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
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).
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).
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.
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.
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.
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.