Political Quotes

“Mr. Chairman, I rise today to urge the adoption of my amendment to ensure that President Biden's lend-lease authority regarding Ukraine is subject to the same requirements under the Arms Export Control Act and the Foreign Assistance Act as loans to every other country. These requirements would not block or do not block any of the current support that our government is providing to Ukraine but would mitigate the risk that the Biden administration or, for that matter, any administration abuses its lend-lease authorities in the future. The requirements include that the loan is made for a fixed period of time, up to 5 years, and the borrower agrees to repay us all the costs we incur by lending our equipment, such as money to repair or to replace damaged equipment. Loans have agreements for repayment. Without the requirement that loans have a defined term and a repayment agreement, without those terms it is not a loan. It is a grant or a gift. Funding Ukraine is under the purview of Congress, not the executive branch. He can simply call it a loan and never require repayment or reimbursement, or he could extend the terms out indefinitely or request repayment in something else like Monopoly money--and I say that in jest.…”