chips, most manufacturing has been sent offshore. 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. 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. 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. 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 . articles a month for anyone to read, even non-subscribers! We are no longer accepting comments on this article. This would also be the fourth package for Ukraine, with a $13.6 billion tranche given in March, a $40 billion package passed in May and another $12.3 billion attached to a continuing resolution passed in September. Mr. Biden asked Congress for $33 billion two weeks ago. The bill passed the House last week despite "no" votes from 57 Republican congressmen. Another $2.47 billion would address humanitarian needs in the country, $13.37 billion would go to economic support for Kyiv and $2.4 billion would help resettle Ukrainian arrivals and refugees into the United States. (Ukrainian Presidential Press Office via AP). And a Car. 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. 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 . For one, the department will require companies seeking awards of $150 million or more to guarantee affordable, high-quality child care for plant construction workers and operators. Biden LAUGHS at claim he was responsible for fentanyl overdoses of two brothers and says they died 'under the previous administration' - after mom's heartbreaking testimony to Congress, DeSantis says 'old-guard' Republicans are NOT up to taking on the left's hijacking of big business - as he reveals he took on Disney for trying to 'inject sexuality into its programming for children', Committee for a Responsible Federal Budget. He was joined by John Barrasso of Wyoming, Susan Collins of Maine and John Cornyn of Texas. THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. 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.. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Other provisions will encourage companies, universities and other parties to offer more training for workers, both in advanced sciences and in skills like welding. Biden's funding bill for Ukraine includes over $20 billion in weapons and security assistance for Ukraine, $6 billion for the Ukraine Security Assistance Initiative, and $4 billion for the State Departments Foreign Military Financing program. It's a matter of not putting America's national security interests first and not having any clear plan," Hawley told Fox News Digital. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. He added, "It is more than any other country spends on their entire military expendituresour total aid to Ukraine will almost equal the entire military budget of Russia.". "Helping Ukraine is not an instance of mere philanthropy," McConnell said. 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 package that passed 86-11 will give Ukraine another round of military and humanitarian assistance as the war with Russia drags on. Do not sell or share my personal information. 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. These four House Republicans broke with the GOP to oppose inflation estimates McCarthy, GOP pump brakes on release of Jan. 6 footage to Tucker Carlson. Thank you for all our help. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. Paul stood in objection to the effort supported by both. Final passage of military, food aid bill expected this week, Kentucky Senator Paul delayed passage, demanded changes. "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 program also includes some ambitious and unusual requirements aimed at benefiting the people who will staff semiconductor facilities. 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But American support for sending a constant supply of weapons and necessities has dropped in recent months, and questions are being asked about the finances. At the same time, China has increased its market share in less advanced chips that are still critical for cars, electronics and other products. The push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. Biden had called on Congress to move quickly so he could sign the bill into law before existing defense aid for Ukraine runs out later in May. 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. Among the most vocal was Sen.Josh Hawley(R-Mo. Final passage is not in doubt. This would also be the fourth package for Ukraine, with a $13.6 billion tranche given in March, a $40 billion package passed in May and another $12.3 billion attached to a continuing resolution . U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. What they're saying: Congress passing this bill sent a "clear bipartisan message" that the country is united and standing in support of Ukraine, President Joe Biden said in a statement. This is part of the Biden administrations worker-centered approach to economic policy, which seeks to use the might of the federal government to benefit workers. That helped create a car shortage and raise the price of cars, stoking inflation. All rights reserved. And theres so much at stake.. economy.". 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. Please. Paul was likely to lose that vote and rejected the offer. ", MCCONNELL MAKES SURPRISE TRIP TO MEET ZELENSKYY IN UKRAINE, Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. The bill provides appropriations to several federal departments and agencies, including the Department of Justice, the Department of Defense, the Nuclear Regulatory Commission, The massive full-year government funding bill released early Tuesday contains $45 billion in new emergency funds for Ukraine in its battle against Russian forces, nearly 20 percent higher than the Biden administration requested. The Democratic-led House of Representatives voted 368-57 on Tuesday evening to pass a roughly $40 billion bill to deliver aid to Ukraine as it continues to face Russia's brutal assault .. Hawley also remarked to Fox News Digital that there are "no meaningful restraints or oversight" on the bill, which could cause many issues, he explained. "We cannot save Ukraine by dooming the U.S. We could have already started using the new U.S. assistance package to more effectively save lives of Ukrainians who defend the democratic world. Gina Raimondo, the secretary of commerce, describes the program as foremost a national security initiative. Why? '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. Published November 18, 2022. That would send it to President Joe Biden for his signature if no changes are made. 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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. 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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. Mutual Fund and ETF data provided by Refinitiv Lipper. . 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. 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. 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. 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. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. Thwarting this ambition by supporting Ukraine makes sense. Critics have argued that the federal government may not be the best judge of winners and losers. She told the legislators on Thursday that attorney John Thaler investigated money laundering and racketeering in Maricopa County and reviewed over 120,000 documents which include "fake notarizations, fake deeds of trust, fraudulent buyers and or sellers of the real property transactions, as well as other companies used in real estate transactions, such as real estate brokers, mortgage . 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.". 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 . 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. The Commerce Department also said it would dole out funding over time as companies hit project milestones, and give preference to those that pledged to refrain from stock buybacks, which tend to enrich shareholders and corporate executives by increasing a companys share price. Powered and implemented by FactSet Digital Solutions. The bill also includes a pay raise for American troops and civilian federal employees. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. We've received your submission. 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. ), who earlier this month called for the U.S. to prioritize sending arms to defend itself against China over helping Ukraine beat back Russia. "We have preliminary results, we will have certain losses declared, if I am not mistaken, within UAH 40 billion," he said . Covering Phoenix, Mesa, Glendale, Scottsdale, Gilbert, the valley . Forbes called him the "most generous giver" (in terms of . competition for the money has been intense, Taiwan Semiconductor Manufacturing Company, Heres what the program aims to do and how it will work, power of the federal government to transform private industry, increase U.S. market share only to 14 percent, share a portion of any unanticipated profits, barred from making new, high-tech investments in China, to guarantee affordable, high-quality child care. 2023 FOX News Network, LLC. The U.S. Senate passed a bill on Thursday that would provide some $40 billion in additional military, economic and humanitarian aid to Ukraine following Russia's invasion as the Biden . The comments below have not been moderated. 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Already 40 percent of the members of the Glastuinbouw Nederland group are operating at a loss, due to excessive energy costs. The House passed a nearly $40 billion package for Ukraine late Tuesday, sending the bill to the Senate as lawmakers heed President Joe Biden's warning that U.S. cash to help the allied country . On January 31, results of a PEW Research poll showed the share of Americans saying the U.S. was giving to much support to Ukraine had grown to 26 percent from 7 percent in March 2022. ', 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. If the administration gets it wrong, it could face intense criticism. The House on Tuesday night passed a $40 billion military and humanitarian aid package for Ukraine in an overwhelming 368 to 57 vote, weeks after lawmakers overwhelmingly approved $13.6. (Ukrainian Presidential Press Office via AP). This bill will protect democracy, limit Russian aggression, and strengthen our own national security, while, most importantly, supporting Ukraine, Democratic Representative Rosa DeLauro, who chairs the House Appropriations Committee, said as she urged support for the spending package. WASHINGTON The Senate overwhelmingly approved on Thursday a $40 billion emergency military and humanitarian aid package for Ukraine, moving quickly and with little debate to deepen the. Fox News' Marisa Schultz, Lawrence Richard and The Associated Press contributed to this report. 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