Provides loan guarantees of up to one billion dollars to Ukraine, and direct assistance of $100 million. Supports democratic Ukraine's desire for independence. Condemns Russian military intervention in Crimea. Makes Russia's continued participation in the G-8 dependent on respecting neighbors' borders. Assists Ukraine in asset recovery efforts stemming from government corruption. Imposes sanctions on Russian officials, banks, and other state agencies.
This is the amended version of s2124, and does not contain the IMF provisions that Obama and Senate Democrats wanted but House Republicans did not. The bill was introduced on 3/12 and passed Senate on 3/24, but was withdrawn the next day by Majority Leader Harry Reid. The IMF reforms were removed, and the bill sent back to the House as HR4152, the bill that the House initially passed on 3/6/14. The House passed this version of the bill on 3/27/14.
Additionally, the House passed hr4278, which added another $50 million in aid to Ukraine, bringing the total amount of direct U.S. aid to $150 million.