Biden Signs Lend-Lease Act to Supply More Security Assistance to Ukraine

[JustAGuy1]

Today, President Joe Biden signed into law the "Ukraine Democracy Defense Lend-Lease Act of 2022."

The act authorizes the administration, through fiscal year 2023, to lend or lease military equipment to Ukraine and other Eastern European countries. The act would exempt the administration from certain provisions of law that govern the loan or lease of military equipment to foreign countries, such as the five-year limit on the duration of the loan or the requirement that receiving countries pay all costs incurred by the United States in leasing the defense equipment.

Any loan or lease of military equipment to Ukraine would still be subject to all applicable laws concerning the return of such equipment.

Under current law, payments received under leasing agreements with foreign countries are deposited in the Treasury Department as miscellaneous receipts and are classified as direct spending.

This act could increase amounts deposited in the treasury if the administration lends or leases equipment that it otherwise would not have provided under current law.

Biden Signs Lend-Lease Act to Supply More Security Assistance to Ukraine

President Joe Biden signed into law the Ukraine Democracy Defense Lend-Lease Act of 2022, which authorizes the administration, through fiscal year 2023, to lend or lease military equipment to Ukraine

www.defense.gov

Are there no adults in leadership?

 

[Sunni Man]

Our government wants the Ukrainian people to be in financial bondage to the U.S. for decades. Which is basically a scam deal for Ukraine because they have zero chance of winning the war with Russia.
When the British agreed to Lend-Lease during WWll
It took them from 1945 until 2006 to pay off their debt to America.

 

[night_son]

Today, President Joe Biden signed into law the "Ukraine Democracy Defense Lend-Lease Act of 2022."

The act authorizes the administration, through fiscal year 2023, to lend or lease military equipment to Ukraine and other Eastern European countries. The act would exempt the administration from certain provisions of law that govern the loan or lease of military equipment to foreign countries, such as the five-year limit on the duration of the loan or the requirement that receiving countries pay all costs incurred by the United States in leasing the defense equipment.

Any loan or lease of military equipment to Ukraine would still be subject to all applicable laws concerning the return of such equipment.

Under current law, payments received under leasing agreements with foreign countries are deposited in the Treasury Department as miscellaneous receipts and are classified as direct spending.

This act could increase amounts deposited in the treasury if the administration lends or leases equipment that it otherwise would not have provided under current law.

Biden Signs Lend-Lease Act to Supply More Security Assistance to Ukraine

President Joe Biden signed into law the Ukraine Democracy Defense Lend-Lease Act of 2022, which authorizes the administration, through fiscal year 2023, to lend or lease military equipment to Ukraine

www.defense.gov

Are there no adults in leadership?

Frankly, one would almost think the Ukrainians painted themselves black overnight with the amount of virtue signaling to the Ukraine by the Biden administration. Did Kiev suddenly rename itself East LA? Is Odessa now East Detroit? Has the Ukrainian national dish suddenly become fried chicken and watermelon?