Ukraine Support Act

This bill would provide security and economic assistance to Ukraine and Eastern European nations, including the establishment of a reconstruction trust fund and the extension of authorities for lending defense articles and providing intelligence support through 2027 and 2028. It would also require the President to impose sanctions and significantly increased import duties on Russian officials, financial institutions, and energy sectors if the Russian government is determined to be continuing a war of aggression or failing to negotiate a peace agreement. Additionally, the measure would prioritize international development support for Ukraine and mandate efforts to strengthen the military and border capacities of Baltic countries.

This bill affects the governments and military forces of Ukraine, the Baltic countries, and Eastern European nations impacted by the war through the provision of security assistance, intelligence support, and defense article leasing. It also impacts Russian government officials, proxy entities, and specific industries—including the oil, mining, and nuclear sectors—who may face property- and visa-blocking sanctions. Additionally, U.S. importers of Russian goods and services are affected by a significant increase in import duty rates.

• Establishment of a reconstruction trust fund. The bill creates a dedicated trust fund to support the reconstruction of Ukraine following the conflict with Russia.
• Extension of defense lending and security assistance. The legislation revives the President's authority to lend or lease defense articles through FY2028 and extends the Department of Defense's authority to provide security assistance and intelligence support to Ukrainian forces through 2027.
• Prioritization of international development and military capacity. The U.S. International Development Finance Corporation is required to prioritize support for Ukraine, while the Department of State must take actions to build the military and border force capacity of Baltic countries.
• Conditional sanctions on Russian officials and entities. If the President determines Russia is continuing a war of aggression or failing to negotiate in good faith, the bill mandates property- and visa-blocking sanctions on Russian officials, financial institutions, and companies in the oil, mining, and nuclear sectors.
• Increased import duties on Russian goods. Upon a presidential determination of continued Russian aggression, the rate of duty on all goods and services imported from Russia into the United States must be increased to at least 500% of their value.

The bill's authority to lend or lease defense articles remains active through fiscal year 2028, while the Department of Defense’s authority to provide security assistance and intelligence support is extended through 2027.

The bill extends existing Department of Defense authorities to provide security assistance and intelligence support to Ukrainian forces through 2027. It also revives the President’s authority to lend or lease defense articles to Ukraine and affected Eastern European countries through fiscal year 2028 and directs the U.S. International Development Finance Corporation to prioritize support for Ukraine.

The bill aims to address the ongoing conflict between Russia and Ukraine by providing multi-year security, intelligence, and reconstruction assistance to Ukraine and affected European nations. It also seeks to hold the Russian government accountable through the imposition of significant economic sanctions and trade penalties if the President determines Russia is continuing a war of aggression or failing to negotiate a peace agreement.