Corker Gives Statement On Committee Passage Of Ukraine Aid And Sanctions Legislation

Wednesday, March 12, 2014

Senator Bob Corker on Wednesday made the following statement regarding the committee’s passage of bipartisan legislation in response to the crisis in Ukraine. The bill, which passed 14-3, will support Ukraine’s political and economic transition without adding to the debt and impose sanctions on those who threaten Ukraine’s sovereignty and territorial integrity.

“This bill cements more fully 60 years of U.S. national interests to ensure Europe remains democratic, whole and free.  I believe we’re at a defining moment right now, where our friends and allies are watching to see if we’re going to do those things that are appropriate to protect Ukraine’s sovereignty, and I think this bill absolutely meets that test,” said Senator Corker. 

The bill also implements reforms regarding U.S. participation in the International Monetary Fund that will help facilitate financial support for Ukraine without increasing U.S. financial commitments at the IMF.

“Our nation agreed to these reforms in 2010, and the crisis occurring in Ukraine is a perfect example for why we need the IMF to help Ukraine’s democratic and economic transition,” said Senator Corker.  “This measure will help ensure developing economies have a bigger share in the costs and responsibilities, so the U.S. isn’t bearing the heaviest burden when a crisis hits.”

The Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014, which relies on appropriated funds within existing restraints on federal spending, includes the following provisions:

·        Loan Guarantees: Authorizes the State Department to provide funds for the purpose of loan guarantees for Ukraine.

·        Asset Recovery from Corrupt Ukrainian Officials: Requires the State Department and Justice Department to assist the Ukrainian government in the recovery of assets amassed by corruption Ukrainian officials, including former President Viktor Yanukovych.

·        Democracy and Governance Assistance: Authorizes $50 million for the purpose of technical, democracy, and civil society assistance for Ukraine and other Eastern Partnership countries.

·        Enhanced Security Cooperation with Ukraine and Europe: Directs the President and authorizes up to $100 million over FY 2015-17 to provide security assistance for Ukraine and other countries in Central and Eastern Europe.

·        Sanctions for Threats to Ukraine: Imposes sanctions, including visa bans and asset freezes, against persons determined to have engaged in violence or serious human rights abuses in Ukraine or activities undermining the territorial integrity of Ukraine.

·        IMF Reform: Authorizes quota reforms in the IMF that help maintain American influence in the Fund and its veto power.  U.S. financial commitments at the IMF would not increase, because while the U.S. contribution to the IMF’s main source of funding (or quota) will increase from an estimated $63 billion to $126 billion, the U.S. will reduce a corresponding $63 billion from U.S. contributions to a separate IMF account (the “New Arrangements to Borrow”) that was approved by Congress in 2009 to provide additional stability in the wake of the 2008 financial crisis.  The budgetary impact of this provision is fully offset with current year spending.



Alexander Says Shutting Down The Government Should Never Be A Bargaining Chip

Senator Lamar Alexander on Saturday urged Senate Democrats to reopen the government. “Shutting down the government of the United States of America should never ever be a bargaining chip for any issue. Period. It should be to governing as chemical warfare is to real warfare,” Senator Alexander said in remarks to his colleagues on the Senate floor.  “It should ... (click for more)

Elderly Man Dies In House Fire In Cleveland

An elderly man died in a house fire in Cleveland on Friday night. Neighbors said they were able to pull a woman from the flames at the home at 685 4th St. SE, but were unable to save the man. Fire crews went to the scene shortly after 7 p.m. The cause of the fire is being investigated. (click for more)

DACA Or Amnesty To Become The Majority?

As we have the political drama that we see in D.C. let’s be honest about what DACA is all about. We understand as the liberal policies of abortion, dependency on the government and an anti-American globalist / progressive agenda that many have come to realize these policies no longer represent their core beliefs and have left a certain party. Without an influx of new dependency ... (click for more)

Roy Exum: The Saturday Funnies

It is said that a 15-year-old in Minnesota, where just like the rest of the United States prayer in schools is prohibited, was tasked with writing an essay. He turned in his paper and, as it was returned with an A-plus, it is only fitting that something this clever should begin this week’s edition of The  Saturday  Funnies. Those who enjoy the Funnies understand that ... (click for more)

Lady Vols Looking For Answers as No. 3 Mississippi State Up Next

With No. 3 ranked and undefeated Mississippi State (19-0, 5-0) gliding into Knoxville on the heels of a crushing 23 point comeback 84-70 loss to No. 5/5 Notre Dame at South Bend, head coach Holly Warlick and the No. 6/7 Lady Vols (16-2, 4-1) are looking for some answers – fast.   The game will be broadcast on ESPN2 with a 3 p.m. tip-off from Thompson-Boling Arena in Knoxville. ... (click for more)

Furman Top Mocs 58-57 In SoCon Hoops

The University of Tennessee at Chattanooga fell 58-57 at Furman Saturday afternoon in a game that came down to the wire. The Mocs fall to 12-7 on the year and 3-2 in Southern Conference women's basketball action and the Paladins move to 12-8 overall and 3-2 line league play.   Senior Keiana Gilbert and sophomore Lakelyn Bouldin combined for 40 of the Mocs 57 points with ... (click for more)