The Senate's version of the 2023 National Defense Authorization Act (NDAA) will include $10 billion in military aid for Taiwan, Defense News reported on Monday.

The $10 billion would be given to Taiwan over five years in the form of Foreign Military Financing (FMF), a State Department program that gives foreign governments money to purchase US weapons.

However, Taiwan will be able to use $300 million of the FMF each year to purchase military equipment from its own industrial base, a privilege only currently enjoyed by Israel. Other FMF recipients need waivers to use the funds to purchase arms that don't come from the US.

The $10 billion is a massive increase from the $4.5 billion initially proposed by Senators Bob Menendez (D-NJ) and Lindsey Graham (R-SC) in a piece of legislation known as the Taiwan Policy Act. The Senate Foreign Relations Committee brought the military aid up to $6.5 billion when it advanced the bill in September.