President Trump has signed a massive, $700 billion military spending bill—by far the largest military budget in the world. The spending bill won’t go into effect, however, unless Congress rolls back 2011 legislation that caps federal spending, including by the military. This is Trump speaking Tuesday.

President Donald Trump: “Finally, the defense bill authorizes major investments in our military’s greatest weapon of all: its warriors. The NDAA increases the size of the American armed forces for the first time in seven years, and it provides our military servicemembers with their largest pay increase in eight years. Now Congress must finish the job by eliminating the defense sequester and passing a clean appropriations bill. I think it’s going to happen. We need our military. It’s got to be perfecto.”

According to the National Priorities Project, U.S. military expenditures are roughly the size of the world’s next seven largest military budgets combined.