The first section of the bill gives it a short title, stating that it can be referred to as the “Stand with Ukraine Act of 2024.”

Congress acknowledges the importance of Ukraine's security to the broader Euro-Atlantic region, condemns Russia's invasion as a violation of international law, and emphasizes enduring support for Ukraine. They note the signing of a 10-year bilateral security agreement between the U.S. and Ukraine, reinforcing mutual commitments.

The policy outlined by the United States emphasizes support for Ukraine's security and freedom, cooperation in promoting peace in Europe, and strengthened military partnership to counter Russian aggression. This includes providing military equipment and training, imposing sanctions on Russia, and committing to immediate consultation and assistance in case of future attacks, while ensuring sustainable support aligned with security agreements.

The section outlines a plan to strengthen military ties between the United States and Ukraine by modernizing Ukraine's defense systems with U.S. weapons and support. It also includes provisions for annual budget assessments, focusing on unfunded priorities necessary for carrying out a security agreement with Ukraine, with an aim towards enhancing its military capabilities and compatibility with NATO standards.

Congress recommends that the U.S. Government focus on transferring surplus military equipment to Ukraine by creating a detailed five-year plan. This involves amending existing laws to treat Ukraine similarly to other allied countries in receiving excess defense articles.

The section outlines a plan to speed up the sale of military items to Ukraine through the Foreign Military Sales program. It requires prioritizing the processing of Ukraine's requests, pre-clearing items for sale, and ensuring these orders are produced quickly, while also maintaining necessary government notifications and interagency updates.

Ukraine is to be treated as a significant ally outside of NATO by the United States, which allows for the transfer of defense equipment and services more easily, according to existing laws like the Foreign Assistance Act and the Arms Export Control Act.

Congress suggests that the President should use his authority to quickly provide military aid and other necessary resources to help Ukraine defend itself.

The section expresses Congress's belief that Russia will continue using disinformation during its war in Ukraine, and it outlines plans for the U.S. to support Ukraine in combating these threats. Specifically, it involves enhancing Ukraine's ability to counter Russian propaganda, collaborating internationally to provide accurate information, coordinating communication efforts, and developing training programs for information security professionals.

The policy of the United States is to support Ukraine's recovery and reconstruction by fostering economic resilience, focusing on reforms, and strengthening its private sector for lasting prosperity. Additionally, the U.S. is committed to aiding humanitarian demining efforts and improving mine action coordination with other donors to protect Ukraine from mines and explosive remnants of war.

The section allows the U.S. President to lend or lease defense equipment to Ukraine and certain Eastern European countries affected by the Russian invasion, from 2025 to 2035, to boost their defense. It sets rules for these transactions, provides for faster delivery procedures, and specifies that some existing legal provisions won't apply to Ukraine, while urging the President to use these powers without conflicting with other aid authorities.

The section requires the Secretary of Defense to help the Ukrainian Ministry of Defense develop a plan for maintaining their military equipment. This plan should include processes for depot maintenance and strategies for fixing or replacing weapons and equipment worn out from ongoing military operations.

The section defines terms used in the Act: "appropriate congressional committees" refers to specific committees in the Senate and the House of Representatives related to Armed Services, Foreign Relations or Affairs, and Appropriations; "credible defense and deterrence capability" describes the ability to defend against and deter serious military threats from Russia using a variety of military resources and systems.