Authorize the Secretary of State to establish flexible terms for such loans, to ensure U.S. loans remain competitive and stay on terms that are beneficial to the U.S.
I will authorize the Secretary of State to set flexible terms for foreign military financing loans to keep them competitive and beneficial to the United States.
Occurrences
The Secretary is authorized to establish the rate of interest, repayment schedule, and repayment terms applicable to direct loans authorized under subsection (a)(1).
While this is positive for our industries and military interoperability, we also need to be able to offer financing terms that are more attractive to current and future recipients,” said Chairman Brian Mast. “This legislation gives the State Department a powerful tool to compete aggressively in the global defense market and ensure that when allies buy, they buy American.”
Evidence
unverified · Source version 21489 · locator unknown
Bill version: Introduced in House (IH). Short title: Foreign Military Financing Loan Authorization Act of 2026. Full title: To authorize the Secretary of State to provide certain direct loans and loan guarantees for the procurement of defense articles, defense services, and design and construction services, and for other purposes. Sponsor: Brian J. Mast (FL).
unverified · Source version 21488 · locator unknown
H.R. 8661, To authorize the Secretary of State to provide certain direct loans and loan guarantees for the procurement of defense articles, defense services, and design and construction services, and for other purposes. (Mast) (ordered to be reported favorably to the House, as amended, 37Y-9N).
unverified · Source version 21490 · locator unknown
The markup notice lists H.R. 8661, authored by Mast, for consideration on May 13, 2026, describing it as a bill to authorize the Secretary of State to provide certain direct loans and loan guarantees for procurement of defense articles, defense services, and design and construction services.
unverified · Source version 21488 · locator unknown
House Foreign Affairs Committee ordered H.R. 8661, the Foreign Military Financing Loan Authorization Act of 2026, to be reported favorably as amended by a 37-9 vote.
unverified · Source version 21485 · locator unknown
GovInfo shows Brian J. Mast introduced H.R. 8661 in the House and referred it to the Committee on Foreign Affairs; the bill text authorizes the Secretary of State to provide direct loans and loan guarantees for defense procurement.
verified · Source version 53376 · locator 487
Mr. Mast introduced the following bill; which was referred to the Committee on Foreign Affairs
verified · Source version 53376 · locator 1821
The Secretary is authorized to establish the rate of interest, repayment schedule, and repayment terms applicable to direct loans authorized under subsection (a)(1).
verified · Source version 21488 · locator 780
H.R. 8661, To authorize the Secretary of State to provide certain direct loans and loan guarantees for the procurement of defense articles, defense services, and design and construction services, and for other purposes. (Mast) (ordered to be reported favorably to the House, as amended, 37Y-9N)
unverified · Source version 53386 · locator unknown
Through fiscal year 2027, the terms and conditions provided in section 2606(a) and (b) of the Consolidated Appropriations Act, 2022 (Public Law 117–103; 136 Stat. 785) shall apply in the same manner and to the same extent to amounts made available by this Act under the heading “Foreign Military Financing Program”
unverified · Source version 53388 · locator unknown
Through fiscal year 2028, the terms and conditions provided in section 2606 of the Consolidated Appropriations Act, 2022 (Public Law 117–103), as modified by section 7035(b)(7) of the National Security, Department of State, and Related Programs Appropriations Act, 2026 (division F of Public Law 119–75), shall continue in effect
unverified · Source version 53390 · locator unknown
Last action May 13, 2026
unverified · Source version 66297 · locator unknown
H.R. 8595 (H. Res. 1377) (H. Res. 1398) (H. Res. 1423) (S. 1383).— Making appropriations for national security, Department of State, and related programs for the fiscal year ending September 30, 2027, and for other purposes. Reported from Appropriations Apr. 30, 2026; Rept. 119–631. Union Calendar. Passed House amended July 15, 2026; Roll No. 247: 217–209. Received in Senate July 29, 2026.
unverified · Source version 66299 · locator unknown
Status Ordered to be Reported (Amended) by the Yeas and Nays: 37 - 9. Status as of Sep 17, 5:41 AM · synced 3d ago
Assessments
Mast materially pursued the promise by introducing H.R. 8661, the Foreign Military Financing Loan Authorization Act of 2026, and moving it through House Foreign Affairs Committee with a favorable vote. But the evidence only shows introduction and committee approval, not final passage or enactment into law. Because the promised authority for the Secretary of State was not actually established, this is best scored as a failed delivery despite a serious legislative effort.
Mast appears to have materially pursued this promise by introducing H.R. 8661, the Foreign Military Financing Loan Authorization Act of 2026, which directly matches the pledge to authorize the Secretary of State to provide foreign military financing loans and guarantees. The bill also advanced out of the House Foreign Affairs Committee, showing serious legislative progress. However, the evidence provided does not show enactment into law or otherwise that the Secretary of State was actually granted the promised authority. Because there was a concrete legislative attempt and committee advancement but no demonstrated final delivery of the promised outcome, the best judgment is partial fulfillment during the same term.