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That funding authorization is on top of the underlying bill’s fiscal 2023 through fiscal 2026 authorization of $4.5 billion in FMF funding for Taipei to use to buy more U.S. weapons.
former Taiwanese vice defense minister, said the Tsai government is privately worried the Biden administration could look for ways to cancel the F-16 order, which isn’t scheduled to be fulfilled until 2026
billion in five-year grants for manufacturing and design of semiconductors and 5G wireless deployment, $24 billion to create a 25 percent tax credit for new semiconductor manufacturing facilities through 2026
Schumer pledged to move ahead with a procedural vote Tuesday afternoon on legislation that would, at minimum, fund semiconductor manufacturing grants and tax incentives through 2026.Â
The amendment would authorize $500 million a year from fiscal 2022 through fiscal 2026 in the form of foreign military financing so Ukraine can buy U.S.-made weapons.