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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!