Foreign Military Financing Loan Authorization Act of 2026
Sponsored By: Representative Mast, Brian J. [R-FL-21]
In Committee
Summary
This bill would let the State Department provide direct loans and loan guarantees to eligible countries and international organizations to finance purchases of defense articles, defense services, and design and construction services. It also allows use of the Foreign Military Sales administrative surcharge fund and requires early and annual reporting to key congressional committees.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Loans and guarantees for foreign militaries
If enacted, the Secretary of State would be able to provide direct loans and loan guarantees to any country or international organization the Secretary finds appropriate and consistent with U.S. national security interests. These loans and guarantees would finance purchases of defense articles, defense services, and design and construction services. Direct loans would follow AECA section 23 rules and loan guarantees would follow AECA section 24 rules. The Secretary would be allowed to set interest rates, repayment schedules, and repayment terms for direct loans. All loans and guarantees would be subject to AECA limits and to the availability of funds Congress appropriates. The Secretary would report to Congressional foreign affairs committees within 180 days of enactment and then yearly on recipients, amounts, terms, purposes, national security impacts, and resource needs.
State use of Foreign Military Sales fees
If enacted, the State Department would be allowed to obligate money deposited in the Foreign Military Sales administrative surcharge fund for activities under the Arms Export Control Act. The provision would apply to funds deposited under AECA section 21(e)(1)(A). The bill does not set dollar amounts or change who can get defense sales. Use of the fund would depend on how much is in it and on Congressional approval.
Sponsors & CoSponsors
Sponsor
Mast, Brian J. [R-FL-21]
FL • R
Cosponsors
Rep. Kim, Young [R-CA-40]
CA • R
Sponsored 5/13/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov