Bill · H.R. 8661· House(119-HR-8661)
Foreign Military Financing Loan Authorization Act of 2026
- Introduced
- 5/4/2026
- Last activity
- 5/13/2026 — Ordered to be Reported (Amended) by the Yeas and Nays: 37 - 9.
- Sponsored by
- Brian Mast
- Cosponsors
- - 1 - 0
- Introduced
What this bill would do
This bill, known as the ``Foreign Military Financing Loan Authorization Act of 2026'', authorizes the Secretary of State to provide direct loans and loan guarantees. These funds are intended for the procurement of defense articles, defense services, and design and construction services. The Secretary can provide these to countries or international organizations deemed consistent with United States national security interests. The Secretary also has the authority to establish interest rates and repayment terms for direct loans. Additionally, the bill allows the Department of State to obligate specific funds from the Foreign Military Sales Administrative Surcharge Fund. Finally, it requires regular reporting on these financial activities to Congress.
Yes· 3 of 5
Does this send more money or help to other countries?+6
The bill authorizes direct loans and loan guarantees to foreign countries for defense procurement.
Does this make what the government does easier for the public to see?+5
The bill mandates regular reporting to Congress regarding the recipients and impacts of the loans.
Does this strengthen ties with allied countries?+4
By providing financial assistance for defense, the bill helps strengthen military ties and security interests.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Support for National Security Interests: The Secretary of State is authorized to provide loans and guarantees to entities that are determined to be consistent with United States national security interests (Section 2(a)).
-
Flexibility in Financial Terms: The Secretary has the authority to establish interest rates, repayment schedules, and repayment terms for direct loans, which allows for tailored financial arrangements (Section 2(b)).
-
Increased Oversight through Reporting: The Secretary must submit reports to the House Committee on Foreign Affairs and the Senate Committee on Foreign Relations regarding any loans or guarantees provided, including an assessment of their impact on national security (Section 4).
Potential Negative Impacts for People
-
Dependence on Congressional Funding: Any direct loan or loan guarantee is subject to the availability of funds appropriated by Congress (Section 2(c)(3)).
-
Requirement for Additional Resources: The Secretary is required to assess and report on any additional resources needed by the Department of State to carry out the provisions of this Act (Section 4(4)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- National Security And Foreign Policy
- Increases Foreign Aid+6Improves International Alliances+4Improves Diplomatic Engagement+3
- Governance And Ideology
- Improves Government Transparency+5Increases Federal Power+3
- 5/13/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 37 - 9.
- 1 Cosponsor added.
- 5/4/2026
- Referred to the House Committee on Foreign Affairs.
- Introduced in House
Young KimRepublican · California