Expanding the Defense Industrial Base Sales Act

Summary

The bill amends the Arms Export Control Act so that foreign countries and international organizations can use U.S. foreign military financing to buy defense articles, services, and design work from private firms, not just from the U.S. government. It requires State Department approval, Defense Department consultation, and new regulations to oversee the program. The change aims to broaden the pool of U.S. defense suppliers and strengthen foreign policy and security ties.

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