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House to Reconsider Senate’s $95 Billion Aid Package with New Terms for Ukraine

The House of Representatives is set to review and revise a substantial foreign aid package aimed at Ukraine, which the Senate previously passed.

The new proposal could see significant changes in the funding mechanism and additional measures against Russian assets.

House’s Approach to Aid

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Speaker of the House Mike Johnson has indicated the House’s plan to modify the Senate’s $95 billion aid package.

Grants to Loans

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The House version might shift from offering grants to providing loans, intending to safeguard taxpayer investments by ensuring repayment.

Loan Instead of Grant

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In discussions with Senate members, Johnson highlighted the possibility of transforming the aid into a loan program.

Addressing the Financial Burden

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This shift aims to address concerns about the financial burden on U.S. taxpayers and ensure some form of reimbursement for the support provided.

Targeting Russian Assets

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The House is considering including provisions from the REPO for Ukrainians Act, proposed by Rep. Mike McCaul.

Frozen Russian Asset Seizure

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This act would facilitate the seizure of Russian international assets frozen by allied countries, with the proceeds used to support Ukraine further.

Border Security Provisions

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The House might contemplate border security reforms while revising the aid package.

However, Johnson did not confirm whether the package would mandate strict border policies.

Stalemate on Ukraine Aid

Credit: DepositPhotos – Kiev, Ukraine – 02 12 2023: USAid logo and ukrainian flag, USAid is USA agency for international development – assistance abroad, closeup — Photo by LessLemon

New funding for Ukraine has been stuck in Congress for months due to a logjam over border security measures.

Senate’s Separate Bill

Credits: DepositPhotos – WASHINGTON D.C., USA – Sep 18, 2014: Speech by President of Ukraine Petro Poroshenko at the joint session of the Senate and House of Representatives in Washington, DC (USA) — Photo by palinchak

However, despite the disagreements, an aid bill for allies like Ukraine was recently passed in the Senate and now awaits approval from the House.

White House’s Assurance

Credits: DepositPhotos – The White House. Washington, DC, USA. April 16, 2015. — Photo by a2gxe

The National Security Advisor has confirmed that the current aid is enough to sustain Ukrainian efforts for at least a few weeks until the aid bill gets approval.

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