U.S. President Biden signs a $770 billion defense bill

U.S. President Biden signs a $770 billion defense bill. 

U.S. President Joe Biden adopted in the United States Senate on Monday National Defense Authorization Act, also known as NDAA, for 2022. According to the White House on Monday, which allows $770 billion in defense spending.

This month, earlier this month, Senate and earlier this month, the Senate and House of Representatives voted unanimously in favor of the bill on defense with full backing by each democrat and Republicans for the annual bill that sets the policy of the Department of Defense. 

“The Act provides vital benefits and enhances access to justice for military personnel and their families, and includes critical authorities to support our country’s national defense,” Biden stated in a statement following signing the legislation into law.

The NDAA is closely monitored by a wide range of the business community and other groups since it is among the few significant pieces of legislation that become law each year and covers a broad range of issues. The NDAA has been in force every year for the last six years. 

The NDAA authorizes five percent more in military spending than in the past in fiscal 2022. NDAA will be negotiated that was reached after intensive discussions with House as well as Senate Democrats as well as Republicans after the talks were stalled by differences about China and Russia policies.

It provides the 2.7 percentage pay rise for troops, increased aircraft and Navy purchase of ships, and strategies to deal with geopolitical threats. This includes Russia as well as China.

The NDAA includes $300 million for the Ukraine Security Assistance Initiative that provides assistance for Ukraine’s army and four billion to support the European Defense Initiative, and $150 million to support Baltic collaboration in security.

About China, The bill provides $7.1 billion to fund the Pacific Deterrence Initiative and a statement of support by Congress in defense for Taiwan, and an end to being a part of the Department of Defense procuring products made with labor that is forced in China’s Xinjiang region.