H.R. 3121 · 104th Congress · enacted
To amend the Foreign Assistance Act of 1961 and the Arms Export Control Act to make improvements to certain defense and security assistance provisions under those Acts, to authorize the transfer of naval vessels to certain foreign countries, and for other purposes.
Became Public Law No: 104-164.
Latest official action 1996-07-21 · Enacted
The bill, briefly
TABLE OF CONTENTS: Title I: Defense and Security Assistance Chapter 1: Military and Related Assistance Chapter 2: International Military Education and Training Chapter 3: Antiterrorism Assistance Chapter 4: International Narcotics Control Assistance Chapter 5: Other Provisions Title II: Transfer of Naval Vessels to Certain Foreign Countries Title I: Defense and Security Assistance - Chapter 1: Military and Related Assistance - Amends the Arms Export Control Act (AECA) to: (1) require loans made under the Foreign Military Financing Program to be provided at interest rates that are not less than the current average market yield of outstanding U.S. marketable obligations of comparable maturities; (2) require audits of private firms that have contracted with foreign governments for the procurement of defense articles or services or design and construction services; (3) require notification to specified congressional committees for each country and international organization that has been approved for cash flow financing for the procurement of such articles or services valued in excess of $100 million that is to be financed under AECA or the Foreign Assistance Act of 1961 (FAA); (4) limit to $100 million the fiscal year funds to be made available to countries, other than Israel and Egypt, for financing such articles or services that are not sold by the U.S. Government under AECA; an…
Congressional Research Service · 1996-06-27
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What happened after enactment?
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Measured outcome: not established
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