10 U.S.C. § 4971
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
- (a)In order to meet the national security objectives in section 4811(a) of this title, the Secretary of Defense shall establish a program under which the Secretary may issue guarantees assuring a lender against losses of principal or interest, or both principal and interest, arising out of the financing of the sale or long-term lease of defense articles, defense services, or design and construction services to a country referred to in subsection (b).
- (b)The authority under subsection (a) applies with respect to the following countries:
- (1)A member nation of the North Atlantic Treaty Organization (NATO).
- (2)A country designated as of March 31, 1995, as a major non-NATO ally pursuant to section 2350a(i)(3) of this title, as in effect on that date.
- (3)A country in Central Europe that, as determined by the Secretary of State—
- (4)A noncommunist country that was a member nation of the Asia Pacific Economic Cooperation (APEC) as of October 31, 1993.
- (c)The Secretary may guarantee a loan under this subchapter only to such extent or in such amounts as may be provided in advance in appropriations Acts.