This bill would add a new section (23A) to the Arms Export Control Act. It authorizes the use of foreign military financing (FMF) funds to pay for purchases by eligible foreign countries or international organizations of defense articles, defense services, and design and construction services that are not sold by the U.S. Government. The Secretary of State, in consultation with the Secretary of Defense, must approve any extension of this authority to a country or organization and may set terms, conditions, and limits to protect U.S. foreign policy and national security interests. The Secretary of State and Secretary of Defense must issue implementing regulations within 180 days that cover review and approval procedures, audit and reporting standards, end-use monitoring and export control compliance, and efforts to encourage participation by nontraditional defense companies. The bill also states this authority is in addition to, and does not replace, the existing foreign military sales program.
No publicly available information on cost estimates, budgetary effects, or specific funding amounts is included in the bill text or provided metadata. The bill refers to using FMF program funds but does not state dollar amounts or estimated fiscal impact.
No publicly available information.
No publicly available information.