Biden signs $768.2 billion defense spending bill into law
WASHINGTON (AP) — President Joe Biden has signed the National Defense Authorization Act into law, authorizing $768.2 billion in military spending, including a 2.7% pay raise for service members, for 2022.
The NDAA authorizes a 5% increase in military spending over last year, and is the product of intense negotiations between Democrats and Republicans over issues ranging from reforms of the military justice system to COVID-19 vaccine requirements for soldiers.
The price tag marks $25 billion more than Biden initially requested from Congress, a prior proposal that was rejected by members of both parties out of concerns it would undermine U.S. efforts to keep pace with China and Russia.
The bill includes $7.1 billion for the Pacific Deterrence Initiative and a statement of congressional support for the defense of Taiwan, measures intended to counteract China’s influence in the region.
It also includes $300 million for the Ukraine Security Assistance Initiative, a show of support in the face of Russian aggression, as well as $4 billion for the European Defense Initiative.