Foreign Military Financing Loan Authorization Act of 2026

This bill would allow the Secretary of State to give direct loans and loan guarantees to foreign countries or international organizations so they can buy U.S. defense articles, defense services, and design and construction services. The Secretary could set the interest rate and repayment terms for the direct loans, and the loans would otherwise follow existing Arms Export Control Act rules and depend on funds Congress provides. The bill would also let the State Department spend money from a fund made up of foreign military sales administrative charges on activities under that Act. The Secretary would have to report to Congress within 180 days and every year after on the loans and guarantees given.

Full text and official record on Congress.gov

Sponsors

• Brian J. Mast Republican sponsor
• 1 cosponsors