Bill > HR8035

This bill, the Ukraine Security Supplemental Appropriations Act, 2024, provides emergency supplemental appropriations to respond to the situation in Ukraine and for related expenses for the fiscal year ending September 30, 2024. Key provisions include: - Allowing the Secretary of Defense and Director of National Intelligence to transfer up to $1 billion and $250 million, respectively, between appropriations to respond to the situation in Ukraine. - Requiring reports on the accounting and end-use monitoring of U.S. defense articles provided to Ukraine. - Providing over $7.8 billion in Economic Support Funds and nearly $1.6 billion in Foreign Military Financing for Ukraine and impacted countries. - Increasing the statutory cap on the President's drawdown authority for Ukraine from $100 million to $7.8 billion. - Allowing for the cancellation of up to 50% of Ukraine's debt related to the economic assistance provided under the bill after November 2024, subject to congressional approval. - Requiring a comprehensive strategy on U.S. support for Ukraine, including objectives, resource requirements, and national security implications.

Budget and Finance

https://www.congress.gov/bill/118th-congress/house-bill/8035/all-info