Financial Services and General Government
Madam Chair, thank you for yielding.
As we sit here today, inflation is 8.6 percent above last year, the highest it's been in more than 40 years. Economists are saying American households should budget an extra $5,000 this year to cover rising prices – that's over $400 a month. Many families simply cannot afford this.
Prices of everyday goods have skyrocketed over the last year under the Biden Administration. For example:
WASHINGTON – Today, the Homeland Security Subcommittee and Financial Services and General Government Subcommittee met to consider their fiscal year 2023 appropriations bills. The measures were reported out to the full committee with concerns raised by Republicans.
I want to thank Chairman Quigley for presenting the fiscal year 2023 Financial Services and General Government appropriations bill. I also want to recognize the work of the ranking member of the subcommittee, Mr. Womack.
As a result of the chairman and ranking member's efforts, the bill before us includes many priorities of Members on both sides of the aisle, including:
Madam Speaker, I rise today in support of H.R. 7691, a bill that would provide additional assistance to Ukraine and other partners in the region.
Ten weeks ago, we witnessed Russia begin its attack on the sovereign nation of Ukraine.
To support Ukraine and our allies during this unprovoked, illegal, and appalling attack, Congress provided nearly 14 billion dollars in emergency funding through the fiscal year 2022 appropriations bills.
That funding has been crucial in Ukraine's efforts to fight back against Putin's evil invasion.
The bill before us today would provide roughly $40 billion in assistance to address the ongoing conflict.
With Russia continuing to take control of the country, more resources are needed to:
