House foreign aid bill includes ATACMS transfer, $60 billion for Ukraine
Recently introduced by House Speaker Mike Johnson, the U.S. House of Representatives Ukraine aid bill provides for $60 billion in assistance and mandated transfer of ATACMS missiles to Kyiv.
The text of the bill was published on the website of the House of Representatives on April 17. The total amount of financial support for Ukraine in the bill is $60.84 billion, of which $23 billion will be used to replenish U.S. arms reserves.
The bill also requires U.S. President Joe Biden to provide Ukraine with ATACMS ballistic missiles and mandates the State Department and the Pentagon to present a strategy for supporting Ukraine within 45 days.
Read also: House of Representatives to vote on Ukraine aid on April 20 — Speaker Johnson
Notably, the bill proposes to provide aid to Ukraine on a loan basis, although Congress would be able to forgive 50% of the loan after Nov. 15, 2024. Additionally, it includes a provision for the possible confiscation of frozen Russian assets to cover the debt.
Earlier, Johnson announced he would bring the Ukrainian funding bill to a vote on the House floor on Saturday, April 20.
The White House has already signaled that Biden would immediately sign the bills on U.S. aid to Ukraine, Israel, and Taiwan, as soon as they are passed by the House of Representatives and the Senate.
On April 15, Mike Johnson introduced four separate bills on financing U.S. assistance for Ukraine, Israel, Taiwan, and other national security priorities.
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