More than 94 percent of House members present yesterday backed $1 billion in loan guarantees to aid Ukraine.
The House voted 385-23 for a bill, H.R. 4152, which would “let the government guarantee private-sector loans to Ukraine” and would “allow previously appropriated funds to be used to cover the cost of the guarantees,” Roxana Tiron and Derek Wallbank reported for Bloomberg News. Here’s a BGOV Bill Summary of H.R. 4152 by Bloomberg Government’s Cameron Leuthy.
All 23 ‘no’ votes came from Republicans, most of them officeholders who take a hard line against new spending or are opposed to U.S. involvement in foreign crises.
“Time is of the essence, and I urge my colleagues in the Senate to pass this bill swiftly so we can provide the president with the tools he needs to help stabilize Ukraine,” House Majority Leader Eric Cantor, a Virginia Republican, said in a statement.
President Barack Obama’s administration this week restricted visas and authorized some financial sanctions.
“These decisions continue our efforts to impose a cost on Russia and those responsible for the situation in Crimea,” Obama said at the White House yesterday, as Roger Runningen and Nicole Gaouette reported for Bloomberg News.