,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dfeb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bh1 #bjbb,mrs4  
,blackburn 7= h]self & ,mr4 ,scott (    
,florida7 introduc$ ! foll[+ bill2 :i* 0
 read twice & ref]r$ to ! ,committee on 
,=eign ,relations  ,a ,,bill  ,to       
provide = ! loan & lease ( def5se       
articles to ! ,gov]nm5t ( ,taiwan1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,taiwan ,democracy     
,def5se ,l5d-,lease ,act ( #bjbb4  #b4  
,loan & lease ( def5se articles to      
,gov]nm5t ( ,taiwan  7a7 ,au?ority ,to  
l5d or lease def5se articles to         
,gov]nm5t ( ,taiwan  7#a7 ,au?ority     
,not)/&+ section #ejc7;b77#c7 ( ! ,=eign
 ,assi/ance ,act ( #aifa 7#bb ,u4,s4,c4 
#bcaa7;b77#c77 or section #fa ( ! ,arms 
,export ,control ,act 7#bb ,u4,s4,c4    
#bgif71 ! ,presid5t may l5d or lease    
def5se articles to ! ,gov]nm5t ( ,taiwan
 to assi/ 9 ! bol/]+ ( ! def5sive       
capabilities ( su* ,gov]nm5t or !       
protection ( ! citiz5 population (      

,taiwan f pot5tial aggression c>ri$ out 
by ! ,p's ,lib]ation ,army ( ,*9a aga9/ 
,taiwan 7includ+ ?r\gh "o or m ( ! means
 describ$ 9 p>agraph 7#b77 if1 z a      
condition ( su* loan or lease1 !        
,presid5t requires-- 7,a7 ! paym5t by ! 
,gov]nm5t ( ,taiwan ( ! co/ ( re/or+ or 
replac+ ! def5se article1 9 ! case t !  
def5se article is damag$2 &  7,b7 !     
paym5t by ! ,gov]nm5t ( ,taiwan ( an    
am\nt equal to ! replacem5t co/ 7less   
any depreciation 9 ! value7 ( ! def5se  
article1 9 ! case t ! def5se article is 
lo/ or de/roy$4  7#b7 ,means (          
aggression by ,p's ,lib]ation ,army ,!  
means describ$ 9 ?is p>agraph are !     
foll[+3 7,a7 ,! full or p>tial naval    
blockade ( ,taiwan4  7,b7 ,an amphibi\s 
assault & gr\nd invasion ( ,taiwan4     
7,c7 ,a missile /rike 7:e!r conduct$    
alone or z a "p ( a broad] campaign74   
7,d7 ,k9etic or non-k9etic op]ations    
aga9/ milit>y t>gets or critical        
infra/ructure 9 ,taiwan4  7,e7 ,a       
seizure1 or attempt$ seizure1 ( "o or m 

( ! outly+ isl&s controll$ by ,taiwan4  
7#c7 ,def5se s]vices & def5se           
con/ruction s]vices  7,a7 ,9 g5]al ,!   
,presid5t may f9ance ! procurem5t (     
def5se s]vices & design & con/ruction   
s]vices by ! ,gov]nm5t ( ,taiwan 9      
connection ) a loan or lease ( a def5se 
article to su* ,gov]nm5t "u p>agraph    
7#a71 if1 z a condition ( su* f9anc+1 ! 
,presid5t requires t1 n lat] ?an #ab    
ye>s aft] ! date on :i* ! agreem5t ) !  
,gov]nm5t ( ,taiwan = su* f9anc+ is     
sign$ on behalf ( ! ,unit$ ,/ates       
,gov]nm5t1 ! ,gov]nm5t ( ,taiwan pay to 
! ,unit$ ,/ates ,gov]nm5t 79 ,unit$     
,/ates doll>s7 an am\nt equal to ! sum  
(-- 7i7 ! value ( su* s]vices2 &  7ii7  
any int]e/ on ! unpaid balance ( !      
obligation = paym5t "u clause 7i71 at a 
rate t1 except z provid$ 9 subp>agraph  
7,b71 is equival5t to ! av]age int]e/   
rate1 z ( ! la/ day ( ! mon? prec$+ !   
date on :i* su* agreem5t is sign$1 t !  
,unit$ ,/ates ,gov]nm5t pays on out/&+  
m>ketable obligations ( comp>able       

maturity4  7,b7 ,exception to int]e/    
rate requirem5t ,if ! ,presid5t submits 
to ,congress a c]tification conta9+ a   
det]m9ation t national security requires
 a less] rate ( int]e/ ?an ! rate       
calculat$ pursuant to clause 7ii7 (     
subp>agraph 7,a71 a ju/ification = su*  
det]m9ation1 & an id5tification ( su*   
less] rate1 ! less] rate s id5tifi$ %all
 apply 9 lieu ( ! rate calculat$        
pursuant to su* clause4  7b7 ,delegation
 ( au?ority ,! ,presid5t may delegate ! 
au?ority "u subsection 7a7 only to an   
(ficial appo9t$ by ! ,presid5t by & ) ! 
advice & cons5t ( ! ,s5ate4  7c7        
,proc$ures = deliv]y ( def5se articles  
,n lat] ?an #fj days aft] ! date ( !    
enactm5t ( ?is ,act1 ! ,presid5t %all   
e/abli% exp$it$ proc$ures = ! deliv]y ( 
any def5se article loan$ or leas$ to !  
,gov]nm5t ( ,taiwan "u subsection 7a7 to
 ensure ! timely deliv]y ( ! def5se     
article to su* ,gov]nm5t4  7d7 ,report  
on det]m9ation ( def5se ne$s ( ,taiwan  
7#a7 ,report ,n lat] ?an #ij days aft] !

 date ( ! enactm5t ( ?is ,act1 !        
,secret>y ( ,def5se1 9 collaboration ) !
 ,comm&] ( ! ,unit$ ,/ates              
,indo-,pacific ,comm&1 %all submit to   
,congress a report on ! pot5tial loan & 
lease ( def5se articles to ! ,gov]nm5t (
 ,taiwan "u subsection 7a74 ,! report   
%all include ! foll[+ elem5ts3 7,a7 ,an 
initial assessm5t ( ! def5se articles t 
are appropriate = su* loan or lease4    
7,b7 ,an assessm5t ( any supply *a9 or  
o!r logi/ical *all5ges associat$ ) !    
loan or lease ( def5se articles id5tifi$
 pursuant to subp>agraph 7,a74  7,c7 ,a 
discussion ( expect$ timeframes = !     
provision to ! ,gov]nm5t ( ,taiwan (    
def5se articles id5tifi$ pursuant to    
subp>agraph 7,a71 includ+-- 7i7 expect$ 
timel9es = ! deliv]y ( su* def5se       
articles2 &  7ii7 expect$ timel9es = !  
full integration ( su* def5se articles  
by ! milit>y ( ,taiwan1 su* t ! milit>y 
( ,taiwan is able to effectively use    
def5se articles s deliv]$ 9 ! ev5t ( a  
conflict ) ! ,p's ,republic ( ,*9a4     

7,d7 ,su* o!r matt]s z ! ,secret>y may  
consid] appropriate4  7#b7 ,=m ,! report
 "u p>agraph 7#a7 %all be submitt$ 9    
unclassifi$ =m1 b may include a         
classifi$ annex4  7e7 ,def9itions ,9 ?is
 section1 ! t]ms def5se article1 def5se 
s]vice1 & design & con/ruction s]vices h
 ! mean+s giv5 ^? t]ms 9 section #dg ( !
 ,arms ,export ,control ,act 7#bb       
,u4,s4,c4 #bgid74