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

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.

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.

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