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‘Make Russia Pay Act’ would empower US Treasury to use seized Russian assets to help Ukraine

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‘Make Russia Pay Act’ would empower US Treasury to use seized Russian assets to help Ukraine

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FIRST ON FOX: Laws was launched within the Home of Representatives on Tuesday that might set up a fund throughout the U.S. Treasury to disburse seized Russian property and have them fund Ukrainian aid.

The “Make Russia Pay Act” was launched by Rep. Stephanie Bice, R-Okla., and obtained 14 cosponsors, together with Rep. Dan Crenshaw, R-Texas. The invoice would arrange a “Ukrainian Humanitarian Reduction Fund” within the Treasury and empower the secretary of the Treasury to make use of seized Russian wealth to assist Ukrainian refugees.

RUSSIA INVADES UKRAINE: LIVE UPDATES

Rep. Stephanie Bice, R-Okla., speaks to reporters after a Home Republican Caucus assembly on the U.S. Capitol on Sept. 21, 2021, in Washington, D.C.
(Anna Moneymaker/Getty Photographs)

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“All Russian property seized by the US, together with seized Russian Central Financial institution international reserves, shall be deemed forfeited, and the Secretary of the Treasury shall liquidate such property and deposit the ensuing funds into the Ukrainian Humanitarian Support Fund,” the invoice reads.

The aim of the brand new fund can be “to supply humanitarian aid to Ukrainian refugees who’ve fled their properties on account of Russian aggression,” the invoice defined. “Such aid could also be made on to member nations of the European Union who’ve taken in refugees from Ukraine.”

Refugees, mostly women and children, wait in a crowd for transportation after fleeing from the Ukraine and arriving at the border crossing in Medyka, Poland, Monday, March 7, 2022.

Refugees, principally ladies and kids, wait in a crowd for transportation after fleeing from the Ukraine and arriving on the border crossing in Medyka, Poland, Monday, March 7, 2022.
(AP Photograph/Markus Schreiber, File)

The cash may be used to fund the Ukrainian authorities for the needs of rebuilding infrastructure and offering humanitarian support for its residents, reminiscent of offering meals, clothes, shelter, medical care and different types of aid that the Treasury secretary deems acceptable.

UKRAINE NEWS: MAJOR POLISH CITIES RUNNING OUT OF SPACE FOR REFUGEES

The laws would additionally empower the secretary of the Treasury to find out collectively with the secretary of Protection whether or not to make the most of the funds to supply safety help in opposition to Russia.

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A refugee who fled the Russian of Ukraine comforts his dog as they sit in a ballroom ballroom that's been converted into a makeshift refugee shelter at a 4-star hotel in Suceava, Romania.

A refugee who fled the Russian of Ukraine comforts his canine as they sit in a ballroom ballroom that is been transformed right into a makeshift refugee shelter at a 4-star lodge in Suceava, Romania.
(AP Photograph/Andreea Alexandru)

“It’s crucial that Russia pay the implications for his or her invasion of Ukraine,” Bice mentioned in an announcement to Fox Information Digital. “This laws basically acts as a Marshall Plan, the place the funds seized from Russian property might be used to assist Ukrainian refugees, assist present for Ukraine’s protection and humanitarian wants, and rebuild destroyed infrastructure.”

“The US should take motion in opposition to the Russian conflict machine and maintain Putin and his oligarchs accountable. I’m grateful for the assist of my colleagues on this essential laws,” the congresswoman added.

Practically 2.6 million Ukrainians have fled the nation amid Russia’s invasion as of final Saturday — nearly all of which (1.6 million) sought refuge in Poland, in response to the U.N. Excessive Commissioner for Refugees (UNHCR).

President Biden introduced U.S. sanctions final month meant to cripple Russia’s monetary system and stymie its financial development by concentrating on Russia’s largest banks, which the Treasury Division mentioned holds practically 80% of all of the nation’s banking property.

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The Related Press contributed to this report.

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Gold Star families slam Kamala Harris for 'playing politics' over Trump's visit to Arlington National Cemetery

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Gold Star families slam Kamala Harris for 'playing politics' over Trump's visit to Arlington National Cemetery

Vice President Kamala Harris was recently excoriated by Gold Star family members who accused the Democratic presidential candidate of politicizing an incident at Arlington National Cemetery on Monday.

The messages were posted on former President Trump’s Instagram account. Eight videos, each featuring different parents of service members killed by ISIS-K terrorists amid the U.S. withdrawal from Afghanistan on Aug. 26, 2021, were published in total.

The videos were released in the wake of a statement published by Harris on Saturday, where the vice president criticized Trump for taking photographs at a wreath-laying ceremony event on Monday. The Army said this week that an Arlington National Cemetery official was “abruptly pushed aside” while interacting with Trump’s staff. 

“As Vice President, I have had the privilege of visiting Arlington National Cemetery several times,” Harris said. “It is not a place for politics. And yet, as was reported this week, Donald Trump’s team chose to film a video there, resulting in an altercation with cemetery staff.”

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Kamala Harris was called out by Gold Star families over a statement she released about Trump on Saturday. (Getty Images)

“Let me be clear: the former president disrespected sacred ground, all for the sake of a political stunt,” she claimed, before adding that she would “never politicize” such an event.

The Gold Star family members maintained that they had asked Trump for photographs, as opposed to Trump taking pictures to advance his campaign. In one video, the father of Marine Lance Cpl. Jared Schmitz called Harris’ post “heinous, vile and disgusting.”

“Why did we want Trump there? It wasn’t to help his political campaign,” Mark Schmitz said in the video. “We wanted a leader. That explains why you and Joe didn’t get a call.”

Darren Hoover, the father of Marine Staff Sgt. Taylor Hoover, said that Harris lacks “empathy and basic understanding” about Monday’s event, and stressed that Trump’s appearance was respectful.

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HARRIS SLAMS TRUMP OVER ARLINGTON NATIONAL CEMETERY ALTERCATION, PROMPTING FIERY RESPONSE FROM JD VANCE

Trump Harris split image

Vice President Kamala Harris slammed former President Donald Trump over last week’s incident at Arlington National Cemetery. (Getty Images)

“In keeping with the reverence and respect that is given to all members of our military that are buried there, we invited President Trump,” he said. “We are the ones that asked for the video and the pictures to be taken at the tomb of the Unknown Soldier.”

Hoover also added that Trump has “been there for us from the very beginning,” and criticized Harris for “playing politics” over the incident.

“You should be ashamed and embarrassed [about] your lack of empathy and decency as a human being,” the father added. “You are only in this for the power and prestige. You don’t care for our military or the citizens of this country.

Trump at Arizona rally

Republican presidential nominee former President Donald Trump speaks at a campaign rally at the Desert Diamond Arena, Friday, Aug. 23, 2024, in Glendale, Ariz.  (AP Photo/Evan Vucci)

 

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“You should hang your head in shame at your actions or lack thereof.”

Fox News Digital reached out to the Harris campaign for comment.

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Newsom calls Legislature into special session after lawmakers reject his latest salvo at Big Oil

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Newsom calls Legislature into special session after lawmakers reject his latest salvo at Big Oil

Gov. Gavin Newsom called California lawmakers into a special session Saturday after Assembly Democrats pushed back on his request to approve new requirements on oil refineries in the final days of the regular legislative session that ends Saturday night.

The unusual maneuver effectively pushes the Legislature into overtime to address the complex and politically sensitive issue of energy affordability just as campaign season heats up in advance of the Nov. 5 election.

Newsom’s order requires that lawmakers formally open a special session today, but it’s unclear when they plan to hold hearings to consider the bills or how long the session will go. Lawmakers were scheduled to leave Sacramento this weekend for four months in their home districts.

“It should be common sense for gas refineries to plan ahead and backfill supplies when they go down for maintenance to avoid price spikes. But these price spikes are actually profit spikes for Big Oil, and they’re using the same old scare tactics to maintain the status quo,” Newsom said in a statement.

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“Calling the session now allows the Legislature to begin that work immediately so that the state can resolve this important matter now to establish the necessary rules to prevent price spikes next year and beyond.”

It’s the second time in two years that Newsom has called a special session focused on the economics of the oil industry, an issue that divides Democrats as they navigate a desire to fight climate change with ambitions to lower prices at the pump. Newsom has blamed high gas prices on the industry, which he accused of gouging consumers. Oil companies point to the state’s climate change and tax policies as drivers of higher prices.

Two weeks ago, Newsom announced a proposal to require that petroleum refiners maintain a stable inventory in order to prevent fuel shortages and price spikes when refinery equipment is taken offline for maintenance.

As the oil industry lobbied heavily against the proposal, Democrats in the Assembly and Senate squabbled over how to move forward. Lawmakers said they were frustrated with Newsom’s attempt to push the plan through the Capitol at the last minute.

In a statement Friday, Assembly Speaker Robert Rivas (D-Hollister) said his caucus agreed with the governor about the need to urgently address affordability and would deliver results if a special session was called. But he refused to take up the bills for a floor vote by Saturday’s deadline.

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“What I’m not going to do is push through bills that haven’t been sufficiently vetted with public hearings,” Rivas said. “Doing so could lead to unintended consequences on Californians’ pocketbooks.”

Assembly Speaker Robert Rivas said he wouldn’t rush Newsom’s energy proposal through the Legislature.

(Rich Pedroncelli / Associated Press)

Newsom’s office began talking with the Senate and Assembly earlier this summer about legislation that would allow his administration to require that petroleum refiners maintain a stable inventory in order to prevent fuel shortages in California.

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After gathering more insight about pricing from laws passed in a previous special session on oil that ended last year, state regulators had reported that charges at the pump increase when the oil companies do not maintain enough refined gasoline to backfill production shortfalls or protect against the impact of unplanned maintenance.

Western States Petroleum Assn. leaders said the governor’s refinery proposal will drive up fuel costs in California and reduce supplies in Arizona and Nevada. The argument raised a potent political concern that the state policy could become a national headache for Vice President Kamala Harris and other Democrats in a critical election year.

“It’s noteworthy that legislators are considering such radical energy policies at a time when the nation is closely examining how the ‘California model’ will impact their families and pocketbooks,” Catherine Reheis-Boyd, CEO of the Western States Petroleum Assn., said in a statement this week.

The warning from WSPA, Chevron and other industry players spooked Assembly Democrats, who were also irked by the late introduction of the proposal.

In an effort to reach an agreement with Democratic lawmakers, the proposal was tied together with other bills in the Senate and Assembly during negotiations with leaders of both houses. But environmentalists opposed some of those proposals, leaving Democrats with a suite of bills that angered both ends of the environmental policy spectrum.

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One of the Assembly bills, which would cut energy and climate programs that fund HVAC improvements in schools, installation of energy storage and generation technologies in vulnerable communities and solar energy systems on multifamily affordable housing to achieve a meager one-time customer credit on electricity and gas bills, drew sweeping opposition from a coalition of environmental, education, housing and energy groups. Another bill, which ratepayer advocates supported, would have required the Public Utilities Commission to develop a framework for analyzing total annual energy costs for residential households.

The bills didn’t offer enough incentive for Assembly Democrats to slam the plan through this week. They also soured on efforts by Senate President Pro Tem Mike McGuire (D-Healdsburg) to leverage the moment to pass Senate bills that would accelerate environmental reviews for clean energy and hydrogen projects, save ratepayers money by lowering requirements for utility wildfire mitigation plans and make it harder for companies to terminate utility service to customers.

The drama marked another effort by a governor on the cusp of the final two years of his second term to push last-minute bills through a Legislature guided by two new leaders. Earlier this summer lawmakers similarly balked on passing a bill that would have placed his measure targeting retail crime on the ballot.

Newsom’s decision to call for a special session also marks the second time he’s sought to toughen California’s oil laws outside the typical two-year process to hear bills, which runs from January through August or mid-September each year.

The governor called a special session two years ago to penalize oil companies for excessive profits as gasoline prices spiked. But lawmakers were ultimately reluctant to adopt a penalty and Newsom refined his request to instead demand more transparency from the industry.

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Instead of enacting a cap and penalty on oil refinery profits, Newsom and lawmakers gave state regulators the ability to do so in the future. Consumer advocates and the governor celebrated the resulting law as a groundbreaking tool that could keep gas prices from escalating.

But Republican Gov. Joe Lombardo of Nevada joined the industry and his party in May when he sent Newsom a letter warning a cap could “further raise gas prices for both of our constituencies” because his state’s gas largely comes from refineries in California.

On Friday, Andy Walz, president of Americas products for Chevron, sent a letter to the California Energy Commission saying that Newsom’s new refinery proposal “risks the safety of refinery operations, the orderly functioning of markets and would leave industry and labor experts without a voice in key policies.”

“The physical, operational and cost burdens to sustain unnecessary inventory are also a concern,” he wrote. “Building just one new storage tank can take a decade and cost $35 million. These costs would likely be passed onto the consumer. And given the current regulatory regime, with constraints on permits and a gasoline vehicle sales ban, there is no opportunity to recover capital invested to build additional tanks, which could be the ‘last straw’ for the state’s energy market investors.”

The timing of a second special session on oil regulations could work in Newsom’s favor if lawmakers immediately get to work.

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Newsom will finish signing the bills on his desk by Sept. 30, which means he could have the political upper hand if the special session begins before that period concludes. If the special session begins after bill signing, the governor could lose some of that leverage.

But when, and, if, they ultimately pass new mandates on the oil industry or lower electricity bills could also affect the election.

Legislation that saves consumers money could give them something to tout to their constituents. Laws that potentially raise gas prices could be weaponized in California races or national contests.

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Trump impersonates Elon Musk talking about rockets: ‘I’m doing a new stainless steel hub’

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Trump impersonates Elon Musk talking about rockets: ‘I’m doing a new stainless steel hub’

Former President Trump offered his impersonation of SpaceX and Tesla CEO Elon Musk at an event in Washington, D.C., this week, drawing laughter from a crowd as he pretended to be talking about the development of rockets. 

Trump told an audience at the annual Moms for Liberty conference Thursday that Musk gave him a “tremendous endorsement” and described him as a “very different kind of a guy as he thinks [when] he talks.” 

“With Elon, it’s like, ‘well, you know, I’m doing a new stainless steel hub that can get us around the engines much quicker,’” Trump said. “’Because there’s a problem with the type of engine going into space nowadays.’” 

“’But in the end I think we can have a good hookup because of the new foils that are coming up,’” Trump joked. 

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Former President Trump gives his impersonation of SpaceX and Tesla CEO Elon Musk.

“And I’m hearing everything that’s going through his mind. But he is like, he’s a super genius guy,” Trump added. 

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Elon Musk speaks

Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel in May in Beverly Hills, California. Musk and Trump recently participated in an interview on X. (Apu Gomes/Getty Images)

The former president recently did a lengthy interview in mid-August with Musk on X and said Thursday that “I think we are going to do another one too.” 

Trump and Elon Musk

President Trump acknowledges Spacex founder Elon Musk after the successful launch of the SpaceX Falcon 9 rocket at the Kennedy Space Center on May 30, 2020 in Cape Canaveral, Florida. (Joe Raedle/Getty Images)

 

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“I’m a huge fan of his electric car, I think it’s incredible, his car,” Trump also said. “I think of he does and I’m a big fan of electric, but they don’t go far and they are expensive.” 

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