US$12 billion in financing for Taiwan to buy weapons in U.S. bill

TL;DR

Washington, Dec. 6 (CNA) The United States Congress has released the final version of the 2023 National Defense Authorization Act (NDAA) that authorizes up to US$12 billion in grants and loans to Taiwan over the next five years to buy U.S. weapons.The compromise version of the NDAA, a bill that is passed annually to set policy for the Pentagon, was the result of months of negotiations across party lines in the Senate and House of Representatives.This legislation was based on two bills: the House version of the NDAA for Fiscal Year 2023, which passed the House on July 14, 2022, and the Senate version of the NDAA for Fiscal Year 2023, which was approved by the Senate Armed Services Committee on June 16, 2022.According to a press release issued by Senate and House Armed Services Committee, this version of NDAA authorizes US$817 billion for the Department of Defense (DOD) and $29 billion for national security programs within the Department of Energy (DOE).According to a Reuters report, the fiscal 2023 NDAA is expected to pass the Senate and House of Representatives this month, before being sent to the White House for U.S. President Joe Biden to sign into law."

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