S.Amdt. 3403

SA 3403. Mr. CORNYN submitted an amendment intended to be proposed by
him to the bill S. 2296, to authorize appropriations for fiscal year
2026 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

At the end of subtitle F of title X, add the following:

SEC. 1067. REPAYMENT OF LOANS RELATING TO DEFENSE ARTICLES
AND SERVICES IN NON-MONETARY ASSETS.

(a) Foreign Military Financing.--Section 23(b) of the Arms
Export Control Act (22 U.S.C. 2763(b)) is amended by
inserting ``, non-monetary assets of an equivalent value, or
some combination thereof,'' after ``repayment in United
States dollars''.
(b) Leasing Authority.--Section 61(a)(4) of the Arms Export
Control Act (22 U.S.C. 2796(a)(4)) is amended, in the matter
preceding subparagraph (A), by inserting ``, non-monetary
assets of an equivalent value, or some combination thereof,''
after ``has agreed to pay in United States dollars''.
(c) Loan Agreements.--Section 503(b)(5) of the Foreign
Assistance Act of 1961 (22 U.S.C. 2311(b)(5)) is amended--
(1) by striking ``and (B)'' and inserting ``(B)''; and
(2) by inserting ``, and (C) in either situation described
in subparagraph (A) or (B), the country or international
organization will repay the United States in United States
dollars, non-monetary assets of an equivalent value, or some
combination thereof'' before the period at the end.
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