The draft text of the bill proposes some $60 billion in additional aid for Ukraine and $14 billion for Israel.
The legislation includes $48.43 billion to provide Ukraine with military training, intelligence sharing, increased US presence in the European Command area of responsibility, and other US support activities through December 31, 2024.
According to a summary of the spending, some $19.85 billion would go toward replenishing US military weapons and equipment provided to Ukraine from US stockpiles, $13.8 billion to allow Ukraine to rearm itself through the purchase of weapons and munitions from the US defense industrial base.
Some $14.8 billion would be used for the continued US support to Ukraine through military training, intelligence sharing, increased presence, and other support activities, the summary stated.
The bill also includes $7.85 billion for direct budget support to Ukraine.
The proposed bill also includes $8 million for the US Defense Department Inspector General (IG) to continue to exercise oversight over US assistance to Ukraine.
US President Joe Biden supported the bill, urging Congress to swiftly pass it.