Title 22 › CHAPTER 39 — ARMS EXPORT CONTROL › SUBCHAPTER VI — LEASES OF DEFENSE ARTICLES AND LOAN AUTHORITY FOR COOPERATIVE RESEARCH AND DEVELOPMENT PURPOSES › § 2796b
Congress can stop certain year-or-longer leases or loans of U.S. defense equipment by passing a joint resolution within the 15-day or 30-day period set in section 2796a(c)(1) or (2). The rule covers major defense equipment worth $14,000,000 or more and other defense items worth $50,000,000 or more. For NATO members and Australia, Japan, the Republic of Korea, Israel, and New Zealand, the cutoffs are $25,000,000 for major equipment and $100,000,000 for other items. Value means replacement cost minus depreciation. The Senate must consider such resolutions under section 601(b) of the International Security Assistance and Arms Export Control Act of 1976, and the House must treat a motion to begin consideration as highly privileged after the committee reports it to speed action.
Full Legal Text
Foreign Relations and Intercourse, Source: USLM XML via OLRC
Legislative History
Reference
Citation
22 U.S.C. § 2796b
Title 22, Foreign Relations and Intercourse
Last Updated
Sep 22, 2026
Release point: 119-110