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.


Mobley To Go Free In Brainerd Road Murder Case

The state will not retry Stephen Mobley in the case in which Gregory Watkins was shot nine times at a Brainerd Road convenience store. The murder charge was dismissed in the courtroom of Judge Barry Steelman on motion of the prosecution. A jury recently could not come to a unanimous decision in the case and a mistrial was declared. A defense witness had told the jury he ... (click for more)

Catoosa County Arrest Report For Feb. 27-March 5

Click  here  for the Catoosa County arrest report for Feb. 27-March 5. (click for more)

How To Kill Small Business And Education In Chattanooga

   I would just like to say that the weathermen of Chattanooga have done something I thought only a union could do. They have undone all the economic good that VW has brought to our area. Their erroneous and hysteric forecasts are in my opinion purposefully done to benefit their corporate owners so viewers and readers flock to their felonious broadcasts and yellow ... (click for more)

Roy Exum: America’s Newest Darling

Minutes after I read a letter on Rebekah Gregory’s Facebook page yesterday, I was mere seconds from summoning the marching band, our prancing elephants, and the flag-bearers so we could rightfully induct this dazzling survivor of the Boston Marathon blast into my personal Hall of Fame. I do that, you know, when I see everyday people display courage, kindness, guts, brilliance, ... (click for more)

Chattanooga Women Advance To SoCon Championship, Defeat Furman 68-55

Behind a career-high 26 points from Jasmine Joyner, top-seeded Chattanooga defeated fifth-seeded Furman, 68-55, in the first semifinal game of the 2015 Southern Conference Women’s Championship, presented by General Shale. The win moves No. 17/18 Chattanooga to 28-3 and puts the Mocs in the tournament-championship game for the third-straight season. The loss ended Furman’s season ... (click for more)

Top Twins Prospects Headed To 2015 Lookouts

Now that the ownership of the Chattanooga Lookouts has been passed on from Frank Burke to the Lookouts Capital group, it is time to get a quick glance at the young men who will be starting the season with the Double-A team of the Minnesota Twins. The Dodgers are no longer affiliated with the Lookouts where AT&T Field has been home to several Dodgers' prospects, including ... (click for more)