Spending

Here are five things to know about the new federal spending bill

On Tuesday, President Joe Biden signed the $1.5 trillion bill that funds federal operations through September. The bill also sends $13.6 billion to Ukraine as Washington had to approve a spending bill by the end of the day to avoid a government shutdown.

“We are going further to increase support for the brave people of Ukraine as they defend their country,” Biden said Tuesday, adding that the United States would now be in a better position to meet the growing humanitarian needs of the Ukrainian people.

The bill provides enough money to cover federal spending through the end of the fiscal year on September 30, as Congress recently passed several interim plans to prevent the government from shutting down. As we approach midterm later this year, lawmakers will need to approve another funding bill.

The funding bill does not include an additional $15.6 billion in coronavirus relief that was originally included in the plan but was scrapped by Republicans and Senate moderates. Efforts to curb and treat infections will suffer if more aid is not approved, the White House has warned.


“We are making these historic and necessary investments in a fiscally responsible manner,” the White House wrote in a press release. “The deficit fell last year for the first time since 2015 and is currently on track to fall by more than $1 trillion from last year, the largest year-on-year reduction ever.”

The White House said the legislation will reduce costs for American families and businesses, support economic recovery, advance equity and further restore American leadership abroad.

Here are five things to know about the bipartisan spending bill.

1. Help the people of Ukraine

The bipartisan funding bill includes $13.6 billion in humanitarian, security and economic assistance for Ukraine and neighboring countries, adding to the $1.4 billion in aid the United States has supplied to Ukraine since 2021, the White House said. This funding is expected to be spent on additional defense equipment, humanitarian aid and additional support for US troop deployments to neighboring countries like Poland.

According to CNBC, the additional funding is part of a broader U.S. effort to bolster Ukraine’s defense, hamper the Russian economy, and support civilians displaced by the invasion. This money will finance defensive military equipment and training, as well as aid for Ukrainian refugees both in the country and in neighboring countries.

Biden is expected to announce an additional $800 million in military aid to Ukraine on Wednesday, according to USA Today, bringing total U.S. support for Ukraine to $1 billion last week.

According to the White House, the money given to Ukraine so far has paid for military equipment, including 600 Stinger anti-aircraft systems, 2,600 Javelin anti-armour systems, nearly 40 million rounds of small arms, 200 spears -grenades and ammunition, 200 shotguns and 200 machine guns.

2. Launch of the Agency for Advanced Research Projects for Health

While the bill Biden signed cut additional funding for the pandemic, the bill included $1 billion to help launch the Advanced Health Research Projects Agency, an initiative to accelerate research for improve the “health of all Americans,” the White House said.

The new agency will initially focus on cancer and other diseases such as diabetes and Alzheimer’s disease, the White House said.

According to the National Institutes of Health, the new agency will be tasked with creating high-risk, high-reward capabilities (or platforms) to drive biomedical breakthroughs from the molecular to the societal that would “deliver transformative solutions for all patients.” .

3. Increase Law Enforcement Funding

Bipartisan funding bill increases federal law enforcement funding by $554 million over 2021 for Justice Department law enforcement, including $1.5 billion for the Bureau of Justice alcohol, tobacco, firearms and explosives to expand efforts to reduce gun crime, the White House said.

The funding bill increases the budget for community-based policing by $126 million to a total of $512 million and provides $50 million for a new community-based violence response program at the DOJ.

During the State of the Union address, Biden mentioned plans to increase funding for law enforcement to pay for resources and training. Biden also pointed to funding for the opioid response and a reauthorization of the Violence Against Women Act that were included in the bill.

“This sends a clear message to the American people that we are investing in the safety, health and future of Americans,” Biden said Tuesday.

4. Make education more affordable

The funding bill includes $17.5 billion for the Title I program, an increase of $1 billion from 2021, the largest year-over-year increase in more than a decade. The funding is intended to ensure that schools with a high percentage of students from low-income families have the resources to provide education to all of their students, the White House said.

The bill aims to make college more affordable by increasing the maximum Pell Grant to $400 over 2021, the biggest increase in the maximum grant in more than a decade, for millions of low- and middle-income students. .

5. Fund efforts to advance environmental justice and fight climate change

Bipartisan funding bill expected to provide record $3.2 billion to Department of Energy to build clean energy projects and boost clean energy manufacturing, an increase of $338 million compared to 2021, the White House said.

It also includes $100 million in resources dedicated to advancing environmental justice at the Environmental Protection Agency and provides a $776 million increase for the Department of the Interior and increases funding for the U.S. Department. of Agriculture to prevent forest fires.