H.R. 8661 · In committee · International Affairs

Foreign Military Financing Loan Authorization Act of 2026

What it does

Authorizes the Secretary of State to provide direct loans and loan guarantees to countries and international organizations for the procurement of defense articles, defense services, and design and construction services.
Delegates to the Secretary of State authority to set the rate of interest, repayment schedule, and repayment terms for direct loans authorized by the Act.
Permits the Department of State to obligate funds deposited in the Foreign Military Sales Administrative Surcharge Fund for carrying out activities under the Arms Export Control Act.
Requires the Secretary of State to submit a report to Congress within 180 days of enactment and annually thereafter detailing loans or guarantees provided, recipients, amounts, terms, purposes, and assessment of impact on U.S. national security objectives.

May 13, 2026: Ordered to be Reported (Amended) by the Yeas and Nays: 37 - 9.

Committee: House Foreign Affairs