🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

US lawmakers introduce sweeping defense bill, drop most 'culture war' issues

Published 12/07/2023, 01:34 PM
Updated 12/07/2023, 05:16 PM
© Reuters. FILE PHOTO: U.S. military personnel train on the waters near Coronado, California, California, U.S., August 29, 2023.  REUTERS/Mike Blake/File Photo

By Patricia Zengerle

WASHINGTON (Reuters) - U.S. lawmakers unveiled an annual defense policy bill leaving out most of the divisive social issues, such as abortion rights and treatment of transgender service members, that had threatened to derail the must-pass legislation.

The Senate and House of Representatives Armed Services Committees released the 3,000-page text of the Fiscal 2024 National Defense Authorization Act, or NDAA, late on Wednesday. This year's bill, an annual measure that sets policy for the Department of Defense, authorizes a record $886 billion in spending, a 3% increase over last year.

The measure is a compromise between versions of the NDAA passed by the Republican-controlled House and Democratic-controlled Senate earlier this year.

It authorizes a 5.2% pay increase for service members, measures to address competition with China including new training assistance for Taiwan, a four-month extension of a key domestic surveillance authority and purchases of equipment including ships, helicopters, submarines, rockets, bombs and other weapons.

It also contains provisions that could pave the way for Australia to receive several U.S. nuclear-powered submarines as part of the AUKUS agreement between the United States, United Kingdom and Australia.

The bill does not include many provisions - which critics describe as "culture war" matters - included in the version of the legislation passed by the Republican-controlled House, and opposed by most Democrats, who control the Senate.

The compromise NDAA does not overturn the Pentagon's policy of reimbursing servicemembers who travel to obtain abortions, which prompted Republican Senator Tommy Tuberville to block most military promotions for most of the year.

It also drops House language that would have blocked coverage of transition surgeries for transgender troops.

© Reuters. FILE PHOTO: U.S. military personnel train on the waters near Coronado, California, California, U.S., August 29, 2023.  REUTERS/Mike Blake/File Photo

Congress has passed an NDAA annually since 1961, one of the few major pieces of legislation to become law every year. The Senate could take its first votes within days, with the House of Representatives expected to follow suit later this month.

The bill - the result of negotiations between Democrats and Republicans in the Senate and House - is expected to pass both chambers and be signed into law by President Joe Biden, despite expected opposition from the hard-right wing of the House.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.