After months of negotiations, President Biden signed into law a foreign aid package on Wednesday that includes tens of billions of dollars in assistance to Ukraine, Israel and Taiwan, along with a measure that could lead to a ban on TikTok in the U.S.
The White House first sought the foreign aid more than six months ago, but was met with conservative opposition to Ukraine aid. However an unexpected turn from House Speaker Mike Johnson led the House to approve legislation over the weekend. with the Senate passing the package in a bipartisan vote Tuesday evening. Biden said in remarks from the White House: “It’s a good day for America, it’s a good day for Europe and it’s a good day for world peace. It’s going to make America safer, it’s going to make the world safer and it continues America’s leadership in the world and everyone knows it.”
The aid package, worth $95 billion in total, includes $60.8 billion in aid for Ukraine; $26.4 billion to support Israel, along with humanitarian aid for Gaza; and $8.1 billion for allies in the Indo-Pacific. The legislation also features provisions to allow the sale of frozen assets of Russian oligarchs, and a measure that could eventually lead to the ban of TikTok in the United States – giving Chinese parent company ByteDance roughly nine months to sell it or else it will be banned from app stores in the United States.
The Pentagon announced a new round of military aid for Ukraine worth roughly $1 billion, with the president adding that the U.S. would begin sending weapons and military equipment to Ukraine “in the next few hours. We are going to begin sending equipment to Ukraine for air defense munitions, for artillery, for rocket systems and armored vehicles.”
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