The U.S. House passes $40 billion bill to bolster assistance to Ukraine

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Translated by: MOS Gospel Team – Lilian H

According to Reuters on May 10th, the U.S. House of Representatives passed a US$40 billion bill to extend further assistance to Ukraine by 368 to 57. Besides funds for security assistance and replenishing stocks of U.S. equipment sent to Ukraine, the legislation authorized 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.

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In addition, the bill authorized $4 billion in Foreign Military Financing to provide support for Ukraine as well as other countries affected by the crisis and $14 billion in humanitarian assistance, including $5 billion to address global food insecurity and $9 billion for an economic support fund for Ukraine.

Image Source: reuters


Edited by: Ronald Yan
Chief Editors: Ashley W., Stay
Posted by: Peter Chen

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