Authorizes the Secretary of State to provide direct loans and loan guarantees to foreign countries and international organizations so they can buy U.S. defense articles, defense services, and design and construction services.

Official title: Foreign Military Financing Loan Authorization Act of 2026

Next stop House floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Introduced 04-MAY-2026

Referred 04-MAY-2026

Approved by committee 13-MAY-2026

Key points

Lets the Secretary of State set interest rates, repayment schedules, and other repayment terms for direct loans.
Allows the State Department to spend funds from the Foreign Military Sales Administrative Surcharge Fund on activities under the Arms Export Control Act.
Requires a report to the House Foreign Affairs and Senate Foreign Relations committees within 180 days after enactment and annually after that, covering each loan or guarantee, its recipient, amount, terms, and national security impact.
Makes all loans and guarantees subject to the terms of Section 23 of the Arms Export Control Act and to funds Congress appropriates.

AI-generated from the Introduced in House text of 04-MAY-2026 · verify · report an error

Official CRS summary

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Committee referrals (1)

Policy area

International Affairs

Sponsor Brian J. Mast (R-FL) Cosponsors · 1

■ 1 R

1 Republican

congress.gov page Introduced in House (04-MAY-2026)