,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #bddd  ,,in ,,the ,,house ,,of  
,,representatives  ,may #a1 #bjai,mr4   
,mc,caul introduced the following bill2 
which was referred to the ,committee on 
,foreign ,affairs  ,a ,,bill  ,to       
authorize the ,secretary of ,state to   
make direct loans under section #bc of  
the ,arms ,export ,control ,act1 and for
 other purposes4  #a4 ,short title ,this
 ,act may be cited as the ,eastern      
,european ,security ,act4  #b4 ,sense of
 ,congress ,it is the sense of ,congress
 that it is in the national security    
interest of the ,united ,states for     
member countries of the ,north ,atlantic
 ,treaty ,organization 7,,nato7 that    
were formerly part of the ,soviet       
,eastern ,bloc--  7#a7 to have modern   
and effective defense articles that are 
in use and easily integrated with those 
used by the ,united ,states and other   
,,nato allies2 and  7#b7 not use or be  
dependent on ,russian or former         
,soviet-era defense articles4  #c4      

,foreign military loan authority  7a7   
,in general ,subject to the notification
 requirements under subsection 7b71 the 
,president1 acting through the          
,secretary of ,state1 is authorized--   
7#a7 to make direct loans under section 
#bc of the ,arms ,export ,control ,act  
7#bb ,u4,s4,c4 #bgfc7 to ,,nato         
countries that joined the alliance after
 ,march #a1 #aiii1 notwithstanding the  
minimum interest rate required by       
subsection 7c77#a7 of such section2 and 
7#b7 to charge fees for such loans under
 paragraph 7#a71 which shall be         
collected from borrowers in accordance  
with section #ejb7g7 of the             
,congressional ,budget ,act of #aigd1   
and which may be used to cover the costs
 of such loans as defined in section    
#ejb of the ,congressional ,budget ,act 
of #aigd4  7b7 ,notification ,a loan may
 not be made under the authority        
provided by subsection 7a7 unless the   
,secretary of ,state submits to the     
appropriate congressional committees a  

certification1 not fewer than fifteen   
days before entering into an agreement  
to make such loan1 that--  7#a7 the     
recipient country is making demonstrable
 progress toward meeting its spending   
obligations in accordance with the #bjad
 ,,nato ,wales ,summit2 and  7#b7 the   
government of such recipient country is 
respecting that country's constitution  
and upholds democratic values such as   
freedom of religion1 freedom of speech1 
freedom of the press1 the rule of law1  
and the rights of religious minorities4 
7c7 ,repayment ,a loan made under the   
authority provided by subsection 7a7    
shall be repaid in not more than #ab    
years1 but may include a grace period of
 up to one year on the repayment of the 
principal4  7d7 ,appropriate            
congressional committees defined ,in    
this ,act1 the term appropriate         
congressional committees means-- 7#a7   
the ,committee on ,foreign ,affairs and 
the ,committee on ,appropriations of the
 ,house of ,representatives2 and  7#b7  

the ,committee on ,foreign ,relations   
and the ,committee on ,appropriations of
 the ,senate4