Corker Says U.S. Sanctions Relating To Ukraine Have Strengthened European Resolve

Thursday, March 13, 2014
)

Appearing on MSNBC’s “Andrea Mitchell Reports,” Senator Bob Corker on Thursday said U.S. leadership has “stiffen[ed] the European resolve” regarding sanctions in response to Russia’s military intervention in Ukraine. Yesterday, Corker supported committee passage of bipartisan legislation that provides U.S. assistance for Ukraine and imposes sanctions against threats to Ukraine’s sovereignty and territorial integrity.

“In Europe…they are coalescing around some really strong sanctions. I think our leadership here in pushing that and certainly what the administration has done unilaterally; I think those things have come together to really stiffen the European resolve and their ability to put in place sanctions,” said Senator Corker.

The Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014, which does not add to the debt and 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 2015-2017 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.


3rd Edition Of Popular Stokes Photo Book To Be Issued

With a second edition of the popular Stokes Photo Book selling out, Chattanoogan.com will publish a third edition of 1,000 copies. John Wilson, publisher, said, "We continue to get calls and emails inquiring about the availability of this remarkable Chattanooga photo collection. So we have asked College Printing at Collegedale to put the almost 600-page book back on the presses. ... (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ABERNATHY, COURTNEY NATASHA 309 SUNRISE LN 2B CHATTANOOGA, 37411 40 Chattanooga AGGRAVATED ASSAULT BARHITE, MICHAEL W 1406 JOHN ROSS RD EAST RIDGE, 37412 33 Chattanooga Booked for Previous Charges or Other Reason(s) BEENE, ATLEE EARL 7441 CHAD ROAD HARRISON, 37341 42 Hamilton ... (click for more)

Obama Doesn't Want You To Save For College

Over the past few decades, federal aid for post-secondary education has decreased and transitioned largely from grants to guaranteed student loans.   At the same time, the cost of college has far exceeded the cost of inflation creating a situation in which college has become less affordable and causing students to pile up debt that is at an all-time high.   This debt ... (click for more)

Roy Exum: The Great Peace Pipe

There is a serious rift between our state legislators and Erlanger Hospital that has me worried. If I worry about something, it doubles the power of the worry. My problem? I am convinced we have the best collection of people at the State Legislature in Nashville we’ve ever had – I adore each of them. I am also blessed to believe Erlanger is back on track and, after a sensational ... (click for more)

Notre Dame Earns State Duals Berth With 45-33 Win

The Notre Dame wrestling team is peaking at the right time. It's been an up and down season for the Fighting Irish and for the first time all year, they have a full lineup. And now they can start making plans for next weekend's State Duals in Franklin after beating East Ridge for the second time in three days. The Irish beat East Ridge by eight points on Thursday night ... (click for more)

McCurdy's Clutch 3 Leads Bears Past Blue Raiders, 65-62

CLEVELAND, Tenn. – First place in District 5-AAA was up for grabs Saturday when bitter rivals  Cleveland and Bradley Central – both boys and girls – squared off at Jim Smiddy Arena. The Bearettes seized it. The Bears scrambled atop the standings as well. Bradley Central, scoring eight points in the final 35.9 seconds, including Bradley McCurdy clutch 3-pointer, ... (click for more)