#aaf? ,,congress  #b;d ,session  ,h4 ,r4
 #bddd  ,,an ,,act  ,to au?orize !      
,secret>y ( ,/ate to make direct loans  
"u section #bc ( ! ,arms ,export        
,control ,act1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,ea/]n ,european ,security ,act4  #b4   
,s5se ( ,congress ,x is ! s5se (        
,congress t x is 9 ! national security  
int]e/ ( ! ,unit$ ,/ates to--  7#a7 det]
 aggression aga9/ ,nor? ,atlantic       
,treaty ,organization 7,,nato7 allies by
 ,russia or any o!r adv]s>y2  7#b7 assi/
 ,,nato allies 9 acquir+ & deploy+      
mod]n1 ,,nato int]op]able milit>y       
equipm5t & r$uc+ _! dep5d5ce on ,russian
 or =m] ,soviet-era def5se articles2    
7#c7 ensure t ,,nato allies meet        
alliance def5se commitm5ts1 includ+     
?r\gh adequate inve/m5ts 9 national     
def5se2  7#d7 supplem5t exi/+ grant     
assi/ance to key allies ?r\gh =eign     
milit>y f9anc+ loans1 at rates          
competitive ) ^? already available on   
comm]cial m>kets1 to pur*ase            

,,nato-int]op]able milit>y equipm5t2 &  
7#e7 "w to ma9ta9 & /r5g!n ! democratic 
in/itutions & practices ( all ,,nato    
allies1 9 accordance ) ! goals (        
,article #b ( ! ,nor? ,atlantic ,treaty4
  #c4 ,=eign milit>y loan au?ority  7a7 
,9 g5]al ,beg9n+ 9 fiscal ye> #bjba1    
subject to ! notification requirem5ts "u
 subsection 7b7 & to ! availability (   
appropriations1 ! ,presid5t1 act+ ?r\gh 
! ,secret>y ( ,/ate1 is au?oriz$--  7#a7
 to make direct loans "u section #bc ( !
 ,arms ,export ,control ,act 7#bb       
,u4,s4,c4 #bgfc7 to ,,nato memb]        
c\ntries t jo9$ ! alliance aft] ,m>* #a1
 #aiii1 not)/&+ ! m9imum int]e/ rate    
requir$ by subsection 7c77#a7 ( su*     
section2 &  7#b7 to *>ge fees = su*     
loans "u p>agraph 7#a71 :i* %all be     
collect$ f borr[]s 9 accordance )       
section #ejb7g7 ( ! ,congressional      
,budget ,act ( #aigd1 & :i* may be us$  
to cov] ! co/s ( su* loans z def9$ 9    
section #ejb ( ! ,congressional ,budget 
,act ( #aigd4  7b7 ,notification ,a loan

 may n be made "u ! au?ority provid$ by 
subsection 7a7 unless ! ,secret>y (     
,/ate submits to ! appropriate          
congressional committees a c]tification1
 n few] ?an fifte5 days be=e ent]+ into 
an agreem5t to make su* loan1 t-- 7#a7 !
 recipi5t c\ntry is mak+ demon/rable    
progress t[>d meet+ its def5se sp5d+    
commitm5ts 9 accordance ) ! #bjad ,,nato
 ,wales ,summit ,decl>ation2 &  7#b7 !  
gov]nm5t ( su* recipi5t c\ntry is       
respect+ t c\ntry's con/itution &       
upholds democratic values su* z fre$om (
 religion1 fre$om ( spee*1 fre$om ( !   
press1 ! rule ( law1 & ! rights (       
religi\s m9orities4  7c7 ,repaym5t ,a   
loan made "u ! au?ority provid$ by      
subsection 7a7 %all be repaid 9 n m ?an 
#ab ye>s1 b may include a grace p]iod ( 
up to #a ye> on ! repaym5t ( ! pr9cipal4
  7d7 ,appropriate congressional        
committees def9$ ,9 ?is ,act1 ! t]m     
appropriate congressional committees    
means-- 7#a7 ! ,committee on ,=eign     
,affairs & ! ,committee on              

,appropriations ( ! ,h\se (             
,repres5tatives2 &  7#b7 ! ,committee on
 ,=eign ,relations & ! ,committee on    
,appropriations ( ! ,s5ate4  ,pass$ !   
,h\se ( ,repres5tatives ,m>* #i1        
#bjbj4;,cl]k4