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NATO Defense Financing Act

Introduced: June 11, 2019 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 2019
Referred to the House Committee on Foreign Affairs.
Jun 11, 2019
Introduced in House
 Plain-English summary Congressional Research Service

NATO Defense Financing 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 (1) is making demonstrable progress toward meeting its NATO defense-spending obligations, (2) is respecting the country's constitution and upholding democratic values, and (3) has demonstrated a commitment to a free market economy and the capacity to meet the loan's terms.

What's happening now June 11, 2019

Referred to the House Committee on Foreign Affairs.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2