House Bill 3194
116th Congress(2019-2020)
NATO Defense Financing Act
Introduced
Introduced in House on Jun 11, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3194
Congress
116
Policy Area
International Affairs
International Affairs
Primary focus of measure is matters affecting foreign aid, human rights, international law and organizations; national governance; arms control; diplomacy and foreign officials; alliances and collective security. Measures concerning trade agreements, tariffs, foreign investments, and foreign loans may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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.
June 11, 2019
06/11/2019
Referred to the House Committee on Foreign Affairs.
06/11/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 7:02:35 AM