EXCLUSIVE: GOP Rep Unveils Bill That Would Allow US To Pay Itself Back For Ukraine Aid With Frozen Russian AssetsJake Smith
Contributor
October 12, 2023 8:25 PM ET
Republican Georgia Rep. Rich McCormick introduced legislation on Wednesday that would allow the U.S. to use frozen Russian assets to reimburse itself for aid to Ukraine, according to a copy of the bill exclusively obtained by the Daily Caller News Foundation.
Approximately $330 billion in Russian-related assets has been seized and frozen by the U.S. and NATO allies, as part of a larger effort to impose sanctions on Russia for its invasion of Ukraine, the bill states. McCormick’s proposal, called the “Make Putin Pay” Act, would allow the Biden administration to use these frozen assets to reimburse the U.S. for its ongoing aid to Ukraine, and also to support future aid without using taxpayer dollars.
“[This bill] does a few things. It takes the Russian threat very seriously, it’s punitive [and] it means we’re all in on doing the right thing,” McCormick told the DCNF. “And at the same time, it doesn’t increase our debt… this takes the assets that were frozen and uses it against the Russian war efforts.”
“This uses their own funds to basically purchase munitions and weaponry to stop [Russian] aggression directly,” McCormick said.
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https://dailycaller.com/2023/10/12/exclusive-gop-rep-unveils-bill-that-would-allow-us-to-pay-itself-back-for-ukraine-aid-with-frozen-russian-assets/
