Expanding the Defense Industrial Base Sales Act authorizes foreign military financing for direct commercial contracts.
Expanding the Defense Industrial Base Sales Act amends the Arms Export Control Act to authorize the use of foreign military financing for direct commercial contracts. This includes procurement of defense articles, services, and design and construction services not sold by the U.S. government. The use of such financing must be approved by the Secretary of State, in consultation with the Secretary of Defense, and subject to terms and conditions to advance U.S. foreign policy and national security interests.
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