Congress OKs Cheap Loans For NATO Allies' Arms Purchases
Law360 (January 4, 2021, 3:19 PM EST) -- Congress sent to the president's desk Sunday a measure authorizing low-interest loans to Eastern European NATO allies for the purchase of American-made military supplies, with the expressed aim of reducing those countries' dependence on Russian-made arms and strengthening their democratic institutions.
The Senate approved the House-passed bill, the Eastern European Security Act, by unanimous consent Friday, in one of the final actions before the 116th Congressional session concluded Sunday.
H.R. 2444 authorizes the president — acting through the U.S. secretary of state — to make direct loans under the Arms Export Control Act for the purchase of U.S.-made weapons to countries...
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