On the recordMarch 6, 2014
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I am pleased to bring to the floor H.R. 4152, a bill providing the authority for loan guarantees for Ukraine. As we all sadly know, Ukraine is facing an extraordinarily difficult time. As a valued partner and friend of the United States, our Nation has a duty to provide the people of Ukraine with help when they now need it most. This bill will provide some stability for the government and the people of Ukraine as they navigate through these troubled waters. The legislation before us will allow funds to be used to guarantee loans for the Government of Ukraine, in support of the Secretary of State's $1 billion pledge this week. This bill does not appropriate new funds, but simply allows funds to be used from existing State Department resources. Ukraine's economy has been in a difficult position for years, but now the country faces, of course, real risks. Russia has punished Ukraine for leaning toward the West and has suspended the assistance they planned to provide. This bill will not solve all of Ukraine's problems, obviously, but it is an important first step that will allow the country to shore up its finances and begin to make its economy more efficient. With this legislation, Congress--and the United States--will show that we stand by those that oppose authoritarian rule. It will show that, as a nation, we will step up to help the people of Ukraine not only with our words, but with our deeds.…





