House Speaker Mike Johnson (R-LA) is finalizing plans for a new bill that aims to increase U.S. funding for Ukraine’s defense measures, deviating from the recently approved $95 billion foreign aid package sent by the Senate. “I think it is a stand-alone, and I suspect it will need to be on suspension,” Johnson told POLITICO in an interview late on Thursday. He also indicated that separating funding for Ukraine and Israel was “under consideration.”
The new proposal could take the form of a potential loan or lend-lease program, an option also pitched by former President Donald Trump last month. The notion borrows a leaf from the playbook of former President Franklin Roosevelt’s early strategy during World War II.
Johnson is also considering a similar model to the REPO Act . Rep. Michael McCaul’s (R-TX) legislation would allow Biden government- seized Russian sovereign assets to be liquidated. The resulting funds would be […]
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