Despite the high expectations associated with the 2003 Rose Revolution in Georgia and the 2004 Orange Revolution in Ukraine, the persistence of the two democratic regimes remains far from certain. It is hypothesized in this article that U.S.-funded democracy assistance programs implemented in Georgia and Ukraine in the post-revolution period have been burdened by U.S. security interests in the region and partly accounted for disappointing outcomes of the color revolutions. To test the hypothesis, four types of democracy assistance programs – electoral aid, political party development, NGO development and independent media strengthening – are analyzed in a comparative manner. The findings confirm the retarding impact of some U.S.-funded programs but they reveal reasons other than U.S. security interests.