| Start Date | 2021-01-13 |
|---|---|
| Geographic Scope | National |
| Law | Public Law 116-332 |
| Type of Legislation | House Bill |
| Congress | 116 |
| Linked Proposal | Proposal:Eastern European Security Act |
| Source | View original on Congress.gov |
Description
Eastern European Security Act
This bill authorizes the President to make direct loans to countries that joined the North Atlantic Treaty Organization (NATO) after March 1, 1999, for the purchase of U.S. defense articles. The President may (1) make such loans with lower interest rates than required by statute, and (2) charge fees associated with such loans. Before making such a loan, the Department of State shall certify to Congress that the receiving country is (1) making demonstrable progress toward meeting its NATO defense-spending obligations, and (2) respecting the country's constitution and upholding democratic values.
Geographic Scope
National
Start Date
2021-01-13
Public Law Title
Eastern European Security Act