Ukraine Support Act

Floor Speech

Date: June 4, 2026
Location: Washington, DC

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Mr. NUNN of Iowa. Mr. Speaker, I thank Members on both sides of the aisle.

I understand the passion behind this. As a still-serving combat veteran--and also for the Chairman's combat service--I think we are committed to making sure that aggressors are held accountable.

That is exactly why I authored the bipartisan PEACE Act--targeted sanctions that truly stop the Russian war machine. Peace through strength was mentioned tonight. Peace through the PEACE Act can be delivered. My bill passed the Committee on Financial Services 53-1, with great credit to Mr. Meeks. This is something we worked on together and both support.

Challengingly, I would offer that the bill before us tonight takes us on a different path. I would be remiss to not say this is a bill more about politics than policy, and I am concerned that it is a tactical error to move forward when it threatens real strategic deterrence of what this body can deliver.

I understand our mutual aim is to hold Russian aggression accountable, but, my friends, this is not the plan. We have a better option, and we have a clear plan before us.

The PEACE Act moved through committee. It earned bipartisan support, and it is ready for consideration now. And, yes, it has been months in the making, but we have held it every single time. Challengingly, the bill before us is now more than a year and a half outdated.

Our bill would cut off foreign financial assistance to Russia, and it includes Chairman Hill's REPO Act, money that would be seized back so that it can go back to help the Ukrainian people and pay for Russia's aggression. It stops the shadow fleet. It ends Russia's illicit oil sales, and it truly does what we want through targeted sanctions that have been approved.

My friends, if we truly want to stand together, let's stop Russia. Let's lead with a plan that truly restores peace to Europe. This is our greatest strength. Let's enforce the penalties, enact a timeline, incentivize a ceasefire, and let's make sure that peace can be achieved with the PEACE Act.

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