Vote Smart's Synopsis:

Vote to pass a bill that establishes or extends various forms of assistance for Ukraine and penalties for Russia to address the war between Russia and Ukraine.

Highlights:

• Establishes a reconstruction trust fund for Ukraine (Sec. 104-111).

• Requires the U.S. International Development Finance Corporation to prioritize support for Ukraine (Sec. 104-111).

• Extends the President’s authority to lend or lease defense articles to Ukraine or Eastern European countries affected by the war through FY2028 (Sec. 201-202).

• Extends through 2027 the Department of Defense’s authority to provide security assistance and intelligence support to Ukrainian forces (Sec. 204-206).

• Requires the Department of State to take certain actions to build the capacity of the militaries and border forces of Baltic countries (Sec. 203).

• Requires the President to periodically determine if the Russian government or any proxy is waging a war of aggression against Ukraine, refusing to sincerely negotiate a peace agreement with Ukraine, or acting in violation of a negotiated peace agreement with Ukraine (Sec. 301).

• Requires the President to impose certain penalties if such a determination is made, including (Sec. 302-322):

• Property and visa-blocking sanctions on certain Russian officials;

• Property-blocking sanctions on Russian companies in the oil and mining sectors, Rosatom (Russia's state-owned nuclear enterprise) and its subsidiaries, and certain Russian financial institutions; and

• Increasing the rate of duty on all goods and services imported from Russia into the United States to at least 500% relative to the value of such goods and services.

Full Bill Text

Full Bill Text