US Congress House Bill 3194 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on June 11 2019 - 25% progression, died in committee
Action: 2019-06-11 - Referred to the House Committee on Foreign Affairs.
Pending: House Foreign Affairs Committee
Text: Latest bill text (Introduced) [PDF]

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.

NATO Defense Financing Act

Rep. Eliot Engel [D-NY]

Rep. Michael McCaul [R-TX]

Rep. Gregory Pence [R-IN]

Rep. Joe Wilson [R-SC]

Date	Chamber	Action
2019-06-11	House	Referred to the House Committee on Foreign Affairs.
2019-06-11	House	Introduced in House

HB2444 (Related) 2021-01-13 - Became Public Law No: 116-332.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/3194/all-info
Text	https://www.congress.gov/116/bills/hr3194/BILLS-116hr3194ih.pdf